Entertainment Network India (ENIL) reported a weak set of numbers. In an interview to CNBC-TV18, Prashant Panday, MD & CEO of the company discussed the company's Q1 performance.
In an interview to CNBC-TV18, Prashant Panday, MD and CEO of ENIL spoke about the latest happenings in his company and sector. Pandey expects the next five years to be better for radio. He sees radio industry growing at 17-20 percent in the next five years.
In an interview to CNBC-TV18, Prashant Panday, MD & CEO of ENIL said the addition of Radio City would be a welcome move in the radio space.
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.
Speaking to CNBC-TV18 Prashant Pandey, MD & CEO ENIL said that impact has been severe. The hit on revenues has been around 10 percent, he said. He added that the media industry is expecting a turbulent December.
The biggest advertiser across ENIL's TV and radio business is the Central Government, says Prashant Panday, Managing Director and Chief Executive Officer, ENIL. Government ads contributed to around 12 percent to ENIL's total revenue last fiscal.
Revenue growth of the company is subdued due to weak activations business. "The non-radio business is very dependent on on-ground stuff and this time the rains have affected it," Prashant Panday, MD & CEO of ENIL said. He expects to see recovery in activations business in Q2.
The company's margins had witnessed a decline in the fourth quarter of FY16 because of a 30 percent increase in its marketing costs. Panday says the marketing costs will continue to bog down margins for another few months due to introduction of second frequencies in various cities.
Speaking to CNBC-TV18, Prashant Panday, MD and CEO of ENIL said that the company is benefitting from increased e-commerce advertising and hopes to be debt free by FY17.
Entertainment Network India Limited (ENIL), the operator of Radio Mirchi FM channel has received approval from the information and broadcasting ministry for buying 4 radio stations of TV Today Network , which owns 104.8 FM Oye.
Speaking to CNBC-TV18 Prashant Panday, MD & CEO, ENIL says the company‘s revenue has risen about 13-13.5 percent and not 8.8 percent as has been reported.
ENIL would spent around Rs 500-800 crore to participate in the phase III auctions for both existing and new cities, and Rs 100 crore of capex, adds Prashant Panday, managing director of the company.
Entertainment Network India (ENIL) has posted good set of numbers in its third quarter with net profit rising 27 percent and net sales increasing 19 percent.
Prashant Panday, managing director, Entertainment Network India Limited, says the bidding for the phase III spectrum acution is likely to be very aggressive due to limited frequencies being available.
There is a lot of headroom for growth in advertising premium for radio believes Prahsan Panday of ENIL because radio has seen a lot of growth from e-commerce, auto sector, retail and FMCG.
According to Prashant Panday, radio industry is a high operating leverage industry, so any boost in revenue transfers will boost margin. The company will see high ad revenue growth in Q4 due to elections.
Entertainment Network India Limited‘s (ENIL) fourth quarter looks reasonably strong amidst challenging economic environment, says Prashant Panday, ED&CEO of the company. Advertising and media industry have done better than expectations, he says.
Entertainment Network India (ENIL) has declared its fourth quarter results. Prashant Panday, executive director and chief executive officer of ENIL targets more than 10% revenue growth in FY13. â€œAs long as the market remains as it is, revenue growth will really come on the back of innovations,â€ he adds.
News of amendments to the copyright bill has sent shock waves amongst radio companies. The changes that are being mooted may not be advantageous for the companies and Prashant Panday, Executive Director & CEO of ENIL says, they have been caught by surprise.
Prashant Panday, CEO, Radio Mirchi was skeptical about the third phase of auctions for FM radio. Though Panday was nervous about demand being too strong, he was hopeful that common sense and the lessons of the second phase of auctions would prevail
Prashant Panday, executive director and chief executive of ENIL says that it is no surprise that the media industry has taken a tumble.
Some news today indicated Entertainment Network (India) (ENIL) has been looking to enter into a strategic agreement or arrangement with Abu Dhabi Media Company. Prashant Panday also indicated that they have seen a good demand for Radio Mirchi in UAE. He also stated that the media industry has been badly hit by slowdown in Q3.
Executive director and chief executive officer, Prashant Panday said that Q2 is traditionally the worst quarter of the year, yet they managed to grow about 2%. He indicated that the Phase III bidding might begin from March-April in 2012. He sees no downside to volumes, but indicated that pricing will remains a key variable.
Prashant Panday, executive director & CEO of Entertainment Network India Limited (ENIL), in an exclusive interview with Sonia Shenoy and Mitali Mukherjee, said the radio industry benefited from cricket World Cup 2011 in fourth quarter.
In an interview with CNBC-TV18, Prashant Pandey of ENIL said most radio companies have not exhausted the 20% limit. The sector, he said, is likely to see greater interest if the cap on foreign direct investment is increased to 26%.