Music Broadcast Ltd (RADIOCITY) Q2FY27 Concall Transcript - Sep-2026 Qtr
Moderator: Ladies and gentlemen, good day, and welcome to Music Broadcast Limited Q2 FY '27 earnings conference call. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Abraham Thomas from Music Broadcast Limited. Thank you, and over to you, sir.
Abraham Thomas (Music Broadcast Limited): Good afternoon, everyone, and welcome to the quarter two FY '27 earnings conference call of Music Broadcast Limited. Joining me today is Mr. Rajiv Shah, our Chief Financial Officer. The second quarter reflects the continued benefits of the strategic and operational initiatives undertaken by the company. While revenue moderated sequentially in a softer operating due to earlier start of festive last year, we remained focused on cost discipline, operational efficiency, and strengthening profitability. Our focus remains on building a resilient business model, improving monetization across our platforms, and sustaining the benefits of the structural measures implemented over the past few quarters. As highlighted in our previous interactions, the company continued to focus on four key priorities: strengthening monetization across radio and Radio Plus platforms, enhancing advertiser engagement through integrated offerings, delivering sustainable and profitable growth, driving operational efficiency and cost efficiency. Radio City continued to pursue diversified revenue opportunities through branded content, events, sponsorships, digital solutions, and integrated advertiser offerings. Our focus remains on deepening relationships with key clients, increasing wallet share, and improving monetization across platforms. The financial performance for quarter two FY '27, revenue for quarter two FY '27 stood at 41 crores compared to 37.8 crore in Q2 FY '26, representing a year-
Abraham Thomas (Music Broadcast Limited): growth of approximately 8%. Sequentially, the revenue moderated to 44.5 crore in quarter 1 FY '27. The company continued to benefit from disciplined cost management and operational efficiency. Total expenses stood at 34.8 crore compared to 43.3 crore in quarter 2 FY '26, a reduction of approximately 20% year on year. As a result, operating profit before tax stood at 1.5 crore, compared with an operating loss of 13.3 crores in Q2 FY '26. Reported profit before tax stood at 8.9 crore, compared to a loss of 6.4 crore in quarter 2 FY '26. H1 FY '27 performance: For the first half of FY '27, revenues stood at 85.5 crore, compared to 87.2 crore in H1 representing a year-on-year decline of approximately 2%. Total expenses stood at 70.4 crore, compared to 91.7 crore in H1 FY '26, a reduction of approximately 23%. Operating profit before tax stood at 5.6 crore, compared with an operating loss of 20.2 crore in H1 FY '26. Reported profit before tax stood at 21.2 crore, compared with a loss of 6.3 crore in H1 FY '26. The first half performance reflects the cumulative impact of cost optimization and improved operating leverage. Going forward, our focus will be on translating this stronger operating foundation into sustainable revenue growth. The advertising environment continues to require a measured and client-focused approach. We remain focused on leveraging Radio City's strong regional presence, established advertiser relationships, and integrated media capabilities to capture available opportunities. Our priorities include strengthening core radio monetization, increasing engagement with strategic advertisers, expanding non-FCT revenues, and building further traction in branded content, events, sponsorships, and digital integrations. We will continue to maintain financial discipline and operational agility while pursuing revenue opportunities. Our growth remains to sustain-- our objective remains to sustain profitability, strengthen operating leverage, and create long-term value for all stakeholders. With this, I open the floor for questions and answers.
Moderator: Thank you very much, sir. We will now begin the question and answer session. Anyone who wishes to ask a question may press star and one on their touchtone telephone. If you wish to remove yourself from the question queue, you may press star and two. Participants are requested to use handsets while asking a question. Ladies and gentlemen, we will wait for a moment while the question queue assembles. The first question is from the line of Meghna Sarda from an individual investor. Please go ahead.
Meghna Sarda: Hello, good afternoon. Am I audible?
Moderator: Yes, you are, ma'am.
Meghna Sarda: Yes. I have a couple of questions. I wanted to know the FCT and NFCT split for the quarter.
Rajiv Shah (Music Broadcast Limited): NF NFCT, 80-20 is the split right now. For the quarter.
Meghna Sarda: Okay. And what was the market share this quarter?
Rajiv Shah (Music Broadcast Limited): 24%.
Meghna Sarda: Okay. And how have you been able to curtail employee cost and other expenses this quarter versus the previous quarter?
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