Entertainment Network India Ltd posts Q1 net loss of Rs 11.36 cr
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The company reported standalone net loss during the quarter stood at Rs 11.36 crore as compared to net loss of Rs 27.75 crore in the previous year quarter. Net revenue of the company rose triple digit by 144.93 per cent at Rs 95.13 crore in April-June quarter of this fiscal as against Rs 38.84 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 56.55 per cent to Rs 90.11 crore from Rs 57.56 crore in year ago period. Other Income dipped by 20.07 per cent at Rs 4.34 crore versus (Jun'21 Rs 5.43 crore). Operating Profit surged by 127.90 per cent to Rs 5.22 crore as against Rs -18.71 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 111.39 per cent in June quarter. Interest declined by 2.26 per cent y-o-y to Rs 3.90 crore, while Taxation decreased by 77.24 per cent at Rs -2.08 crore (Jun'21 Rs -9.14 crore).
