Entertainment Network India (ENIL), the operator of Radio Mirchi FM channel, is expected to report a 59 percent degrowth in second quarter profit at Rs 11.12 crore compared with year-ago period.
According to average of estimates of analysts polled by CNBC-TV18, revenue is seen rising 12 percent to Rs 130.37 crore from Rs 116.27 crore on yearly basis.
Profit is likely to hit by weak operational performance. Operating profit may fall 27 percent year-on-year to Rs 26.16 crore and margin may contract by 1100 basis points to 20 percent in Q2.
Key factors to watch out for:-Analysts expect advertising revenue growth of 11.7 percent YoY to Rs 130 crore-Revenues from new stations are yet to take off-EBITDA margin is likely to be impacted by new station launches-Large scale marketing campaigns across different platforms may impact margin-PAT may be further impacted by higher interest expense
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
