Outcome of Board Meeting for the approval of the Financial Results of the Company for the Financial year ended March 31, 2026 and other agenda items
RADIOCITY · price
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Music Broadcast Limited reported a net loss of Rs 5,332.41 lakhs for FY26, worsening from Rs 3,383.70 lakhs loss in FY25. Revenue from operations declined significantly to Rs 17,443.25 lakhs from Rs 23,448.11 lakhs in FY25, representing approximately 26% decline. The company recorded an exceptional impairment loss of Rs 4,900 lakhs on non-financial assets due to value-in-use being lower than carrying value. Operating cash flow remained positive at Rs 2,170.40 lakhs. The statutory auditor issued an unmodified (clean) opinion, though an Emphasis of Matter paragraph was included regarding NCLT petitions involving promoters of holding company Jagran Prakashan Ltd. The Board also reconstituted the Nomination and Remuneration Committee and appointed Ernst & Young LLP as internal auditor for FY27.
The significant revenue decline and widening losses indicate continued financial stress for the radio broadcasting company. The clean audit opinion provides some comfort, but the Emphasis of Matter on holding company disputes may concern investors. The impairment charge has materially reduced net worth from Rs 4,954.37 lakhs to Rs 4,453.43 lakhs.