Music Broadcast Limited Turns Profitable in Q1 FY27: Posts Net Profit of ₹9.22 Crore Driven by Operational Efficiency

Music Broadcast Limited (operates Radio City), a Jagran initiative, announced its unaudited financial results for the first quarter ended June 30, 2026. The company staged a notable financial turnaround, returning to profitability on both a year-on-year (YoY) and quarter-on-quarter (QoQ) basis, primarily aided by significant cost-optimization measures across employee and operating expenses.

Executive Financial Summary

Revenue from Operations: Stood at ₹4,454.32 lakh (₹44.54 crore) in Q1 FY27, reflecting a 9.7% YoY decline from ₹4,932.45 lakh reported in Q1 FY26 (CPLY). Sequentially, revenue grew 9.2% over ₹4,079.14 lakh recorded in Q4 FY26.

Total Income: Reached ₹5,274.41 lakh for the quarter under review, down 6.4% YoY from ₹5,634.12 lakh in Q1 FY26, but up 16.3% QoQ from ₹4,535.14 lakh in Q4 FY26.

Total Expenses: Reduced significantly by 30.9% YoY to ₹4,042.06 lakh in Q1 FY27, compared to ₹5,852.10 lakh in CPLY and ₹9,615.37 lakh in Q4 FY26 (which included a non-recurring impairment charge).

Profit Before Tax (PBT): Turnaround to a profit of ₹1,232.35 lakh in Q1 FY27, compared to a loss before tax of ₹217.98 lakh in Q1 FY26 and a loss of ₹5,080.23 lakh in Q4 FY26.

Net Profit After Tax (PAT): Reported at ₹922.25 lakh (₹9.22 crore) for the quarter ended June 30, 2026, compared to a net loss of ₹217.42 lakh in Q1 FY26 and a net loss of ₹4,795.59 lakh in Q4 FY26.

Total Comprehensive Income: Stood at ₹922.25 lakh for Q1 FY27, against a comprehensive loss of ₹217.42 lakh in CPLY and ₹4,809.26 lakh in Q4 FY26.

Cost Optimization & Expense Breakdown

The company's sharp swing back into profitability was driven by notable efficiency gains across major expense heads:

Employee Benefits Expense: Decreased 32.9% YoY to ₹1,224.92 lakh in Q1 FY27, down from ₹1,824.99 lakh in Q1 FY26 and ₹1,247.84 lakh in Q4 FY26.

Other Expenses: Moderated by 26.9% YoY to ₹1,824.65 lakh during the quarter under review, compared to ₹2,497.98 lakh in Q1 FY26 and ₹2,196.46 lakh in Q4 FY26.

License Fees: Remained steady at ₹487.61 lakh in Q1 FY27, compared to ₹490.64 lakh in CPLY and ₹479.51 lakh in Q4 FY26.

Depreciation & Amortisation: Reduced to ₹407.69 lakh from ₹707.53 lakh in Q1 FY26 and ₹663.58 lakh in Q4 FY26.

Finance Costs: Declined significantly by 76.4% YoY to ₹72.19 lakh in Q1 FY27, compared to ₹305.98 lakh in Q1 FY26 and ₹123.75 lakh in Q4 FY26.

Net Impairment Losses on Financial Assets: Stood at ₹25.00 lakh for the quarter under review.

Tax Expense & Share Capital

Tax Expense: Total tax expense for Q1 FY27 stood at ₹310.10 lakh, comprising current tax of ₹173.07 lakh and deferred tax of ₹137.03 lakh.

Paid-Up Equity Share Capital: Stood at ₹6,913.71 lakh (face value of ₹2 per share) as of June 30, 2026.

Earnings Per Share (EPS): Basic and diluted EPS turned positive to ₹0.27 per share (face value ₹2 each, not annualised) for Q1 FY27, compared to a negative EPS of ₹(0.06) in Q1 FY26 and ₹(1.39) in Q4 FY26.

Shares of Music Broadcast Limited was last trading in BSE at Rs. 5.92 as compared to the previous close of Rs. 5.90. The total number of shares traded during the day was 8873 in over 23 trades.

The stock hit an intraday high of Rs. 6.20 and intraday low of 5.92. The net turnover during the day was Rs. 52749.00.

Source : Equity Bulls

Keywords

MusicBroadcast INE919I01024 RADIOCITY Q1FY27 Q1FY2027 ResultUpdate