RADIOCITY

Music Broadcast financials

Market cap: ₹230 Cr
Sector: Media, Entertainment & Publication
Calls analysed: 6

Latest concall · Q1 FY27 · call held 23 Jul 2026

Music Broadcast Limited Q1 FY27

Revenue ₹44.5 cr −10%Operating EBITDA ₹8.9 cr +889%EBITDA Margin 20% Profit After Tax ₹9.2 cr

What went well

Sequential revenue growth of 9% QoQ to INR44.5 crores.
Operating EBITDA improved significantly to INR8.9 crores from INR0.9 crores in Q1 FY26.
EBITDA margins expanded to 20% from 1.9% in Q1 FY26.

What to watch

Revenue declined 10% year-on-year to INR44.5 crores from INR49.3 crores in Q1 FY26.
Q2 is historically a weaker quarter and has begun on a softer note.

Read the full call →

Guidance record · Q1 FY27

what the last two calls moved 7 tracked 4 delivered 2 missed 1 open

EBITDA Margin delivered said Q1 FY26 Promised: A 'remarkable difference' in margins in the next two quarters. Q1 FY27: Promise was achieved in Q3 FY26 and is now closed.
Digital Business Growth went quiet said Q1 FY26 Promised: 15% to 20% growth going forward. Q1 FY27: Management stated digital revenue is 4% of total revenue, but did not provide a growth figure, effectively ghosting the original 15-20% growth promise.
EBITDA Margin on track said Q1 FY26 Promised: 20% overall margin profile in the next 3-5 years. Q1 FY27: EBITDA margin for Q1 FY27 was 20.0%, hitting the long-term target level for the quarter. This is a significant positive development, keeping the promise firmly on track towards being sustained.

All 7 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue down 9.7%, net profit up 524.9% against the same quarter last year.

₹ Cr · quarterly

Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	Q1 FY27
Revenue	55	65	55	49	38 −31%	46 −29%	41 −25%	45 −10%
Expenses	52	55	100	48	43	39	88	36
EBITDA	3	11	-45	1	-5 −281%	8 −30%	-47 −5%	8 +772%
Margin	6%	17%	-83%	2%	-15%	16%	-116%	18%
Other income	6	7	7	7	7	8	5	8
Interest	3	3	3	3	3	3	1	0
Depreciation	9	9	9	7	7	7	7	4
Profit before tax	-2	6	-50	-2	-9 −345%	6 +2%	-51 −1%	12 +665%
Tax rate	1%	39%	-24%	0%	-21%	39%	-6%	25%
Net profit	-2	4	-38	-2	-7 −246%	4 +2%	-48 −26%	9 +525%
EPS	-0.06	0.10	-1.10	-0.06	-0.20	0.11	-1.39	0.27

How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −29.6% 1Y

1Y: ₹8.74 on 10 Sept 2025 → ₹6.15. High ₹8.88 (22 Sept 2025), low ₹4.62 (27 Mar 2026).

How the price took the results

close before → close after

Q1 FY27: +9.4%; 23 Jul
Q4 FY26: −0.3%; 22 May
Q3 FY26: +2.8%; 4 Feb
Q2 FY26: −2.4%; 30 Oct

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue fell 4.2% a year over 3 years, FY23 to FY26. Operating margin narrowed to -25.5%.

Year ending	FY23	FY24	FY25	FY26
Revenue	₹198 Cr	₹229 Cr	₹234 Cr	₹174 Cr
Operating profit	₹23 Cr	₹33 Cr	₹-22 Cr	₹-44 Cr
Operating margin	11.4%	14.5%	-9.5%	-25.5%
Interest	₹4 Cr	₹10 Cr	₹12 Cr	₹10 Cr
Depreciation	₹33 Cr	₹33 Cr	₹35 Cr	₹28 Cr
Net profit	₹3 Cr	₹7 Cr	₹-34 Cr	₹-53 Cr
Net margin	1.6%	3.0%	-14.4%	-30.6%
Cash from operations	₹31 Cr	₹27 Cr	₹17 Cr	₹22 Cr
Free cash flow	₹21 Cr	₹18 Cr	₹4 Cr	₹17 Cr

How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year ending	FY21	FY22	FY23	FY24	FY25	FY26
Equity capital	₹69 Cr	₹69 Cr	₹69 Cr	₹69 Cr	₹69 Cr	₹69 Cr
Reserves	₹541 Cr	₹534 Cr	₹456 Cr	₹463 Cr	₹420 Cr	₹376 Cr
Borrowings	₹23 Cr	₹19 Cr	₹98 Cr	₹106 Cr	₹133 Cr	₹24 Cr
Other liabilities	₹23 Cr	₹31 Cr	₹33 Cr	₹42 Cr	₹35 Cr	₹27 Cr
Total liabilities	₹657 Cr	₹654 Cr	₹656 Cr	₹681 Cr	₹658 Cr	₹496 Cr
Fixed assets	₹283 Cr	₹255 Cr	₹233 Cr	₹219 Cr	₹170 Cr	₹106 Cr
Capital work in progress	₹0 Cr	₹0 Cr	₹0 Cr	₹1 Cr	₹0 Cr	₹0 Cr
Investments	₹202 Cr	₹219 Cr	₹220 Cr	₹247 Cr	₹332 Cr	₹250 Cr
Other assets	₹172 Cr	₹180 Cr	₹203 Cr	₹213 Cr	₹155 Cr	₹140 Cr
Total assets	₹657 Cr	₹654 Cr	₹656 Cr	₹681 Cr	₹658 Cr	₹496 Cr

How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

All earnings calls (5)

Read the Q1 FY27 call →

Learn to analyse Music Broadcast Limited

Guides on how to read this kind of business and the numbers that matter.