Radio Mirchi, which is operated by Entertainment Network India Limited (ENIL), reported a net profit growth of 23.3 percent for Financial Year 2014.

Its profit after tax (PAT) for the year ended March 31, 2014 stood at $14.21 million (Rs. 834 milion) compared to $11.53 million (Rs. 677 million) in FY13.

Revenues rose by 13.7 percent at $65.5 million (Rs. 3.85 billion), compared to $57.6 million (Rs. 3.38 billion) in the last financial year.

Considering its consistently good performance and strong cash position, the board of directors have recommended a dividend of 10 percent.

Commenting on the results, Mr. Prashant Panday, ED & CEO, ENIL, said: “It’s been a very satisfactory year. During the year, we strengthened our revenue market share, did exciting things with our brand and launched a new property, the Mirchi Top 20.”