ENIL
Entertainment Network (India) financials
- Market cap
- ₹483 Cr
- Calls analysed
- 7
Entertainment Network (India) Limited Q1 FY27
What went well
- EBITDA grew by 42% to INR8.8 crores.
- Digital business revenue grew by 43.3% YoY to INR31.1 crores.
- Digital business contribution to total revenue increased to 30.2% from 23% last year.
What to watch
- Domestic revenue degrowth of 1.9% YoY to INR111 crores.
- Geopolitical conflict and related uncertainties led to event cancellations and curtailed artist travel.
What Entertainment Network (India) Limited does
Entertainment Network (India) Limited operates as Radio Mirchi, broadcasting FM radio content across stations and cities in India in multiple Indian languages and dialects, earning revenue from advertiser airtime sales through a city-based sales network. It also runs a large non-radio (Non-FCT) business producing branded live events, concerts, marathons and corporate/cultural IPs across the country. Its digital arm operates Gaana, a music-streaming app offering both free and subscription listening, and the group additionally runs Mirchi-branded radio stations abroad through local partnerships in the UAE, Qatar, Bahrain and the US.
Segments
- Radio (FCT)
- Non-FCT / Events
- Digital
- International
- Radio stations
- 73
- Cities covered (radio)
- 63
- Employees
- 873
- Gaana monthly active users
- 18.9M (120M+ MAU across digital properties)
- Gaana subscribers
- 21.3M+
- Languages / dialects on air
- 13 languages, 25+ dialects
Guidance record · Q1 FY27
what the last two calls moved 9 tracked 1 delivered 4 missed 4 open- Radio vs Non-Radio Revenue Mix delivered said Q1 FY26 Promised: by year end, we should be looking at 50% - 50% if not less for Radio Q1 FY27: Promise previously achieved in Q3 FY26. No further updates required.
- Radio Business Growth missed said Q1 FY26 Promised: expect a modest growth in the Radio business over the remainder of FY '26 Q1 FY27: Promise deadline passed in FY26. No new updates.
- Gaana Profitability on track said Q3 FY25 Promised: business will likely break even in the next 4 to 5 quarters Q1 FY27: Reiterated target for FY27. Quote: 'Our endeavour is to make it profitable this year or to get it breakeven.'
All 9 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue down 2.8%, net profit down 14.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 114 | 159 | 158 | 117 | 141 +24% | 165 +4% | 142 −10% | 114 −3% |
| EBITDA | 11 | 30 | 29 | 8 | 11 +2% | 15 −50% | 11 −64% | 9 +19% |
| Net profit | -4 | 9 | 12 | -5 | -4 −1% | -6 −168% | 8 −32% | -6 −14% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −37.4% 1Y
1Y: ₹161.73 on 10 Sept 2025 → ₹101.24. High ₹164.76 (22 Sept 2025), low ₹99.54 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- −2.5%
- 6 Aug
- Q4 FY26
- −3.3%
- 18 May
- Q3 FY26
- −3.9%
- 11 Feb
- Q2 FY26
- −1.8%
- 11 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 6.5% a year over 3 years, FY23 to FY26. Operating margin narrowed to 8.0%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹468 Cr | ₹533 Cr | ₹544 Cr | ₹565 Cr |
| Operating profit | ₹51 Cr | ₹106 Cr | ₹79 Cr | ₹45 Cr |
