Entertainment Network (India) Limited (ENIL) Latest Updates

Promoter Restructuring & Demerger A major structural change is underway as Bennett Coleman and Company Limited (BCCL) has announced plans to demerge its non-publishing business into a new entity, Times Horizon Private Limited (THPL). This involves transferring BCCL’s entire 71.15% stake in ENIL to THPL. While the management of ENIL is expected to remain the same, THPL will become the new official promoter once regulatory approvals (NCLT, CCI) are finalized. Q2 FY26 Financial Performance For the quarter ended September 30, 2025, ENIL reported a consolidated revenue of ₹141 crore, representing a 24.3% year-over-year growth. Despite the revenue jump, the company recorded a narrowed net loss of approximately ₹4.1 crore. Domestic EBITDA grew by 5%, supported by cost discipline and a reduction in digital investment spending. Digital Shift and "Gaana" Integration The company’s digital transformation has reached a significant milestone, with digital revenues now accounting for 52.5% of core radio advertising revenue. The Gaana platform contributed roughly ₹20.5 crore to the quarterly revenue. Management has stated an long-term objective to achieve a 50:50 revenue split between traditional radio and non-radio (digital/events) businesses. Segment Growth: Events & International Non-FCT (Free Commercial Time) segments, including events and branded solutions, saw robust growth of over 42%. The international business also showed strength, with revenues rising 35% year-over-year to ₹5.9 crore. These diversified streams are currently offsetting the relative softness in the traditional domestic radio advertising market. Legal & Corporate Updates In late 2025, ENIL secured a significant legal win when the Madras High Court dismissed contempt proceedings and set aside requirements for royalty deposits and music log submissions previously disputed by SIMCA. Additionally, the company maintained its dividend track record, paying ₹2.00 per share (20%) for the 2025 fiscal year.