ENIL Q4 revenue falls 10% on-year, slips to Rs 7.39 crore net loss

New Delhi: Entertainment Network, operator of Radio Mirchi and audio streaming platform Gaana, posted consolidated revenue from operations of Rs 142.13 crore in Q4FY26, down 10.2% from Rs 158.21 crore in Q4FY25. On a sequential basis, revenue from operations declined 13.8% from Rs 164.96 crore in Q3FY26. Consolidated total income for Q4FY26 stood at Rs 153.48 crore, against Rs 169.83 crore in Q4FY25 and Rs 171.61 crore in Q3FY26, a decline of 9.6% and 10.6% respectively. Consolidated net profit for Q4FY26 came in at Rs 8.21 crore, down 32.5% from Rs 12.17 crore in Q4FY25. The sequential comparison is not straightforward, as the company had reported a net loss of Rs 6.31 crore in Q3FY26, partly due to an exceptional charge of Rs 8.10 crore related to new labour codes. For the full year FY2026, ENIL’s consolidated revenue from operations grew 3.9% to Rs 565.17 crore from Rs 544.15 crore in FY2025. However, the company posted a consolidated net loss of Rs 7.39 crore in FY2026, compared to a net profit of Rs 11.95 crore in FY2025. The standout of FY2026 was the company’s digital business, which recorded revenues of Rs 112.4 crore, a growth of 84% year-on-year. Digital revenues now contribute over 48% of radio revenues, reflecting a significant shift in the company’s business mix. The company’s audio streaming platform Gaana continued to gain traction through an expanded user base and stronger engagement, while digital spending reduced by 23%, reflecting improving unit economics. Radio advertising, however, remained under pressure amid soft industry conditions. The company’s international business was steady at Rs 18.4 crore for the year. EBITDA excluding the digital business for FY2026 stood at Rs 76 crore at an 18% margin, while PAT excluding digital stood at Rs 22 crore. Commenting on the results, CEO Yatish Mehrishi said FY26 was “a demanding year for media businesses, shaped by elevated geopolitical tensions and a cautious advertising environment”. He added that against this backdrop, ENIL demonstrated “strong organisational resilience by sustaining revenues, driving cost efficiencies, and progressing its digital transformation with financial discipline”. Mehrishi said the company’s digital business grew 84%, with digital now nearing 50% of radio revenues, reflecting a structural shift in the company’s portfolio.