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Last Updated : Feb 11, 2014 12:57 PM IST | Source: Moneycontrol.com

ENIL at 5.7-year high, up 7% on Dec quarter earnings

During the quarter, its consolidated net profit jumped 37.7% to Rs 25.88 crore from Rs 18.7 crore in the corresponding quarter last fiscal. The media company's revenue saw a growth of 12.7 percent Rs 98.5 crore from Rs 87.4 crore year-on-year

 
 
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Moneycontrol Bureau


Shares of  Entertainment Network India (ENIL) surged 7 percent intraday touching a 5.7-year high on Monday. Investors are lapping up stock of the company, which operates FM radio stations under the label of Radio Mirchi, on its December quarter performance.


During the quarter, its consolidated net profit jumped 37.7 percent to Rs 25.88 crore from Rs 18.7 crore in the corresponding quarter last fiscal. The media company’s revenue saw a growth of 12.7 percent Rs 98.5 crore from Rs 87.4 crore year-on-year.

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Radio Mirchi operates 32 radio stations across the country.


SP Tulsian of sptulsian.com said that the company is on an upward trajectory with EPS of Rs 5.43 for Q3 against nine months EPS of Rs 13. Recommending to buy the stock, Tulsian says the stock may gain another Rs 30 in a week’s time.

At 12:38 hrs, the stock was quoting at Rs 349.00, up Rs 6.10, or 1.78 percent on the BSE.

First Published on Feb 11, 2014 12:57 pm
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