Mirchi posts total revenue of Rs 92 crore for Q1
The company has achieved EBITDA of Rs 19 crore during the quarter, a growth of 59% YoY
Mirchi has reported a total revenue of Rs 91.7 crore.
Notably, the radio segment was up by 7.6% YoY led by volume growth. According to the reports shared, capitalizing on the inherent efficient cost structure of the segment, higher volumes helped Mirchi to translate into improved operating leverage. Moreover, the company achieved EBITDA of Rs 19.2 crore during the quarter, a growth of 59.1% YoY.
The report also says that PBT after exceptional items is Rs 5.4 crore and PAT stands at Rs 4.4 crore in Q1FY24.
Commenting on the results, Yatish Mehrishi, CEO, ENIL, said, “I am pleased to share that our operating profitability reported a significant growth of 59% YoY during the quarter. This came at the back of three key levers. One, our radio business continued its recovery momentum driven by additional ad spending by clients. Two, our focus is on running cost-efficient operations. And finally, our investments into high-margin businesses.”
ENIL’s Balance Sheet remains strong with cash reserves standing at ₹ 248.0 crore as on June 30, 2023.
