Entertainment Network (India) Ltd — Earnings Release 2025

May 16, 2025

entertainment network (India) limited

16 May 2025

BSE Limited, National Stock Exchange of India Rotunda Building, P. J. Towers, Limited, Dalal Street, Fort, Mumbai- 400001 Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai – 400051

BSE Scrip Code: 532700/ Symbol: ENIL

Sub: Press Release –FY25

Dear Sir/ Madam,

Please find attached herewith the Press Release relating to FY25 financial results. Kindly place the same on records.

For Entertainment Network (India) Limited

Mehul Digitally signed by Mehul Rasiklal Rasiklal Shah Date: 2025.05.16 Shah 21:24:49 +05'30'

Mehul Shah EVP - Compliance & Company Secretary (FCS no- F5839)

Encl: as above

Registered Office : The Times Group, Sunteck Icon, CTS 6956 VLG, Kolekalyan Vimantal, CST Link Road, Kalina, Near Mercedes Show Room, BKC Junction, Santacruz East, Mumbai - 400098, Maharashtra, India. Tel: 022 68896222. E-mail: mehul.shah@timesgroup.com www.enil.co.in Corporate Identity Number: L92140MH1999PLC120516

Press Release

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ENIL Delivers Strong Q4FY25 PAT Growth of 39.4% YoY

Mumbai, May 16, 2025: Entertainment Network (India) Ltd (ENIL), India’s leading audio and experiential entertainment company and the operator India’s #1 FM network Radio Mirchi , announced its financial results for the quarter and year ended March 31, 2025 . Despite an overall challenging media and advertising environment, ENIL posted a resilient performance, driven by sharp growth in its Non-FCT and Digital segments.

In Q4FY25, ENIL reported consolidated revenues of ₹158 Crores, up 5.0% YoY. Domestic revenues stood at ₹154 Crores, registering a 2.9% YoY increase. Notably, this growth came on the back of strong performance in Non-FCT formats and Digital businesses, even as the core FCT business faced a high base due to government-led election campaigns last year.

Full-year Domestic Revenues rose by 9.4% to ₹526 Crores, with consolidated revenues at ₹544 Crores for FY25.

EBITDA (excluding digital) for Q4FY25 stood at ₹37.4 Crores, up 3.4% YoY; with a margin of 27.5% compared to 27% in Q4FY24. PAT (excluding digital) surged 21% to ₹21.4 Crores compared to Q4FY24.

ENIL’s digital segment continued to build scale and efficiency, led by the revamped Gaana platform. For the full year, digital revenues stood at ₹76 Crores (26% of radio revenues) compared to ₹47 Crores in FY24. Encouragingly, quarterly digital investment reduced by 15% in Q4FY25, continuing a consistent downward trend from previous quarters.

In addition, ENIL’s international business recorded revenues of ₹19.2 Crores for FY25, with positive EBITDA.

The company’s balance sheet remains robust, with a healthy cash reserve of ₹368 Crores as of March 31, 2025.

The Board of Directors has recommended a dividend of ₹ 2.0/- (Previous year ₹ 1.5/-) per equity share of ₹ 10/- each, aggregating ₹ 953.41 lakhs (Previous year ₹ 715.06 lakhs) for the year ended March 31, 2025. The payment is subject to approval of the shareholders at the ensuing annual general meeting.

Commenting on the results , Mr. Yatish Mehrishi, CEO, ENIL, said: "We are pleased by our performance in FY25, especially in light of the broader challenges in the media ecosystem. Our Non-FCT revenues grew by 44.8% in Q4 and over 20% for the full year, supported by a vibrant mix of events, IPs, and brand solutions. On the digital front, Gaana’s new version has shown strong subscriber traction and pricing acceptability, while our spend efficiency continues to improve. These results reaffirm our belief in ENIL’s evolving multi-platform strategy and our readiness to grow in an ever-evolving media market."

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About ENIL: (BSE Code: 532700) (NSE Code: ENIL)

Entertainment Network (India) Limited (ENIL) is a leading city-centric media company and is listed on the BSE and NSE. Incorporated in June 1999, ENIL operates FM radio broadcasting stations in 63 Indian cities and is headquartered in Mumbai. Promoter of ENIL, Bennett, Coleman & Co. Limited (BCCL), is the flagship company of The Times of India Group, which has a heritage of 176 years and is one of India’s leading media groups.

For More Information Please Contact:

Sanjay Ballabh sanjay.ballabh@timesgroup.com Entertainment Network (India) Ltd.

Runjhun Jain/ Sneha Salian Ernst & Young LLP M: 98207 20993 / 98194 30437 E: runjhun.jain1@in.ey.com / sneha2.salian@in.ey.com

Disclaimer

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in our business segments, changes in governmental policies, political instability, legal restrictions on raising capital, and unauthorized use of our intellectual property and general economic conditions affecting our industry. ENIL may, from time to time, make additional written and oral forward-looking statements, including our reports to shareholders. The Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.