Entertainment Network (India) lost 3.46% to Rs 890 at 11:21 IST on BSE after consolidated net profit dropped 72.57% to Rs 4.57 crore on 9.56% fall in net sales to Rs 98.67 crore in Q1 June 2017 over Q1 June 2016.
The result was announced after market hours yesterday, 2 August 2017.Meanwhile, the S&P BSE Sensex was down 157.94 points, or 0.49%, to 32,318.80. The S&P BSE Mid-Cap index was up 2 points, or 0.01%, to 15,413.96.
On BSE, so far 1,518 shares were traded in the counter, compared with average daily volume of 5,458 shares in the past one quarter. The stock hit a high of Rs 900 and a low of Rs 875 so far during the day. The stock hit a record high of Rs 1,008 on 5 July 2017. The stock hit a 52-week low of Rs 667 on 25 November 2016.
The mid-cap company has equity capital of Rs 47.67 crore. Face value per share is Rs 10.
Prashant Panday, Managing Director and Chief Executive Officer, Entertainment Network (India) (ENIL) said that all the top advertising categories on radio recorded de-growth in Q1 June 2017. The biggest advertiser - the Central Government - cut its advertising by nearly 35% compared to last year, Prashant Panday said.
Entertainment Network (India) (ENIL) is a city-centric media company and operates FM radio broadcasting stations through the brand Radio Mirchi in 40 Indian cities.
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