Radio Mirchi Q3FY07 turnover rises 31%, net profit up 14%

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Radio Mirchi Q3FY07 turnover rises 31%, net profit up 14%

Radio Mirchi Q3FY07 turnover rises 31%, net profit up 14%

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Entertainment Network (India) Ltd. (ENIL) (BSE: 532700; NSE: ENIL), India's leading private FM Radio operator, (which operates its private FM radio stations under the brand name "Radio Mirchi"), announced its results for the quarter ended December 31, 2006.

During the quarter (Q3FY07), total income grew by 30.6% to Rs. 48.41 crores compared to Rs. 37.07 crores for the quarter ended December 31, 2005 (Q3 FY06).The Company's earnings before interest, depreciation, tax and amortization (EBITDA) grew 20.8% percent to Rs. 17.65 crores and net profit stood at Rs. 12.40 crores, up 13.9% YoY. On a like basis (7 Phase I stations only), EBITDA for Q3FY07 stood at Rs. 15.11 crores, up 3.4% YoY.

Total income during YTD December 2006 grew 46.0% to Rs. 126.30 crores while EBITDA increased by 15.4% to Rs. 33.50 crores. On a like basis (7 Phase I stations only), EBITDA during YTD December 2006 stood at Rs. 34.71 crores, up 19.6% YoY.

The new stations namely Bangalore, Hyderabad and Jaipur recorded EBITDA margin of 28.2% for the quarter.

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