Music Broadcast Limited — Investor Meet, 25-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Music Broadcast (Radio City) reports Q4 FY26 revenue of ₹40.8 Cr, down YoY, but operating EBITDA surged to ₹6.1 Cr (vs negative ₹3.5 Cr) with 15% margins, driven by aggressive cost cuts. FY26 EBITDA margins reached 18%. Management credits operational efficiency for improved profitability despite a soft ad market. Non-FCT revenues (22%, rising) and digital (8%) are focus areas, with new client additions robust (1,600 in Q4). AI is integrated into content and operations. Despite industry degrowth, Radio City held volumes flat, boosting market share to 17.5%. Most cost efficiencies are actioned, with continuous tech-driven improvements. Outlook is cautiously optimistic on ad demand recovery.