MUSIC BROADCAST LIMITED

Management reported that the first quarter of FY27 marked a positive start for Music Broadcast Limited, with sequential revenue growth and improved profitability. The core radio business revenue increased to INR35.5 crores, while the creative business rebounded to INR9.8 crores. Total revenue for Q1 FY27 was INR44.5 crores, a 10% decline year-on-year but a 9% increase sequentially. Operating EBITDA improved significantly to INR8.9 crores, with EBITDA margins expanding to 20%. Management highlighted a focus on disciplined execution and operational efficiencies to support sustained margin expansion. The company reported a profit after tax of INR9.2 crores, compared to a loss in the previous year. Management noted that 80% of their advertisement contracts are recurring, and they are focused on enhancing client engagement and monetization across platforms. The earnings call concluded with management expressing cautious optimism despite a softer start to Q2.

Management emphasized strong revenue growth and improved profitability.