RADIOCITY2023-07-012023-09-30 RADIOCITY2023-07-012023-09-30 RADIOCITY2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member RADIOCITY2023-07-012023-09-30in-bse-fin:OneOperatingExpenses02Member RADIOCITY2023-07-012023-09-30in-bse-fin:OneOperatingExpenses03Member RADIOCITY2023-07-012023-09-30in-bse-fin:FourOperatingExpenses01Member RADIOCITY2023-07-012023-09-30in-bse-fin:FourOperatingExpenses02Member RADIOCITY2023-07-012023-09-30in-bse-fin:FourOperatingExpenses03Member RADIOCITY2023-09-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 540366 RADIOCITY NOTLISTED Music Broadcast Limited Equity 2023-04-01 2024-03-31 2023-10-26 2023-10-16 INR Lakhs Half yearly 15:00:00 18:00:00 2023-10-26 2023-10-26 true Cash Flow Indirect Not applicable Single segment Radio and Broadcasting 2023-07-01 2023-09-30 Unaudited Standalone 524437000.00 57111000.00 581548000.00 0.00 0.00 0.00 172567000.00 24744000.00 82818000.00 288074000.00 568203000.00 13345000.00 0.00 13345000.00 10104000.00 -421000.00 9683000.00 0.00 3662000.00 0.00 0.00 0.00 0.00 3662000.00 -373000.00 3289000.00 0.00 0.00 691371000.00 2 0.01 0.01 0.00 0.00 0.01 0.01 0.00 0.00 0.22 1.These financial results have been prepared in accordance with IND-AS as prescribed under section 133 of CA, 2013 read with Rule 3 of Companies (Indian Accounting Standards) Rules, 2015 & relevant amendments thereafter. 2. Above financial results for quarter & half year ended September 30, 2023 have been reviewed by Audit Committee & approved by Board of Directors on October 26 , 2023.3. MBL is engaged primarily in the 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. Sec 115BAA of IT 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 existing rate until the MAT credit balance is utilised & opt for the New Rate thereafter. The management remeasures its deferred tax balance at each reporting period end accordingly.5. A petition u/s 241, 242 & 244 of CA 2013 has been filed with NCLT, Allahabad on July 10, 2023, by Mr. Mahendra Mohan Gupta (Non-Executive Chairman & Promoter of Jagran Prakashan Limited, the Holding Company) & Mr. Shailesh Gupta (Whole-Time Director & member of the Promoter Group of the Holding Company & Non-Executive Director of the Company) in their individual capacities, against other Promoters & members of Promoter Group of the Holding Company. As of this date, the Company does not expect any impact of this matter on the Company. 6. Information as required pursuant to Reg 52(4) of SEBI LODR 2015: 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 the 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 relating to track record of dividend payment on non convertible redeemable preference shares is not applicable to current quarter. 7. During quarter ended June 30, 2023, in the matter of the Company vs Phonographic Performance Limited (‘PPL’) & other music providers, the Hon’ble Madras High Court partly allowed the appeal of PPL & other appellants by providing a ‘minimum floor rate’ of Rs. 660 per needle hour payable to PPL & other appellants for the use of sound recordings by the Company over its radio stations in the past decade 2010-20. MBL has filed a special leave petition before the Hon’ble Supreme Court of India challenging High Court judgement. Based on opinion of external legal counsel & its internal assessment, the Company has a good case on merits &, therefore, MBL does not expect outflow of any economic resources in the matter. Single segment 2023-04-01 2023-09-30 Unaudited Standalone 1054719000.00 113569000.00 1168288000.00 0.00 0.00 0.00 336051000.00 48740000.00 165167000.00 584157000.00 1134115000.00 34173000.00 0.00 34173000.00 13743000.00 7406000.00 21149000.00 0.00 13024000.00 0.00 0.00 0.00 0.00 13024000.00 -373000.00 12651000.00 0.00 0.00 691371000.00 2 0.04 0.04 0.00 0.00 0.04 0.04 0.00 0.00 0.24 License Fees 49880000.00 Net impairment losses on financial assets 12510000.00 Other expenses 225684000.00 License Fees 99745000.00 Net impairment losses on financial assets 12510000.00 Other expenses 471902000.00 666882000.00 0.00 1585564000.00 4549000.00 2055440000.00 0.00 298814000.00 2354254000.00 167959000.00 118756000.00 4897964000.00 0.00 215966000.00 729398000.00 74131000.00 7991000.00 0.00 514968000.00 1542454000.00 0.00 237653000.00 1780107000.00 6678071000.00 691371000.00 4568770000.00 5260141000.00 5260141000.00 875692000.00 123191000.00 998883000.00 0.00 31198000.00 1030081000.00 0.00 201772000.00 86569000.00 288341000.00 99508000.00 0.00 387849000.00 1417930000.00 6678071000.00 48740000.00 0.00 -86821000.00 0.00 -16558000.00 1820000.00 0.00 712000.00 0.00 28490000.00 0.00 -9025000.00 0.00 165167000.00 0.00 0.00 0.00 2608000.00 0.00 0.00 0.00 97671000.00 0.00 -6378000.00 0.00 -3813000.00 0.00 16965000.00 0.00 44236000.00 78409000.00 0.00 0.00 0.00 22960000.00 0.00 55449000.00 0.00 0.00 51727000.00 117494000.00 0.00 0.00 0.00 0.00 1501000.00 23551000.00 0.00 0.00 0.00 4549000.00 0.00 0.00 0.00 1986000.00 0.00 0.00 21934000.00 0.00 0.00 0.00 0.00 0.00 0.00 67132000.00 0.00 0.00 0.00 -5286000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 30044000.00 0.00 10266000.00 0.00 0.00 -40310000.00 9853000.00 0.00 9853000.00 64278000.00 74131000.00 -526000.00 -526000.00 -153000.00 -153000.00