ENIL Q2 net falls 70 pc at Rs 8 crore

Image
Press Trust of India New Delhi
Last Updated : Nov 09 2016 | 11:42 AM IST
Entertainment Network India Ltd (ENIL), which operates FM radio channel Radio Mirchi, today reported a 70.32 per cent decline in consolidated net profit at Rs 8.05 crore for the quarter ended September due to higher expenses.
The company had posted a net profit of Rs 27.13 crore for the corresponding quarter a year ago.
Its total income from operations was up 11.49 per cent during the quarter under review at Rs 129.64 crore as against Rs 116.27 crore in the corresponding period of the previous fiscal, ENIL said in a BSE filing.
Over expenses during the quarter stood at Rs 120.49 crore, up 36.05 per cent, as against Rs 88.56 crore in the year ago period.
Meanwhile, in a separate filing ENIL said its independent and non-executive Director B S Nagesh has resigned from the Board of Directors and all board committees of the company due to personal commitments and other preoccupations.
Shares of the company were trading 6.35 per cent lower at Rs 714 apiece on BSE in the morning trade.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 09 2016 | 11:42 AM IST

Next Story