Slides
Page 1
Q2 FY27 INVESTOR PRESENTATION 04th November 2026 A T I M E S G R O U P C O M PA N Y
Page 2
Presentation Flow About ENIL Financials Highlights Operating Highlights India’s multi - platform entertainment Company Overall review of our organization’s financial performance Top features of Gaana App, solution - driven event sales & international business highlights 01 02 03
Page 3
ABOUT ENIL
Page 4
Enduring Legacy. Radio Established in 1993 100Mn Social Reach Largest Radio Network in India Largest events company of India Started as Times FM: became Radio Mirchi in 2000 Content in 13 languages and 25+ local dialects 60 Mn reach across 63 cities; Most awarded Radio company over last 3 years 3+ Mn participants across 400+ events annually
Page 5
ENIL: Unmatched Footprint, Unrivaled Engagement, Unstoppable Growth STRONG SALES NETWORK ICONIC BRANDS CONTENT POWERHOUSE LOVED ON SOCIAL • Two Powerful Brands • 250 - member sales team in 63 cities • 13 languages, 25+ dialects • 21.7 Mn+ Subscribers, 10.3 Bn+ Views • 101.1 Mn Followers, • 42 Mn Monthly Engagement • 300+ content creators across markets • 130+ hyper - local influencers (RJs) • 10,000+ client relations • 800+ customized solutions, 200 events • Digital Inventory sales for 700+ Clients • Live, on - ground • Omnipresent online
Page 6
YATISH MEHRISHI PREETI NIHALANI SUMIT AGGRAWAL UDIT TYAGI SANJAY BALLABH CHIEF EXECUTIVE OFFICER CHIEF OPERATING OFFICER CHIEF STRATEGY & GROWTH OFFICER CHIEF DIGITAL OFFICER CHIEF FINANCIAL OFFICER With 23+ years across FMCG, telecom, and media, Yatish leads ENIL’s transformation, focusing on innovation and sustainable growth. He holds an MBA from London Business School. Preeti’s results - driven approach has been invaluable in advancing ENIL’s vision and culture of excellence. She played a pivotal part in the evolution of Indian radio industry. Sumit brings over 20 yrs experience in FMCG, health tech, and media, excelling in strategic planning, growth, and innovation for media conglomerates. He holds an MBA from MIT Sloan. Udit has deep expertise in digital transformation and has built & scaled digital businesses within media and consumer products, fostering a culture of experimentation and growth. A CA and Cost & Management Accountant, Sanjay has extensive financial management experience in the media and entertainment sector, serving leading companies in the industry. Proven leadership team with 120+ years of combined professional experience
Page 7
63 CITIES From Metros to Heartlands - ENIL is Everywhere RADIO STATIONS 73
Page 8
We speak the language of India - literally and culturally 13 25+ INDIAN LANGUAGES DIALECTS • Understand hyperlocal nuances • Offer integrated local solutions (Radio + Digital + Ground)
Page 9
MAU across Digital Subscribers Views MAU on Gaana Followers on Social Far Reaching Digital Presence 153.1M+ 20.0M 101.1 M+ 21.7M+ 10.3 B+
Page 10
Dedicated handles tailored to India’s diverse audience: Mirchi Plus Mirchi Gujarati Mirchi Live Mirchi Telugu Mirchi Marathi Mirchi Delhi Mirchi Punjabi Mirchi Mumbai Mirchi Kannada Mirchi Tamil Mirchi Malayalam Mirchi 95 Bangalore Mirchi 95 Hyderabad Mirchi 95 Bangla
Page 11
Executive Summary • Domestic Revenue at ₹1136.5 Mn; EBITDA grew 9.5% YoY to ₹112.6 Mn • Existing business Revenue at ₹807.2 Mn & PAT grew 12.0% YoY to ₹28.7 Mn • Digital Revenue grew 4.6% YoY to ₹33 Mn & EBITDA losses reduced 23.3% YoY to ₹75.2 Mn • Digital segment share of domestic revenue rose to 29.0% from 23.3% in Q2 FY26. • International Business reported ₹31.8 Mn revenue • As of Sep 30, 2026, consolidated cash Balance stood at ₹3.71 Bn
Page 12
FINANCIAL HIGHLIGHTS
Page 13
Steady increase in Digital Revenue as % of Standalone Business 3.2% 11.5% 23.3% 29.0% Q2FY24 Q2FY25 Q2FY26 Q2FY27
Page 14
• Net Cash as on September 30th, 2026: ₹ 3.51 Bn ₹ In Millions Q2 FY27 Q2 FY26 YoY (%) YTD Sep'26 YTD Sep'25 YoY (%) Total Income 1,136.5 1,354.2 (16.1%) 2,244.1 2,483.7 (9.6%) Operating Expenditure 1,023.9 1,251.4 (18.2%) 2,043.7 2,319.1 (11.9%) EBITDA 112.6 102.8 9.5% 200.4 164.6 21.7% EBIT (97.3) (89.6) (8.6%) (209.6) (218.7) 4.1% PBT (51.9) (57.4) 9.6% (112.0) (140.2) 20.1% PAT (38.8) (35.7) (8.7%) (83.8) (87.2) 3.9% Total Comprehensive Income/Loss (38.1) (35.7) (6.6%) (77.0) (89.6) 14.1% Condensed Statement Of Operations (Standalone)
