Entertainment Network (India) Limited — Updates, 12-11-2024: Press Release

**Financial Highlights:** ENIL reported Q2FY25 revenues of ₹114 Crores, marking a 9% year-over-year increase, with domestic revenues also rising 9% to ₹110 Crores. For the half-year concluded September 30, 2024, domestic revenues increased 14.2% year-over-year to ₹192 Crores. EBITDA (excluding digital) was ₹22.5 Crores, yielding a margin of 23.2%. Profit Before Tax (PBT) rose to ₹11.2 Crores, up from ₹8.5 Crores in Q2FY24.

**Strategic Initiatives and Growth Drivers:** Digital revenues, including contributions from Gaana, reached ₹15.4 Crores, now 21.4% of total radio revenue, up from 10.8% in Q2FY24. This growth is attributed to product enhancements and greater platform adoption amid recent price adjustments.

**Business Developments:** The international market generated ₹1.4 Crores in EBITDA this quarter, indicating positive performance abroad.

**Market Position and Competitive Advantage:** ENIL's balance sheet remains robust, with a cash position of ₹391 Crores as of September 30, 2024, supporting ongoing strategic initiatives.

**Investor Implications:** Despite pressures on the media industry, ENIL's diverse revenue streams and strong digital growth signal a positive outlook for the upcoming quarters, supported by their investment in Gaana and an established IP portfolio.