Integrated Filing — IndAS

General information about company
Scrip Code	540366
NSE Symbol	RADIOCITY
MSEI Symbol	NOTLISTED
ISIN	INE919I01024
Name of company	MUSIC BROADCAST LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	20-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	09-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	Radio and Broadcasting
Start date and time of board meeting	20-May-2025   15:00:00
End date and time of board meeting	20-May-2025   17:00:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2025-01-28
Indicate Company website link for updated RPT policy of the Company	https://www.radiocity.in/images/uploads/pdf/RPTPolicy-MBL%2028012025-461746548323.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	Yes

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	546705000	2344811000
	Other income	70084000	268646000
	Total income	616789000	2613457000
2	Expenses
(a)	Cost of materials consumed	0	0
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	0	0
(d)	Employee benefit expense	196886000	786732000
(e)	Finance costs	30335000	115904000
(f)	Depreciation, depletion and amortisation expense	86899000	346177000
(f)	Other Expenses
1	License Fees	49330000	201531000
2	Impairment of Non-Current Assets	349299000	349299000
3	Net Impairment Losses on Financial Assets	129418000	149360000
4	Other Expenses	275701000	1080820000
	Total other expenses	803748000	1781010000
	Total expenses	1117868000	3029823000
3	Total profit before exceptional items and tax	-501079000	-416366000
4	Exceptional items	0	0
5	Total profit before tax	-501079000	-416366000
6	Tax expense
7	Current tax	-14677000	0
8	Deferred tax	-106148000	-77996000
9	Total tax expenses	-120825000	-77996000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	-380254000	-338370000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	-380254000	-338370000
17	Other comprehensive income net of taxes	-581000	-1104000
18	Total Comprehensive Income for the period	-380835000	-339474000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	691371000	691371000
	Face value of equity share capital	2	2
27	Details of debt securities
22	Reserves excluding revaluation reserve		4285996000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	-1.1	-0.98
	Diluted earnings (loss) per share from continuing operations	-1.1	-0.98
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	-1.1	-0.98
	Diluted earnings (loss) per share from continuing and discontinued operations	-1.1	-0.98
24	Debt equity ratio	0.0025	0.0025
25	Debt service coverage ratio	0.0006	0.0037
26	Interest service coverage ratio	-0.0477	0.131
27	Disclosure of notes on financial results		Financial results have been prepared as per Ind AS prescribed under sec 133 of the Cos Act, with Rule 3 of the Companies (IAS) Rules & amendments thereafter. Above financial results for the for quarter and year ended March 31, 2025 reviewed by AC & approved by BOD on 20.05.2025 subject to LR by statutory auditors. Company engaged primarily in the business of operating private FM radio stations, which constitutes single reportable segment. Accordingly, Company is single segment company in accordance with IAS 108 ''Operating Segments''. Sec 115BAA of the IT Act, 1961 provides an option to pay tax at 22% plus surcharge and cess, subject to complying with certain conditions. Based on the assessment of future taxable profits, Company decided to continue with the existing rate until MAT credit balance is utilised and opt for the New Rate thereafter. The management measures its deferred tax balance at the end of each reporting period accordingly. Petition under sec 241, 242 and 244 of Companies Act has been filed with NCLT on July 10, 2023, by Mahendra Mohan Gupta (Non-Executive Chairman & Promoter of JPL, the Holding Company) & Shailesh Gupta (WTD & member of the Promoter Group of Holding Company & NED in their individual capacities, against the other Promoters and members of the Promoter Group of the Holding Company. Litigation is currently pending at NCLT & several submissions have been made by all parties to the NCLT. As of this date, the Company does not expect any impact of this matter on its financial position as at Mar 31, 2025 and its future operations. Information as required pursuant to Reg 52(4) of Listing Reg. Refer note no.8 for the disclosure relating to track record of dividend payment on NCRPS. During the year ended March 31, 2024, in the matter of the Company vs Phonographic Performance Limited (‘PPL’) and other music providers, the Hon’ble High Court of Judicature at Madras partly allowed the appeal of PPL and other appellants by providing a ‘minimum floor rate’ of Rs. 660 per needle hour payable to PPL and other appellants for the use of sound recordings by the Company over its radio stations in the past decade 2010-2020. The Company has filed a special leave petition before the Hon’ble Supreme Court of India challenging the High Court judgement. Further, PPL had filed a contempt petition against the Company and its directors and KMPs with the High Court of Judicature at Madras, alleging contempt of the order dated April 27, 2023, which was heard by the High Court of Judicature at Madras and an order dated July 31, 2024 was issued directing the Company to deposit 50% of the amount projected in their grounds of appeal in the Special Leave Petition filed in the Hon'ble Supreme Court of India, i.e., Rs. 1,550 lakhs. During the current quarter, an appeal was filed by the Company before the Division Bench of High Court of Judicature at Madras on August 09, 2024, and the High Court of Judicature at Madras, vide its interim order dated September 05, 2024, has granted a stay against the above-mentioned demand order. Based on the opinion of external legal counsel and its internal assessment, the Company has a good case on merits and, therefore, the Company does not expect outflow of any economic resources in this matter. The BOD had declared interim dividend for financial year ended March 31, 2025 of Rs. 0.01 per Non-Convertible Non-Cumulative Redeemable Preference Shares (“NCRPS”) ie. 0.1% of the face value of Rs. 10 each of NCRPS, which was paid before February 21, 2024 to all the NCRPS holders whose names appear in the Register of Members of NCRPS as on the record date i.e. February 26, 2025. The Company has computed the value in use of its net assets and the said value is lower than the carrying value of its net assets by Rs.3,492.99 lakhs. Accordingly, the impairment loss of Rs.3,492.99 lakhs has been provided for in these financial results during the quarter and year ended March 31, 2025. The figures of the last quarter in each of the financial years are the balancing figures between audited figures in respect of the full financial year and the published year-to-date figures up to the end of the third quarter of the respective financial year.

