Music Broadcast Limited — Investor Meet, 23-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Music Broadcast Limited posted FY25 revenue of Rs. 234.5 Cr, up 3% YoY, with operating EBITDA at Rs. 40 Cr (16.8% margin). Digital revenue surged 36% YoY, now 11% of sales, led by platforms like SMINCO and an exclusive Spotify partnership. Q4 included a one-time Rs. 34.9 Cr asset impairment loss. Inventory utilization steady at 77-78%, with 19% market share amid a slight industry volume drop. Digital growth and cost control are key for near double-digit expansion in FY26. Cash reserves remain healthy at Rs. 349 Cr.