Page 15
Balance Sheet (Standalone) Sep'26 %age to Total Mar'26 %age to Total Shareholders' Funds 7,391.1 83.7% 7,563.5 82.9% Financial Lease Liability 1,441.1 16.3% 1,558.8 17.1% Total 8,832.2 100.0% 9,122.3 100.0% Fixed Assets (Net) Tangible & Intangibles 2,462.6 27.9% 2,626.4 28.8% Right of Use Asset 926.8 10.5% 1,076.9 11.8% Sub-total 3,389.4 38.4% 3,703.3 40.6% Investment in Subsidiaries 193.2 2.2% 193.2 2.1% Investment in Spardha e-learnings 70.0 0.8% 70.0 0.8% Deferred Tax Assets (Net) 544.7 6.2% 518.8 5.7% Other Long Term Assets (Net) 536.0 6.1% 591.8 6.5% Short Term Assets (Net) 591.4 6.7% 3.3 0.0% Cash & Cash Equivalents 3,507.5 39.7% 4,041.9 44.3% Total 8,832.2 100.0% 9,122.3 100.0% As on ₹ In Millions
Page 16
Condensed Statement Of Operations (Consolidated) • Net Cash as on September 30th, 2026: ₹ 3 .71 Bn ₹ In Millions Q2 FY27 Q2 FY26 YoY (%) YTD Sep'26 YTD Sep'25 YoY (%) Total Income 1,167.0 1,411.4 (17.3%) 2,303.9 2,580.8 (10.7%) Operating Expenditure 1,046.5 1,297.6 (19.4%) 2,093.1 2,391.3 (12.5%) EBITDA 120.5 113.8 5.9% 210.8 189.5 11.2% EBIT (105.5) (93.4) (12.9%) (231.1) (222.7) (3.8%) PBT (61.2) (61.8) 1.1% (135.9) (144.9) 6.2% PAT (48.6) (40.8) (19.0%) (108.6) (93.6) (16.1%) Total comprehensive income/loss (46.7) (37.3) (25.3%) (101.8) (94.3) (7.9%)
Page 17
OPERATING HIGHLIGHTS
Page 18
Record Engagement Highest - ever subscriber plays per user across all streams Driven by algorithm driven auto queue upgrades Matches songs on mood, tempo and musical character New queue controls: mood, activity and genre filters and one - tap refresh
Page 19
MUSIC ON THE BIG SCREEN Gaana now live on Samsung smart TVs Full discovery and player experience built for TV GAANA PRE - INSTALLED ON ALL VIVO PHONES Partnerships Strong Early engagement: 30+ minutes per listening user
Page 20
Partnerships Launched Noise Buds R1 – Gaana Edition in partnership with Noise, includes 1 year of Gaana Plus Live on both Gaana and Noise websites, with in - app launch promotion and press coverage CO - BRANDED HARDWARE BUNDLED WITH GAANA PLUS
Page 21
Hear It First Subscribers hear select UMG releases 72 hours early Launched with Badshah and Harrdy Sandhu singles An exclusive reason to subscribe 72 - HOUR EARLY ACCESS FOR SUBSCRIBERS
Page 22
Artist Collaborations & New IPs on Gaana BUILDING ARTIST - LED CONTENT Gaana DISCVR: new IP spotlighting emerging artists, 1M+ views, 438K+ reach Gaana Off The Record: artist - led storytelling IP on Instagram and YouTube Gaana Unplugged: sessions with Sachet – Parampara, Vipin Aneja, Avdhoot Gupte, Garvit – Priyansh Celebrity collabs: Sonu Nigam, Tanishk Bagchi, Himesh Reshammiya, Adnan Sami, YRF, T - Series Performance marketing with Alpha, Dhamaal 4, Awarapan 2 and the Mirzapur cast
Page 23
Gaana Social: Festival - Led Engagement GANESH CHATURTHI "COMPLETE THE MANTRA" CONTEST Run in collaboration with Times Music Spiritual 63% of viewers were non - followers , extending reach beyond Gaana's community 276 new follows; a template for festival - led subscription campaigns
Page 24
983 trees adopted as visible symbols of Mumbai's green commitment T ransformed Raksha Bandhan into a city - wide environmental movement, extending protection into a collective commitment to safeguarding Mumbai’s trees An in - house website with a live tracker showcased participation in real time, supported by photo - led verification; while Jackie Shroff being the face of the campaign Vriksha Bandhan Reimagining Raksha Bandhan for a Greener Mumbai Objective Innovation Impact Drove citizen engagement at scale
Page 25
500K+ Cumulative reach on Instagram An initiative by Mirchi Delhi to demystify Artificial Intelligence for everyday listeners through engaging, interactive content that builds awareness Integrated AI across Mirchi Delhi’s on - air and digital content through AI - produced station IDs, expert - led conversations featuring AI creators, IIT faculty and cybersecurity specialists Mirchi Par AI - GIRI Exploring the World of Artificial Intelligence Objective Impact Significant spike in listenership for AI - focused content. Innovation
