Analyst / Investor Conference Call - August 03, 2006
Page 1 of 25
ENTERTAINMENT NETWORK (India) Limited
Analyst / Investor Conference Call - August 03, 2006
Results - Quarter ended June 30, 2006
Moderator: Good afternoon ladies and gentlemen, I am Parimala, the moderator for
this conference. Welcome to Entertainment Network Q&A conference call. For the
duration of the presentation, all participants’ lines will be in the listen-only mode. I
will be standing by for the question and answer session. I would like to hand over to
Mr. AP Parigi of Entertainment Network. Thank you, and over to you sir.
AP Parigi: This is to formally welcome you to the Entertainment Network (India)
Limited quarterly results review. I have here with me 3 of my colleagues; I have the
deputy Chief Executive Officer of ENIL Mr. Pandey, Senior Vice President Finance,
Mr. Saurav Banerjee, and the Corporate Group Business and Strategy Analyst Dalpat
Jain. We will now go ahead with the presentation. I presume that all of you have
been able to receive and download the presentation that Dalpat has mailed to you.
In short, the quarterly results have been robust and highly encouraging, particularly
when we compare the first quarter FY 2007 with the first quarter FY 2006. We have
achieved substantial growth rate on a year-on-year basis and even in terms of
EBIDTA and net profit. On a year-on-year basis, revenues increased by about 69.2%
and the EBIDTA margin stood at 16.8%. I would like to add that when we compare
Q1FY07 with Q1FY06, we have been able to add 3 new radio stations to 7 operating
radio stations in the first quarter last year. If one was to compare the performance on
a like to like basis, i.e. compare the performance of 7 stations in Q1FY06 with 7
stations in Q1FY07, which gives us a growth rate of a 55% increase in EBIDTA; a
30.5% margins and a 47% increase in revenues. That sums up the overview of the
financial highlights.
We had certain other interesting developments, which we wish to