BENGALURU: Indian private FM player Entertainment Network India Limited (ENIL) reported 27 per cent increase in profit after tax (PAT) at Rs 105.97 crore (24.2 per cent of Total Income from Operations or TIO) in FY-2015 (year ended March 31, 2015, current year) as compared to the Rs 83.45 crore (21.7 per cent of TIO) in the previous year. The company has entered the Rs 100 crore PAT club this year.
PAT in Q4-2014 increased by 20.1 per cent to Rs 25.52 crore (20.5 per cent of TIO) as compared to the Rs 21.24 crore (18.6 per cent of TIO) in the corresponding year ago quarter, but was 22.3 per cent lower than the Rs 32.86 crore (28.1 per cent of TIO) in the immediate trailing quarter.
Notes: The numbers in this report are standalone unless stated otherwise.
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ENIL’s TIO in FY-2015 increased 14 per cent to Rs 438.48 crore as compared to the Rs 384.49 crore in FY-2014. TIO in Q4-2015 increased 8.8 per cent to Rs 124.43 crore as compared to the Rs 114.42 crore in Q4-2014 and was 6.5 per cent more than the Rs 116.79 crore in Q3-2015.
ENIL total expense (TE) in FY-2015 at Rs 326.02 crore (74.4 per cent of TIO) was 11.8 per cent lower than the Rs 291.64 crore (75.9 per cent of TIO) in FY-2014. TE in Q4-2015 at Rs 98.06 crore (78.8 per cent of TIO) was 7.9 per cent more than the Rs 90.87 crore (79.4 per cent of TIO) and was 21.8 per cent more than the Rs 80.53 crore (69 per cent of TIO) in the trailing quarter.
ENIL paid 7.7 per cent higher license fee in FY-2015 at Rs 21.79 crore (5 per cent of TIO) as compared to the Rs 20.24 crore (5.3 per cent of TIO) in the previous year. License Fee in Q4-2015 increased 5.1 per cent to Rs 4.23 crore (3.4 per cent of TIO) as compared to the Rs 4.03 crore (3.5 per cent of TIO) in the corresponding year ago quarter and was 7 per cent more than the Rs 3.96 crore (3.4 per cent of TIO) in Q3-2015.
The company’s marketing expense in FY-2015 at Rs 75.76 crore (17.3 per cent of TIO) was 24.6 per cent more than the Rs 60.82 crore (15.8 per cent of TIO) in FY-2015. Q4-2015 marketing expense at Rs 31.57 crore (25.4 per cent of TIO) was 4.1 per cent lower than the Rs 32.91 crore (28.8 per cent of TIO), but was 54.2 per cent higher than the Rs 20.47 crore (17.5 per cent of TIO) in Q3-2015.
Employee Benefit Expense (EBE) in FY-2015 at Rs 82.76 crore (18.9 per cent of TIO) was 10 per cent more than the Rs 75.22 crore (19.6 per cent of TIO) in the previous year. EBE in Q4-2015 at Rs 20.98 crore (16.9 per cent of TIO) was 9.4 per cent more than the Rs 19.17 crore (16.8 per cent of TIO) in Q4-2014, but 1.1 per cent lower than the Rs 21.21 crore (18.2 per cent of TIO) in the immediate trailing quarter.
ENIL managing director and CEO Prashant Panday said, “It is a very happy feeling for all Mirchi folks that the company they created has entered the Rs 100 crore PAT club! Our sustained focus on cost management as well as better sales in our radio, TV properties, and activations businesses has helped reach this milestone. We see the future even brighter with Phase III auctions coming up next month. This opportunity to expand is coming after nearly 10 years and we plan to make the most of it. Overall, Mirchi remains the strongest brand in radio with a 33-35 per cent share of the revenue market in its cities and a listenership lead across most of its 32 cities”.
