Production House
Radio silence broken as ENIL swings back to red in December quarter
Higher income, heavier costs and one-off hits shape Radio Mirchi owner’s run.
MUMBAI: Radio may thrive on sound, but this quarter the numbers did most of the talking at Entertainment Network India Limited (ENIL), the Radio Mirchi operator and a subsidiary of Bennett, Coleman & Company Limited.
For the quarter ended December 31, 2025, ENIL reported total income of Rs 166.28 crore, up from Rs 159.94 crore in the same quarter last year. Revenue from operations stood at Rs 159.82 crore, compared with Rs 153.70 crore a year earlier, reflecting steadier domestic advertising and incremental overseas income.
Despite the top-line growth, the December quarter slipped into the red. ENIL posted a net loss of Rs 6.20 crore, reversing a profit of Rs 8.51 crore in the corresponding quarter of the previous year. The swing was largely driven by higher costs and an exceptional expense of Rs 8.10 crore booked during the period.
Quarterly expenses climbed to Rs 170.02 crore from Rs 148.46 crore a year ago. Production expenses alone jumped to Rs 62.43 crore from Rs 48.34 crore, while other expenses rose to Rs 39.17 crore from Rs 31.32 crore, highlighting sharper content and operating costs.
For the nine months ended December 31, 2025, ENIL reported total income of Rs 428.97 crore, up from Rs 398.41 crore in the corresponding period last year. Revenue from operations for the nine-month period increased to Rs 408.19 crore from Rs 372.67 crore. However, the company reported a net loss of Rs 14.92 crore for the period, compared with a marginal loss of Rs 0.73 crore a year earlier, again weighed down by exceptional items.
Geographically, India continued to do the heavy lifting. Domestic operations generated Rs 155.44 crore in the December quarter, while overseas markets including the United States, Qatar and Bahrain contributed Rs 9.52 crore. Over the nine-month period, India accounted for Rs 398.09 crore of revenue, with international markets adding Rs 24.95 crore.
For the full year ended March 31, 2025, ENIL had reported a net profit of Rs 11.81 crore on total income of Rs 563.47 crore, underscoring how sharply the current financial year has been shaped by cost pressures and one-off adjustments.
In short, while Radio Mirchi’s tunes continue to draw advertisers, the latest numbers show ENIL navigating a tricky frequency, balancing revenue growth with rising costs as it works to retune its financial performance.
Film Production
Priyanka Kaur Dhillon joins SVF Entertainment as lead for music distribution
A seasoned content dealmaker with 16 years in digital and satellite media joins the Bengali entertainment powerhouse as it pushes into the pan-India music market
Mumbai: Priyanka Kaur Dhillon has made her move. The content acquisitions and commercials veteran, most recently commercial manager at Sony Pictures Networks India, has joined SVF Entertainment as lead for music distribution, stepping into one of the more interesting briefs in regional entertainment right now.
SVF is no ordinary regional label. Over 30 years it has built a formidable legacy in Bengali cinema and music, driven by culturally resonant storytelling and a catalogue that consistently punches above its weight. Its recent success with Chiraiya underlines the point. But the Kolkata-based powerhouse now has its sights firmly set beyond Bengal, most visibly through Legacy, a rap reality series produced in collaboration with hip-hop label Kalamkaar that signals a deliberate push into the pan-India music ecosystem.
Dhillon brings precisely the kind of muscle SVF needs for that expansion. At Sony Pictures Networks India, she led film acquisition and commercials and handled music licensing across the entire satellite network. Before that, she spent nearly 15 years at Hungama, rising to assistant general manager and leading strategic content licensing for the platform’s digital entertainment business, with a particular focus on international markets. Her label relationships span the full roster: Sony Music, Universal Music, Warner Music, Believe International, Tunecore, The Orchard and a clutch of smaller aggregators. She has negotiated and closed deals with Hollywood studios, Bollywood production houses and regional content players alike, building pricing models and deal structures off data analysis rather than instinct.
Announcing the appointment, Dhillon said she was “thrilled to begin this journey with an iconic Bengali music label and content powerhouse,” adding that SVF’s “constant drive to push boundaries” was what drew her to the role.
SVF has spent three decades proving that regional does not mean limited. With a sharp commercial operator now steering its music distribution, its bid to go national just got a good deal more serious.
