Mumbai-headquartered ENIL’s domestic revenue increased by 4% to ₹548 crore during the fiscal year ended March 31, according to the company’s audited financial results announced on Saturday.
In the fourth quarter of FY26, consolidated revenue stood at ₹142 crore, while domestic revenue came in at ₹139 crore.
ENIL, which operates radio brand Radio Mirchi and music streaming platform Gaana, said its digital business was the key growth driver.
The company’s annual revenue from the digital business surged by 84% from the previous year to ₹112.4 crore, with the segment now accounting for over 48% of the radio revenue, signaling a significant shift in ENIL’s business mix.
The company said Gaana expanded its user base and engagement levels during the year, while digital spending declined by 23%, indicating improving unit economics.Radio advertising remained subdued amid weak industry conditions, while the international business remained steady at ₹18.4 crore.
Excluding digital operations, EBITDA for FY26 stood at ₹76 crore, translating into an 18% margin, while profit after tax stood at ₹22 crore.
ENIL maintained a healthy balance sheet, with a cash balance of ₹404.2 crore as of March 31, 2026.
The company’s board recommended a dividend of ₹2 per equity share of face value Rs 10, aggregating to ₹9.5 crore, subject to shareholder approval at the upcoming annual general meeting. The payout remains unchanged from the previous year.
“FY26 was a demanding year for media businesses, shaped by elevated geopolitical tensions and a cautious advertising environment,” said Yatish Mehrishi, chief executive officer of ENIL.
“Against this backdrop, ENIL demonstrated strong organisational resilience by sustaining revenues, driving cost efficiencies, and progressing its digital transformation with financial discipline,” he said. “Our digital business grew by 84%, with digital now nearing 50% of radio revenues, reflecting a structural shift in our portfolio.”