Entertainment Network Q2 PAT seen up 124.7% YoY to Rs. 13.4 cr: Prabhudas Lilladher

Zee Media Corporation | Promoter entity ARM Infra & Utilities sold 8 lakh shares in company, reducing stake to 12.20 percent and 25FPS Media offloaded 2.08 percent stake.

Prabhudas Lilladher has come out with its second quarter (July-September’ 18) earnings estimates for the Media sector. The brokerage house expects Entertainment Network to report net profit at Rs. 13.4 crore up 124.7% year-on-year (up 45.1% quarter-on-quarter).

Net Sales are expected to increase by 11.6 percent Y-o-Y (up 15.4 percent Q-o-Q) to Rs. 140.3 crore, according to Prabhudas Lilladher.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 22.5 percent Y-o-Y (up 22.7 percent Q-o-Q) to Rs. 34.8 crore.

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