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	678695000
	Capital work-in-progress
	Investment property
	Goodwill	0
	Other intangible assets	909889000
	Intangible assets under development	711000
	Biological assets other than bearer plants
	Investments accounted for using equity method
	Non-current financial assets
	Non-current investments	1707417000
	Trade receivables, non-current
	Loans, non-current	0
	Other non-current financial assets	237805000
	Total non-current financial assets	1945222000
	Deferred tax assets (net)	221890000
	Other non-current assets	303461000
	Total non-current assets	4059868000
2	Current assets
	Inventories	0
	Current financial asset
	Current investments	1399812000
	Trade receivables, current	757852000
	Cash and cash equivalents	90983000
	Bank balance other than cash and cash equivalents	41248000
	Loans, current	0
	Other current financial assets	102150000
	Total current financial assets	2392045000
	Current tax assets (net)	0
	Other current assets	199793000
	Total current assets	2591838000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	6651706000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	691371000
	Other equity	4285996000
	Total equity attributable to owners of parent	4977367000
	Non controlling interest
	Total equity	4977367000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	0
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	276609000
	Total non-current financial liabilities	276609000
	Provisions, non-current	0
	Deferred tax liabilities (net)
	Deferred government grants, Non-current
	Other non-current liabilities
	Total non-current liabilities	276609000
	Current liabilities
	Current financial liabilities
	Borrowings, current	1001897000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	4691000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	208643000
	Total Trade payable	213334000
	Other current financial liabilities	90676000
	Total current financial liabilities	1305907000
	Other current liabilities	91823000
	Provisions, current	0
	Current tax liabilities (Net)
	Deferred government grants, Current
	Total current liabilities	1397730000
3	Liabilities directly associated with assets in disposal group classified as held for sale
4	Regulatory deferral account credit balances and related deferred tax liability
	Total liabilities	1674339000
	Total equity and liabilites	6651706000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Remeasurements of post-employment benefit obligations	-820000	-1557000
	Total Amount of items that will not be reclassified to profit and loss	-820000	-1557000
2	Income tax relating to items that will not be reclassified to profit or loss	-239000	-453000
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss
5	Total Other comprehensive income	-581000	-1104000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			-416366000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			115904000
	Adjustments for decrease (increase) in inventories			0
	Adjustments for decrease (increase) in trade receivables, current			-114198000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			20699000
	Adjustments for decrease (increase) in other non-current assets			-148000
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			-4584000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			-6969000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			2287000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			346177000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			349299000
	Adjustments for provisions, current			0
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			2967000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			0
	Adjustments for interest income			228175000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			-13478000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			-15226000
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			140734000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			595289000
	Net cash flows from (used in) operations			178923000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			12845000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			166078000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			1780621000
	Other cash payments to acquire equity or debt instruments of other entities			1963940000
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			1883000
	Purchase of property, plant and equipment			121739000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			4975000
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			206884000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			6557000
	Net cash flows from (used in) investing activities	-94709000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			0
	Repayments of borrowings			0
	Payments of lease liabilities			44414000
	Dividends paid			90000
	Interest paid			29888000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-74392000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-3023000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			-3023000
	Cash and cash equivalents cash flow statement at beginning of period			94006000
	Cash and cash equivalents cash flow statement at end of period			90983000