Q1 2026 Entertainment Network (India) Ltd Earnings Call Transcript
Key Points
- Entertainment Network (India) Ltd (BOM:532700) recorded a domestic revenue of INR113 crores, marking a year-on-year growth of 3.2%.
- The non-FCT segment showed strong performance with a year-on-year growth of 33% and a healthy EBITDA margin of 43.4%.
- Digital revenues increased significantly, contributing 40.7% of total Radio revenues, up from 24.8% last year.
- The Ghana platform's revenue grew by 87.6% year-on-year, indicating strong user adoption and engagement.
- The company maintains a robust balance sheet with a cash balance of INR336 crores as of June 30, 2025.
- Radio FCT segment experienced a revenue decline of 12.1% year-on-year due to a high base from the previous year's political advertising.
- The geopolitical situation during the quarter posed challenges to the FCT business.
- The effective rates remain subdued, approximately 25% lower than pre-COVID levels.
- Despite growth in digital and non-FCT segments, the overall EBITDA growth was modest at 3.6% year-on-year.
- The company faces competition from free music streaming services, which impacts the growth of its paid subscription model.
(Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. [Nun Jain].
Thank you and over to you, ma'am.
Thank you, Nivi.
Good afternoon, everyone. To take you through the results and answer your questions today, we have the management team from the company represented by Mr. Yatish Mehrishi, Chief Executive Officer; and Mr. Sanjay Ballabh, Chief Financial Officer.
Please note that the financial results and the presentation have been uploaded on the company's website and on exchanges. Should you need any further information, you can get in touch with [FEY] IR.
Before we begin, I would like you to remind that today's discussion might include forward-looking statements based on current expectations and assumptions. These statements are subject to risk and uncertainties that could cause actual results to differ materially. The company undertakes no obligation to update these statements after today's call whatsoever.
But with that said, I will hand
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