Investor Presentation on Financial Results for the quarter and year ended March 31, 2026
RADIOCITY · price
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Music Broadcast Limited (Radio City) reported Q4 FY26 revenue of Rs 40.8 Cr, down 25% YoY and 12% sequentially from Q3. Full year FY26 revenue was Rs 174.4 Cr versus Rs 234.5 Cr in FY25, a 26% decline. Despite lower revenues, the company achieved significant cost savings of Rs 52 Cr for the year, with total costs reduced by 23% YoY. Manpower costs fell 24% (from Rs 79 Cr to Rs 60.4 Cr) and office running costs dropped 10%. Operating EBITDA margin improved from 16.8% in FY25 to 18% in FY26. However, the company recorded a Rs 49 Cr impairment charge on non-current assets, resulting in a net loss (PAT after adjustment) of Rs 45.9 Cr for FY26 versus a loss of Rs 25.2 Cr in FY25. Short-term borrowings were completely eliminated, reducing from Rs 100.2 Cr to zero.
While revenue continues to decline, aggressive cost restructuring has improved operating margins and eliminated debt. However, the large asset impairment and net loss may keep the stock under pressure despite operational improvements.