Radio City’s parent company, Music Broadcast Limited, reported a net profit of Rs 6.68 crore for the quarter ended September 30, 2026, compared with a net loss of Rs 6.88 crore in the year-ago period. The turnaround came amid lower expenses and an increase in operating revenue.
As first reported by Storyboard18, the company’s revenue from operations rose 8.2% year-on-year (YoY) to Rs 40.96 crore in Q2 FY27, from Rs 37.84 crore in the corresponding quarter last year. However, revenue declined 8% quarter-on-quarter (QoQ) from Rs 44.54 crore in Q1 FY27.
Total income, including other income, increased 8.4% YoY to Rs 48.43 crore from Rs 44.68 crore. Sequentially, it fell 8.2% from Rs 52.74 crore in the June 2026 quarter.
Lower expenses drive quarterly profit
Music Broadcast reported a profit before tax of Rs 8.94 crore in Q2 FY27, against a loss before tax of Rs 8.75 crore in Q2 FY26. Profit before tax stood at Rs 12.32 crore in the preceding quarter.
Total expenses declined 26.1% YoY to Rs 39.49 crore from Rs 53.44 crore. The year-ago quarter included an impairment charge of Rs 22.85 crore, while no such charge was recorded in Q2 FY27. The company had reported an impairment charge of Rs 25 lakh in Q1 FY27.
Employee benefit expenses fell 18.3% YoY to Rs 12.84 crore from Rs 15.73 crore, although they rose 4.8% QoQ from Rs 12.25 crore.
Depreciation and amortisation expenses declined 42.4% YoY to Rs 4.06 crore from Rs 7.05 crore. License fees fell marginally to Rs 4.72 crore from Rs 4.76 crore, while finance costs dropped to Rs 0.62 crore from Rs 3.06 crore in the year-ago quarter.
The company reported a tax expense of Rs 2.25 crore, compared with a tax credit of Rs 1.88 crore in Q2 FY26.
First-half profit at Rs 15.91 crore
For the six months ended September 30, 2026, Music Broadcast reported a net profit of Rs 15.91 crore, compared with a net loss of Rs 9.05 crore in the corresponding period last year.
Revenue from operations declined 1.9% YoY to Rs 85.50 crore from Rs 87.17 crore. Total income edged up 0.2% to Rs 101.18 crore from Rs 101.02 crore.
Total expenses fell 28.6% to Rs 79.92 crore from Rs 111.96 crore, while profit before tax stood at Rs 21.26 crore, against a loss before tax of Rs 10.93 crore in the first half of FY26.
Employee benefit expenses declined 26.1% to Rs 25.09 crore, while depreciation and amortisation expenses fell 42.4% to Rs 8.13 crore. Finance costs decreased to Rs 1.35 crore from Rs 6.12 crore in the year-ago period.
For the financial year ended March 31, 2026, Music Broadcast reported a net loss of Rs 53.32 crore on revenue from operations of Rs 174.43 crore.
The results follow reports of workforce reductions at Radio City in September 2025, when the company was said to have let go of 100 to 150 employees, primarily across non-core functions. The move came amid pressure on radio broadcasters to streamline operations and manage costs.
