Commenting on the results, Mr. Prashant Panday, MD & CEO, ENIL, said "The radio sector has again turned out an impressive performance, not surprising considering that it accounts for more than 30% of media consumption time, but gets only 5-6% of advertising revenues. We believe radio will continue to grow faster than other media in the future as well.

We are excited that the PM himself believes so strongly in radio, and hope that the Ministry of I&B under Mr. Arun Jaitley will quickly complete the auctions process commenced by Mr. Prakash Javadekar. Overall, we remain buoyant about radio's prospects in the years to come"

Retained market leadership with approximately 32%-34% share in the All India Radio business.

Free cash as on Sep 2014 stood at Rs.485 crore.

Performance for the half year ended Sep 2014

For the half year ended Sep'14, consolidated net sales was up by 15% to Rs 197.63 crore, OPM was up by 160 bps to 33.7% resulting in a 21% increase in OP to Rs 66.51 crore. Other income was up by 38% to Rs 15.10 crore. After providing for interest and depreciation of Rs 0.03 crore and Rs 16.35 cror, PBT stood at Rs 65.23 crore, up by 30% YoY. After providing total tax of Rs 17.58 crore, up by 27%, PAT for the half year ended Sep'14 stood at Rs 47.65 crore, up by 31% YoY.

Performance for the year ended March 2014

The company has reported 13% incline in operating revenues at consolidated level to Rs 384.81 crore. OPM was up by 170 bps to 32.5%. As a result, the operating profit was up by 20% to Rs 124.89 crore. The consolidated net profit was up by 22% to Rs 83.62 crore.

On standalone basis, the company's net sales were up by 14% to Rs 384.81 crore driven by volume, effective rate hike and multiple income streams. OPM increased by 170 bps to 32.5% mainly due to fall in employee cost by 220 bps to 19.5% and other expenditure by 80 bps to 17.2% of sales. Other expenses in previous year included brand capital write back of Rs 5.89 crore. The operating profit was up by 20% to Rs 124.98 crore.

Other income stood at Rs 22.36 crore, up 32%. Depreciation and amortization was almost stagnant at Rs 31.81 crore. The profit before tax was up by 29% to Rs 115.5 crore.

Tax outgo increased by 47% to Rs 32.05 crore. Tax rate was around 27.74%, up from 24.34%. The net profit was up by 23% to Rs 83.45 crore due to increase in operating margin and other income.

The promoter holding stood at 71.15%.

The share is trading at Rs 520 on BSE