ITV

Tag: player Entertainment Network (India) Limited

  • ENIL income from outside India grows as other numbers plummet in first quarter

    ENIL income from outside India grows as other numbers plummet in first quarter

    BENGALURU: Indian private FM player Entertainment Network (India) Ltd (ENIL), which runs the Mirchi brand radio network in India, reported 71.7 percent fall in consolidated Total Income from Operations (TIO) for the quarter ended 30 June 2020 (Q1 2021, quarter or period under review) as compared to the corresponding year ago quarter (Q1 2020). The company reported consolidated revenue of Rs 38.46 crore for the quarter as compared to Rs 130.52 crore in the corresponding quarter of the previous fiscal. Quarter-on-quarter (q-o-q), revenue in Q 2021 also fell 75.3 percent from Rs 149.63 crore in Q4 2020.

    Break up of operating revenue from India was Rs 27.28 for Q1 2021, which was 78.9 percent lower y-o-y than the Rs 129.41 crore in Q1 2020 and was 81.2 percent lower q-o-q than Rs 145.02 crore in the immediate trailing quarter Q4 2020.

    Operating revenue from outside India in Q1 2021 almost quadrupled (increased 271.7 percent) y-o-y to Rs 11.18 percent (29.1 percent of operating revenue) from Rs 3.01 crore (2.3 percent of operating revenue) in Q1 2020 and increased 60.4 percent q-o-q from Rs 6.82 crore (4.5 percent of operating revenue) in Q4 2020.

    ENIL reported a consolidated loss of Rs 12.18 crore for Q1 2021 as compared to a profit after tax (PAT) of Rs 2.64 crore in Q1 2020 and a lower loss of Rs 1.60 crore in Q4 2020.

    ENIL’s consolidated Earnings before Interest, Depreciation, Taxes and Amortisation (EBITDA, operating profit or operating loss) for Q1 2020 was a loss of Rs 25.94 crore as compared to operating profit of Rs 33.06 crore (25 percent of operating revenue) in Q1 2020 and an operating profit of Rs 22.99 crore (15.1 percent of operating revenue) in the immediate trailing quarter.

    Let us look at the other numbers reported by ENIL

    ENIL total expense (TE) in Q1 2020 reduced 26.9 percent y-o-y to Rs 94.41 crore from Rs 129.19 crore in Q1 2020, and fell 41.2 percent q-o-q from Rs 160.42 crore in Q4 2020.

    Production expense for the period under review declined 52.7 percent y-o-y to Rs 13.60 crore from Rs 28.77 crore in Q 2020 and fell 73.9 percent q-o-q from Rs 52.04 crore in Q4 2020.

    License fee in Q1 2021 was 12 percent lower y-o-y at Rs 7.87 crore crore as compared to Rs 8.95 crore in the corresponding year ago quarter and fell 14 percent q-o-q from Rs 9.15 crore in the immediate trailing quarter Q4 2020.

    Employee Benefit Expense (EBE) in Q1 2021 at Rs 26.30 crore fell 25.9 percent y-o-y from Rs 35.49 crore in Q1 2020 and declined 17 percent q-o-q from Rs 31.68 crore (20.7 percent of TIO).

    Finance costs in Q1 2020 declined 3 percent y-o-y to Rs 4.72 crore from Rs 4.86 crore in Q1 2020 and was almost flat (increased 0.4 percent) from Rs 4.70 crore in Q4 2020.

    Other expenses in Q1 2021 at Rs 16.64 crore declined 35.4 percent y-o-y from Rs 26.15 crore in Q1 2020 and were 53.8 percent lower q-o-q from Rs 35.97 crore in Q4 2020).

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

  • ENIL revenue up in third quarter of 2017

    BENGALURU: Indian private FM player Entertainment Network (India) Limited (ENIL), which runs the Mirchi brand radio network in India,  reported 4.9 percent increase in Total Income from Operations (TIO) for the quarter ended 31 December 2016 (Q3-17, current quarter). The company reported consolidated revenue of Rs 150.65 crore for the current quarter as compared to Rs 143.57 crore in the corresponding quarter of the previous fiscal. Quarter-on-quarter (q-o-q), revenue in Q3-17 also increased 16.2 percent from Rs 129.65 crore in Q2-17.

    The company’s consolidated profit after tax (PAT) in Q3-17 declined by 43.1 percent year-over-year (y-o-y) to Rs 16.42 crore (10.9 percent margin) as compared to Rs 28.86 crore (20.1 percent margin) and more than doubled (increased 2.18 times) q-o-q from Rs 8.05 crore (6.2 percent margin).

    Company Speak

    Commenting on the results, ENIL managing director and chief executive officer, Prashant Panday said, “We are poised on the cusp of a strong growth curve with the Love Network – 8 ‘Mirchi Love’ channels of our own and 3 ‘Ishq FM’ channels of TV Today – now fully operational. This network, along with the original ‘Mirchi’ network, now comprising 42 channels, offer advertisers the widest coverage across the country. With the government soon to announce the results of the second batch of auctions held recently, we will grow even bigger. These are exciting times!”

    Let us look at the other numbers reported by ENIL

    ENIL’s consolidated Earnings before Interest, Depreciation, Taxes and Amortisation (EBIDTA, operating profit) for Q3-17 declined 18.5 percent y-o-y to Rs 38.13 crore (25.3 percent margin)  from Rs 46.78 crore (32.6 percent margin) but increased 64.9 percent q-o-q from Rs 23.13 crore (26.6 percent margin) in the immediate trailing quarter.

    ENIL total expense (TE) in Q3-17 increased 20.5 percent y-o-y to Rs 127.26 crore (84.5 percent of TIO) from Rs 105.64 crore (73.6 percent of TIO), and increased 5.6 percent q-o-q from Rs 120.50 crore (92.9 percent of TIO).

    Programming and royalty expenses in the current quarter increased 43.6 percent y-o-y to Rs 6.85 crore (4.5 percent of TIO) from Rs 4.77 crore (3.3 percent of TIO and increased 13.7 percent q-o-q from Rs 6.03 crore (4.6 percent of TIO).

    License fee in Q3-17 increased 28.4 percent y-o-y to Rs 8.82 crore (5.9 percent of TIO) from Rs 6.87 crore (4.8 percent of TIO) and increased 6.1 percent q-o-q from Rs 8.31 crore (6.4 percent of TIO).

    Employee Benefit Expense (EBE) in Q3-17 at Rs 28.76 crore (19.1 percent of TIO) increased 13.9 percent y-o-y from Rs 25.5 crore (17.6 percent of TIO) and increased 7 percent q-o-q from Rs 26.86 crore (20.7 percent of TIO).

    Marketing expense in Q3-17 at Rs 33.95 crore (22.5 percent of TIO) increased 6.8 percent y-o-y from Rs 31.78 crore (22.1 percent of TIO) and increased 4.2 percent q-o-q from Rs 32.58 crore (25.1 percent of TIO).

    Other expenses in Q3-17 at Rs 34.14 crore (22.7 percent of TIO) increased 21.4 percent y-o-y from Rs 31.78 crore (19.6 percent of TIO) and increased 4.3 percent q-o-q from Rs 32.73 crore (25.3 percent of TIO).

    ENIL won 17 stations in Phase 3 auctions. The company launched three new radio channels during the quarter viz. Lucknow, Pune and Kanpur. ENIL says that it intends to start operations at three out of the remaining six Phase III radio channels before the end of the financial year 2016-17.

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.