Entertainment Network (India) Limited (ENIL), the company behind Radio Mirchi, has reported a 3.2% year-on-year growth in domestic revenue, reaching Rs. 113.00 crores. The company's financial results reveal a mixed performance across its various segments, with digital and non-FCT businesses showing strong growth while the traditional radio segment faced challenges.

Digital Segment Leads Growth

The digital segment emerged as the star performer for ENIL, registering a robust 41.2% year-on-year growth. Gaana, the company's music streaming platform, saw its revenue surge by 87.6% to Rs. 18.00 crores, contributing a significant 40.7% to total radio revenues. This marks a substantial increase from its 24.8% contribution in the same quarter last year.

Non-FCT Segment Shows Strong Performance

The non-FCT (Free Commercial Time) segment also demonstrated impressive growth, with revenues increasing by 33% year-on-year to Rs. 25.20 crores. This segment maintained a healthy EBITDA margin of 43.4%.

Radio FCT Advertising Faces Headwinds

Despite growth in other areas, the radio FCT advertising segment experienced a decline. Revenue in this segment fell by 12.1% to Rs. 66.10 crores, primarily due to a high base effect from the previous year's political advertising and current geopolitical headwinds. However, ENIL maintained a strong 25.4% volume share in the Radio FCT segment.

Financial Highlights

• EBITDA stood at Rs. 6.20 crores, showing a 3.6% year-on-year growth.
• EBITDA excluding digital investments was Rs. 16.00 crores with a margin of 17.5%.
• Profit After Tax (PAT) for the quarter was Rs. 1.00 crore.
• The company maintains a robust balance sheet with a cash balance of Rs. 336.00 crores as of June 30, 2025.

Digital Investments and Future Outlook

ENIL has been strategically managing its digital investments, which decreased to Rs. 9.80 crores from Rs. 14.20 crores in the previous year. The company expects Gaana to break even by early next year, indicating confidence in its digital strategy.

Event Business Growth

The event business grew by 58% despite some cancellations due to geopolitical situations. Management expects significant expansion in the events business for the remainder of the fiscal year.

Management Commentary

Yatish Mehrishi, CEO of Entertainment Network (India) Limited, commented on the results: "We remain committed to driving profitable growth and returns for our shareholders. Our focus on transforming ENIL from just a radio company to a multimedia entertainment network is yielding results, with our digital and non-FCT segments showing strong growth."

Looking ahead, the management expects modest growth in the radio business and anticipates that by the end of the fiscal year, revenues from events and Gaana combined could potentially match or exceed traditional radio revenues.

As ENIL continues to diversify its revenue streams and capitalize on the growing digital and experiential entertainment markets, the company appears well-positioned to navigate the evolving media landscape.

Entertainment Network (India) Limited (ENIL), the operator of India's #1 FM radio channel Radio Mirchi and premier Audio Streaming Platform Gaana, has reported mixed financial results for the first quarter.

Revenue Growth and Digital Expansion

ENIL's standalone total income increased by 3.2% year-on-year to ₹1,129.60 crore, up from ₹1,094.60 crore in the same quarter last year. The company's digital revenue showed significant growth, contributing ₹256.60 crore, which represents 40.7% of radio revenue. This marks a substantial increase from 24.8% in the same quarter last year, highlighting the company's successful digital transformation strategy.

Profitability and EBITDA

Despite the revenue growth, ENIL reported a standalone net loss of ₹51.40 crore for the quarter. However, this represents a slight improvement from the net loss of ₹53.70 crore in the same period last year. The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) grew by 3.6% to ₹61.90 crore, up from ₹59.70 crore in the previous year.

Consolidated Performance

On a consolidated basis, ENIL's total income rose by 3.0% to ₹1,169.40 crore, with EBITDA reaching ₹75.70 crore. The international segment contributed positively with revenues of ₹41.00 crore and a positive EBITDA.

Digital Platform Success

ENIL's digital platform, Mirchi Digital, reported impressive user engagement metrics:

• Over 92 million monthly active users
• 39.7 million YouTube followers
• 20.8 million Facebook followers
• 7.9 million Instagram followers

Strong Financial Position

The company maintains a robust financial position with a consolidated net cash reserve of ₹349.00 crore as of the end of the quarter.

Management Commentary

Mr. Yatish Mehrishi, CEO of ENIL, commented on the results: "In a quarter marked by industry challenges and market volatility, our strategy of transformation from only Radio to Multimedia company has delivered promising results. Our Events and Solutions business grew a strong 33% in Q1, supported by our continued focus on solution-based offerings. Our digital business, which registered a 41.2% growth, continues to gain momentum."

Segment Performance

The company's Events and Solutions business showed strong growth of 33% in the quarter. However, the core radio advertising segment remained subdued, primarily due to the high base effect from the same quarter last year, which had seen a one-time boost from political advertising during the previous year's general elections.

Future Outlook

With improved cost efficiency and a sharpened focus on multi-platform expansion, ENIL appears well-positioned to capture emerging opportunities in the evolving media landscape. The company's strategic shift towards digital and non-FCT (Fixed Commercial Time) revenue streams is showing positive results, helping to offset challenges in the traditional radio advertising market.

As ENIL continues to navigate the changing media consumption patterns, its diversified approach and strong digital growth provide a foundation for potential future success in the competitive entertainment and media industry.