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
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