ENIL posts 20% consolidated revenue growth YoY
The growth has been led by strong growth in non-FCT revenues, the company has said
Entertainment Network (ENIL IN) has reported rebased consolidated revenue growth of 19.7% YoY, up 14.6% QoQ, but down 15.9% against Q3FY20 (pre-COVID level).
The growth has been led by strong growth in non-FCT revenues (up 55% YoY) along with radio business’s growth by 8% YoY.
Traditional media continued to face headwinds leading to radio volume growth deceleration but despite that, volumes grew 15.8% YoY.
ENIL has reported a rebased consolidated profit of Rs 7.3 crore, down 29.2% YoY (up 9x QoQ; down 26% versus pre-pandemic).
