RADIOCITY2024-07-012024-09-30 RADIOCITY2024-07-012024-09-30 RADIOCITY2024-07-012024-09-30in-bse-fin:OneOperatingExpenses01Member RADIOCITY2024-07-012024-09-30in-bse-fin:OneOperatingExpenses02Member RADIOCITY2024-07-012024-09-30in-bse-fin:OneOperatingExpenses03Member RADIOCITY2024-07-012024-09-30in-bse-fin:FourOperatingExpenses01Member RADIOCITY2024-07-012024-09-30in-bse-fin:FourOperatingExpenses02Member RADIOCITY2024-07-012024-09-30in-bse-fin:FourOperatingExpenses03Member RADIOCITY2024-09-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 540366 RADIOCITY NOTLISTED Music Broadcast Limited Equity 2024-04-01 2025-03-31 2024-10-24 2024-10-14 INR Lakhs Half yearly 15:30:00 16:30:00 2024-10-24 2024-10-24 true Cash Flow Indirect Not applicable Single segment Radio and Broadcasting 2024-07-01 2024-09-30 Unaudited Standalone 548287000.00 64890000.00 613177000.00 0.00 0.00 0.00 199930000.00 28618000.00 86280000.00 318073000.00 632901000.00 -19724000.00 0.00 -19724000.00 -3612000.00 3812000.00 200000.00 0.00 -19924000.00 0.00 0.00 0.00 0.00 -19924000.00 -692000.00 -20616000.00 0.00 0.00 691371000.00 2 -0.06 -0.06 0.00 0.00 -0.06 -0.06 0.00 0.00 0.00 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 quarter and half year ended September 30, 2024 reviewed by AC & approved by BOD on 24.10.2024 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 Sep 30, 2024 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, 2024 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 02, 2024. Single segment 2024-04-01 2024-09-30 Unaudited Standalone 1144292000.00 131121000.00 1275413000.00 0.00 0.00 0.00 393528000.00 56919000.00 171570000.00 628075000.00 1250092000.00 25321000.00 0.00 25321000.00 4258000.00 15198000.00 19456000.00 0.00 5865000.00 0.00 0.00 0.00 0.00 5865000.00 -692000.00 5173000.00 0.00 0.00 691371000.00 2 0.02 0.02 0.00 0.00 0.02 0.02 0.00 0.00 0.00 License Fees 50445000.00 Net impairment losses on financial assets 4973000.00 Other expenses 262655000.00 License Fees 100571000.00 Net impairment losses on financial assets 12957000.00 Other expenses 514547000.00 719170000.00 0.00 0.00 0.00 1494534000.00 260000.00 0.00 0.00 2170361000.00 0.00 0.00 310328000.00 2480689000.00 128527000.00 101605000.00 4924785000.00 0.00 881240000.00 729576000.00 34280000.00 3881000.00 0.00 135321000.00 1784298000.00 0.00 211583000.00 1995881000.00 0.00 0.00 6920666000.00 691371000.00 4630642000.00 5322013000.00 5322013000.00 958075000.00 0.00 234044000.00 1192119000.00 0.00 44607000.00 1236726000.00 0.00 165597000.00 77620000.00 243217000.00 118710000.00 0.00 0.00 0.00 361927000.00 0.00 0.00 1598653000.00 6920666000.00 56919000.00 0.00 -7519000.00 0.00 28909000.00 -2914000.00 -298000.00 0.00 0.00 -54706000.00 0.00 10888000.00 0.00 171570000.00 0.00 0.00 0.00 8787000.00 0.00 0.00 0.00 115351000.00 0.00 -1283000.00 0.00 -8414000.00 0.00 17179000.00 0.00 103767000.00 129088000.00 0.00 0.00 0.00 4021000.00 0.00 125067000.00 0.00 0.00 754662000.00 1326160000.00 0.00 0.00 0.00 0.00 451000.00 63493000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1483000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 58197000.00 0.00 429900000.00 0.00 -147926000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 22052000.00 0.00 0.00 14815000.00 0.00 0.00 -36867000.00 -59726000.00 0.00 -59726000.00 94006000.00 34280000.00 -977000.00 -977000.00 -285000.00 -285000.00