Page 26
3x Growth in WhatsApp Responses Mirchi Chandigarh’s idea transformed a radio - led Independence Day initiative into a real - world experience, bringing listeners closer to the Indian Army The World’s First - Ever Border Podcast beyond the studio, taking 25 listeners on a 1,200+ km journey from Chandigarh to Shipki La and Lapcha Border Podcast With Listeners The First - ever Border Podcast: Radio Without Boundaries Objective Impact Innovation ~400 handwritten letters sent to the Indian Army
Page 27
To create a high - impact Ganpati campaign by Mirchi Pune, combining engagement, celebrity participation and on - ground brand visibility with digital amplification The campaign brought together celebrity appearances, a celebrity music launch, on - ground branding and listener engagement Mirchi Fortune Modak Ganpati Utsav: Powered by Stars, Driven by Music Objective Impact Innovation 35 + 2.5M+ 3 Celebrities associated Digital views Brand partnerships received
Page 28
Celebrate the richness of the Telugu language, deepen audience engagement and create a strong cultural and digital connect around Telugu Language Day Through exclusive interviews and collaborative reels, the initiative brought together cultural pride, influencer appeal and RJ - led content Telugu Language Day Taking Mirchi's Digital Reach Global Objective Impact Innovation 1M 25K+ 3K+ Organic digital reach in a single day Likes Comments
Page 29
Mirchi Chennai’s drive to position Vocal for Local as a high - impact platform celebrating local businesses and MSMEs, while strengthening Built an integrated platform combining exclusive conversations with key government stakeholders, including an interview with MSME Minister P. Mathan Raja Vocal For Local Empowering Businesses, Engaging Communities Objective Impact Innovation 40,000+ Footfall
Page 30
50,000+ 90,000+ 5,000+ registrations Provide students with a platform to showcase their talent, gain recognition within their campus through fun participative activities Created a structured multi - stage campus engagement journey, with the winner getting decided by live voting on the Mirchi LIVE website on - ground interactions Pop Cam activations Mirchi Freshers 2026 Campus talent hunt: 100 colleges, 16 cities Objective Activity Impact
Page 31
1 st 5 4 th International artist on the IP To build Royal Stag Boombox as a flagship youth - centric music IP, celebrating the fusion of Bollywood and hip - hop, positioning it as a cultural movement Launched as a multi - city live music festival featuring regional and international artists; an immersive ecosystem with gaming, food, fashion, and interactive brand zones Headline artists Edition of the IP Royal Stag Boombox 4.0 French Montana headlines the Hyderabad finale Objective Activity Impact
Page 32
4 2 Day celebration Celebrate the spirit of Onam through traditional festivities and engaging experiences that bring communities together while driving meaningful brand engagement A four - day activation at a Trivandrum tech park, followed by cookery contests in Trivandrum and Cochin; combining festive participation, cultural celebration and on - ground experiences Cities covered Mirchi Tech Onam Onam with Kerala's tech community Objective Activity Impact
Page 33
To encourage responsible celebrations by raising awareness about beach cleanliness after Ganesh Utsav and inspiring young people Extended the sustainability message beyond the studio through on - ground RJ engagement at a beach clean - up drive, and raising awareness Beach Clean - Up Drive Keeping beaches clean after Ganesh Utsav Objective Activity Impact Encouraged youth participation in the beach clean - up drive Raised awareness about responsible waste management and post - festival beach cleanliness Reinforced Mirchi’s role in driving community participation around environmental responsibility
Page 34
To build a sustained, commuter - centric brand property for Hyundai through relevant, real - time traffic updates Simplify traffic conditions, launched across seven key cities, supported by RJ - led editorial integrations Hyundai Traffic Quality Index Reviving the Traffic Update in a New Avatar Objective Activity Impact A distinctive, utility - led commuter property A platform for sustained brand association
