Mumbai, January 28, 2025 – Music Broadcast Limited (NSE: RADIOCITY, BSE: 540366) has announced its Q3 FY25 financial results, reporting a net profit of ₹360.19 lakh, compared to ₹256.91 lakh in Q3 FY24, reflecting substantial advertising revenue and cost optimizations. The company also declared an interim dividend of 0.1% (₹0.01 per share) on Non-Cumulative Non-Convertible Redeemable Preference Shares (NCRPS).
Key Financial Highlights – Q3 FY25 (Standalone)
| Metric | Q3 FY25 | Q3 FY24 | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹6,538.14 lakh | ₹6,043.57 lakh | +8.2% |
| Total Income | ₹7,212.55 lakh | ₹6,624.28 lakh | +8.9% |
| Total Expenses | ₹6,618.63 lakh | ₹6,180.24 lakh | +7.1% |
| Net Profit (PAT) | ₹360.19 lakh | ₹256.91 lakh | +40.2% |
| Earnings Per Share (EPS) | ₹0.10 | ₹0.07 | +42.8% |
- Revenue: ₹17,981.06 lakh (+8.4% YoY).
- Net Profit: ₹418.84 lakh (+8.2% YoY).
Key Business Highlights
- Advertising Revenue Growth
- Increased brand partnerships and regional advertising deals contributed to revenue growth.
- Digital and streaming ad revenues showed double-digit growth.
- Cost Optimization Measures
- Employee expenses increased slightly YoY to ₹1,963.18 lakh but remained controlled.
- Finance costs rose marginally to ₹286.50 lakh, reflecting stable debt management.
Dividend Announcement
- Interim Dividend: 0.1% on NCRPS (₹0.01 per share).
- Record Date: February 7, 2025.
- Dividend Payout Date: On or before February 26, 2025.
Regulatory & Legal Updates
- NCLT Case Update: The company continues to monitor a pending litigation case in the National Company Law Tribunal (NCLT) regarding a dispute among promoters of its holding company, Jagran Prakashan Limited. Management does not expect any financial impact on its operations.
Management Commentary
Shailesh Gupta, Non-Executive Director, Music Broadcast Limited, stated:"Our focus on digital transformation and diversified revenue streams is yielding positive results. The interim dividend reflects our commitment to creating value for NCRPS holders while maintaining financial discipline."
Strategic Outlook & Market Positioning
- Growth in digital advertising and podcasting segment.
- Sustained regional advertising expansion to strengthen local markets.
- Focus on audience engagement through innovative content & strategic brand partnerships.