ENIL posts 19.3% domestic revenue growth in Q1

Entertainment Network India Ltd (ENIL), the operator of India's top FM radio channel Radio Mirchi, has recorded a 19.3% YoY growth in domestic revenues at ₹109.4 crore, driven by both the radio and digital segments.

In Q1 FY25, EBITDA (excluding digital) was ₹20.5 crore, up from ₹19.2 crore in Q1 FY24. Net profit rose to ₹5.8 crore, compared to ₹4.4 crore in the same period last year.



Digital revenues reached ₹17.8 crore, constituting almost 25% of the radio revenue, up from 11.8% in Q1 FY24. ENIL's consolidated revenues for Q1 FY25 were ₹113.5 crore, reflecting 8.9% year-on-year growth.

The company said that the international market remained EBITDA positive.

ENIL CEO Yatish Mehrishi said, "Extremely pleased with the results for Quarter 1, we have continued the growth momentum from the previous year. The new Gaana app has been well-received, and our digital segment is poised for further growth. The initial investment in the new platform is stabilising, and we anticipate sustained progress moving forward."


The balance sheet remained strong with a cash balance of ₹355 crore.