Earnings Call/Transcript
Music Broadcast Earnings Call Transcript
Music Broadcast Limited filed the transcript of its Q2 and H1 FY27 earnings call held on October 27, 2026, covering financial performance and business outlook.
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Entertainment
Media & Entertainment
184 Cr
Low Risk
-6.5
31.3
—
0.4
8.67
4.35
Sales CAGR
Profit CAGR
ROE
ROCE

Music Broadcast Ltd (RADIOCITY) is currently trading at 5.38 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Music Broadcast Limited operates private FM radio stations across 39 Indian cities under its flagship Radio City brand, combining broadcast radio with digital content, branded events, sponsorships, and integrated advertiser solutions. It was India’s first private FM broadcaster and has expanded from four cities in 2001 through acquisitions, demerger-led consolidation, and launches of regional and online audio-video properties. Q2 FY27 revenue increased 8% year-on-year to INR41 crores, despite moderating from INR44.5 crores in the previous quarter. The more important development was profitability recovery: total expenses declined 20% year-on-year, operating profit before tax turned positive at INR1.5 crores, and reported profit before tax reached INR8.9 crores. H1 FY27 revenue declined approximately 2% year-on-year to INR85.5 crores, but expenses fell 23% to INR70.4 crores. This operating leverage shifted operating profit before tax from a INR20.2-crore loss to a INR5.6-crore profit, while reported profit before tax improved to INR21.2 crores from a prior-year loss. Non-FCT revenue contributes approximately 18%–20% of revenue, giving Radio City an important diversification opportunity beyond conventional advertising airtime. Management is pursuing profitable concerts, experiential activities, sponsorships, branded content, and digital integrations, particularly in Tier 2 and Tier 3 markets where the company has strong regional presence. Radio City reported a 24% market share and INR283 crores of cash on the books, according to management. However, leadership is withholding multi-year guidance because of market and geopolitical uncertainty, indicating that near-term profitability visibility is stronger than revenue-growth visibility.
Over the past 52 weeks, Music Broadcast Ltd has traded between a low of ₹4.35 and a high of ₹8.67. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Music Broadcast Ltd has a market capitalization of approximately 183.56. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Music Broadcast Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of -6.47 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 183.56 Cr, Music Broadcast Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Music Broadcast Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Music Broadcast Ltd is -6.47. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
Radio City reported operating profit before tax of Rs 1.5 crore in Q2 FY27, compared with an operating loss before tax of Rs 13.3 crore in Q2 FY26. Revenue rose 8% to Rs 41 crore, while total expenses fell 20% to Rs 34.8 crore, making cost reduction the larger contributor to the turnaround.
Music Broadcast reported FY26 revenue of INR174 crore. This was lower than INR234 crore reported in FY25, with management citing subdued advertising spending across certain categories.
Music Broadcast reported net profit of ₹9.22 crore for the quarter ended June 2026, compared with a loss of ₹2.17 crore in Q1 FY26.
Earnings Call/Transcript
Music Broadcast Limited filed the transcript of its Q2 and H1 FY27 earnings call held on October 27, 2026, covering financial performance and business outlook.
Earnings Call/Transcript
Music Broadcast released the audio recording of its October 27, 2026 conference call on Q2 FY27 financial results.
Financial Results
Music Broadcast published newspaper advertisements for its unaudited financial results for the quarter and half year ended September 30, 2026.