ENIL REVENUE RISES 13.6% TO 500 CRORE FOR FY24

MUMBAI: Entertainment Network (India) Ltd, the operator of Radio Mirchi, reported a net revenue of 149.3 crore for the fourth quarter of FY24, marking a 42.4% increase compared to the same quarter of FY23.

Radio revenue witnessed growth of 26.4% in the fourth quarter of FY24, while non-FCT revenue surged by 48.1%, according to a company statement. It added that throughout FY24, radio experienced growth of 10.8%, whereas non-FCT grew by 8%. Consolidated revenues for FY24 reached 500 crore, a 13.6% year-on-year growth. EBITDA (excluding digital) for FY24 reached 125.4 cr, a 34.5% year-on-year increase, largely fueled by robust top-line growth and operational efficiencies. In the fourth quarter, EBITDA (excluding digital) stood at 36 crore, up from 23 crore in the fourth quarter of 2023.