ENIL income from outside India grows as other numbers plummet in first quarter

Loss for Q1 2021 widened to Rs 12 crore from Rs 1.60 crore in the previous quarter due to COVID201

BENGALURU: Indian private FM player Entertainment Network (India) Ltd (ENIL), which runs the Mirchi brand radio network in India, reported 71.7 percent fall in consolidated Total Income from Operations (TIO) for the quarter ended 30 June 2020 (Q1 2021, quarter or period under review) as compared to the corresponding year ago quarter (Q1 2020). The company reported consolidated revenue of Rs 38.46 crore for the quarter as compared to Rs 130.52 crore in the corresponding quarter of the previous fiscal. Quarter-on-quarter (q-o-q), revenue in Q 2021 also fell 75.3 percent from Rs 149.63 crore in Q4 2020.

Break up of operating revenue from India was Rs 27.28 for Q1 2021, which was 78.9 percent lower y-o-y than the Rs 129.41 crore in Q1 2020 and was 81.2 percent lower q-o-q than Rs 145.02 crore in the immediate trailing quarter Q4 2020.

Operating revenue from outside India in Q1 2021 almost quadrupled (increased 271.7 percent) y-o-y to Rs 11.18 percent (29.1 percent of operating revenue) from Rs 3.01 crore (2.3 percent of operating revenue) in Q1 2020 and increased 60.4 percent q-o-q from Rs 6.82 crore (4.5 percent of operating revenue) in Q4 2020.

ENIL reported a consolidated loss of Rs 12.18 crore for Q1 2021 as compared to a profit after tax (PAT) of Rs 2.64 crore in Q1 2020 and a lower loss of Rs 1.60 crore in Q4 2020.

ENIL’s consolidated Earnings before Interest, Depreciation, Taxes and Amortisation (EBITDA, operating profit or operating loss) for Q1 2020 was a loss of Rs 25.94 crore as compared to operating profit of Rs 33.06 crore (25 percent of operating revenue) in Q1 2020 and an operating profit of Rs 22.99 crore (15.1 percent of operating revenue) in the immediate trailing quarter.

Let us look at the other numbers reported by ENIL

ENIL total expense (TE) in Q1 2020 reduced 26.9 percent y-o-y to Rs 94.41 crore from Rs 129.19 crore in Q1 2020, and fell 41.2 percent q-o-q from Rs 160.42 crore in Q4 2020.

Production expense for the period under review declined 52.7 percent y-o-y to Rs 13.60 crore from Rs 28.77 crore in Q 2020 and fell 73.9 percent q-o-q from Rs 52.04 crore in Q4 2020.

License fee in Q1 2021 was 12 percent lower y-o-y at Rs 7.87 crore crore as compared to Rs 8.95 crore in the corresponding year ago quarter and fell 14 percent q-o-q from Rs 9.15 crore in the immediate trailing quarter Q4 2020.

Employee Benefit Expense (EBE) in Q1 2021 at Rs 26.30 crore fell 25.9 percent y-o-y from Rs 35.49 crore in Q1 2020 and declined 17 percent q-o-q from Rs 31.68 crore (20.7 percent of TIO).

Finance costs in Q1 2020 declined 3 percent y-o-y to Rs 4.72 crore from Rs 4.86 crore in Q1 2020 and was almost flat (increased 0.4 percent) from Rs 4.70 crore in Q4 2020.

Other expenses in Q1 2021 at Rs 16.64 crore declined 35.4 percent y-o-y from Rs 26.15 crore in Q1 2020 and were 53.8 percent lower q-o-q from Rs 35.97 crore in Q4 2020).

Note: The unit of currency in this report is the Indian rupee - Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

(a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

(b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

Latest Reads
200 million tuned in to watch the opening match of IPL: Jay Shah, BCCI

Season 13 of the Indian Premier League has opened to a grand start with millions of audiences across the world watching it on their television and mobile screens. It is one of the biggest live sports events that is happening after a gap of nearly six months. The matches are played in UAE. Star...

Television TV Channels Sports
GoQuest Media signs international distribution rights for RATS

MUMBAI: Global independent content distributor GoQuest Media has partnered with Czech production company Heaven’s Gate to take the international distribution rights for the gripping crime thriller RATS (6 x 55') - a bold, hard-hitting drama about the Czech drug trade.

Television Production House Post Production
Leadership secrets & wisdom from Viacom18

Earlier this year during the thick of the lockdown due to the pandemic, Viacom18 CEO Sudhanshu Vats announced that he was moving on from the organisation he headed for around eight years. Earlier, in 2019, his deputy COO Raj Nayak too departed from a company he was associated with for seven years.

Television TV Channels Viewership
Ten brands partner with season 12 of Kaun Banega Crorepati

MUMBAI: Celebrating two decades of unparalleled success and popularity, Kaun Banega Crorepati not only emerged as a game-changer for the Indian television industry but also instilled a larger focus on the power of knowledge being a great leveler. In its twelfth season, the show makes a comeback...

Television TV Channels GECs
Chrome DM week 37: English Movie emerges as top gainer

MUMBAI: After seeing a marginal growth in week 36, various genres in the broadcasting segment have witnessed noticeable growth in week 37. English movie genre has become the top gainer in week 37, 2020 of Chrome Data Analytics and Media data. The genre has grown by 2.57 per cent. Among English...

Television TV Channels Viewership
Pad Up For An Innings Of Unrivalled Thrills As &flix Presents Flix Movie League

The much-awaited moment has arrived as one of the biggest sporting leagues finally takes centre stage. But that’s not all! As you welcome back your beloved cricketers on field, it’s also time to root for your favourite heroes on screen with Flix Movie League on &flix. The stage is set for the...

Television TV Channels English Entertainment
Enterr10 Television strengthens its Bhojpuri play with Enterr10 Rangeela

MUMBAI: In a bid to expand its presence across India and strengthen its foothold in existing markets, leading broadcaster Enterr10 Television announces the launch Enterr10 Rangeela, its second offering in the Bhojpuri region. Enterr10 Rangeela is a Bhojpuri language General Entertainment Channel....

Television TV Channels Movie Channels
Now you see him…now you don’t - the Invisible Hero,

MUMBAI: Sony SAB is all set to enthral the audience with the launch of its brand new offering 'Hero - Gayab Mode On'. The show slated for release in November is one of its kind and the first-ever show on Indian television that brings the best of science fiction and mythology together, where the...

Television TV Channels GECs

Sign up for our Newsletter

subscribe for latest stories

* indicates required