| Operating margin | 10.8% | 19.9% | 14.4% | 8.0% |
| Interest | ₹17 Cr | ₹15 Cr | ₹14 Cr | ₹14 Cr |
| Depreciation | ₹89 Cr | ₹80 Cr | ₹83 Cr | ₹85 Cr |
| Net profit | ₹-30 Cr | ₹33 Cr | ₹12 Cr | ₹-7 Cr |
| Net margin | -6.4% | 6.2% | 2.2% | -1.3% |
| Cash from operations | ₹114 Cr | ₹127 Cr | ₹26 Cr | ₹86 Cr |
| Free cash flow | ₹106 Cr | ₹111 Cr | ₹19 Cr | ₹69 Cr |
| ROCE | -17.0% | 6.0% | 3.0% | -1.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹48 Cr | ₹48 Cr | ₹48 Cr | ₹48 Cr | ₹48 Cr | ₹48 Cr |
| Reserves | ₹754 Cr | ₹713 Cr | ₹544 Cr | ₹724 Cr | ₹710 Cr | ₹710 Cr |
| Borrowings | ₹0 Cr | ₹235 Cr | ₹197 Cr | ₹193 Cr | ₹176 Cr | ₹171 Cr |
| Other liabilities | ₹310 Cr | ₹110 Cr | ₹413 Cr | ₹292 Cr | ₹251 Cr | ₹278 Cr |
| Total liabilities | ₹1.1k Cr | ₹1.1k Cr | ₹1.2k Cr | ₹1.3k Cr | ₹1.2k Cr | ₹1.2k Cr |
| Fixed assets | ₹666 Cr | ₹641 Cr | ₹546 Cr | ₹497 Cr | ₹409 Cr | ₹387 Cr |
| Capital work in progress | ₹2 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹5 Cr | ₹0 Cr |
| Investments | ₹223 Cr | ₹217 Cr | ₹283 Cr | ₹308 Cr | ₹333 Cr | ₹387 Cr |
| Other assets | ₹222 Cr | ₹248 Cr | ₹372 Cr | ₹450 Cr | ₹438 Cr | ₹432 Cr |
| Total assets | ₹1.1k Cr | ₹1.1k Cr | ₹1.2k Cr | ₹1.3k Cr | ₹1.2k Cr | ₹1.2k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +0.48 pp while DIIs trimmed −0.36 pp. The shareholder count shrank 8% to 17,124.
- Promoters
- 71.2%
- FIIs
- 6.0%
- DIIs
- 3.7%
- Public
- 19.1%
Since Jun 2025
- Public +0.48 pp
- DIIs −0.36 pp
- FIIs −0.10 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 71.2%, FIIs 5.8%, DIIs 4.4%, Public 18.6%.Dec '23: Promoters 71.2%, FIIs 5.8%, DIIs 4.4%, Public 18.6%.Mar '24: Promoters 71.2%, FIIs 6.1%, DIIs 4.1%, Public 18.7%.Jun '24: Promoters 71.2%, FIIs 6.0%, DIIs 4.1%, Public 18.8%.Sep '24: Promoters 71.2%, FIIs 6.1%, DIIs 4.1%, Public 18.7%.Dec '24: Promoters 71.2%, FIIs 6.1%, DIIs 4.1%, Public 18.7%.Mar '25: Promoters 71.2%, FIIs 6.1%, DIIs 4.1%, Public 18.7%.Jun '25: Promoters 71.2%, FIIs 6.2%, DIIs 4.1%, Public 18.6%.Sep '25: Promoters 71.2%, FIIs 6.2%, DIIs 4.4%, Public 18.3%.Dec '25: Promoters 71.2%, FIIs 6.3%, DIIs 4.0%, Public 18.6%.Mar '26: Promoters 71.2%, FIIs 6.2%, DIIs 3.9%, Public 18.8%.Jun '26: Promoters 71.2%, FIIs 6.0%, DIIs 3.7%, Public 19.1%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Pallavi Anant Shirgaonkar newly disclosed 1.00% held
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Entertainment Network (India) Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Bennett Coleman And Company Limited | 71.15% | unchanged |
| ICICI Prudential Multi-Asset Fund Mutual fund | 3.18% | −0.16 pp |
| Acacia Partners, Lp FPI fund | 2.01% | unchanged |
| Acacia Institutional Partners, Lp FPI fund | 1.64% | unchanged |
| Acacia Conservation Fund Lp FPI fund | 1.26% | unchanged |
| Shashank Sharad Khade | 1.09% | unchanged |
| Dheeraj Kumar Lohia | 1.07% | unchanged |
| Pallavi Anant Shirgaonkar | 1.00% | newly disclosed |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse Entertainment Network (India) Limited
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