ENIL Q4 net profit jumps 69.2% to Rs 19.8 cr

MUMBAI: Entertainment Network India Ltd (ENIL), the operator of India’s FM radio channel Radio Mirchi, has posted 69.2% growth in net profit at Rs 19.8 crore for the quarter and 53.4% growth at Rs 53.9 crores for the full year.

The company posted a revenue of Rs. 175.5 crore during the quarter, a growth of 10.1% and Rs 620.5 crore during the full year, a growth of 15.5%. EBITDA during the quarter was Rs.43.8 crore, growing by 23.6% and Rs 139.8 crores for the full year, growing by 19.9%.

The company in its BSE filing also said that the Board has recommended a dividend of Rs. 1 per equity share of Rs. 10 each for the financial year 2018-19, at its Board meeting held on May 30, 2019. The Board noted that the Company’s operating cash flow was quite strong in each of the last four years and the Company has adequate cash reserves as on March 31, 2019. The company is also debt-free.

“The Board has therefore decided to review the shareholder distribution policy after taking into consideration its internal requirements and shall keep the stock exchanges and the Company’ shareholders informed after a decision in this regard has been taken by the Board,” it further said.

Commenting on the results, ENIL MD & CEO Prashant Panday said, “It’s been a great quarter and year for us! We have performed better than the radio industry on all financial parameters. Our focus on the “solutions” business and on growing margins and pricing have paid rich dividends. The core radio business itself remains on strong footing, generating strong cash flows!”

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