Q2 2026 Music Broadcast Ltd Earnings Call Transcript
Key Points
- Music Broadcast Ltd (NSE:RADIOCITY) has implemented strategic initiatives to reduce operating costs by INR6 crores to INR7 crores per quarter without impacting operational efficiency.
- The company has maintained a strong market share of 18% and continues to be the preferred platform for advertisers, capturing the highest total client base at 42% in the radio sector.
- Approximately 34% of the total income was contributed by alternate revenue streams, reflecting the company's strategic intent to diversify and enhance financial resilience.
- Ad volumes have shown an upswing compared to the previous quarter, indicating a positive trend in advertising activity.
- The company has a strong cash reserve of INR362 crores as of September 30, 2025, providing financial stability and flexibility.
- The company's revenue performance was moderate due to subdued demand as advertisers deferred campaigns in anticipation of GST benefits.
- Adjusted profit after tax for the quarter stood at a negative INR4.6 crores, indicating financial challenges.
- Margins have been under pressure due to a shift in growth from Tier 1 to Tier 2 and Tier 3 markets, which have lower yields.
- Digital revenue contribution has dipped, with standalone digital revenues under pressure.
- The company is still operating at 75% to 80% of pre-COVID levels, indicating a slow recovery to pre-pandemic performance.
Ladies and gentlemen, good day and welcome to Q2 FY '26 earnings conference call of Music Broadcast Limited. This conference call may contain forward-looking statements about the company, which are based on beliefs, opinions, and expectations of the company as on the date of this call. These statements are not the guarantees of future performance and involve risk and uncertainties that are difficult to predict.
(Operator Instructions)
Please note that this conference is being recorded. I now hand the conference over to Mr. Abraham Thomas, CEO of Music Broadcast Company. Thank you, and over to you, sir.
Good afternoon, everyone, and a very warm welcome to the quarter two FY '26 Earnings Conference Call of Music Broadcast Limited. Joining me on the call is Mr. Rajiv Shah, our CFO; and our Investor Relations partner, Strategic Growth Advisors.
Before we get into the numbers, we would like to update you that the company has carried out certain strategic initiatives at our end
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