Key Financial Figures - Standalone (Amount in ₹ Lakhs)
Income Statement:
- Revenue from operations: ₹44,227.21 (Q1 FY27) vs ₹41,717.34 (Q4 FY26) vs ₹39,813.14 (Q1 FY26)
- Other income: ₹2,359.90 (Q1 FY27) vs ₹1,018.70 (Q4 FY26) vs ₹4,452.91 (Q1 FY26)
- Total income: ₹46,587.11 (Q1 FY27) vs ₹42,736.04 (Q4 FY26) vs ₹44,266.05 (Q1 FY26)
Expenses:
- Cost of materials consumed: ₹12,991.63
- Employee benefits expense: ₹9,291.46
- Depreciation and amortization: ₹1,255.14
- Net impairment losses on financial assets: ₹504.85
- Other expenses: ₹15,287.13
- Finance costs: ₹240.47
- Total expenses: ₹39,570.68
Profitability:
- Profit before tax: ₹7,016.43 (Q1 FY27) vs ₹6,616.73 (Q4 FY26) vs ₹9,473.10 (Q1 FY26)
- Tax expense: ₹1,666.51 (Current tax: ₹1,811.49, Deferred tax: ₹(144.98))
- Profit for the period: ₹5,349.92 (Q1 FY27) vs ₹5,191.46 (Q4 FY26) vs ₹7,134.53 (Q1 FY26)
- Total comprehensive income: ₹5,349.92
Per Share Data:
- Basic EPS: ₹2.46 (not annualized)
- Diluted EPS: ₹2.46 (not annualized)
- Paid-up equity share capital: ₹4,353.09 lakhs (face value ₹2 each)
Segment Breakdown (Includes):
- Direct outdoor, activation and online expenses: ₹6,638.85
- Consumption of stores and spares: ₹1,359.08
- Corporate social responsibility expenditure: ₹144.00
Key Financial Figures - Consolidated (Amount in ₹ Lakhs)
Income Statement:
- Revenue from operations: ₹49,934.63 (Q1 FY27) vs ₹47,209.93 (Q4 FY26) vs ₹46,005.23 (Q1 FY26)
- Other income: ₹3,171.14
- Total income: ₹53,105.77
Expenses:
- License fees: ₹487.61
- Cost of materials consumed: ₹13,205.01
- Employee benefits expense: ₹11,243.81
- Depreciation and amortization: ₹1,742.45
- Net impairment losses on financial assets: ₹558.35
- Other expenses: ₹17,436.76
- Finance costs: ₹332.66
- Total expenses: ₹45,006.65
Profitability:
- Profit before share of associates and tax: ₹8,099.12
- Share of net profits of associates: ₹2.57
- Profit before tax: ₹8,101.69
- Tax expense: ₹1,978.54 (Current tax: ₹1,984.56, Deferred tax: ₹(6.02))
- Profit for the period: ₹6,123.15
- Total comprehensive income: ₹6,123.15
Attribution:
- Profit attributable to owners: ₹5,883.85
- Profit attributable to non-controlling interest: ₹239.30
Per Share Data:
- Basic EPS: ₹2.70 (not annualized)
- Diluted EPS: ₹2.70 (not annualized)
Segment Performance - Consolidated
Revenue:
- Printing, publishing and digital: ₹39,248.63 (78.5% of total)
- FM radio business: ₹4,454.32 (8.9% of total)
- Others (outdoor advertising, event management): ₹6,295.25 (12.6% of total)
- Total segment revenue: ₹49,998.20
- Less: Inter-segment revenue: ₹(63.57)
Segment Results:
- Printing, publishing and digital: ₹4,526.50 profit
- FM radio business: ₹895.21 profit
- Others: ₹408.05 profit
- Total segment results: ₹5,829.76
Legal and Regulatory Matters
Promoter Disputes:
- Petition filed with NCLT Allahabad on July 10, 2023 by Mr. Mahendra Mohan Gupta (Non-Executive Chairman) and Mr. Shailesh Gupta (Whole-Time Director) against other promoters and promoter group members under Sections 241, 242 and 244 of Companies Act, 2013
- Similar petition filed by Shailendra Mohan Gupta (Non-Executive Director) on September 23, 2025
- Matter pending with NCLT with several submissions made by all parties
- Mr. Mahendra Mohan Gupta's term as managing director completed on September 30, 2023; company currently has no managing director
Director Removal Proceedings:
- Company received special notice from Jagran Media Network Investment Private Limited (JMNIPL) for removal of 7 independent directors and 1 whole-time director
- Company applications before NCLT were dismissed on April 23, 2026
- EGM held on May 29, 2026 passed resolution for director removals
- NCLAT order dated May 26, 2026 directed implementation of resolutions be kept in abeyance until outcome of Company Petition No. 64/2023
- JMNIPL filed appeal (Civil Appeal No. 9185 of 2026) in Supreme Court against NCLAT order
- Supreme Court hearing scheduled for August 10, 2026 was postponed; new date not notified
Fresh Applications:
- IA No. 57 of 2026 filed on June 2, 2026 by Mr. Mahendra Mohan Gupta, Mr. Shailesh Gupta, and VRSM Enterprises LLP seeking to restrain respondents from accessing JMNIPL demat account and voting in JPL meetings
- Matter scheduled for hearing on September 1, 2026
Management Assessment:
Company is complying with Companies Act, 2013 provisions and does not expect any adverse impact on financial position as of June 30, 2026
Other Material Information
Dividend:
- Company paid interim dividend of ₹10 per equity share (500% on face value of ₹2) for FY26, approved by Board on May 28, 2026
Impairment:
- During FY26, company recorded impairment loss of ₹750.00 lakhs on investment in Midday Infomedia Limited
- Consolidated impairment includes ₹3,976.22 lakhs on radio CGU in MBL and ₹50.69 lakhs on associate Leet OOH Media Private Limited
Tax Matters:
- Music Broadcast Limited continues with existing tax rate until MAT credit balance utilized, then will opt for new 22% rate
- MBL derecognized MAT credit entitlement of ₹1,032 lakhs in Q4 FY26 due to revised utilization restrictions
Legal Matter - Music Broadcast Limited:
- Madras High Court partly allowed appeal setting minimum floor rate of ₹660 per needle hour payable to PPL for 2010-2020
- MBL filed appeal in Supreme Court; matter pending
- Company believes it has good case on merits and doesn't expect economic outflow
Auditor Review:
- Price Waterhouse Chartered Accountants LLP issued limited review reports on both standalone and consolidated results
- Auditors drew attention to legal matters but issued unmodified conclusion
- Review included procedures in accordance with SEBI Circular under Regulation 33(8)
Subsidiaries and Associates:
Consolidated results include:
- Midday Infomedia Limited (100% subsidiary)
- Music Broadcast Limited (74.05% subsidiary)
- Leet OOH Media Private Limited (48.84% associate)
- X-pert Publicity Private Limited (39.20% associate)
- MMI Online Limited (44.92% associate)