Entertainment Network (India) Limited — Investor Meet, 21-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

ENIL's Q4 FY26 call showcased consolidated revenues of INR 565 Cr (+3.9% YoY) and a robust INR 424 Cr cash. Digital business surged 84% YoY to INR 112.4 Cr, now 48% of radio revenues, signaling a strategic shift. Radio faced headwinds but maintained 25.2% market share. Q4 non-FCT revenues were hit by geopolitical issues and event cancellations. Gaana, targeting FY27 breakeven, focuses on profitable subscriber growth (15% CAGR) at INR 799/year. Management is contesting an INR 113 Cr tax demand, confident in digital's future and sustainable growth.