Entertainment Network (India) Limited (NSE:ENIL) filed a revised press release with BSE and NSE on 6 August 2026, correcting a typographical error in its Q1FY27 results announcement. The digital business revenue figure, incorrectly stated as Rs 21.1 crore, has been updated to Rs 31.1 crore. No other figures were changed.
Key Highlights
- ENIL corrected a typographical error in its Q1FY27 press release, revising the digital business revenue from Rs 21.1 crore to Rs 31.1 crore, effective 6 August 2026.
- Consolidated revenues for Q1FY27 stood at Rs 113 crore, with domestic revenues of Rs 111 crore and international business contributing Rs 3 crore.
- Group EBITDA grew 42% year-on-year to Rs 8.7 crore, supported by cost rationalisation measures implemented during the quarter.
- ENIL's cash balance remained at Rs 389.7 crore as on 30 June 2026, with digital revenue now representing 30.2% of total company revenue, up from 23.0% in Q1FY26.
About the Company
Entertainment Network (India) Limited (NSE:ENIL), incorporated in June 1999, is a city-centric media company headquartered in Mumbai. It operates FM radio broadcasting stations across 63 Indian cities under the Radio Mirchi brand and runs Gaana, a digital audio streaming platform. The company is listed on both BSE (scrip code 532700) and NSE, and is promoted by Bennett, Coleman and Co. Limited, the flagship entity of The Times of India Group.
Announcement in Detail
On 6 August 2026, ENIL's EVP Compliance and Company Secretary, Mehul Shah, submitted a revised press release to BSE and NSE, citing an inadvertent typographical error discovered in the original filing dated 5 August 2026. The error appeared in the fourth paragraph of the original press release, where digital business revenue for Q1FY27 was stated as Rs 21.1 crore. The corrected figure is Rs 31.1 crore. The company confirmed that no other data points in the press release were affected by this revision.
According to the corrected press release, ENIL's digital business reported revenue of Rs 31.1 crore in Q1FY27, marking a 43.3% increase year-on-year. This growth was attributed primarily to Gaana's user traction and consumer engagement. Notably, investment in the digital segment declined to Rs 8.3 crore from Rs 9.8 crore in Q1FY26, indicating improving operational efficiency within the division. The non-digital business delivered EBITDA growth of 7.4% and profit after tax growth of 85% during the same quarter, despite continued softness in radio advertising demand.
Impact on Investors
Investors will note that the revision materially changes the reported scale of ENIL's digital business. The corrected figure of Rs 31.1 crore positions digital revenue at 30.2% of total consolidated revenue for Q1FY27, a metric that shareholders tracking the company's transition from traditional FM radio to digital platforms will find relevant. The originally filed figure of Rs 21.1 crore would have implied a digital revenue share of approximately 18.7%, a materially lower proportion.
The filing shows that the correction was attributed solely to a typographical error and that no restatement of audited financials has been made. Shareholders will observe that ENIL's cash position of Rs 389.7 crore as on 30 June 2026 and its EBITDA trajectory remain unchanged by this revision. The disclosed terms of the correction do not affect any dividend, buyback, or equity-related corporate action.
Sector / Market Context
India's digital audio and streaming market has expanded steadily as smartphone penetration and data affordability increase. Radio advertising, however, has faced persistent headwinds tied to broader advertising sentiment and competition from digital formats. ENIL's disclosure that digital revenues now constitute 30.2% of total revenue reflects a structural shift that has been observed across traditional broadcasting companies in India over recent years.