Entertainment Network (India) Limited has released the transcript of its Q4 FY26 earnings conference call held on May 18, 2026. The management discussed the financial performance for the quarter and year ended March 31, 2026, highlighting the significant growth in the digital segment and the impact of geopolitical tensions on the non-FCT business.

Business Highlights

ENIL delivered consolidated revenues of ₹565 crore for FY26, a growth of 3.9% year-on-year. Domestic revenues rose 4.0% to ₹548 crore. The existing business revenue for the full year stood at ₹4,350.8 Mn, delivering an EBITDA of ₹762.0 Mn at a margin of 18%. For Q4 FY26, consolidated revenues stood at ₹142 crore with domestic revenues at ₹139 crore. Radio volume market share for Q4 remained steady at 25.3%, reinforcing continued leadership in the segment. The balance sheet remained healthy, with consolidated and standalone cash balances standing at ₹4.24 Bn and ₹4.04 Bn, respectively, as of March 31, 2026.

The digital business was the standout performer of FY26, recording revenues of ₹112.4 crore, a growth of 84% year-on-year. Digital revenue as a percentage of core radio grew to 48.4% from 26.3% year-on-year for the full year. Gaana continued to gain traction through an expanded user base and stronger engagement, while digital spends reduced by 23%, reflecting improving unit economics. The international business reported revenue of ₹184.4 Mn for the full year.

Operational Updates

During the call, management noted that the non-FCT segment faced challenges in Q4 FY26 due to macroeconomic and geopolitical issues, leading to event disruptions and execution delays. The radio segment maintained a volume market share of 25.2% despite subdued industry demand. The company remains focused on profitable growth for its digital subscription business, targeting breakeven in FY27. Management also addressed an income tax demand of ₹113 crores for FY 2023-24, stating the company is confident in its appeal.

Standalone Financial Performance

On a standalone basis, Entertainment Network (India) Limited reported a net loss of ₹564.04 lakhs for FY26, compared to a net profit of ₹1,180.95 lakhs in the previous year. Total revenue from operations rose to ₹54,747.21 lakhs from ₹52,639.50 lakhs. However, total expenses increased to ₹59,934.65 lakhs from ₹54,487.81 lakhs, driven by higher production and other expenses. The company recorded exceptional items of ₹970.48 lakhs for the full year.

Consolidated Financial Performance

On a consolidated basis, the group reported a net loss of ₹739.28 lakhs for FY26, compared to a net profit of ₹1,195.15 lakhs in FY25. Consolidated total revenue from operations grew to ₹56,517.15 lakhs from ₹54,414.56 lakhs. Total consolidated expenses rose to ₹61,930.75 lakhs from ₹56,314.80 lakhs.

Key Corporate Disclosures

The Board recommended a dividend of ₹2.00 per equity share of ₹10 each, aggregating ₹953.41 lakhs, subject to shareholder approval. The company entered into a Term Sheet with Abhijit Realtors & Infraventures Private Limited for the proposed transfer of assets relating to four FM Radio Stations for a consideration of ₹1,960.00 lakhs plus applicable taxes.

Bennett, Coleman & Company Limited has submitted a regulatory disclosure to stock exchanges regarding its substantial shareholding in Entertainment Network (India) Limited, confirming no encumbrances on its equity stake during the recently concluded financial year.

Shareholding Declaration Details

The disclosure, made pursuant to Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, provides key information about Bennett Coleman's position as a promoter of the target company.

Regulatory Compliance Framework

The disclosure was submitted to both major Indian stock exchanges on April 2, 2026, fulfilling the mandatory reporting requirements under SEBI takeover regulations. Bennett Coleman, as the promoter entity along with persons acting in concert, confirmed that no encumbrances were made on the declared shares either directly or indirectly during the financial year ended March 31, 2026.

Corporate Communication Structure

The formal communication was signed by Chanda Makhija Thadani, Company Secretary of Bennett, Coleman & Company Limited, and copied to the Audit Committee of Entertainment Network (India) Limited. For any queries related to this disclosure, the company has designated Mr. Mehul Shah as the contact person.

Company Background

Bennett, Coleman & Company Limited operates from its registered office at The Times of India Building, Dr. D.N. Road, Mumbai, with Corporate Identity Number U22120MH1913PLC000391. The target company, Entertainment Network (India) Limited, is part of The Times Group and operates from Sunteck Icon, Santacruz East, Mumbai.

This disclosure represents standard regulatory compliance for substantial shareholders and demonstrates transparency in corporate shareholding structures as mandated by Indian securities regulations.