5403662025-01-012025-03-315403662025-03-315403662024-03-315403662024-04-012025-03-315403662025-01-012025-03-31in-capmkt:OtherExpenses1Member5403662025-01-012025-03-31in-capmkt:OtherExpenses2Member5403662025-01-012025-03-31in-capmkt:OtherExpenses3Member5403662025-01-012025-03-31in-capmkt:OtherExpenses4Member5403662024-04-012025-03-31in-capmkt:OtherExpenses1Member5403662024-04-012025-03-31in-capmkt:OtherExpenses2Member5403662024-04-012025-03-31in-capmkt:OtherExpenses3Member5403662024-04-012025-03-31in-capmkt:OtherExpenses4Member5403662025-01-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15403662024-04-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15403662025-01-012025-03-31RelatedPartyTransactionDomain15403662024-12-31RelatedPartyTransactionDomain15403662025-03-31RelatedPartyTransactionDomain15403662025-01-012025-03-31RelatedPartyTransactionDomain25403662024-12-31RelatedPartyTransactionDomain25403662025-03-31RelatedPartyTransactionDomain25403662025-01-012025-03-31RelatedPartyTransactionDomain35403662024-12-31RelatedPartyTransactionDomain35403662025-03-31RelatedPartyTransactionDomain35403662025-01-012025-03-31RelatedPartyTransactionDomain45403662024-12-31RelatedPartyTransactionDomain45403662025-03-31RelatedPartyTransactionDomain45403662025-01-012025-03-31RelatedPartyTransactionDomain55403662024-12-31RelatedPartyTransactionDomain55403662025-03-31RelatedPartyTransactionDomain55403662025-01-012025-03-31RelatedPartyTransactionDomain65403662024-12-31RelatedPartyTransactionDomain65403662025-03-31RelatedPartyTransactionDomain65403662025-01-012025-03-31RelatedPartyTransactionDomain75403662024-12-31RelatedPartyTransactionDomain75403662025-03-31RelatedPartyTransactionDomain75403662025-01-012025-03-31RelatedPartyTransactionDomain85403662024-12-31RelatedPartyTransactionDomain85403662025-03-31RelatedPartyTransactionDomain85403662025-01-012025-03-31RelatedPartyTransactionDomain95403662024-12-31RelatedPartyTransactionDomain95403662025-03-31RelatedPartyTransactionDomain95403662025-01-012025-03-31RelatedPartyTransactionDomain105403662024-12-31RelatedPartyTransactionDomain105403662025-03-31RelatedPartyTransactionDomain105403662025-01-012025-03-31RelatedPartyTransactionDomain115403662024-12-31RelatedPartyTransactionDomain115403662025-03-31RelatedPartyTransactionDomain115403662025-01-012025-03-31RelatedPartyTransactionDomain125403662024-12-31RelatedPartyTransactionDomain125403662025-03-31RelatedPartyTransactionDomain125403662025-01-012025-03-31RelatedPartyTransactionDomain135403662024-12-31RelatedPartyTransactionDomain135403662025-03-31RelatedPartyTransactionDomain135403662025-01-012025-03-31RelatedPartyTransactionDomain145403662024-12-31RelatedPartyTransactionDomain145403662025-03-31RelatedPartyTransactionDomain145403662025-01-012025-03-31RelatedPartyTransactionDomain155403662024-12-31RelatedPartyTransactionDomain155403662025-03-31RelatedPartyTransactionDomain155403662025-01-012025-03-31RelatedPartyTransactionDomain165403662024-12-31RelatedPartyTransactionDomain165403662025-03-31RelatedPartyTransactionDomain165403662025-01-012025-03-31RelatedPartyTransactionDomain175403662024-12-31RelatedPartyTransactionDomain175403662025-03-31RelatedPartyTransactionDomain175403662025-01-012025-03-31RelatedPartyTransactionDomain185403662024-12-31RelatedPartyTransactionDomain185403662025-03-31RelatedPartyTransactionDomain185403662025-01-012025-03-31RelatedPartyTransactionDomain195403662024-12-31RelatedPartyTransactionDomain195403662025-03-31RelatedPartyTransactionDomain195403662025-01-012025-03-31RelatedPartyTransactionDomain205403662024-12-31RelatedPartyTransactionDomain205403662025-03-31RelatedPartyTransactionDomain205403662025-01-012025-03-31AuditorDomain1iso4217:INRxbrli:pureiso4217:INRxbrli:shares540366RADIOCITYNOTLISTEDINE919I01024MUSIC BROADCAST LIMITEDMain BoardEquity2024-04-012025-03-312025-05-202025-05-09INRLakhsQuarterlyFourth quarterSingle segmentRadio and Broadcasting2025-05-2015:00:002025-05-2017:00:00trueCash Flow IndirectDeclaration of unmodified opiniontruetrueNANAfalsetrue2025-01-28https://www.radiocity.in/images/uploads/pdf/RPTPolicy-MBL%2028012025-461746548323.pdffalsetrue2025-01-012025-03-31AuditedStandalone5467050007008400061678900000019688600030335000868990008037480001117868000-5010790000-501079000-14677000-106148000-1208250000-3802540000000-380254000-581000-3808350006913710002-1.1-1.100-1.1-1.10.00250.0006-0.0477Financial 