Music Broadcast Ltd
NSE:RADIOCITY
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Music Broadcast Ltd
NSE:RADIOCITY
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Music Broadcast Ltd
Music Broadcast Ltd. engages in the operation of private FM radio stations through the brand Radio City. The company is headquartered in Mumbai, Maharashtra and currently employs 415 full-time employees. The company went IPO on 2017-03-17. The firm owns and operates Radio City 91.1 FM. The firm is operating approximately 39 stations across 12 states. The firm also operates approximately 17 Web-stations through its digital interface.
Music Broadcast Ltd. engages in the operation of private FM radio stations through the brand Radio City. The company is headquartered in Mumbai, Maharashtra and currently employs 415 full-time employees. The company went IPO on 2017-03-17. The firm owns and operates Radio City 91.1 FM. The firm is operating approximately 39 stations across 12 states. The firm also operates approximately 17 Web-stations through its digital interface.
Strong Profit Turnaround: Music Broadcast Limited reported a significant sequential improvement in profitability for Q3 FY26, with reported PAT of INR 4.1 crores compared to a loss in the previous quarter.
Revenue Growth: Q3 revenue was INR 46.4 crores, reflecting a robust 23% quarter-on-quarter increase, driven by improved advertiser activity and seasonal momentum.
Margin Expansion: EBITDA margin rose to 34% for the quarter, mainly due to structural cost reductions and better operating leverage.
Cost Controls: Management emphasized that major cost rationalization initiatives are now complete and sustainable, leading to recurring savings of around INR 30 crores annually.
Debt-Free Balance Sheet: As of December 31, the company had no debt and net cash of INR 373 crores, dropping to INR 261 crores after redemption of preference shares in January.
Advertising Market Recovery: The advertising environment showed signs of recovery, but rates remain about 75% of pre-COVID levels and volume saw a slight year-to-date decline.
Ongoing Legal Matter: Management stated there is no expected liability from the ongoing court case with Phonographic, with the company confident of its position.
Digital Strategy: The company is leveraging radio and digital integration, including the use of AI, to develop new revenue streams and solutions for advertisers.
