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ICICI Securities Report
Entertainment Network India Ltd.’s Q4 FY21 print shows painful recovery for radio, but solutions business, via digital solutions, is emerging as a bright spot.
The company is now guiding for majority revenue, over 55%, coming from solutions business in the next few years, and digital alone contributing 25% (from 11.5%).
It has taken impairment on additional frequencies amounting to Rs 0.9 billion.
The company sees higher capital allocation into solutions business, both organic and inorganic opportunities to drive faster growth.
It also plans not to restrict presence at producing content, but own subscribers, which is an ambitious transition.
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