Entertainment Network Reports Financial Growth Amid Challenges
Financial Performance Overview
Mumbai: Entertainment Network (India) Ltd, the operator of the leading FM radio channel Radio Mirchi and the popular audio streaming service Gaana, has released its audited financial results for the fourth quarter and the full fiscal year ending March 31, 2026. The company reported consolidated revenues of ₹565 crore for FY26, reflecting a year-on-year increase of 3.9%. Domestic revenues also saw a rise of 4.0%, reaching ₹548 crore. In the fourth quarter of FY26, consolidated revenues were recorded at ₹142 crore, with domestic revenues at ₹139 crore.
EBITDA (excluding digital) for FY26 was ₹76 crore, achieving an 18% margin, while the profit after tax (PAT) excluding digital stood at ₹22 crore. The company maintained a robust balance sheet, with a cash reserve of ₹423.9 crore as of March 31, 2026.
ENIL's digital segment emerged as a key performer in FY26, generating revenues of ₹112.4 crore, which is an impressive growth of 84% compared to the previous year. Digital now accounts for over 48% of the company's radio revenues, indicating a significant shift in its business model. Gaana has continued to expand its user base and enhance engagement, while digital expenditures decreased by 23%, showcasing improved unit economics. However, radio advertising faced challenges due to a sluggish industry environment, with the international business remaining stable at ₹18.4 crore.
The Board has proposed a dividend of ₹2 per equity share of ₹10 each, totaling ₹9.5 crore, which is consistent with the previous year, pending shareholder approval at the upcoming AGM. The balance sheet remains strong with a cash balance of ₹404.2 crore as of March 31, 2026.
Mr. Yatish Mehrishi, CEO of ENIL, commented on the results, stating: “FY26 posed significant challenges for media companies, influenced by heightened geopolitical tensions and a cautious advertising landscape. Despite these hurdles, ENIL showcased remarkable resilience by maintaining revenue levels, enhancing cost efficiencies, and advancing its digital transformation with financial prudence. Our digital sector grew by 84%, with digital revenues approaching 50% of our radio income, indicating a fundamental shift in our business strategy.”
About ENIL: (BSE Code: 532700) (NSE Code: ENIL) Entertainment Network (India) Limited (ENIL) is a prominent city-focused media organization listed on both the BSE and NSE. Established in June 1999, ENIL operates FM radio stations across 63 cities in India and is headquartered in Mumbai. The promoter of ENIL, Bennett, Coleman & Co. Limited (BCCL), is the flagship entity of The Times of India Group, boasting a legacy of 187 years as one of India’s foremost media conglomerates.