ENIL Q4 Review - Beating On Solutions Business: ICICI Securities

Radio disc jockey hosts show. (Photographer: Kevin P. Casey/Bloomberg News) 

ENIL Q4 Review - Beating On Solutions Business: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

ICICI Securities ENIL Q4FY21 Result Update.pdf


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