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.

Music Broadcast Limited has informed the exchanges regarding the conclusion of the tenure of its Independent Non-Executive Director, Mr. Anuj Puri. His second term in this capacity is scheduled to conclude on May 29, 2026. The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors has taken note of the completion of his tenure. In its announcement, the Board placed on record its sincere appreciation and gratitude for Mr. Puri's valuable contributions to the company during his service as an Independent Director.

Committee Roles to Cease

As a result of the completion of his tenure, Mr. Anuj Puri will step down from his positions on key board committees effective the close of business hours on May 29, 2026. He will cease to hold the following roles:

• Chairperson of the Nomination and Remuneration Committee
• Member of the Audit Committee
• Member of the Corporate Social Responsibility Committee

Details of the Change

The company provided specific details regarding the cessation in an annexure to the regulatory filing. The key particulars regarding the director's exit are summarized below:

The information is also available on the company's official website. The disclosure was signed by Arpita Mehrotra Kapoor, Company Secretary & Compliance Officer of Music Broadcast Limited.