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.2024-04-012025-03-31AuditedStandalone2344811000268646000261345700000078673200011590400034617700017810100003029823000-4163660000-4163660000-77996000-779960000-3383700000000-338370000-1104000-33947400069137100024285996000-0.98-0.9800-0.98-0.980.00250.00370.131License Fees49330000Impairment of Non-Current Assets349299000Net Impairment Losses on Financial Assets129418000Other Expenses275701000License Fees201531000Impairment of Non-Current Assets349299000Net Impairment Losses on Financial Assets149360000Other Expenses108082000067869500009098890007110001707417000023780500019452220002218900003034610004059868000013998120007578520009098300041248000010215000023920450000199793000259183800000665170600069137100042859960004977367000497736700000002766090002766090000276609000100189700046910002086430002133340009067600013059070009182300001397730000167433900066517060001159040000-114198000020699000-1480000-45840000-69690000228700003461770003492990000029670000002281750000-134780000-152260000140734000059528900017892300000012845000016607800000178062100019639400000000188300012173900000049750000000000000000020688400006557000-94709000000000000044414000900002988800000-74392000-30230000-30230009400600090983000Remeasurements of post-employment benefit obligations-820000-820000Remeasurements of post-employment benefit obligations-1557000-1557000-239000-453000-581000-1104000Music Broadcast Limited******Jagran Prakashan Limited******Immediate Parent CompanyPurchase of goods or services25000000YES398600000Music Broadcast Limited******Jagran Prakashan Limited******Immediate Parent CompanySale of goods or services20000000YES570300034780005485000Music Broadcast Limited******Jagran Prakashan Limited******Immediate Parent CompanyAny other transactionRent Paid8500000YES325100000Music Broadcast Limited******Jagran Prakashan Limited******Immediate Parent CompanyAny other transactionRent Income1500000YES29400000Music Broadcast Limited******Jagran Prakashan Limited******Immediate Parent CompanyAny other transactionExpenses reimbursement paid / received10000000YES196200000Music Broadcast Limited******Jagran Prakashan Limited******Immediate Parent CompanyAny other transactionSecurity deposits5000000YES050000005000000Music Broadcast Limited******Mid-Day Infomedia Limited******Fellow subsidiaryPurchase of goods or services5000000YES13800029000103000Music Broadcast Limited******Mid-Day Infomedia Limited******Fellow subsidiarySale of goods or services10000000YES32200000Music Broadcast Limited******Mid-Day Infomedia Limited******Fellow subsidiaryAny other transactionExpenses reimbursement paid / received10000000YES283100037670004449000Music Broadcast Limited******VRSM Enterprises LLP******Entities over which KMP/relatives of KMP can exercise significant influenceAny other transactionRent expense6000000YES204400000Music Broadcast Limited******VRSM Enterprises LLP******Entities over which KMP/relatives of KMP can exercise significant influenceAny other transactionSecurity deposits3500000YES035000003500000Music Broadcast Limited******Ashit Kukian******Key management personnelRemuneration0YES1200300000Music Broadcast Limited******Prashant Domadia******Key management personnelRemuneration0YES339100000Music Broadcast Limited******Arpita Kapoor******Key management personnelRemuneration0YES131200000Music Broadcast Limited******Anuj Puri******Key management personnelAny other transactionDirector Sitting Fees0YES22000000Music Broadcast Limited******Vijay Tandon******Key management personnelAny other transactionDirector Sitting Fees0YES24000000Music Broadcast Limited******Madhukar Kamath******Key management personnelAny other transactionDirector Sitting Fees0YES24000000Music Broadcast Limited******Anita Nayyar******Key management personnelAny other transactionDirector Sitting Fees0YES20000000Music Broadcast Limited******Ravi Sardana******Key management personnelAny other transactionDirector Sitting Fees0YES18000000Music Broadcast Limited******MMI Online Limited******Entities over which KMP/relatives of KMP can exercise significant influenceSale of goods or services400000YES324000037600038641000AuditedtruePRICE WATERHOUSE CHATERED ACCOUNTANTS LLPtrue2026-11-3000000