ENIL reports 4% revenue growth

Losses of the company reduced 31%

by e4m Staff
Published: Feb 11, 2026 7:17 PM | 3 min read

Entertainment Network (India) Ltd (ENIL) reported a 16.9% quarter-on-quarter (QoQ) rise in consolidated revenue from operations to Rs 164.96 crore for the quarter ended December 31, 2025 (Q3 FY26), as per its unaudited financial results. Revenue also grew 3.8% year-on-year (YoY) from Rs 158.90 crore in the corresponding quarter last year.

Despite the revenue uptick, ENIL slipped into losses during the quarter. The company posted a consolidated net loss of Rs 6.31 crore in Q3 FY26, compared to a net loss of Rs 4.09 crore in Q2 FY26. In the year-ago period (Q3 FY25), ENIL had reported a net profit of Rs 9.26 crore.

Total income for the quarter stood at Rs 171.61 crore, up 16.0% QoQ from Rs 147.89 crore in Q2 FY26 and 3.7% YoY from Rs 165.48 crore in Q3 FY25.

Production expenses rose to Rs 63.69 crore from Rs 51.16 crore in Q2 FY26, while other expenses increased to Rs 40.17 crore from Rs 32.72 crore in the previous quarter.

ENIL’s total expenses climbed to Rs 175.38 crore in Q3 FY26, up 13.8% QoQ from Rs 154.08 crore in Q2 FY26 and 1.4% higher than Rs 173.17 crore in Q3 FY25.

The company reported a loss before tax of Rs 11.87 crore in Q3 FY26, compared to a loss before tax of Rs 6.19 crore in Q2 FY26. In Q3 FY25, ENIL had reported a profit before tax of Rs 12.31 crore.

The quarter was impacted by exceptional items worth Rs 8.10 crore, which pushed the company deeper into losses. ENIL had not reported any exceptional items in Q2 FY26 and Q3 FY25.

For the nine months ended December 31, 2025 (9M FY26), ENIL’s consolidated revenue from operations rose 9.6% YoY to Rs 423.04 crore, compared to Rs 385.94 crore in 9M FY25. However, the company reported a net loss of Rs 15.66 crore for the period, sharply wider than the marginal loss of Rs 0.22 crore reported in the year-ago period.

Digital revenues now account for 49.5% of core radio advertising revenues, up from 26.9% in Q3FY25, reflecting the continued evolution of ENIL's revenue mix. This growth was supported by a growing Gaana user base and higher engagement, driven by ongoing improvements to content and platform experience. Importantly, this growth was achieved with improved cost discipline, as overall digital investments declined year-on-year, even as marketing spends increased to support platform growth.

Radio advertising remained under pressure during the quarter, in line with broader industry trends, cautious advertiser sentiment, and the shift in festive demand. ENIL's market share improved, and the market impact was partly offset by the Company's diversified revenue streams and platform-agnostic operating model, which continues to drive contributions from non-radio businesses. The international business remained stable at {5.4 crore. ENIL continued to maintain a strong financial position, with a cash balance of 2372.5 crore as of December 31, 2025.

Commenting on the developments, Mr. Yatish Mehrishi, CEO, ENIL, said: "Our Q3 performance reflects steady progress in building a more diversified and resilient business. The strong growth in our digital, events and solutions businesses demonstrates the effectiveness of our shift beyond a traditional radio-led model. While radio advertising continues to face industry-wide challenges, these newer revenue streams are helping strengthen the overall business. We are encouraged by the traction across these areas and are selectively increasing investments to support growth, while remaining focused on disciplined execution and sustainable monetisation."