Hot Pursuit     31-Jan-12
ENIL in spotlight on turnaround Q3 outcome
Entertainment Network (India) advanced 2.25% to Rs 222.50 at 10:26 IST on BSE after the company reported consolidated net profit of Rs 18.38 crore in Q3 December 2011 compared with net loss of Rs 5.24 crore in Q3 December 2010.

The result was announced after market hours on Monday, 30 January 2012.

Meanwhile, the BSE Sensex was up 182.86 points, or 1.08%, to 17,046.16

The counter clocked volume of 15,162 shares on the BSE as compared with an average daily volume of 7,378 shares on BSE in past one quarter.

The stock hit a high of Rs 229 and a low of Rs 220.25 so far during the day. The stock had hit a 52-week high of Rs 295.90 on 8 July 2011 and a 52-week low of Rs 194 on 19 January 2012.

The scrip had underperformed the market over the past one month till 30 January 2012, falling 1.49% compared with the Sensex's 9.11% rise. The scrip also underperformed the market in past one quarter, sliding 15.31% as against 5.29% decline in the Sensex.

The mid-cap radio broadcasting company has an equity capital of Rs 47.67 crore. Face value per share is Rs 10.

On a consolidated basis, Entertainment Network (India) (ENIL's) net sales declined 47.4% to Rs 75.13 crore in Q3 December 2011 over Q3 December 2010.

ENIL said the consolidated results are not comparable as it included results of subsidiary Alternate Brand Solutions (India) (ABSL) which is consolidated in accordance with Accounting Standard 21. The consolidated results for the corresponding periods of the previous year also included the results of Times Innovative Media (TIM) and TIM Delhi Airport Advertising (TIMDAA).TIM and TIMDAA ceased to be the subsidiaries of the company with effect from 29 December 2010.

ENIL operates in the radio broadcasting segment, out-of-home media segment and experiential marketing segment.

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