Q3 2026 Music Broadcast Ltd Earnings Call Transcript
Key Points
- Music Broadcast Ltd (NSE:RADIOCITY) reported a significant improvement in operating performance with EBITDA margins expanding to 34%, reflecting effective cost rationalization.
- The company achieved a strong sequential turnaround with a reported profit after tax of INR4.1 crore, compared to a loss in the previous quarter.
- Revenue for Q3 FY26 increased by 23% quarter-on-quarter, driven by improved advertiser activity and seasonal momentum.
- The company maintains strong advertiser relationships and remains a preferred platform for clients seeking effective regional and mass reach.
- Music Broadcast Ltd has no debt on its books, enhancing its financial stability and flexibility.
- Year-on-year revenue growth remains impacted due to a subdued advertising environment and the absence of substantial political spending seen in the previous year.
- The advertising market remains subdued, affecting overall revenue growth despite cost-saving measures.
- The company's stock is trading below book value, indicating market concerns about the industry's future prospects.
- Rates are still lower than pre-COVID levels, with current rates at approximately 75% of pre-COVID numbers.
- There is ongoing uncertainty regarding the resolution of a court case related to phonographic rights, although the company believes there will be no financial outflow.
Ladies and gentlemen, good day and welcome to Music Broadcast Limited Q3 FY26 earnings conference call. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. (Operator Instructions).
Please know that this conference is being recorded. Please note this conference call may contain forward-looking statements about the company which are based on the beliefs, opinions, and expectations of the company as and date of this call. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict.
I now hand the conference over to the CEO of the company, Mr. Abraham Thomas. Thank you and over to you, sir.
Thank you. Good afternoon, everyone, and a very warm welcome to the quarter 3 earnings conference call of Music Broadcast Limited. Joining me on the call today is Mr. Rajiv Shah, Chief Financial Officer.
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