Financial Performance - Q2 FY27
Consolidated Revenue: ₹117 crore
Domestic Revenue: ₹114 crore
EBITDA: ₹11.3 crore (9.5% year-on-year growth)
Cash Balance: ₹371.5 crore as at September 30, 2026
Revenue Mix Analysis
Radio: 53% of domestic revenue
Digital Revenue: ₹33 crore (4.6% year-on-year increase)
Digital Share of Domestic Revenue: 29.0% (up from 23.3% in Q2 FY26)
International Business Revenue: ₹3.2 crore
Segment Performance
Digital Segment EBITDA Losses: Reduced 23.3% to ₹7.5 crore compared with ₹9.8 crore a year earlier
Business Strategy Updates
- Gaana expanding distribution through partnerships to drive subscriber growth
- Strengthening music discovery and personalization to improve engagement and retention
- Digital Solutions broadening client relationships and extending ENIL's participation in advertising budgets
- Partnership with Noise combines wider distribution with co-branded product
Management Commentary
CEO Yatish Mehrishi stated: \"We are reshaping ENIL to strengthen core profitability and build new avenues for growth. Subdued advertising demand and a later festive season weighed on Q2 revenue, while structural cost changes supported EBITDA growth. Our brands, audience relationships and advertiser reach provide a strong foundation to expand beyond traditional radio.\"
Forward-Looking Statements Disclaimer
The document contains forward-looking statements regarding future growth prospects subject to risks and uncertainties including fluctuations in earnings, ability to manage growth, intense competition, changes in governmental policies, political instability, legal restrictions on raising capital, unauthorized use of intellectual property, and general economic conditions.