Music Broadcast Q1 FY27 PAT rises 523% to ₹9.22 crore

Music Broadcast Limited reported a profit after tax (PAT) of ₹9.22 crore for the first quarter ended June 30, 2026 (Q1 FY27), marking a turnaround from the loss of ₹2.18 crore recorded in the corresponding period of the previous year. The company’s operating EBITDA surged 849% year-on-year to ₹8.9 crore, driven by a sharp reduction in costs and improved operational efficiency. The operating EBITDA margin expanded significantly to 20.03% in Q1 FY27, compared to 1.91% in Q1 FY26.

The financial performance was underpinned by a 26% decline in total expenses, which fell to ₹35.6 crore from ₹48.4 crore in the prior year. Employee expenses decreased to ₹12.3 crore from ₹18.2 crore, while other expenses reduced to ₹18.5 crore from ₹25.2 crore. License fees remained stable at ₹4.9 crore. Revenue from operations stood at ₹44.5 crore for the quarter, a decrease of 10% compared to ₹49.3 crore in Q1 FY26.

Operational Performance

On a sequential basis, the company demonstrated strong recovery with revenue growing 9% to ₹44.5 crore from ₹40.8 crore in Q4 FY26. Operating EBITDA jumped 174% quarter-on-quarter to ₹8.9 crore, while PAT improved by 119% from the previous quarter's loss of ₹47.96 crore. The adjusted profit before tax (PBT) for Q1 FY27 stood at ₹12.32 crore, a substantial increase compared to ₹0.11 crore in the same period last year.

Financial Highlights

Particulars (Rs. in Cr)	Q1 FY27	Q1 FY26	YoY Growth
Revenue	44.5	49.3	-10%
Total Expenses	35.6	48.4	-26%
Operating EBITDA	8.9	0.94	849%
Operating EBITDA Margin	20.03%	1.91%	-
PAT	9.22	-2.18	523%

The company’s inventory utilisation improved to 86% in Q1 FY27, up from 69% in the year-ago quarter, indicating better operational leverage. The presentation was submitted to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.17%	-0.99%	-5.23%	0.0%	-35.21%	-76.41%

music broadcast designated Ms. Anurita Patel and Ms. Milli Shah as Senior Management Personnel effective July 22, 2026. The decision was taken by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee, pursuant to Regulation 16(1)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The designations were disclosed to the exchanges under Regulation 30 of the Listing Regulations.

Ms. Anurita Patel heads National Programming, while Ms. Milli Shah heads Commercial and Administration. The identification and designation of both individuals as Senior Management Personnel do not involve new appointments or changes to their existing terms and conditions of employment. Both executives are existing full-time employees of the company.

The Board meeting commenced at 02:30 P.M. and concluded at 04:30 P.M. on July 22, 2026. The disclosure was made in compliance with Regulation 30 read with Schedule III of the Listing Regulations and the SEBI Master Circular issued thereunder.

Details of Designated Personnel

Name	Role	Reason for Designation	Effective Date	Terms of Appointment
Ms. Anurita Patel	Heads National Programming	Identified and designated as Senior Management Personnel pursuant to Regulation 16(1)(d) of the Listing Regulations	July 22, 2026	Existing full-time employment; no change in terms and conditions
Ms. Milli Shah	Heads Commercial and Administration	Identified and designated as Senior Management Personnel pursuant to Regulation 16(1)(d) of the Listing Regulations	July 22, 2026	Existing full-time employment; no change in terms and conditions

The information has been made available on the company's website. Arpita Kapoor, Company Secretary & Compliance Officer, signed the disclosure on behalf of Music Broadcast Limited.