Entertainment Network Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 08, 2023 at 04:52 am EST
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Entertainment Network (India) Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 1,036.92 million compared to INR 1,085.88 million a year ago. Revenue was INR 1,101.92 million compared to INR 1,135.3 million a year ago. Net income was INR 35.91 million compared to net loss of INR 6.27 million a year ago. Basic earnings per share from continuing operations was INR 0.77 compared to basic loss per share from continuing operations of INR 0.11 a year ago. Diluted earnings per share from continuing operations was INR 0.77 compared to diluted loss per share from continuing operations of INR 0.11 a year ago.
For the six months, sales was INR 1,982.87 million compared to INR 2,092.09 million a year ago. Revenue was INR 2,141.46 million compared to INR 2,188.04 million a year ago. Net income was INR 47.34 million compared to net loss of INR 142.76 million a year ago. Basic earnings per share from continuing operations was INR 1.05 compared to basic loss per share from continuing operations of INR 2.96 a year ago. Diluted earnings per share from continuing operations was INR 1.05 compared to diluted loss per share from continuing operations of INR 2.96 a year ago.
Entertainment Network (India) Limited is an India-based advertising company. The Company generates its advertising revenues by the sales of airtime in the Companyâs frequency modulation (FM) radio broadcasting stations, activations, concerts and monetization of Companyâs digital and other media properties. The Company operates FM radio broadcasting stations in 63 Indian cities. The Companyâs subsidiaries include Alternate Brand Solutions (India) Limited, Entertainment Network, Inc., Entertainment Network, LLC, Global Entertainment Network Limited W.L.L., and Mirchi Bahrain W.L.L. Its brands include Radio Mirchi, Mirchi Plus, Mirchi 95, Mirchi Love and Kool FM. The Company operates in Ahmedabad, Akola, Amravati, Amritsar, Asansol, Aurangabad, Bengaluru, Bharuch, Bhavnagar, Bhopal, Chandigarh, Chennai, Coimbatore, Delhi, Nagpur, Pune, Guwahati, Hubli Dharward, Hyderabad, Indore, Jabalpur, Jaipur, Jalandhar, Jammu, Jamnagar, Jhansi, Jodhpur, Kolkata, and other.