ENIL posts Q1 revenue of ₹117 cr
Domestic revenues rose 3.2% to ₹113 crore, supported by growth in the events, solutions, and digital segments. Ebitda for the quarter stood at ₹6.2 crore, up 3.6% from the same period last year.
ENIL operates
Radio Mirchi
, which runs FM radio stations in 63 Indian cities, and owns the audio streaming platform Gaana.
Radio advertising remained subdued, largely due to a high base in Q1 FY25, which saw one-time political advertising during the general elections. Ebitda, excluding the digital business, came in at ₹16 crore, with a margin of 17.5%.
The digital segment reported revenues of ₹21.7 crore, accounting for 40.7% of ENIL's core radio advertising revenue, compared with 24.8% in the same quarter last year.
Investments in the segment declined to ₹9.8 crore from ₹14.2 crore in the year-ago period. The international segment also reported a positive contribution, with revenues of ₹4.1 crore and a positive Ebitda.
'In a quarter marked by industry challenges and market volatility, our strategy to evolve from a radio-only company to a multimedia business has delivered promising results. Our Events and Solutions segment grew by a strong 33% in Q1, supported by our continued focus on solution-based offerings,' said Yatish Mehrishi, CEO of ENIL.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
7 minutes ago
- Economic Times
Classic Legends to rev up exports, accelerate domestic network expansion
Premium motorcycle maker Classic Legends, owner of iconic brands Yezdi, Jawa and BSA, is revving up its international ride with exports slated to start this year to markets including the UK, Europe, Australia, Japan, and Latin America, while also accelerating domestic network expansion, its top officials said on Tuesday. A part of the Mahindra Group, the company, which launched its new model 2025 Yezdi Roadster priced between Rs 2.09 lakh and Rs 2.26 lakh (ex-showroom Delhi) here, has, however, paused plans to launch its BSA bikes in the US due to the current tariff uncertainty, Classic Legends MD & Co-Founder Anupam Thareja told PTI here. In a joint interview, Classic Legends Chief Business Officer, Sharad Agarwal said the company is looking to double its overall sales this year to around 80,000 units from about 40,000 units annually clocked last year. "We are building a global distribution (network). We have launched BSA Bantam in the UK. We are sold out there now for the season," Thareja said when asked about the company's overseas expansion plans. Elaborating, he said, "We signed up Italy, Spain, Germany, France, Austria. We are signing up Australia. We have already signed up New Zealand." The BSA brand will target the developed markets such as Japan, Australia, New Zealand, the whole of Europe, the UK and the US, he noted. Thareja, however, said the plans to launch it in the US has been paused due to the current uncertainty after the US President decided to impose tariff amounting to a total of 50 per cent Indian goods. "US, I have no idea... Our bikes are on high seas. Our bikes are at customs there. We don't know what to do," he said, when asked about the expected dates of launch in the US. It could have been a big market because when BSA was the largest motorcycle brand in the world, USA was its largest market, he noted. Sharing the company's strategy for export markets, Thareja said while BSA will be exported to the developed markets, Jawa will target markets in Eastern Europe, Latin America, including Brazil, Argentine and Chile, and part of North Africa, where Jawa was very popular. "This will be the year where you will see our exports start," he asserted. In the domestic market, both Yezdi and Jawa are being sold along with a small quantity of the BSA model, Agarwal said. About overall sales expectations, he said, "This year we will the double our volumes. Last year, we did around the 40,000 units." In term of domestic sales network, Agarwal said the company has over 350 dealers and will be over 450 around the festive season of Diwali. "We aim to close this year with over 500 dealers and that will technically cover 80 per cent of the volumes in the sector," he added. The company will have sales and service network in the top 40 markets, the next 150 cities and key tier-III cities, Agarwal said. For this year, the company has launched four models, including the Yezdi Roadster, and another one will be introduced, he said without elaborating. Speaking at the launch event, Mahindra Group Chairman Anand Mahindra said Classic Legends is giving the Yezdi brand "the power to speak two languages" -- one, the language of memory, for those who remember it, who experienced it, who loved it "and the other language is the language of aspiration, who are going to take this forward in the future," he noted. The efforts would be to offer young customers not just a product but one that is authentic, that has depth, history and has the credibility, that a startup brand cannot offer, Mahindra noted.
