Analysts/Institutional Investor Meet/Con. Call Updates

entertainment network (India) limited 6 November 2026 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: Transcript of the Investors’ call Q2FY27 Dear Sir/ Madam, Please find enclosed herewith the transcript of the Investors’ Call / Earnings Conference Call– Q2FY27, held on 4 November 2026. The same has been uploaded at: https://www.enil.co.in/stock-exchange-filings-fy2027.php https://www.enil.co.in/financials-investorp-fy2027.php For Entertainment Network (India) Limited Mehul Shah EVP– Compliance & Company Secretary (FCS no- F5839) Encl: a/a 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 “Entertainment Network (India) Limited Q2 and H1 FY27 Earnings Conference Call” November 04, 2026 MANAGEMENT: MR. YATISH MEHRISHI – CHIEF EXECUTIVE OFFICER – ENTERTAINMENT NETWORK (INDIA) LIMITED MR. SANJAY BALLABH – CHIEF FINANCIAL OFFICER – ENTERTAINMENT NETWORK (INDIA) LIMITED MODERATOR: MS. SNEHA SALIAN – EY INVESTOR RELATIONS Page 1 of 9 Entertainment Network (India) Limited November 04, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Entertainment Network (India) Limited Q2 and H1 FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen- only mode. And there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on a touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Ms. Sneha Salian from EY Investor Relations. Thank you, and over to you, ma'am. Sneha Salian: Thank you, Yousuf. A warm welcome to all the participants to the Entertainment Network (India) Limited Q2 FY27 Earnings Conference Call. The investor presentation and the financial results are available on the company website and on the stock exchanges. Please note, anything said on this call which reflects our outlook for the future, or which can be construed as a forward-looking statement must be viewed in conjunction with the risks that the company faces. This conference call is being recorded, and the transcript along with the audio of the same will be made available on the website of the company as well as on the exchanges. Please also note that audio of the conference call is the copyright material of Entertainment Network (India) Limited, and it cannot be copied, rebroadcasted, or attributed in press or media without specific and written consent of the company. To give you a brief business update and to take you through the results, from the management team, we have Mr. Yatish Mehrishi, Chief Executive Officer; Mr. Sanjay Ballabh, Chief Financial Officer. I would now request Mr. Yatish to provide you with a brief update on the quarter. Over to you, sir. Yatish Mehrishi: Thank you, Sneha. Good morning, everyone, and thank you for joining us for ENIL Quarter 2 FY27 Earnings Call. I would like to take this opportunity to wish you and your families a very happy and a prosperous festive season. We announced our results yesterday, and I hope you had a chance to review them. Let me share some perspectives on the quarter and the progress we are making across our businesses. Quarter 2 was a mixed quarter for ENIL. The operating environment remained challenging with the subdued advertising demand impacting our radio business. The shift in festive dates also moved more advertising and event revenue in the quarter 3. While these factors weighed on revenue, we improved profitability through structural cost changes and lower digital losses. Our consolidated revenue for the quarter stood at INR117 crores, including INR3 crores from our international operations. Domestic revenue was INR114 crores, down 16.1% year-on-year. Page 2 of 9 Entertainment Network (India) Limited November 04, 2026 Despite the softer revenue environment, we reported EBITDA of INR11.3 crores, on an improvement of 9.5% over the corresponding quarter last year. This was driven by structural cost measures, continued cost rationalization, improved operating efficiencies, and a reduction in losses in our digital business. An important part of our ENIL transformation is the diversification of our revenue streams. Radio now contributes approximately 53% of our domestic revenue and digital 29%, with events and other businesses accounting for the balance. We believe this evolution is important in positioning ENIL as a more diversified media and entertainment company with opportunities extending well beyond traditional radio. Let me briefly take you through the performance of our key businesses. Starting with Radio, the business continued to face a subdued advertising environment with weak overall demand impacting performance. FCT revenue was down 12.6% during the quarter. We continue to maintain our leadership position in the market. Our focus remains on strengthening our core business, improving monetization and driving greater value for our strong brand and market presence. Moving to our non-FCT business. Revenue stood at INR20 crores. The performance was impacted by the shift in the festive calendar, which resulted in certain events moving to subsequent quarters. Importantly, profitability remained healthy with our EBITDA margins improving to 30.8% from 27.8% in the previous quarter last year. We continue to see meaningful opportunities to build, and scale differentiated IPs and properties leveraging our brand relationship and execution capabilities. Coming to Digital. This business continues to gain importance with our overall portfolio. Its contribution to domestic revenue increased to 29% compared with 23% in the corresponding quarter last year. We also improved our profitability on Digital with EBITDA loss reduced by approximately 23% year-on-year. Within Digital, Gaana and Digital Solutions remains our key focus areas. Gaana continues to be an important strategic asset. Our priorities are to expand distribution, improve subscriber acquisition and retention, and strengthen consumer engagement, while remaining focused on improving subscriber economics and moving towards a sustainable business model. Our recently announced partnership with Noise is a good example of how we are leveraging complementary consumer ecosystems to expand our reach and creating new subscriber acquisition opportunities. Digital Solutions is also making progress in broadening client relationship and enabling ENIL to participate in the larger share of advertising and marketing budgets beyond its traditional offerings. Equally encouraging is the progress on profitability. Page 3 of 9 Entertainment Network (India) Limited November 04, 2026 Digital EBITDA losses reduced by 23.3% to INR7.5 crores, compared to INR9.8 crores in the corresponding quarter of previous year. While there is still work to be done to improve the economics of the business, the direction of the progress is very encouraging. We continue to maintain a strong balance sheet with a consolidated cash balance of INR371.5 crores as of September 30, 2026. This provides us with the financial flexibility to invest in our strategic priorities, while maintaining financial discipline. We are focused on building a stronger, more diversified ENIL, with a clear emphasis on sustainable and profitable growth across our businesses. With that, I would like to hand over the call to the moderator. We'll be happy to address your questions. Thank you. Moderator: Thank you very much, sir. We will now begin the question-and-answer session. First que [Showing first 8,000 characters — download PDF for full document]