Q2 FY27 Performance (Quarter Ended September 30, 2026)
Revenue: ₹41.0 Cr, increased 8% YoY from ₹37.8 Cr in Q2 FY26
Operating EBITDA: ₹6.1 Cr, significant improvement from negative ₹5.5 Cr in Q2 FY26 (212% improvement)
Operating EBITDA Margin: 15% (0.15)
Operating EBIT: ₹2.1 Cr, improved from negative ₹12.3 Cr in Q2 FY26 (117% improvement)
Operating EBIT Margin: 5% (0.05)
Adjusted Finance Costs: ₹0.6 Cr
Operating PBT: ₹5.1 Cr, improved from negative ₹13.3 Cr in Q2 FY26 (111% improvement)
Other Income: ₹5.7 Cr
Reported PBT: ₹8.9 Cr, improved from negative ₹6.4 Cr in Q2 FY26 (239% improvement)
Tax: ₹2.3 Cr
PAT (After Adjustment): ₹6.7 Cr, significant improvement from negative ₹4.6 Cr in Q2 FY26 (246% improvement)
PAT Margin: 16% (0.16)
Interest on NCRPS: ₹0.0 Cr
Reported PAT: ₹6.7 Cr, improved from negative ₹6.9 Cr in Q2 FY26 (197% improvement)
Total Comprehensive Income: ₹6.7 Cr, improved from negative ₹6.2 Cr in Q2 FY26 (207% improvement)
QoQ Comparison (Q2 FY27 vs Q1 FY27)
Revenue decreased 8% from ₹44.5 Cr in Q1 FY27
Operating EBITDA decreased 31% from ₹8.9 Cr in Q1 FY27
Operating EBIT decreased 57% from ₹4.8 Cr in Q1 FY27
Reported PAT decreased 28% from ₹9.2 Cr in Q1 FY27
H1 FY27 Performance (Half Year Ended September 30, 2026)
Revenue: ₹85.5 Cr, decreased 2% from ₹87.2 Cr in H1 FY26
Operating EBITDA: ₹15.1 Cr, significant improvement from negative ₹4.6 Cr in H1 FY26 (431% improvement)
Operating EBITDA Margin: 18% (0.18)
Operating EBIT: ₹6.9 Cr, improved from negative ₹18.7 Cr in H1 FY26 (137% improvement)
Operating EBIT Margin: 8% (0.08)
Adjusted Finance Costs: ₹1.3 Cr
Operating PBT: ₹5.6 Cr, improved from negative ₹20.2 Cr in H1 FY26 (128% improvement)
Other Income: ₹15.7 Cr
Reported PBT: ₹21.2 Cr, improved from negative ₹6.3 Cr in H1 FY26 (436% improvement)
Tax: ₹5.4 Cr
PAT (After Adjustment): ₹15.9 Cr, significant improvement from negative ₹4.4 Cr in H1 FY26 (457% improvement)
PAT Margin: 19% (0.19)
Interest on NCRPS: ₹0.0 Cr
Reported PAT: ₹15.9 Cr, improved from negative ₹9.1 Cr in H1 FY26 (275% improvement)
Total Comprehensive Income: ₹15.9 Cr, improved from negative ₹9.7 Cr in H1 FY26 (264% improvement)
Expense Breakdown
Q2 FY27 Expenses
License Fees: ₹4.7 Cr
Employee Expenses: ₹12.8 Cr
Other Expenses: ₹17.3 Cr
Total Expenses: ₹34.8 Cr, decreased 20% YoY from ₹43.3 Cr in Q2 FY26
Historical Expense Trend (in Cr)
Q2 FY26: License Fees 4.76, Employee Expenses 15.73, Other Expenses 22.84, Total 43.33
Q3 FY26: License Fees 4.88, Employee Expenses 13.91, Other Expenses 20.08, Total 38.87
Q4 FY26: License Fees 4.8, Employee Expenses 12.49, Other Expenses 20.24, Total 37.53
Q1 FY27: License Fees 4.87, Employee Expenses 12.25, Other Expenses 18.5, Total 35.62
Q2 FY27: License Fees 4.72, Employee Expenses 12.84, Other Expenses 17.25, Total 34.81
Balance Sheet Position (as of September 30, 2026)
Assets (₹ in Cr)
