Music Broadcast Limited has closed its trading window for designated persons and their immediate relatives from July 1, 2026, until 48 hours after the declaration of unaudited financial results for the quarter ended June 30, 2026. This measure is implemented to prevent insider trading and ensure compliance with regulatory standards during the sensitive period surrounding financial announcements.

The closure follows the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, along with circulars issued by the stock exchanges and the company's Code of Conduct. The date of the Board Meeting for the results will be communicated to the exchanges in due course.

Pursuant to specific SEBI circulars dated July 19, 2023, and April 21, 2025, the Permanent Account Number (PAN) of designated persons and their immediate relatives will be frozen by Central Depository Services Limited (Designated Depository). This restriction applies to trading in the equity shares of music broadcast during the window closure period.

Key Details

The company has requested the stock exchanges to take the above information on record. Arpita Kapoor, Company Secretary & Compliance Officer, signed the intimation on June 22, 2026.

Music Broadcast Limited has released its earnings call transcript for the quarter and year ended March 31, 2026. The company reported a net loss of ₹48.0 crore for Q4 FY26, compared to a loss of ₹38.0 crore in the same period last year. For the full fiscal year, the net loss widened to ₹53.3 crore from ₹33.8 crore in FY25. The management attributed the full-year loss to an impairment loss of ₹49.0 crore on non-financial assets and a challenging advertising environment.

Revenue from operations for Q4 FY26 stood at ₹40.8 crore, a decline from ₹54.0 crore in Q4 FY25. For the full year, revenue decreased by 26% to ₹174.4 crore from ₹234.5 crore in FY25. Total income for the year declined by 23% to ₹201.2 crore. Despite the top-line contraction, the company achieved total cost savings of ₹52 crore in FY26, driving an improvement in operating EBITDA margins to 18% from 17% in the previous year.

Financial Performance

The company demonstrated significant operational efficiency, with operating EBITDA for Q4 FY26 standing at ₹6.1 crore, a turnaround from the negative EBITDA of ₹3.5 crore in Q4 FY25. The EBITDA margin for the quarter improved to 15%. Total expenses for FY26 amounted to ₹256.8 crore, down from ₹302.9 crore in the prior year. Manpower costs decreased by 24% annually to ₹60.4 crore, while office running costs fell by 10% to ₹41.4 crore.

Operational Efficiency

Management highlighted that strategic realignment and restructuring initiatives, including a reduction in headcount by 20% to 458, supported the cost optimization. Quarterly total operating costs showed a consistent downward trend in FY26, reaching ₹39 crore in both Q3 and Q4, compared to ₹65 crore in Q4 FY25. The company noted that its volume market share increased, reaching 17.5% in March 2026, while the industry witnessed a degrowth of 2%.

The company continues to focus on non-FCT revenues, with events and activations contributing 22% to total revenue. Digital revenues currently account for an 8% share. The basic and diluted earnings per share (EPS) for FY26 were reported at (1.54), compared to (0.98) in the previous year.