The research firm expects radio industry revenue CAGR of 16 percent over CY16-21E, 1.4x of traditional media and has a buy on MBL with a target of Rs 469 and neutral rating on Entertainment Network India Limited with a target price of Rs 928.
The Kochi business is expected to break-even in the next 4-6 quarters at the EBITDA level, says Prashant Panday, MD & CEO, ENIL. The company will work on lifting the margins to around 30-35 percent in another 4-6 quarters, he says.
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ENIL, a BSE listed operator of Radio Mirchi, the country's biggest radio channel, posted a net profit of Rs 25.5 crore for the fourth quarter ended March 31, 2015. The company had posted a net profit of Rs 21.2 crore for the corresponding quarter last year.
In CNBC-TV18's popular show Bull's Eye, Lancelot D Cunha, Sharyans Wealth management shares trading strategy of the day.
Prashant Panday, executive director and chief executive of ENIL says that it is no surprise that the media industry has taken a tumble.