Music Broadcast Limited (MBL), the company behind Radio City, announced the resignation of its Chief Financial Officer (CFO) and Key Managerial Personnel, Prashant Domadia. The resignation will take effect from the close of business hours on August 15, 2025.

Resignation Details

Prashant Domadia tendered his resignation on July 25, 2025, citing his intention to pursue other professional opportunities. The company disclosed this information in a regulatory filing to the stock exchanges, in compliance with SEBI regulations.

Company's Response

Music Broadcast Limited has acknowledged Domadia's resignation and is expected to initiate the process of finding a suitable replacement. The company expressed its appreciation for Domadia's contributions during his tenure.

Financial Performance

Coincidentally, on the same day as the CFO's resignation announcement, Music Broadcast Limited held a conference call to discuss its financial performance for the first quarter ended June 30, 2025. The company has made the audio recording of this call available on its website, with the transcript to be uploaded in due course.

About Music Broadcast Limited

Music Broadcast Limited operates Radio City, one of India's leading FM radio networks. The company is known for its innovative programming and strong presence across major cities in India.

This development comes at a time when the radio industry is navigating through evolving market dynamics and technological shifts in media consumption patterns. The impact of this leadership change on MBL's financial strategy and future growth plans remains to be seen.

Investors and stakeholders will likely be watching closely for any further announcements regarding the appointment of a new CFO and the company's strategic direction in the coming months.

Music Broadcast Limited , the company behind Radio City, is making significant strides in its digital transformation journey, leveraging artificial intelligence and diversifying its revenue streams to stay ahead in the evolving media landscape.

Digital-Led Growth Strategy

Music Broadcast is aggressively pursuing a digital-led growth strategy, with digital platforms now contributing 10% to the company's overall advertising revenue. This shift towards digital underscores the company's commitment to adapting to changing consumer behaviors and advertiser preferences in the media industry.

AI-Powered Innovation

In a move to enhance its content creation capabilities, Music Broadcast has introduced AI-based RJ innovation. This cutting-edge technology is expected to revolutionize the way radio content is produced and delivered, potentially improving listener engagement and operational efficiency.

Diversification of Revenue Streams

The company has successfully diversified its revenue sources, with 35% of its income now coming from non-traditional verticals. This diversification strategy helps insulate the company from fluctuations in any single market segment and opens up new growth opportunities.

Intellectual Property and Youth-Centric Platforms

Looking towards the future, Music Broadcast is focusing on scaling its monetizable intellectual properties. The company is also developing youth-centric platforms as part of its long-term expansion plans, aiming to capture the attention and loyalty of younger audiences.

Financial Performance

Despite these innovative initiatives, Music Broadcast's financial results for the quarter ended June 30, 2025, reflect some challenges:

The company experienced a 17.28% year-on-year decline in revenue and a significant 49.69% drop in EBITDA. The EBITDA margin contracted by 10.45 percentage points, while the adjusted PAT saw a sharp 97.87% decrease.

Market Position

Despite the challenging quarter, Music Broadcast maintained a strong market share of 18% in Q1 FY26. The company continues to be a preferred choice for advertisers, with 41% of total clients on the radio platform choosing to advertise with Radio City.

Leadership Changes

In a move to strengthen its board, Music Broadcast has appointed Ms. Divya Rupchand Karani as an Additional Non-Executive Independent Director for a term of five years, effective July 24, 2025. Ms. Karani brings extensive experience in communication, media, marketing, and business leadership across South East Asia, UK, and Asia Pacific.

As Music Broadcast navigates through a challenging financial period, its focus on digital innovation, AI integration, and diversification of revenue streams positions the company for potential growth in the evolving media landscape. The coming quarters will be crucial in determining the effectiveness of these strategies in driving financial recovery and sustainable growth.