| Metric | Value (₹ Cr) | vs Q2 FY25 |
|---|---|---|
| Revenue | 158.90 | 39.9% |
| Total Income | 165.48 | 33.3% |
| Expenditure | 153.17 | 21.6% |
| PBT | 12.31 | 775.3% |
| Net Profit | 9.26 | 329.8% |
| OPM | -11.96% | 19.65pp |
| NPM | 5.60% | 8.85pp |
| EPS | 1.94 | 328.2% |
ENTERTAINMENT NETWORK (INDIA) LTD.’s Q3FY25 Revenues at ₹159 Crores, up 9%, Driven by Digital Expansion
08 Feb 2025 · 8 Feb 2025, 12:35 am
Summary
Entertainment Network (India) Ltd, the operator of India’s #1 FM radio channel Radio Mirchi, announced its financial results for the Third Quarter and Nine Months ended December 31, 2024. The company's domestic revenues stood at ₹154 Crores, up by 9.7% YoY, primarily driven by digital and experiential business. EBITDA (excluding digital) was ₹38.8 Crores with 28% EBITDA margins. CRISIL has reaffirmed its long-term rating of 'CRISIL AA+/Stable' and short-term rating of 'CRISIL A1+' on the company's bank facilities and debt instruments.
Key Highlights
- 1
Q3FY25 Revenues at ₹159 Crores, up 9% YoY
- 2
Domestic Revenues at ₹154 Crores, up 9.7% YoY
- 3
Digital business delivered robust growth with digital revenues at ₹15.4 Crores in Q3FY25
- 4
EBITDA (excluding digital) was ₹38.8 Crores with 28% EBITDA margins
- 5
CRISIL reaffirmed its long-term rating of 'CRISIL AA+/Stable' and short-term rating of 'CRISIL A1+'
Management Comments
Mr. Yatish Mehrishi
CEO, ENIL
Q3FY25 was a challenging quarter for the radio industry, impacting radio ad revenues. However, we are pleased with the overall response for new version of Gaana, which has contributed to sharp increase in digital revenues during the quarter. At the same time, our ability to create compelling audience experiences and solutions for our partner brands has fueled a 21% growth in experiential business. With Gaana’s enhanced product experience and strategic pricing, we are seeing strong customer adoption, further reinforcing our confidence in growing in the evolving digital landscape. We remain committed to innovation, expansion, and sustained growth, leveraging our strengths in Radio, Digital and non-FCT segments to drive long-term profitable value for all stakeholders.
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