ENIL revenue rises 13.6% to ₹500cr for FY24

Mumbai: Entertainment Network (India) Ltd, operator of Radio Mirchi , reported a net revenue of Rs 149.3 crore for the fourth quarter of FY24 , marking a 42.4% rise compared to the same quarter of FY23.

Radio revenue witnessed growth of 26.4% in the fourth quarter of FY24, while non-FCT (Free Commercial Time) revenue surged by 48.1%, according to a company statement.

It added that throughout FY24, radio experienced growth of 10.8%, whereas non-FCT grew by 8%. Consolidated revenues for FY24 reached Rs 500 crore, a 13.6% year-on-year growth.

EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation)—excluding digital—for FY24 reached Rs 125.4 crore, a 34.5% year-on-year increase, largely fueled by robust top-line growth and operational efficiencies. In the fourth quarter, EBITDA (excluding digital) stood at Rs 36 crore, up from Rs 23 crore in the fourth quarter of 2023.

The statement said operational efficiency improvements have resulted in a significant boost in PAT (Profit After Tax) , rising from Rs 2.3 crore in FY23 to Rs 50.6 crore in FY24 for its existing business. tnn

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