ENIL Q3 Review - Digital Solutions To Drive Growth, Margins: Prabhudas Lilladher 
A car radio. (Source: whatwolf / Freepik)

ENIL Q3 Review - Digital Solutions To Drive Growth, Margins: Prabhudas Lilladher 

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Prabhudas Lilladher Report

Entertainment Network India Ltd.’s operating performance was better than our expectations on the back of better cost control while profitability was aided by an exceptional write back of Rs 267 million pertaining to performance royalty.

Management sounded upbeat on the digital solutions business (share is expected to rise to approximately 20-25% in next two years) which shall aid margins (digital solutions have higher gross margin of ~25-50% versus on-ground events which yield ~20-25%).

Further, ad-volumes increased 12% YoY (down 73%/23% in Q1/Q2 respectively) while yields were up by ~7% QoQ signaling recovery is around the corner.

Click on the attachment to read the full report:

Prabhudas Lilladher ENIL Q3FY21 Result Update.pdf

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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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