Entertainment Network (India) Ltd (ENIL) delivered solid financial results for the quarter and financial year ended March 2026. According to exchange filings, the company recorded consolidated income of ₹565 crore for FY26, representing a 3.9% increase compared to the previous year. For the March 2026 quarter specifically, consolidated income stood at ₹142 crore, while domestic revenue amounted to ₹139 crore. The company's income from domestic operations rose by 4% to ₹548 crore for the full financial year, demonstrating resilience despite challenging market conditions.
The Gaana platform demonstrated remarkable performance with digital revenues reaching ₹112.4 crore in FY26, marking an impressive 84% year-on-year increase. This significant contribution indicates a structural shift in ENIL's revenue mix, as digital now accounts for over 48% of the company's radio revenues. The growth was driven by increased user engagement and efficiency in digital operations, with digital expenses declining by 23%, which strengthened the company's unit economics and overall profitability. The international business maintained stability with revenue of ₹18.4 crore in FY26, contributing to the company's diversified revenue streams.
For FY26, ENIL achieved EBITDA of ₹76 crore excluding digital business with an EBITDA margin of 18%. According to the company's financial disclosures, Profit After Tax (PAT) was recorded at ₹22 crore for the full financial year. The strong margin reflects the company's focus on cost control and operational efficiency, particularly during a challenging advertising environment. The company maintained a strong balance sheet position with cash balance of ₹423.9 crore as of March 31, 2026.
The company's Board announced a dividend of ₹2 per share on each share with a face value of ₹10. This dividend declaration reflects the company's confidence in its financial performance and commitment to returning value to shareholders despite challenging market conditions in the media industry. The strong cash position of ₹423.9 crore provides adequate support for the dividend payout while maintaining financial flexibility for future growth initiatives.
Yatish Maharshi, CEO of ENIL, acknowledged the challenging environment faced by the media industry in FY26. According to his statement, FY26 proved to be a challenging year for the media industry, marked by the impact of global tensions and subdued advertising demand. Despite these headwinds, the company delivered strong performance through stable revenue, cost controls, and robust digital growth. Maharshi emphasized that the digital business is now transforming the company's portfolio and could emerge as a key growth pillar in the future, with the revamped Gaana platform playing a crucial role in enhancing user engagement and revenue generation.
