Music Broadcast Limited — Investor Meet, 06-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Music Broadcast reported a strong Q3 FY26 turnaround. Revenue reached INR46.4 Cr (+23% QoQ) and Operating EBITDA surged to INR15.9 Cr, with margins expanding to 34%. Adjusted PAT came in at INR6 Cr, reversing the previous quarter’s loss. The company holds INR261 Cr net cash (post-January NCRPS redemption) and has no debt. Management highlights sustainable cost cuts, expecting around INR30 Cr annual savings. While the ad market remains subdued, focus shifts to Tier 2/3 markets and digital solutions for growth. Management is cautiously optimistic, aiming for profitable growth and improved cash flows.