Q4FY21 Result Update - Entertainment Network India - ICICI Direct

Entertainment Network India (ENIL) reported a weak set of Q4FY21 numbers. Revenues came in at Rs. 99 crore (down 33.7% YoY) with core radio revenue de-growth of 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. ENIL reported a loss of Rs. 66 crore due to provision of impairment of Rs. 97.5 crore for second/third frequency stations. Adjusted PAT was at Rs. 0.7 crore.

For details, click on the link below: Link to the report

Shares of ENTERTAINMENT NETWORK (INDIA) LTD. was last trading in BSE at Rs.184.8 as compared to the previous close of Rs. 204.35. The total number of shares traded during the day was 77517 in over 2341 trades.

The stock hit an intraday high of Rs. 198 and intraday low of 182.3. The net turnover during the day was Rs. 14512798.

Source : Equity Bulls

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