RADIOCITY · price
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Awaiting price reaction for this filing.
Music Broadcast Limited (Radio City) reported Q1 FY26 (quarter ended June 30, 2025) unaudited results. Revenue from operations fell to ₹4,932.45 lakhs, down about 9.8% sequentially from ₹5,467.05 lakhs and roughly 17% lower year-on-year from ₹5,960.05 lakhs in Q1 FY25. The company swung to a loss of ₹217.42 lakhs versus a profit of ₹257.88 lakhs in the year-ago quarter. EPS slipped to ₹(0.06) from ₹0.07. Operating margin compressed sharply to 16.13% from 26.62% YoY, and net profit margin turned negative at -4.41%. Total expenses eased to ₹5,852.10 lakhs from ₹6,171.91 lakhs, and no fresh impairment was booked this quarter (Q4 FY25 had absorbed a one-time ₹3,492.99 lakh asset impairment). Net worth stood at ₹49,556.25 lakhs with debt-equity ratio at 0.26.
The sharp YoY revenue decline and return to a quarterly loss signal continued demand pressure on the radio advertising business, which may weigh on the stock in the near term. The absence of new impairment is mildly reassuring, but shareholders should keep watch on the pending PPL music royalty case (currently stayed) and the NCLT matter involving promoters of parent Jagran Prakashan Limited, both of which carry potential downside if rulings turn unfavourable.