Music Broadcast Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
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Music Broadcast Limited reported FY25 revenue from operations of Rs. 234.48 crore, up about 2.6% from Rs. 228.53 crore in FY24, with total income at Rs. 261.35 crore. However, the company swung to a net loss of Rs. 33.95 crore in FY25 versus a profit of Rs. 6.84 crore in FY24, mainly due to a one-time impairment of non-current assets of Rs. 34.93 crore booked in Q4 FY25. EPS turned negative at Rs. (0.98) vs Rs. 0.20, and net profit margin fell to -14.43% from 2.99%. Statutory auditor Price Waterhouse LLP issued an unmodified opinion but flagged the ongoing NCLT petition (related to Jagran Prakashan promoter dispute) as an Emphasis of Matter. The Board accepted the resignation of Chairman Vijay Tandon citing health reasons and appointed S.N. Dhawan & Co LLP as the new statutory auditor for five years; Madhukar Kamath was named the new Non-Executive Chairman.
The Rs. 35 crore impairment drove a full-year loss and is likely to weigh on the stock in the short term, though it is a non-cash, one-time charge and operating cash flows remained positive. Investors should watch for any further write-downs and monitor the new auditor's first review along with the leadership transition at the board level.