Music Broadcast Ltd (BOM:540366)
₹ 6.76 -0.040 (-0.59%) Market Cap: 2.34 Bil Enterprise Value: 1.47 Bil PE Ratio: 0 PB Ratio: 0.53 GF Score: 71/100

Q4 2026 Music Broadcast Ltd Earnings Call Transcript

May 22, 2026 / 10:00AM GMT
Release Date Price: ₹6.18 (+1.81%)

Key Points

Positve
  • Music Broadcast Ltd (NSE:RADIOCITY) improved its EBITDA margin to 15% in Q4 FY26, up from a negative EBITDA in the same quarter last year, reflecting successful cost optimization initiatives.
  • The company maintained strong relationships with advertisers and leveraged its regional reach and brand recall, despite a challenging advertising environment.
  • There was a significant increase in new client acquisition, with 32% of clients being new in Q4, totaling 1,600 new clients for the quarter.
  • The company focused on alternative revenue streams such as branded content, events, activations, sponsorships, and digital integration, supporting revenue diversification.
  • Operational efficiencies and disciplined cost management led to improved profitability, with operating EBIT showing substantial improvement compared to the previous year.
Negative
  • Revenue for Q4 FY26 was INR40.8 crores, a decline from INR54 crores in Q4 FY25, due to subdued advertising spend across certain categories.
  • The effective rate in Q4 decreased to 107 from 150 in the previous year, indicating a reduction in pricing power.
  • The company reported a loss of INR47.4 crores in adjusted profit after tax for Q4 FY26, compared to a loss of INR35.8 crores in Q4 FY25.
  • The radio industry experienced a 2% degrowth rate, reflecting broader industry challenges.
  • Volume growth remained constant with no increase compared to the previous year, indicating stagnant market conditions.
Operator

Ladies and gentlemen, good day, and welcome to the Music Broadcast Limited Q4 FY26 earnings conference call. (Operator Instructions) Please note this conference call is being recorded.

This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations of the company as on 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 Mr. Abraham Thomas, CEO. Thank you, and over to you, sir.

Abraham Thomas
Music Broadcast Ltd - Chief Executive Officer

Good afternoon, everyone, and a very warm welcome to the quarter four FY26 earnings conference call of Music Broadcast Limited. Joining me on the call today is Mr. Rajiv Shah, our Chief Financial Officer.

During the quarter, the company continued its focus on operational efficiency, disciplined cost management and improving profitability, amid a challenging advertising environment. The strategic

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