Entertainment Network India Ltd Q1 revenue up 3% as digital, events drive growth
(ENIL) reported consolidated revenue of ₹117 crore for the quarter ended June 30, marking a year-on-year increase of 3%. Domestic revenue 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 also owns the audio streaming platform Gaana.
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Radio advertising remained subdued, largely due to a high base in Q1 FY25, which had seen one-time political advertising during the general elections. Ebitda, excluding the digital business, came in at ₹16 crore, with a margin of 17.5%.
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The digital segment reported revenue 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 revenue of ₹4.1 crore and a positive Ebitda.
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"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. "Our digital business, which recorded 41.2% growth, continues to gain momentum. Gaana is seeing robust subscription uptake and consumer engagement, signalling increasing user alignment. With improved cost efficiency and a sharper focus on multi-platform expansion, ENIL is well-positioned to tap into emerging opportunities in the evolving media landscape."
As of June 30, the company had cash reserves of ₹349 crore.
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