ENIL Q1 FY27 results: Entertainment Network (India) Ltd, operator of India’s #1 FM radio channel Radio Mirchi and premier audio streaming platform Gaana, today announced its audited financial results for the first quarter ended June 30, 2026.
Consolidated revenue for Q1 FY27 stood at Rs 113 crore, with domestic revenues at Rs 111 crore. EBITDA for the quarter grew by 42% to Rs 8.7 crore. This was achieved through the successful execution of several strategic cost rationalization measures undertaken by the company.
Despite prevailing macro headwinds, the non-digital business improved profitability, delivering EBITDA growth of 7.4% and PAT growth of 85% during the quarter.
ENIL’s digital business continued its strong upward trajectory, reporting revenue of Rs 31.1 crore up 43.3% YoY. This now equals 30.2% of the company’s revenue, up from 23.0% in Q1FY26. 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 Rs 8.3 crore from Rs 9.8 crore in the same quarter last year.
Radio advertising remained under pressure amid soft industry conditions and weak advertising sentiment.
The international business was at Rs 3 crore for Q1FY27. ENIL’s balance sheet remained healthy with a cash balance of Rs 389.7 crore as on June 30, 2026.
Commenting on the developments, Yatish Mehrishi, CEO, ENIL, said, “Q1FY27 continued to be marked by a challenging operating environment, with geopolitical uncertainty and cautious advertising spends affecting traditional media and events.
Despite the revenue pressure, the initial benefits of our cost-transformation programme helped strengthen the profitability of the existing business. Our Digital business maintained strong momentum, with revenue growing 43% and losses continuing to narrow. We remain focused on diversifying our revenue portfolio to build a business positioned for sustainable long-term growth.”
