Entertainment Network Revises Q1 FY27 Digital Revenue Figures
"Entertainment Network revised its Q1 FY27 digital business revenue to Rs 31.1 crore, correcting a typographical error in its earlier press release."
Entertainment Network Corrects Digital Revenue Figure in Q1 FY27 Release
Entertainment Network (India) Ltd. has released a revised version of its Q1 FY27 earnings press release, correcting the reported revenue of its digital business. The company clarified that the digital business generated Rs. 31.1 crore during the quarter, replacing the earlier reported figure of Rs. 21.1 crore.
The correction reflects stronger-than-earlier reported growth in the digital segment, while the company's consolidated financial performance for the quarter remains unchanged.
Revised Digital Revenue and Q1 FY27 Highlights
- Digital Growth: The revised revenue represents 43.3% YoY growth, with the digital business contributing 30.2% of total revenue.
- Operational Efficiency: Investment in the digital business declined to Rs. 8.3 crore from Rs. 9.8 crore a year ago, indicating improved operating efficiency.
- Core Business: The company's non-digital business also recorded improved profitability, with 7.4% EBITDA growth and 85% growth in Profit After Tax (PAT).
What to Watch Next
- Investors will monitor the continued growth of ENIL's digital business, its contribution to overall revenue, and the company's ability to improve profitability while scaling its digital offerings.
- Progress in monetising digital platforms and maintaining momentum in the company's core radio business will also remain key areas of focus.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
Other News
SJS Enterprises Reports Highest-Ever Quarterly Revenue and Profit Since IPO in Q1 FY27
SJS Enterprises Limited has reported its Q1 FY27 financial results, achieving its highest-ever quarterly revenue and profitability since its IPO. The company recorded strong growth in operating revenue, EBITDA, and Profit After Tax (PAT), while also announcing new business wins, operational milestones, and strategic expansion initiatives.
Magellanic Cloud Subsidiary Wins Rs 12.12 Crore Railway Surveillance Contract
Magellanic Cloud Limited announced that its wholly owned subsidiary, Provigil Surveillance Limited, has received a letter of acceptance (LOA) from Western Railway, Ratlam Division for a Rs 12.12 crore contract. The project involves the supply, installation, testing and commissioning of an integrated CCTV surveillance system to upgrade telecom passenger amenities and communication infrastructure across railway stations.
One 97 Communications Shareholding Update
SAIF III Mauritius Company Limited has reduced its stake in One 97 Communications Limited after selling shares through an open market transaction. The disclosure was made under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.