Earnings call transcript Q1FY27

entertainment network (India) limited 12 August 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 Q1FY27 Dear Sir/ Madam, Please find enclosed herewith the transcript of the Investors’ Call / Earnings Conference Call– Q1FY27, held on 6 August 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 Q1 FY27 Earnings Conference Call” August 06, 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 August 06, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Entertainment Network (India) Limited Q1 FY27 Earnings Call. As a reminder, all participant lines will be in listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the call over to Ms. Sneha Salian from EY Investor Relations. Thank you, and over to you, ma'am. Sneha Salian: Thank you, Atharva. A warm welcome to all the participants to the Entertainment Network (India) Limited Q1 FY27 Earnings Call. The investor presentation and the financial results are available on the company's 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 the audio of the conference call is a 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; and 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: Thanks, Sneha. Good morning, everyone. On behalf of ENIL, I extend a very warm welcome to all participants joining us for our Q1 FY27 earnings call. We announced our results yesterday, and I hope you had a chance to review them. I will now take this opportunity to walk you through our performance. During the quarter, we recorded domestic revenue of INR111 crores, marginal degrowth of 1.9% year-on-year. Performance was affected by the geopolitical conflict and related uncertainties, which led to our event cancellations, curtailed travel activities of artists and consequently lower business volumes during the quarter. EBITDA for the quarter grew by 42% to INR8.8 crores. This was achieved through the successful execution of several strategic cost rationalization measures we have undertaken during the year. Encouraging to note that despite prevailing macro headwinds, the non-digital business improved profitability, delivering EBITDA growth of 7.4% and PAT growth of 85% during the quarter. Page 2 of 9 Entertainment Network (India) Limited August 06, 2026 Our international operations, though impacted by the West Asia conflict, contributed INR3 crores in revenue. The company continues to maintain a robust balance sheet with a cash balance of INR390 crores as of June 30, 2026. Turning now on the performance of our key segments. Let me start with Radio. The Radio FCT Advertising segment delivered reported revenues of INR62.2 crores on the back of ongoing macroeconomic scenario. The challenging conditions witnessed in FY26 extended into Q1 FY27 with advertiser demand remaining soft due to the uncertainties. This is affecting not only Radio segment, but the overall media industry. Despite the headwinds, we maintain our leadership position, showing resilience of our business model. Coming to our non-FCT segment. The non-FCT segment stood at INR17.5 crores, impacted by event cancellations and artist travel disruptions across markets weighed on our business activity. Moving to our Digital business. In this quarter, Digital revenue stood at INR31.1 crores, up 43.3% year-on-year, contributing to 30.2% of our total revenue, up from last year of 23%. This growth was largely powered by Gaana's strong user traction and consumer engagement on the platform. I'm happy to report that investment in Digital business declined to INR8.3 crores from INR9.8 crores in the same quarter last year, reflecting the results of our ongoing operational efforts. We have been reiterating that Digital business will be the key driver of our growth, and Q1 FY27 results were yet another quarter to showcase exactly the same. With this, I'll hand over the call to the moderator and look forward to your questions. Thank you. Moderator: Thank you very much. We will now begin with the question-and-answer session. The first question comes from the line of Suresh from Burrams Financials. Suresh: Sir, actually, so many quarters in our Radio business will suffer from advertising? It is only for West Asia issues or any other issues? And second question, will you only do Radio and Digital business, or you will go for any other ventures, –to revive the company? You try to do any other businesses, sir. Yatish Mehrishi: Thank you, Suresh. See, on overall, yes, the West Asia crisis and overall economy situation did have an impact on Media. Media, as I've been telling in other earnings calls also, is going through a major transition phase where the subscription numbers or advertising revenues are under pressure where there is a lot of content available. There is media fragmentation happening and which is leading to pressure on overall the advertising landscape. It's not just radio, but be it television, be it print, be it outdoor, all forms of vanilla advertising are under pressure. Page 3 of 9 Entertainment Network (India) Limited August 06, 2026 And in addition to that, with the geopolitical crisis and uncertainties lead to a much bigger impact. And that's the reason the Radio degrowth you are seeing across the board, not just us, but I would say across traditional mediums, there has been a softness in the industry. To your second question, we have 3 businesses we put as verticals. One is radio. The second is Digital, which you rightly said. The third is our Events business, which has been growing really quarter-on-quarter every quarter. This quarter has been marked by a lot of cancellation because of artists couldn't travel. We had to cancel a couple of activities due to the uncertainties. And that's the reason we have not been able to do that. But, otherwise, our 3 major businesses remain Radio, Events and Digital. Suresh: Okay, sir. And actually, this business verticals, all verticals will be some media side, it is not good for growth. Any other diver [Showing first 8,000 characters — download PDF for full document]