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News |  29 May 2012 11:30 |  By RnMTeam

Radio Mirchi FY'12 net up 8.24% to Rs 565 mn

MUMBAI: Entertainment Network India Ltd's (ENIL) FM radio business, operating under the Radio Mirchi brand, has posted a net profit (standalone) of Rs 565.09 million for the fiscal ended 31 March 2012, up 8.24 per cent, compared to Rs 522.09 million a year ago.

Income from operations saw a 9.02 per cent jump to Rs 3 billion, as against Rs 2.76 billion a year ago. Expenses stood at Rs 2.33 billion (from Rs 2.23 billion a year ago).

Radio Mirchi’s profit (from operations before other income, finance cost and exceptional items) was at Rs 682.26 million, up from Rs 573.66 million in the year ago period.

Meanwhile, for the three month period ended 31 March, the company has posted a net profit of Rs 196.17 million, up from a net profit of Rs 180.33 million it had posted in the corresponding quarter of the previous fiscal.

Income from operations was up 14.63 per cent to Rs 932.78 million in the quarter (from Rs 813.68 million).

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