Entertainment Network (India) Reports Mixed Q1 Results with Digital Growth 3 days ago
Entertainment Network (India) Limited (ENIL) reported a 3.2% year-on-year increase in standalone total income to ₹1,129.60 crore. Digital revenue grew significantly, contributing 40.7% of radio revenue. Despite revenue growth, ENIL posted a standalone net loss of ₹51.40 crore, slightly improved from last year. EBITDA grew by 3.6% to ₹61.90 crore. The company's digital platform, Mirchi Digital, showed strong user engagement with over 92 million monthly active users. ENIL maintains a consolidated net cash reserve of ₹349.00 crore. The Events and Solutions business grew by 33%, while core radio advertising remained subdued.
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