Investors Presentation
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Entertainment Network (India) Limited reported Q4 FY26 total revenue of ₹1,393 Mn, down 9.4% YoY from ₹1,537 Mn. Full year FY26 revenue stood at ₹5,474.7 Mn, up 4% YoY. EBITDA collapsed 64.7% YoY to ₹100.3 Mn in Q4 and fell 44.5% for FY26 to ₹402.4 Mn due to rising operating costs up 11.8%. However, digital revenue surged 84% YoY and now represents 48.4% of core radio revenue versus 26.3% last year. Existing business (radio) maintains an 18% EBITDA margin. The company holds strong cash reserves of ₹4.04 Bn standalone. Management cited geopolitical tensions impacting Non-FCT revenue and expects IP tailwinds to return in H2 FY27. Radio market share remained steady at 25.3% in Q4.
The steep EBITDA decline raises concerns about near-term profitability, though the strong digital growth and 18% margin in core business provide some offset. Shareholders may see continued pressure on near-term earnings, but the pivot to digital and solid cash position offer long-term stability.