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.
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.
In an interview with CNBC-TV18, Prashant Panday, MD and CEO, ENIL, discussed the company‘s state of business and added there was an acute need to raise the foreign direct investment limit in radio.
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.
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.
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.
Prashant Panday, ED & CEO, Entertainment Network India Limited says apart from topline, radio companies will also start posting robust bottomlines in the quarters to come. ENIL owns radio channel Radio Mirchi 98.3 FM.
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.
The past quarter was better for radio segment says Entertainment Network India (ENIL) executive director and chief executive officer, Prashant Panday.
Entertainment Network India Ltd (ENIL), which operates FM radio stations under the Radio Mirchi brand, reported a 26.5 percent rise in September quarter net profit of Rs 10.5 crore for the quarter ended September.
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. “As long as the market remains as it is, revenue growth will really come on the back of innovations,†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.
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 Panday, ED and CEO, ENIL, speaks about the quarterly results and gives his outlook going forward.