ENIL Q4 Review - Radio Weakness Continues: ICICI Direct

An anchor hosts a show in a radio studio. (Photographer: Veejay Villafranca/ Bloomberg)

ENIL Q4 Review - Radio Weakness Continues: ICICI Direct

Bookmark

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.

ICICI Direct Report

Entertainment Network India Ltd. reported a weak set of Q4 FY21 numbers.

Revenue came in at Rs 99 crore (down 33.7% YoY) with core radio revenue falling 27.4% YoY.

The solutions business witnessed 42% decline YoY due to absence of on-ground activities.

However, Ebitda improved 4.5% YoY to Rs 24.0 crore led by cost reduction across employee and marketing expenses, which fell 25% and 56% YoY, respectively.

The company reported a loss of Rs 66 crore due to provision of impairment of Rs 97.5 crore for second/third frequency stations.

Adjusted profit after tax was at Rs 0.7 crore.

Click on the attachment to read the full report:

ICICI Direct ENIL Q4FY21 Result Update.pdf

DISCLAIMER

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.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.