Entertainment Network (India) Ltd
NSE:ENIL
Entertainment Network (India) Ltd
Entertainment Network (India) Ltd. engages in the provision of radio broadcasting services. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2006-02-11. The firm operates its advertising business through the sale of airtime in the Company’s frequency modulation (FM) radio broadcasting stations, activations, concerts and monetization of its digital and other media properties. The firm operates FM radio broadcasting stations in approximately 63 Indian cities under the brand names Mirchi, Mirchi Love, and Kool FM. The Company’s subsidiaries include Alternate Brand Solutions (India) Limited (ABSIL), Entertainment Network, INC (EN, INC) and Global Entertainment Network Limited. The firm operates in Ahmedabad, Akola, Amravati, Amritsar, Asansol, Aurangabad, Bengaluru, Bharuch, Bhavnagar, Bhopal, Chandigarh, Chennai, Coimbatore, Delhi, Nagpur, Pune, Guwahati, Hubli Dharward, Hyderabad, Indore, Jabalpur, Jaipur, Jalandhar, Jammu, Jamnagar, Jhansi, Jodhpur, Junagadh, Kanpur, Kochi, Kolhapur, Kolkata, Kozhikode, Lucknow, Mangalore, Mumbai, Nagpur and other.
Entertainment Network (India) Ltd. engages in the provision of radio broadcasting services. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2006-02-11. The firm operates its advertising business through the sale of airtime in the Company’s frequency modulation (FM) radio broadcasting stations, activations, concerts and monetization of its digital and other media properties. The firm operates FM radio broadcasting stations in approximately 63 Indian cities under the brand names Mirchi, Mirchi Love, and Kool FM. The Company’s subsidiaries include Alternate Brand Solutions (India) Limited (ABSIL), Entertainment Network, INC (EN, INC) and Global Entertainment Network Limited. The firm operates in Ahmedabad, Akola, Amravati, Amritsar, Asansol, Aurangabad, Bengaluru, Bharuch, Bhavnagar, Bhopal, Chandigarh, Chennai, Coimbatore, Delhi, Nagpur, Pune, Guwahati, Hubli Dharward, Hyderabad, Indore, Jabalpur, Jaipur, Jalandhar, Jammu, Jamnagar, Jhansi, Jodhpur, Junagadh, Kanpur, Kochi, Kolhapur, Kolkata, Kozhikode, Lucknow, Mangalore, Mumbai, Nagpur and other.
Revenue Growth: Domestic revenue was INR 160 crores, up 4% year-on-year and 18% sequentially, with digital and non-FCT businesses leading the growth.
Digital Expansion: Digital business revenue reached INR 30.8 crores, now almost 50% of radio revenues, up from 27% last year, highlighting rapid growth.
Profitability Focus: EBITDA (excluding digital) was INR 23 crores with an 18% margin; company maintains a robust cash balance of INR 372 crores.
Radio Market Share: Radio business retained a leading 25% market volume share, despite ongoing advertising weakness in the traditional segment.
Gaana Progress: Gaana revenue was INR 20.7 crores for the quarter; 66% of users now on new pricing, up from 54% last quarter.
Marketing Investments: Marketing spend increased to accelerate subscriber growth, especially for Gaana; total digital investment YTD is INR 29 crores, down 22% YoY.
Profitability Outlook: Management remains committed to making the digital business profitable within the next 2–3 quarters.