Total Non-Current Assets: ₹289.9 Cr (decreased from ₹317.0 Cr in March 2026)
Fixed Assets: ₹95.5 Cr
Property, plant and equipment: ₹46.3 Cr
Right of use asset: ₹9.4 Cr
Intangible Assets: ₹39.8 Cr
Intangible assets under development: ₹0.0 Cr
Financial Assets: ₹142.1 Cr in Investments
Other Financial Asset: ₹20.6 Cr
Deferred Tax Asset (Net): ₹21.4 Cr
Other Non-Current Assets: ₹2.8 Cr
Non-Current tax assets (net): ₹7.5 Cr
Total Current Assets: ₹220.2 Cr (increased from ₹178.9 Cr in March 2026)
Current Investments: ₹137.7 Cr
Trade Receivables: ₹62.0 Cr
Cash & Cash Equivalents: ₹2.1 Cr
Bank Balances: ₹0.3 Cr
Other Financial Assets: ₹6.0 Cr
Other Current Assets: ₹12.2 Cr
TOTAL ASSETS: ₹510.2 Cr (increased from ₹495.9 Cr in March 2026)
Liabilities & Equity (₹ in Cr)
Shareholders Fund: ₹461.3 Cr (increased from ₹445.3 Cr in March 2026)
Share Capital: ₹69.1 Cr (unchanged)
Other Equity: ₹392.1 Cr (increased from ₹376.2 Cr)
Total Non-Current Liabilities: ₹16.8 Cr (decreased from ₹25.1 Cr in March 2026)
Long Term Borrowings: ₹0.0 Cr
Lease Liabilities: ₹14.4 Cr
Employee Benefit Obligation: ₹2.4 Cr
Total Current Liabilities: ₹32.1 Cr (increased from ₹25.4 Cr in March 2026)
Short Term Borrowings: ₹0.0 Cr
Trade Payables: ₹21.6 Cr
Lease Liabilities: ₹2.5 Cr
Other Financial Liabilities: ₹2.6 Cr
Employee Benefit Obligation: ₹1.1 Cr
Other Current Liabilities: ₹4.4 Cr
TOTAL EQUITY & LIABILITIES: ₹510.2 Cr
Cash Flow Statement (H1 FY27)
Profit before tax: ₹21.3 Cr
Adjustments: ₹(5.1) Cr
Profit Before Working Capital Changes: ₹16.2 Cr
Change in operating assets and liabilities: ₹(1.7) Cr
Cash generated from operations: ₹5.14 Cr
Income taxes paid: ₹3.3 Cr
Net cash inflow from operating activities (A): ₹17.8 Cr
Net cash inflow/(outflow) from investing activities (B): ₹(17.2) Cr
Net cash outflow from financing activities (C): ₹(2.7) Cr
Net increase/(decrease) in cash and cash equivalents (A+B+C): ₹(2.0) Cr
Cash and cash equivalents at the beginning of the year: ₹4.1 Cr
Cash and cash equivalents at the end of the year: ₹2.1 Cr
Business and Operational Highlights
Market Context
Radio category volume contribution and market shares data presented for Q2 FY27
Media growth comparison showing radio volume decreased 8% YoY (9.8 Cr vs 10.6 Cr in FY26)
Radio ad duration decreased 12% YoY (32.7 Cr vs 37.3 Cr in FY26)
Digital media showed growth: Display volumes at 7118 Billion (46% growth), Video ad duration at 199 Cr (35% growth)
Programming Initiatives
#RADIOCITY25: 25th anniversary campaign with anthem and music video achieving digital platform success
#RADIOTIRANGA: India's first patriotic radio channel launched in collaboration with Ministry of Defence and Indian Coast Guard DG Mr. Paramesh Sivamani
#PRANKYOU: RJ Naved joined Radio City with prank-call humor format
Digital Client Solutions
LalBaugh activation for Chings: 10 days, 24M views, 30M reach
