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.

Entertainment Network (India) Limited (ENIL), the operator of India's leading FM radio channel Radio Mirchi and audio streaming platform Gaana, has reported its financial results for the first quarter of fiscal year 2026, showcasing its ongoing strategic shift towards digital platforms and events.

Financial Highlights

ENIL reported consolidated revenues of ₹117.00 crores for Q1FY26, marking a 3.00% year-on-year growth. The company's EBITDA grew by 3.60% to ₹6.20 crores, reflecting its successful diversification strategy in a challenging market environment.

Digital Growth Momentum

The company's digital business continued its strong upward trajectory, with revenues reaching ₹21.70 crores. This now represents 40.70% of ENIL's core radio advertising revenue, a significant increase from 24.80% in Q1FY25. The growth was primarily driven by Gaana's strong user traction and improved efficiency, with reduced investment in the digital business.

Events and Solutions Business Surge

ENIL's Events and Solutions business demonstrated robust growth, increasing by 33.00% in Q1. This performance underscores the company's successful focus on solution-based offerings and diversification beyond traditional radio advertising.

Strategic Transformation

Mr. Yatish Mehrishi, CEO of ENIL, commented on the company's performance: "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."

Digital Platforms and Events: Key Growth Drivers

The company is accelerating its multimedia transformation strategy, with digital platforms and events identified as key drivers for its next growth phase. Gaana, ENIL's audio streaming platform, is witnessing robust subscription uptake and consumer engagement, signaling growing user alignment.

Outlook

With improved cost efficiency and a sharpened focus on multi-platform expansion, ENIL is positioning itself to capture emerging opportunities in the evolving media landscape. The company's balance sheet remains strong, with a cash reserve of ₹349.00 crores as of June 30, 2025.

As Entertainment Network (India) continues its strategic shift towards digital and events, the company appears well-positioned to navigate the changing dynamics of the media industry and capitalize on new growth opportunities.