ICICI Direct: ENIL’s Ad Recovery Key For Earnings Revival  
Inside a radio broadcast studio. (Source: smorazanm/Pixabay)

ICICI Direct: ENIL’s Ad Recovery Key For Earnings Revival  

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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 Q2 FY21 numbers.

Revenues came in at Rs 48.4 crore (down 58.1% YoY) with core radio revenue de-growth of approximately 57% YoY in Q2 FY21.

The solutions business witnessed 62.5% YoY decline in revenues. Reported Ebitda loss came in at Rs 6.3 crore against Ebitda of Rs 28 crore in Q2 FY20.

Although the company managed cost reduction across all fronts, significant fall in revenues led to operating loss.

Click on the attachment to read the full report:

ICICI Direct ENIL Q2FY21 Result Update.pdf

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