At the network level, volume was up by 60% while pricing dropped by 5%. ENIL's operational performance (EBITDA loss of Rs187mn) was marred by 2nd wave as recovery process was delayed since radio is an AND medium of advertising. Further, ad-volumes in high yield markets are still at sub-optimal levels which can prolong the recovery. While there are headwinds in radio segment as price recovery is a long drawn process, management sounded upbeat on the core solutions & digital business which is expected to form...