Entertainment Network India Ltd Q1 revenue up 3% as digital, events drive growth

Entertainment Network India Ltd (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.

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%.

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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