Entertainment Network (India) Ltd (ENIL) reported its quarterly results for the quarter ended December 2016. The earnings result was a broad miss on the consensus. Though the company scaled up on its operations, its bottom-line got hurt in the process.
Entertainment Network (India) Ltd (ENIL) reported its quarterly results for the quarter ended December 2016. The earnings result was a broad miss on the consensus. Though the company scaled up on its operations, its bottom-line got hurt in the process.
In an interview to CNBC-TV18, Prashant Panday the MD & CEO said demonetisation hit the company gravely and the company saw a 26 percent impact on its revenue due to cash crunch.
According to Panday, impact of demonetisation has not subsided completely and the company may see another 5-10 percent impact in the quarter going forward.
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First Published on Feb 14, 2017 01:03 pm
