Mirchi logs 46% revenue jump in Q2 to Rs 68.81 Cr

Entertainment Network (India) Ltd (ENIL NSE -1.41 %), which operates India’s leading private FM brand Mirchi, on Tuesday posted a 46.3% increase in second quarter standalone operating revenue at ₹68.81 crore.

The core radio business recorded a strong 50% growth rate, while the solutions business witnessed a 51% jump. With a bounceback in revenues and a cost-control initiative in place, the company also turned Ebitda positive and posted an operating profit of ₹8.9 crore for the quarter ended September.