ENIL Reports FY26 Results: Digital Revenue Surges 84%, Driving Portfolio Shift
Entertainment Network (India) Limited (ENIL), the operator of Radio Mirchi and the streaming platform Gaana, announced its audited financial results for the Full Year and Fourth Quarter ended March 31, 2026. The results highlight significant growth in the digital segment, reinforcing the company's transformation momentum.ENIL reported consolidated revenues of ₹565 crore for the Financial Year 2026, marking a 3.9% year-on-year growth. Domestic revenues for the full year rose by 4.0% to ₹548 crore. For the fourth quarter, consolidated revenues stood at ₹142 crore, with domestic revenues reaching ₹139 crore.
The company’s digital business emerged as a key growth driver, recording revenues of ₹112.4 crore for FY26, which represents an 84% year-on-year surge. Digital income now contributes over 48% of the total radio revenues, signalling a structural shift in the company's business mix.
Financial Highlights for FY26 and Q4FY26
Key financial performance metrics for the period include:| Metric | FY26 Full Year | Q4FY26 |
|---|---|---|
| Consolidated Revenue | ₹565 crore | ₹142 crore |
| Domestic Revenue | ₹548 crore | ₹139 crore |
| EBITDA (excluding digital) | ₹76 crore (18% margin) | N/A |
| PAT (excluding digital) | ₹22 crore | N/A |
The digital segment continues to strengthen the company's financial resilience. While Gaana gained traction through an expanded user base and stronger engagement, digital spends saw a reduction of 23%, reflecting improving unit economics. International operations remained steady, generating ₹18.4 crore.
The Board of Directors recommended a dividend of ₹2/- per equity share of ₹10/- each, aggregating ₹9.5 crore, consistent with the previous year’s dividend, subject to approval by the shareholders at the upcoming Annual General Meeting.
As of March 31, 2026, ENIL maintained a healthy balance sheet with a cash balance of ₹404.2 Crores.
Management Commentary
Commenting on the results, Mr. Yatish Mehrishi, CEO of ENIL, stated that FY26 was a demanding period for the media sector due to geopolitical tensions and a cautious advertising environment. Despite these challenges, ENIL demonstrated strong organizational resilience."Against this backdrop, ENIL sustained revenues, drove cost efficiencies, and progressed its digital transformation with financial discipline. Our digital business grew by 84%, with Digital now nearing 50% of radio revenues, reflecting a structural shift in our portfolio," Mehrishi noted.
About ENIL
Entertainment Network (India) Limited (ENIL) is a leading city-centric media company, incorporated in June 1999. Listed on the BSE and NSE, ENIL operates FM radio broadcasting stations in 63 Indian cities and is headquartered in Mumbai. The company's promoter is Bennett, Coleman & Co. Limited (BCCL), which is the flagship company of The Times of India Group.
ENIL Stock Price Movement
On Friday, shares of Entertainment Network (India) Limited slipped 0.55% to settle at ₹116.07. The stock finished the session having traded on a total volume of 8,199 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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