Radio Mirchi Reports Strong Results; PAT Grows 42%

Entertainment Network (India) Ltd., India’s leading Private FM Radio operator, popularly known as Radio Mirchi, today reported a net profit growth of 41.9%. Profit after tax (PAT) of the Company for the quarter ended September 30, 2014 stood at Rs. 23.3 crores compared to Rs. 16.4 crores in Q2FY14. Revenues for Q2FY15 stood at Rs. 104.4crores, compared to Rs. 86.5 crores in Q2FY14, up 20.6% over the previous year. The Company’s Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) stood at Rs. 31.7crores, up 25.3%. The Company’s EBITDA margin improved from 29.2% in Q2FY14 to 30.3% during the current quarter.

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”

About ENIL: (BSE Code: 532700) (NSE Code: ENIL)

Entertainment Network (India) Limited (ENIL) is a leading city-centric media company and is listed on the BSE and NSE. Incorporated in June 1999, ENIL operates FM radio broadcasting stations through the brand Radio Mirchi in 32 Indian cities and is headquartered in Mumbai. The promoter of ENIL, Bennett, Coleman & Co. Limited, is the flagship company of The Times Group, which has a heritage of 175 years and is one of India’s leading media groups.

For More Information Please Contact:

Dalpat Jain - + 91 22 6753 6919

dalpatraj.jain@timesgroup.com

Entertainment Network (India) Ltd.

Dhiraj Rajpal - +91 (22) 6757 4351

dhiraj.rajpal@adfactorspr.com

Adfactors PR Pvt. Ltd.