Entertainment Network (India) Limited (ENIL), a Times Group company, released its Q2 FY27 investor presentation on 3 November 2026, detailing financial performance and operational highlights.

Financial Performance (Standalone)

  • Total Income: ₹1,136.5 million in Q2 FY27, down 16.1% YoY from ₹1,354.2 million in Q2 FY26
  • YTD Sep'26 Total Income: ₹2,244.1 million, down 9.6% from ₹2,483.7 million in YTD Sep'25
  • Operating Expenditure: ₹1,023.9 million in Q2 FY27, down 18.2% YoY
  • EBITDA: ₹112.6 million in Q2 FY27, up 9.5% YoY from ₹102.8 million
  • EBIT: Loss of ₹97.3 million in Q2 FY27, compared to loss of ₹89.6 million in Q2 FY26
  • PBT: Loss of ₹51.9 million in Q2 FY27, improved from loss of ₹57.4 million in Q2 FY26
  • PAT: Loss of ₹38.8 million in Q2 FY27, compared to loss of ₹35.7 million in Q2 FY26
  • Comprehensive Income/Loss: Loss of ₹38.1 million in Q2 FY27

Digital Segment Performance

  • Digital Revenue: ₹33 million in Q2 FY27, up 4.6% YoY
  • Digital EBITDA Losses: Reduced 23.3% YoY to ₹75.2 million
  • Digital Share of Domestic Revenue: Increased to 29.0% from 23.3% in Q2 FY26

Existing Business Performance

  • Revenue: ₹807.2 million
  • PAT: Grew 12.0% YoY to ₹28.7 million

International Business

  • Revenue: ₹31.8 million reported

Balance Sheet Position (Standalone)

  • Net Cash as of September 30, 2026: ₹3.51 billion
  • Shareholders' Funds: ₹7,391.1 million (83.7% of total)
  • Financial Liability Lease: ₹1,441.1 million (16.3% of total)
  • Total Assets: ₹8,832.2 million
  • Cash & Cash Equivalents: ₹3,507.5 million (39.7% of total assets)

Consolidated Performance

  • Net Cash as of September 30, 2026: ₹3.71 billion
  • Total Income: ₹1,167.0 million in Q2 FY27, down 17.3% YoY
  • EBITDA: ₹120.5 million in Q2 FY27, up 9% from ₹113.8 million in Q2 FY26
  • PAT: Loss of ₹48.6 million in Q2 FY27, compared to loss of ₹40.8 million in Q2 FY26

Operational Highlights

Digital Platform (Gaana) Enhancements:

  • Achieved highest-ever subscriber plays per user
  • Algorithm-driven auto queue upgrades with mood, tempo and musical character matching
  • New queue controls with mood, activity and genre filters
  • Now available on Samsung smart TVs with full discovery experience
  • Pre-installed on all Vivo phones with strong engagement (30+ minutes per user)

Partnerships and Collaborations:

  • Launched Noise Buds R1 – Gaana Edition with 1 year of Gaana Plus
  • Exclusive 72-hour early access for subscribers to select UMG releases
  • Multiple artist collaborations including Sonu Nigam, Tanishk Bagchi, Himesh Reshammiya

Campaigns and Initiatives:

  • Ganesh Chaturthi "Complete the Mantra" contest with Times Music Spiritual
  • Vriksha Bandhan campaign: 983 trees adopted in Mumbai
  • Mirchi Par AI-Giri initiative to demystify Artificial Intelligence
  • Border Podcast with listeners: 1,200+ km journey to Shipki La and Lapcha
  • Multiple festival campaigns across various cities

International Operations:

  • Qatar: Back to School activations, GWM Cars partnership, and hosting H.E. Dr. Srikar Reddy
  • Bahrain: FIFA World Cup final viewing experience
  • USA: Mirchi Jashan with Chef Pillai and Raksha Bandhan campaign

Company Overview

ENIL is India's multi-platform entertainment company with:

  • Established in 1993 (formerly Times FM, became Radio Mirchi in 2000)
  • 100 million social reach
  • Largest radio network in India with 60 million reach across 63 cities
  • Largest events company with 3+ million participants across 400+ events annually
  • 21.7 million+ subscribers, 10.3 billion+ views
  • 101.1 million followers, 42 million monthly engagement
  • Content in 13 languages and 25+ local dialects

Leadership Team

Proven leadership team with 120+ years of combined experience including:

  • Yatish Mehrishi (23+ years across FMCG, telecom, and media)
  • Preeti Nihalani (results-driven approach)
  • Sumit Sawhney (20+ years experience in FMCG, health tech, and media)
  • Udit Saxena (digital transformation expertise)
  • Sanjay Ballabh (CA and Cost & Management Accountant)

Investor Contacts

  • Sanjay Ballabh, Chief Financial Officer: +91 98335 70435
  • Runjhun Jain/Sneha Salian, Ernst & Young LLP: +91 98207 20993 / +91 98194 30437