Esha Media posts 110% rise in FY13 net profit to Rs 74.30 lakhs

Media monitoring company – Esha Media Research Ltd has reported a 110% rise in net profit to Rs 74.30 lakhs for 2012-13 (Apr-Mar) compared to Rs 35.38 lakhs in the previous year.

Revenue for the year rose by 91% to Rs 2139.56 lakhs from Rs 1115.73 lakhs last year.

“Our web based solutions have started giving us the desired results with rising volume contributing to our increased turnover. Hence though our EBITDA margins have declined to 18.5% from 26%, we have been able to successfully drive profits by increasing revenues and passing on the benefit to the customer,” said RS Iyer, managing director of Esha Media Research Ltd.

Esha Media will continue to play the volume game by maintaining the current trend of growth for 2013-14 and plans to enter other segments of media monitoring including social media, print media and internet, Iyer said.

As a result of its profit growth, the company has been able to narrow down its negative reserves and surplus to Rs 194.85 lakhs from Rs 249.24 lakhs.

Total expenditure for the year rose to Rs 2,060.49 crore from Rs 1,059.05 crore last year.

For the quarter ended March 31, the company posted a net profit of Rs 7.51 lakhs on revenue of Rs 591.61 lakhs.

BSE-listed EMRL (Esha Media Research Limited) (BSE Scrip Code 531259) is India's fully-integrated broadcast news monitoring agency and tracks over 130 channels beamed into India providing customized solutions. These solutions are an invaluable tool for those involved in corporate communications, public affairs, public relations and media relations as these customizes news reports provide clients with timely information to  drive their decision-making process.