Visit http://indiaer.blogspot.com/ for complete details ENIL (Rating – Hold, Target Price – Rs 210)
With the OOH business sold off to the parent company, the results will not be comparable on a
YoY and QoQ basis.
In the radio business, we expect marginal improvement in utilization rates in newer stations,
while there should be a significant increase in the ad prices on back of a price hike that should
bolster revenues.
We expect net sales of Rs710mn and an EBITDA of Rs143mn for the quarter. The main trigger for
the company still remains the next phase of the radio license auctioning, which is expected in
the coming quarter.
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