Net Sales are expected to increase by 11.5 percent Y-o-Y (down 11.6 percent Q-o-Q) to Rs. 177.7 crore, according to ICICI Direct.
Net Sales are expected to increase by 26.8 percent Y-o-Y (up 53.6 percent Q-o-Q) to Rs. 188.2 crore, according to ICICI Direct.
Net Sales are expected to increase by 4 percent Y-o-Y (up 7.5 percent Q-o-Q) to Rs. 130.7 crore, according to ICICI Direct.
Brokerage houses cite better leadership position, volumes to subscribe to the issue. However, challenges include tech challenges, dependence on few advertising agencies, among others.
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.
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 9.5 percent to Rs 136.2 crore during the quarter compared to Rs 124.4 crore in same period last fiscal.
Stocks likey to be in focus are: Nestle India, Blue Star, State Bank of Mysore, Navneet Education, Advanta, Enil, Gujarat Sidhee Cement, Bharti Infratel, Rural Electrification Corporation.
"ENIL has received the MIB's approval to purchase TV Today's four radio stations i.e. radio business in Amritsar, Jodhpur, Patiala and Shimla," said the company in its filing.
Shares of Entertainment Network India climbed 4.8 percent intraday Friday after the government decided to conduct e-auction of 135 channels of private FM radio in 69 existing cities in 1st phase.
ICICIdirect.com is bullish on Entertainment Network India (ENIL) and has recommended buy rating on the stock with a target price of Rs 282 in its research report dated August 12, 2013.
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.
Ventura is bullish on Entertainment Network India and has recommended buy rating on the stock in its May 22, 2013 research report.
Ventura is bullish on Entertainment Network India and has recommended buy rating on the stock with a target of Rs 353 in its April 17, 2013 research report.
The Union Budget last week permitted the expansion of the private FM radio space to 294 more cities. Prashant Panday, exec director & CEO, Entertainment Network India Ltd (ENIL), says he is now optimistic that the finance minister will give a definite thrust to the FM phase III rollouts.
Shares of Entertainment Network India (ENIL) gained more than 8 percent intraday on Thursday after the Finance Minister P Chidambaram said 839 FM radio channels would be auctioned in FY14.
The past quarter was better for radio segment says Entertainment Network India (ENIL) executive director and chief executive officer, Prashant Panday.
TTK Prestige | ONGC | Apollo Hospitals | Strides Arcolab | Tata Power | Unitech | JP Associates | Punj Lloyd | Voltas | Gujarat Industries Power | Texmaco Rail | ENIL | JSW Ispat | Indian Hotels and Hanung Toys are stocks, which are in the news today.
Kotak Securities has come out with its earnings estimates on media sector for December quarter FY13. Advertising expenditures' growth has likely been soft in the quarter.
ICICI direct.com has come with its September`12 quarterly earning estimates for media sector.
Kotak Securities has come with its September`12 quarterly earning estimates for media space. Research firm expect subdued performance from media sector stocks, on account of continued weakness in advertising expenditures.
Rain Commodities | India Cements | Maruti | Infotech Enterprises | Sun Pharma | NMDC | ENIL | Orbit Corporation | Tata Steel | Suzlon | PTC India and Alok Industries are stocks, which are in the news today.
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.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Entertainment Network India (ENIL).