Prashant Panday, executive director & CEO of Entertainment Network India Limited (ENIL), in an exclusive interview with CNBC-TV18's Sonia Shenoy and Mitali Mukherjee, said the radio industry benefited from cricket World Cup 2011 in fourth quarter. "Going forward, we expect 35% EBITDA growth in FY12," he added.
The Radio Mirchi operator posted 34% (YoY) rise in its standalone revenues at Rs 82 crore for the fourth quarter ended March 31, 2011, as against Rs 62 crore in the previous year. Below is the verbatim transcript of his exclusive interview. Also watch the accompanying video. Q: The fiscal looks exceptional for you, three-fold increase in profits on the back of OOH business, etc. Do you expect see this astronomical growth to continue or will it be more tempered?
A: The overall tide in the radio and media industry has changed, so I expect improved results in FY12. However, the astronomical increase in profits for radio companies have come in on the back ICC-World Cup 2011 series and the way India performed. Most of the peer companies have registered good growth. Hence, I call it the year of
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