Page 35
To raise awareness about the vital role of mangroves in protecting coastlines by turning conservation into an engaging, participative experience Mirchi integrated Radio, On - Ground activations and Digital amplification to make mangrove conservation interactive, introducing India’s first - ever Mangrove Digital Game Mangrove Digital Game 600+ Gameplays, One Greener Future Objective Activity Impact 600+ 115K+ 1.10M+ participants across Hyderabad and Kolkata Reach Views
Page 36
L everage Kolkata’s passion for football to bring Royal Challenge Packaged Drinking Water’s “Choose Bold” positioning to life through an engaging campaign Integrated campaign across Radio, Digital and On - Ground platforms, combining RJ - led promotions, a branded mobile football challenge across Kolkata, immersive VR football experiences and live Mirchi Studio Shifts Royal Challenge: The Bold Goal Bringing the Bold Spirit of Football to Life Objective Activity Impact Turned "Choose Bold" into an interactive football experience City - wide brand visibility across Kolkata
Page 37
Raise awareness of cyberbullying and promote safer online behaviour , powered by the NGO Girl Effect ( Chaaja ) Sunoh , a five - episode podcast series featuring Bhumi Pednekar, distributed across digital platforms and audio channels Objective Activity Impact Girl Effect: Sunoh Using the Power of Audio to Tackle Cyberbullying 1.38 Lakh+ Listens across 5 episodes 87K Listen for episode five
Page 38
ASIA BOOK OF RECORDS Celebrated for creativity, Rewarded for impact. 12,084 students coming together for the largest online gathering chanting Ganpati Stotra Awarded by the Asia Book of Record; and applauded by celebs and clients alike.
Page 39
INTERNATIONAL UPDATES
Page 40
Qatar Mirchi BACK TO SCHOOL Mirchi RECHARGE Mirchi Welcomes H.E. DR. SRIKAR REDDY Re-engage listeners and families during the back-to- school season through a high-impact on-ground activation. Build awareness for GWM Cars and Haval among young Indian diaspora families through school-led activations. Qatar: Strengthen Mirchi's relationship with the Indian Embassy as a cultural bridge for the diaspora. Impact: • The initiative received widespread media coverage across Qatar. • Appreciation from the Ministry of Culture and Qatar. Impact: Impact: • Engaged 300–500 students per school across multiple schools. • First Indian radio station in Qatar to host H.E. Dr. Srikar Reddy on a courtesy visit. Objective: Objective: Objective:
Page 41
Bahrain USA Mirchi SOCCER MANIA Mirchi JASHAN Mirchi BANDHAN BY CHEF PILLAI Turn FIFA World Cup final viewing into a high-energy fan experience for Mirchi listeners. An exclusive lunch bringing select Mirchi listeners closer to celebrity chef Pillai. Karega Ye Bandhan Poora: celebrate the bond between brothers and sisters by inviting listeners to share Raksha Bandhan memories. Impact: • Delivered an unforgettable FIFA final experience for listeners. Impact: Impact: • Experience-led engagement beyond on-air interactions. • 34 listener stories received; top 10 featured. Objective: Objective: Objective:
Page 42
Investor Contacts Entertainment Network is committed to improving its financial performance and continuously enhancing shareholder value through successfully implementing its growth plans. The Company’s investor relations mission is to maintain an ongoing awareness of its performance among shareholders and the financial community. This update covers the company’s financial performance for Q2FY27. We thank you for your support and welcome your feedback and comments regarding this update and other investor issues For further information please contact: Sanjay Ballabh, Chief Financial Officer, Entertainment Network (India) Limited Mobile: +91 98335 70435 Email: Sanjay.ballabh@timesgroup.com Runjhun Jain/Sneha Salian Ernst & Young LLP Mobile: +91 98207 20993 +91 98194 30437 Email IDs: Runjhun.jain1@in.ey.com; Sneha2.salian@in.ey.com
Page 43
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.
Page 44
Thank You