&w=3840&q=100)
Business Standard
7 minutes ago
- Business Standard
Diamond, shrimp, home textiles to be hardest hit by US tariffs: Crisil
Diamond polishing, shrimp, home textiles, and carpets are among the sectors most vulnerable to the adverse effects of the 50 per cent tariffs that the United States (US) plans to impose on Indian imports, Crisil said in a report. The US administration currently levies a 25 per cent tariff on Indian imports. An additional 25 per cent tariff — to take effect two weeks from now as a penalty for India's purchase of Russian crude oil — will take the cumulative additional tariff to 50 per cent. For other sectors such as ready-made garments (RMG), agrochemicals, specialty chemicals, and capital goods, the impact of the 25 per cent reciprocal tariff is likely to be more manageable, given moderate US exposure of 5–20 per cent of overall revenue, and a limited tariff disadvantage that may allow companies to partly pass on the impact to customers. 'Additionally, the move to impose an additional 25 per cent tariff with effect from August 27, 2025, as a penalty for importing crude oil from Russia, will make Indian exports to the US unviable for the aforesaid (diamond polishing, shrimp, home textiles, and carpets) as well as other sectors including RMG, chemicals, agrochemicals, capital goods, and solar panel manufacturing, which have sizable trade exposure to the US,' Crisil said. The 25 per cent reciprocal tariff that came into force on August 7 is higher than that faced by most of India's Asian competitors. Sectors such as diamond polishing, shrimp, and home textiles may see sales volumes decline due to heavy reliance on US trade, while costs will rise due to partial absorption of tariffs, affecting earnings. The extent of the impact will vary depending on sectoral exposure, the ability to pass on incremental costs to customers, and relative tariff disadvantage versus competing nations. 'A potential second-order impact, including a slowdown in US demand and disparate tariffs across nations that could alter global trade dynamics, also warrants close monitoring,' the report said, adding that any potential trade agreement between India and the US in the coming days will bear watching. However, strong corporate balance sheets, potential bilateral trade agreements with other countries, and possible Indian government support for impacted sectors could mitigate the credit impact to some extent, it added. The US is India's largest trade partner and export destination. In FY24, India exported goods worth $86.5 billion to the US, accounting for a fifth of India's merchandise exports. Sectoral Impact Diamond polishing: Exports to the US accounted for about 25% of total revenue in FY25. The tariff will put more pressure on the sector's modest operating margins due to reduced fixed-cost coverage and the need to bear higher tariff costs. US retailers have shown limited willingness to absorb the additional burden. Shrimp: The US accounts for about 48% of revenue for Indian shrimp exporters. India is now one of the highest-taxed major shrimp exporters to the US due to reciprocal tariffs, countervailing duties, and anti-dumping duties. Operating margins will be further eroded due to additional costs and limited pass-through ability, given stiff competition from Ecuador, which benefits from lower tariffs. Home textiles and carpets: Exports account for 70–75% and 65–70% of total sales, respectively, for these sectors. Of this, the US accounts for about 60% of exports for home textiles and about 50% for carpets. While India currently enjoys some tariff advantage against China, the reciprocal tariff will lead to a material decline in revenue and profits, given the limited ability to pass on higher costs for these discretionary products. RMG: Exports to the US form 10–15% of total revenue and will become completely unviable as the tariff structure will be significantly higher than that of competing manufacturers in China and Vietnam. Agrochemicals: Exports to the US account for 11–12% of sector revenue and will face challenges, with China as a key competitor. The ability to divert products to alternative markets such as Latin American countries will be limited by strong Chinese competition in those regions.
News18
21 minutes ago
- News18
PM Modi Reaffirms Resolve To Foster Bilateral Ties In Phone Call With Uzbek President
Last Updated: Prime Minister Narendra Modi on Tuesday held a phone conversation with Uzbek President Shavkat Mirziyoyev, focusing on progress achieved in key areas of bilateral ties. Prime Minister Narendra Modi on Tuesday held a telephonic conversation with Uzbekistan President Shavkat Mirziyoyev and reaffirmed the shared resolve to further advance the strategic partnership. Describing his conversation with Uzbek President as 'frutiful", PM Modi said he discussed the progress achieved in key areas of bilateral ties, including trade, connectivity, health, technology and people-to-people ties. 'Had a fruitful conversation with President of Uzbekistan, Mr. Shavkat Mirziyoyev. We reviewed the progress achieved in key areas of our bilateral cooperation and reaffirmed our shared resolve to further advance the India–Uzbekistan Strategic Partnership," he said in a post on X. Had a fruitful conversation with President of Uzbekistan, Mr. Shavkat Mirziyoyev. We reviewed the progress achieved in key areas of our bilateral cooperation and reaffirmed our shared resolve to further advance the India–Uzbekistan Strategic Partnership. @president_uz — Narendra Modi (@narendramodi) August 12, 2025 As per the press statement released by the Prime Minister's Office (PMO), President Mirziyoyev also conveyed his greetings and felicitations to PM Modi and the people of India on the upcoming 79th Independence Day during the phone call. The two leaders also exchanged views on regional and global developments of mutual interest, and reiterated their commitment to further strengthen the age-old ties between India and Central Asia. They agreed to remain in touch. IANS. PM Modi visited Tashkent (July 2015 and June 2016) and Samarkand (September 2022), while President Mirziyoyev visited India in October 2018 and in January 2019. A virtual summit between PM Modi and Mirziyoyev was held in December 2020. At the initiative of the Indian PM, the Presidents of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan attended the first India-Central Asia Summit in January 2022 in a virtual format. The two leaders had also met on the sidelines of the COP-28 in Dubai in December 2023 and on the sidelines of the 16th BRICS Summit in Russia's Kazan, last October. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
