Entertainment Network (India) Limited has informed the Exchange regarding appointment of Secretarial Auditor in the Board Meeting held on May 16, 2025.
ENIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Entertainment Network (India) Limited (ENIL, operator of Radio Mirchi) approved audited financial results for Q4 and FY ended March 31, 2025. Standalone revenue from operations grew modestly to Rs. 52,639.50 lakhs (vs Rs. 51,977 lakhs in FY24), but net profit fell sharply to Rs. 1,180.95 lakhs from Rs. 2,813.72 lakhs — a drop of roughly 58% year-on-year. Consolidated net profit also declined to Rs. 1,195.15 lakhs from Rs. 3,298.21 lakhs, with EPS slipping to Rs. 2.48 (standalone) and Rs. 2.51 (consolidated). The Board recommended a higher dividend of Rs. 2.00 per share (up from Rs. 1.50 last year), totaling Rs. 953.41 lakhs, subject to shareholder approval. Statutory auditor Walker Chandiok & Co LLP issued an unmodified (clean) opinion. The Board also appointed M/s. Hemanshu Kapadia & Associates as Secretarial Auditor for a 5-year term from FY26 to FY30.
The higher dividend is a positive for shareholders, but the sharp fall in profits driven by higher production and employee costs is likely to weigh on the stock. Expect near-term pressure on share price despite the clean audit and dividend hike.