Q1FY26: ENIL reports 3.0% YoY growth in revenue at Rs 117 crore

Radio Advertising segment remained subdued, mainly due to the high base effect from Q1FY25, which saw a one-time boost from political advertising during the general elections last year

by e4m Staff
Published: Jul 31, 2025 9:26 AM | 2 min read

Entertainment Network (India) Ltd, the operator of FM radio channel Radio Mirchi and audio streaming platform Gaana, has announced its results for the First Quarter ended June 30, 2025.

Consolidated revenues for Q1FY26 stood at ₹117 crores, marking 3.0% year-on-year growth. Domestic revenues rose to ₹113 Crores, up 3.2% YoY, driven primarily by robust growth in Events, Solutions and Digital businesses.

EBITDA for the quarter grew by 3.6% to ₹6.2 Crores.

Radio Advertising segment remained subdued, mainly due to the high base effect from Q1FY25, which saw a one-time boost from political advertising during the general elections last year. For Q1FY26, EBITDA excluding digital stood at ₹16 Crores, with EBITDA margins at 17.5%.

ENIL’s digital business continued its strong upward trajectory, reporting revenues of ₹21.7 Crores. This now equals 40.7% of the company’s core radio advertising revenue, up significantly from 24.8% in Q1FY25. This growth was largely powered by Gaana’s strong user traction and consumer engagement on the platform. Importantly, it was achieved with improved efficiency, investment in the digital business declined to ₹9.8 Crores from ₹14.2 Crores in the same quarter last year.

The international segment also delivered a positive contribution, with revenues of ₹4.1 Crores and a positive EBITDA.

Commenting on the developments, Yatish Mehrishi, CEO, ENIL, said, " In a quarter marked by industry challenges and market volatility, our strategy of transformation from only Radio to Multimedia company has delivered promising results. Our Events and Solutions business grew a strong 33% in Q1, supported by our continued focus on solution-based offerings. Our digital business, which registered a 41.2% growth, continues to gain momentum. Gaana is witnessing robust subscription uptake and consumer engagement – signaling growing user alignment. With improved cost efficiency and a sharpened focus on multi-platform expansion, ENIL is well-positioned to capture emerging opportunities in the evolving media landscape.”