Entertainment Network (India) (ENIL) Q4 24/25 earnings summary

Executive summary

• Domestic revenue reached INR 526 crore for FY 2025, up 9.4% year-over-year, driven by digital and non-FCT segments.

• Achieved consolidated revenue growth of 8.9% for FY25 and 3.2% for Q4FY25, with digital platforms showing strong momentum.

• Core business revenue (excluding digital) grew 2.6% year-over-year to INR 465 crore.

• Digital segment, led by Gaana, saw significant growth and now forms a key part of the strategic shift to a multimedia entertainment model.

• PAT increased 35.2% year-over-year in Q4FY25 and 5.1% for FY25 on a consolidated basis.

Financial highlights

• Q4 FY 2025 PAT was INR 21.4 crore, a 21% increase over Q4 last year.

• Standalone total income rose 9.4% year-over-year for FY25 and 2.9% for Q4FY25.

• Full year EBITDA (excluding digital) was INR 118.8 crore with a 25.5% margin; Q4 EBITDA (excluding digital) was INR 37.4 crore at 27.5% margin.

• Net cash position as of March 31, 2025, stood at INR 368 crore.

• Dividend recommended at INR 2 per share, up from INR 1.5 last year.

Outlook and guidance

• Digital revenues are expected to continue growing, with full impact of Gaana 2.0 platform and pricing changes to be seen in FY 2026.

• Gaana is projected to become profitable within five to six quarters.

• Management remains focused on digital expansion and solution-driven event sales.

• Ad environment expected to remain muted in the near term, with growth anticipated in non-FCT and event businesses.

• Forward-looking statements highlight risks from competition, regulatory changes, and economic conditions.