27-Oct-2026 14:28:17
MUSIC BROADCAST Q2 CONCALL : REVENUE UP 8% YOY, OPERATING PROFIT TURNS POSITIVE & MANAGEMENT EXPECTS CURRENT PROFITABILITY LEVELS TO SUSTAIN
• MANAGEMENT EXPECTS CURRENT PROFITABILITY LEVELS TO CONTINUE, SUPPORTED BY COST OPTIMISATION & IMPROVED OPERATING EFFICIENCY • MANAGEMENT REMAINS HOPEFUL OF STRONGER FESTIVE ADVERTISING DEMAND DURING H2 FY27, BUT HAS NOT PROVIDED NUMERICAL REVENUE GROWTH GUIDANCE • MANAGEMENT DECLINED TO PROVIDE FY27–FY29 REVENUE GROWTH TARGETS, CITING MARKET & GEOPOLITICAL UNCERTAINTIES • MANAGEMENT EXPECTS QUARTERLY COST RUN RATE OF APPROXIMATELY ₹39–40 CR TO CONTINUE, AS INDICATED DURING THE CONCALL • Q2 REVENUE UP APPROXIMATELY 8% YOY TO ₹41 CR, BUT DOWN 7.9% QOQ FROM ₹44.5 CR • Q2 TOTAL EXPENSES DECLINED APPROXIMATELY 20% YOY TO ₹34.8 CR FROM ₹43.3 CR, SUPPORTED BY COST-REDUCTION INITIATIVES • Q2 OPERATING PROFIT BEFORE TAX TURNED POSITIVE AT ₹1.5 CR, COMPARED WITH AN OPERATING LOSS OF ₹13.3 CR LAST YEAR • Q2 REPORTED PROFIT BEFORE TAX REACHED ₹8.9 CR, COMPARED WITH A LOSS OF ₹6.4 CR YOY • H1 REVENUE DOWN APPROXIMATELY 2% YOY TO ₹85.5 CR, WHILE TOTAL EXPENSES DECLINED 23% TO ₹70.4 CR • H1 OPERATING PROFIT BEFORE TAX IMPROVED TO ₹5.6 CR FROM A LOSS OF ₹20.2 CR, WHILE REPORTED PBT REACHED ₹21.2 CR • MANAGEMENT REPORTED APPROXIMATELY 24% RADIO MARKET SHARE, WITH TRADITIONAL FCT ADVERTISING CONTRIBUTING AROUND 80% OF REVENUE • NON-FCT REVENUE CURRENTLY CONTRIBUTES APPROXIMATELY 18–20%, WITH MANAGEMENT AIMING TO INCREASE ITS SHARE THROUGH EVENTS, SPONSORSHIPS & INTEGRATED ADVERTISING • COMPANY IS EXPLORING CONCERTS & EXPERIENTIAL EVENTS IN TIER 2 & TIER 3 MARKETS, WITH A FOCUS ON COMMERCIALLY PROFITABLE OPPORTUNITIES • MANAGEMENT REPORTED APPROXIMATELY ₹283 CR CASH ON BOOKS, WITH NO CURRENT SHARE BUYBACK PLANS OR DIVIDEND COMMITMENT • MANAGEMENT REMAINS FOCUSED ON PROFITABILITY & REVENUE DIVERSIFICATION, BUT WEAK ADVERTISING DEMAND, SEQUENTIAL REVENUE DECLINE & LIMITED GROWTH VISIBILITY REMAIN KEY RISKS
MUSIC BROADCAST LIMITED