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.
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.
