Entertainment Network (India) Ltd's Q3FY25 Quarter Results
- 08 Feb 2025
Result Summary
- Entertainment Network (India) Ltd reported a 33.3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 0.6%.
- Its expenses for the quarter were up by 21.6% QoQ and 10.5% YoY.
- The net profit decreased 329.8% QoQ and decreased 61.3% YoY.
- The earnings per share (EPS) of Entertainment Network (India) Ltd stood at 1.9 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 165.48 | 124.10 | 166.55 | 33.3% | -0.6% |
Total Expenses | 153.17 | 125.93 | 138.58 | 21.6% | 10.5% |
Profit Before Tax | 12.31 | -1.82 | 27.97 | -776.4% | -56.0% |
Tax | 3.05 | 2.21 | 4.03 | 38.0% | -24.3% |
Profit After Tax | 9.26 | -4.03 | 23.94 | -329.8% | -61.3% |
Earnings Per Share | 1.90 | -0.80 | 5.00 | -337.5% | -62.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Entertainment Network (India) Ltd is a prominent player in the media and entertainment industry, primarily known for its radio broadcasting services. The company operates the popular Radio Mirchi network, which is one of the leading FM radio networks in India. Entertainment Network (India) Ltd is involved in the production and distribution of radio content, serving a diverse audience across the country. The company is part of the Times of India Group, which is one of the largest media conglomerates in India. Details about any recent major developments or strategic initiatives by the company are not available in the provided data.
Revenue
In the third quarter of the fiscal year 2025, Entertainment Network (India) Ltd reported a total income of ₹165.48 crores. This figure represents a 33.3% increase from the previous quarter, Q2FY25, where the total income was ₹124.10 crores. When compared to the same quarter in the previous year, Q3FY24, which recorded a total income of ₹166.55 crores, there was a slight decline of 0.6%. This quarterly increase contrasts with the year-over-year change, indicating a strong recovery from the previous quarter's performance but a marginal decline in comparison to the previous year's results for the same period.
Profitability
The Profit Before Tax (PBT) for Q3FY25 stood at ₹12.31 crores, which is a significant turnaround from a loss of ₹1.82 crores reported in Q2FY25. This represents an improvement of 776.4% quarter-over-quarter. However, when compared to Q3FY24, where the PBT was ₹27.97 crores, there was a decrease of 56.0% year-over-year. After accounting for taxes, the Profit After Tax (PAT) for Q3FY25 was ₹9.26 crores, a substantial recovery from a loss of ₹4.03 crores in Q2FY25, representing a 329.8% improvement. Yet, the PAT declined by 61.3% compared to Q3FY24's PAT of ₹23.94 crores.
Operating Metrics
The company's total expenses in Q3FY25 amounted to ₹153.17 crores, which is a 21.6% increase from the previous quarter's expenses of ₹125.93 crores. Year-over-year, total expenses increased by 10.5% from ₹138.58 crores in Q3FY24. The tax expense for Q3FY25 was ₹3.05 crores, marking a 38.0% increase from Q2FY25's ₹2.21 crores but a decrease of 24.3% from ₹4.03 crores in Q3FY24. Earnings Per Share (EPS) for Q3FY25 was reported at ₹1.90, a notable recovery from a negative EPS of ₹-0.80 in Q2FY25, indicating a 337.5% increase. However, compared to Q3FY24's EPS of ₹5.00, there was a decline of 62.0%.
