MUMBAI: Radio Mirchi, Entertainment Network India Ltd's radio business, is back in the black as it curtailed its expenses in a still recovering... advertising market.

The second-quarter net profit stood at Rs 38.17 million despite a 9.15 per cent fall in revenue. For the earlier-year period, Radio Mirchi had a net loss of Rs 32.78 million.

An aggressive cost management kept total expenses down by 19.39 per cent to Rs 509.36 million for the quarter under review.

ENIL's standalone revenue for the quarter ended 30 September stood at Rs 559.30 million, down from Rs 615.64 million a year ago. Total expenses, however, fell by 19.39 per cent to Rs 509.36 million in the quarter under review. Click here to read more