Radio Mirchi Q3 net down 26.7% to Rs 182 mn

MUMBAI: India?s leading FM radio company, Entertainment Network (India) Ltd (ENIL), has reported a 26.7 per cent fall in its net profit for the quarter ended 31 December 2011.

ENIL, which runs private FM radio brand Radio Mirchi, has posted a standalone net profit of Rs 182.11 million for the third quarter, down from Rs 248.85 million in the earlier year.

Total income during the quarter under review fell 2.45 per cent to Rs 755.94 million, compared with Rs 774.90 million in the year-ago period.

The company?s profit from operations (before other income, interest and exceptional items) stood at Rs 228.20 million, up 15.58 per cent.

On a consolidated basis, ENIL reported a net profit of Rs 183.76 million on a revenue of Rs 768.07 million.

ENIL shares closed at Rs 218.5, down 0.23 per cent on the BSE.