RADIOCITY2023-04-012023-06-30 RADIOCITY2023-04-012023-06-30in-bse-fin:OneOperatingExpenses01Member RADIOCITY2023-04-012023-06-30in-bse-fin:OneOperatingExpenses02Member RADIOCITY2023-06-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 540366 RADIOCITY NOTLISTED Music Broadcast Limited Equity 2023-04-01 2024-03-31 2023-07-27 2023-07-18 INR Lakhs First quarter 15:00:00 16:45:00 2023-07-27 2023-07-27 Not applicable Single segment Radio and Broadcasting 2023-04-01 2023-06-30 Unaudited Standalone 530282000.00 56458000.00 586740000.00 0.00 0.00 0.00 163484000.00 23996000.00 82349000.00 296083000.00 565912000.00 20828000.00 0.00 20828000.00 3639000.00 7827000.00 11466000.00 0.00 9362000.00 0.00 0.00 0.00 0.00 9362000.00 0.00 9362000.00 0.00 0.00 691371000.00 2 0.00 0.00 0.03 0.03 0.03 0.03 0.00 0.00 0.26 1.These financial results have been prepared in accordance with IND-AS as prescribed u/s 133 of CA 2013 read with Rule 3 of Companies (Indian Accounting Standards) Rules, 2015 & relevant amendments thereafter. 2.The above financial results for QE June 30, 2023 is reviewed by Audit Committee & approved by the Board on July 27, 2023. 3.MBL is engaged primarily in business of operating private FM radio stations, which constitutes single reportable segment. Accordingly, MBL is single segment company in accordance with Indian Accounting Standard 108 ''Operating Segments''.4.Section 115BAA of Income Tax Act, 1961 provides an option to pay taxes at 22% plus applicable surcharge & cess (“New Rate”), subject to complying with certain conditions. Based on the assessment of future taxable profits, MBL has decided to continue with the existing rate until MAT credit balance is utilised & opt for New Rate thereafter. The management remeasures its deferred tax balance at each reporting period end accordingly.5.A petition under sections 241, 242,244 of CA 2013 has been filed with NCLT, Allahabad on July 10, 2023, by Mr. Mahendra Mohan Gupta (Chairman & MD & Promoter of Jagran Prakashan Limited, Holding Company) & Mr. Shailesh Gupta (WTD & member of Promoter Group of the Holding Company & NED of MBL) in their individual capacities, against other Promoters & members of the Promoter Group of Holding Company. As of this date, MBL does not expect any direct impact of this matter on the financial results of MBL.6.Information as required pursuant to Regulation 52(4) of Listing Regulations: Formulae for computation of ratios are as follows: Ratio Numerator/Denominator: Current ratio (times) =Current assets/Current liabilities, Debt equity ratio (times)=Total debt (including lease liabilities)/Total equity, Debt service coverage ratio (times)=Earnings available for debt service (refer note (i)(a))/Debt service (refer note (i)(b)),Interest service coverage ratio (times)=Earnings available for interest payout (refer note (i)(a))/Interest cost, Long term debt to working capital=Long term debt/Working capital, Bad debts to Account receivable ratio=Bad Debts/Trade Receivables, Current liability ratio=Current liabilities/Total Liabilities, Total debts to total assets=Total debt(including lease liabilities)/Total Assets,Trade receivables turnover ratio (times)=Trade Receivables/Revenue from operations, Operating margin percentage='Profit/(loss) before Tax + Non-cash operating expenses (depreciation & amortisation) + Finance cost/Revenue from operations, Net profit margin percentage='Profit/(loss) for year/Revenue from operations, Note(i): a.Earnings available for debt service/interest payouts= Profit/(loss) for the year + Non-cash operating expenses (depreciation & amortisation ) + Finance costs - Net gain on disposal of property, plant & equipment. b.Debt service = Debt payable including lease liabilities, c.The disclosure related to track record of dividend payment on NCRPS is not applicable in CY.7. During the current qtr, in the matter of MBL vs Phonographic Performance Limited (‘PPL’) & other music providers, the Hon’ble Madras HC partly allowed appeal of PPL & other appellants by providing a ‘minimum floor rate’ of Rs. 660 per needle hour payable to PPL & other appellants w.r.t. the past decade 2010-20. MBL has filed a special leave petition before Hon’ble SC of India challenging the HC judgement. Based on the opinion of external legal counsel & its internal assessment, MBL has a good case on merits &, therefore, MBL does not expect outflow of any economic resources in this matter.8.The figures of QE March 31, 2023 are balancing figures between audited figures in respect of full FY up to March 31, 2023 & unaudited published year-to-date figures up to December 31, 2022, being the date of end of the 3rd qtr of FY, which were subjected to limited review by the statutory auditors of MBL. License fees 49865000.00 Other expenses 246218000.00 0.00 0.00