RADIOWALLA
Radiowalla Network financials
- Market cap
- ₹18 Cr
- Calls analysed
- 3
RADIOWALLA Q4 FY26
What went well
- Full year FY26 revenue of 20.3 crores and net profit of 10.7 lakhs.
- Added 3,000 new stores for in-store radio during the year, demonstrating strong organic growth.
- Expanded international presence to 12 countries across 4 continents, with new subsidies in UAE and Canada.
What to watch
- H2 FY26 saw a revenue of 10 crores, resulting in a negative EBITDA of 16 lakhs and a negative net profit of 31 lakhs.
- Advertisement revenue, a high-margin business, declined 20-25% YoY in H2 FY26 due to geopolitical 'war situation' starting in January.
Guidance record · Q4 FY26
what the last two calls moved 11 tracked 1 delivered 5 missed 5 open- Middle East Subsidiary Establishment delivered said Q4 FY25 Promised: Looking at setting up a subsidiary in Dubai. Q4 FY26: Achieved. A 100% owned subsidiary was established in the UAE in January, a slight delay from the 'before December end' target.
- Digital Screen Count Growth missed said Q4 FY25 Promised: Our screen count has almost doubled in the last one year and we hope to do that again this year. Q4 FY26: Ended FY26 with 1,100+ screens. The target was to double the count from ~800 in FY25, which would be ~1600. The target was missed.
- Digital Screens Under Management delayed said Q4 FY25 Promised: 5,000 screens under management in the next two to three years Q4 FY26: Screen count increased to 1,100+ from 800+ in H1. However, the timeline was extended from 'by '27' to 'next three to four years'.
All 11 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q2 FY26: revenue up 36.3%, net profit down 57.9% against the same quarter last year.
| Line item | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 8 | 7 | 8 | 10 | 11 +39% | 10 +36% |
| EBITDA | 0 | 1 | 1 | 1 | 1 +229% | 1 −40% |
| Net profit | -0 | 1 | 1 | 0 | 0 +1800% | 0 −58% |
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 −57.6% 1Y
1Y: ₹58.3 on 10 Sept 2025 → ₹24.7. High ₹72 (28 Oct 2025), low ₹22.55 (30 Mar 2026).
How the price took the results
close before → close after
- Q4 FY26
- −4.9%
- 25 May
- Q2 FY26
- 0.0%
- 12 Nov
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.
Balance sheet
| Year ending | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Equity capital | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹5 Cr | ₹7 Cr |
| Reserves | ₹-1 Cr | ₹-1 Cr | ₹-0 Cr | ₹3 Cr | ₹1 Cr | ₹12 Cr |
| Borrowings | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Other liabilities | ₹5 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹2 Cr | ₹5 Cr |
| Total liabilities | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹8 Cr | ₹9 Cr | ₹26 Cr |
| Fixed assets | ₹1 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹3 Cr | ₹7 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹6 Cr | ₹6 Cr | ₹18 Cr |
| Total assets | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹8 Cr | ₹9 Cr | ₹26 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.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, DIIs trimmed −2.22 pp while the public added +1.25 pp. The shareholder count grew 6% to 558.
- Promoters
- 41.5%
- FIIs
- 1.2%
- Public
- 57.3%
Since Jun 2025
- DIIs −2.22 pp
- Public +1.25 pp
- FIIs +0.63 pp
How it drifted, 8 quarters
Over this window DIIs fell from 3.8% to 0.0% — −3.8 pp.
Ownership split by quarter, oldest first. Sep '24: Promoters 41.0%, FIIs 0.6%, DIIs 3.8%, Public 54.6%.Dec '24: Promoters 41.0%, FIIs 0.6%, DIIs 0.1%, Public 58.3%.Mar '25: Promoters 41.1%, FIIs 0.6%, DIIs 2.2%, Public 56.1%.Jun '25: Promoters 41.2%, FIIs 0.6%, DIIs 2.2%, Public 56.0%.Sep '25: Promoters 41.2%, FIIs 0.6%, DIIs 2.2%, Public 56.0%.Dec '25: Promoters 41.3%, FIIs 0.6%, DIIs 2.2%, Public 56.0%.Mar '26: Promoters 41.4%, FIIs 0.6%, Public 58.0%.Jun '26: Promoters 41.5%, FIIs 1.2%, Public 57.3%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Tarun Dua newly disclosed 1.45% held
- Harvinderjit Singh Bhatia +0.11 pp 3.86% held
The same filing shows 0 holders trimming and 5 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Radiowalla Network Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Anil Srivatsa | 19.85% | unchanged |
| Gurneet Kaur Bhatia | 17.73% | unchanged |
| Hemant Hansraj Kenia | 6.49% | unchanged |
| Harvinderjit Singh Bhatia | 3.86% | +0.11 pp |
| Harpreet Singh | 3.50% | unchanged |
| Devendra Agarwal | 2.86% | unchanged |
| Gaurav Rakesh Gupta | 2.73% | unchanged |
| Dipalee A Desai | 1.73% | unchanged |
| Vikas Newatia | 1.60% | unchanged |
| Tarun Dua | 1.45% | newly disclosed |
| Lucky Banwani | 1.11% | unchanged |
| Tarvinder Jit Singh Bhatia | 0.06% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
All earnings calls (3)
Read the Q4 FY26 call →Learn to analyse Radiowalla Network Limited
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