Music Broadcast Limited — Investor Meet, 30-07-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Music Broadcast Limited reported Q1 FY'26 revenue of Rs. 49 Cr, Operating EBITDA of Rs. 8 Cr (16.1% margin), and a PAT of minus Rs. 2 Cr, due to industry slowdown and volume degrowth. Radio City maintained its market leadership, with 35% of revenue from alternative streams like digital. Management is strategically realigning costs to enhance operational efficiency and improve margins, targeting approximately 20% in the next 3-5 years, supported by 15-20% growth in non-radio segments. With Rs. 354 Cr cash reserves, the company is cautiously optimistic about future performance, noting early signs of market recovery.