Music Broadcast Limited — Investor Meet, 28-07-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Music Broadcast reported Q1 FY27 revenue of ₹44.5 Cr, up 9% sequentially but down 10% year-on-year. Core radio contributed ₹35.5 Cr, with creative business rebounding to ₹9.8 Cr. Operating EBITDA significantly improved to ₹8.9 Cr (20% margin) from ₹0.9 Cr last year, driven by a 26% reduction in operating expenses. Profit after tax stood at ₹9.2 Cr. Management indicated pure radio advertising is subdued, but creative solutions show traction. Cost optimization is largely complete, with a focus on client engagement and monetization. The company holds a cash balance of ₹270 Cr. Sentiment remains cautiously optimistic for sustained growth.