Music Broadcast Limited — Investor Meet, 04-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Music Broadcast's Q2 FY'26 revenue was Rs. 37.8 Cr, with operating EBITDA at Rs. 1.4 Cr. Adjusted PAT was negative Rs. 4.6 Cr. Cash reserves stood at Rs. 362 Cr. Performance was moderate due to subdued demand from advertisers deferring campaigns for GST benefits. The company implemented strategic initiatives including manpower rationalization and an asset-light network, expecting Rs. 6-7 Cr cost savings quarterly from Q3. Festive season saw a volume uptick to 74% utilization. Management expressed confidence in improved profitability despite margin pressure from lower yields in Tier 2/3 markets, focusing on efficiency and sustainable growth.