Radiowalla Network Limited Releases Audited Financial Results for FY 2026
Radiowalla Network Limited has announced its audited consolidated and standalone financial results for the year and half year ended March 31, 2026. The company reported the financial results following the Board of Directors' meeting on May 22, 2026, and confirmed that the statutory auditors issued an unmodified opinion on the audited financial results.The company continues to operate within a single reportable segment, providing in-store radio and allied services across India. The financial statements are prepared in accordance with Indian Accounting Standards (IND AS).
Financial Highlights (Consolidated)
The consolidated financial results for the year ended March 31, 2026, showed a Total Income of 6,273.03 thousand, compared to 6,206.16 thousand in the previous year. The company reported a Total Expenses of 2,07,837.34 thousand for the full year, resulting in a Profit Before Tax of 2,230.76 thousand.The total comprehensive income for the year (A+B) was 1,733.30 thousand. Earnings per equity share stood at 0.25 (basic) and 0.96 (diluted) for the year ended March 31, 2026.
Key consolidated figures for the period ending March 31, 2026, compared to March 31, 2025:
| Particulars (In 000) | As at 31-03-2026 | As at 31-03-2025 |
|---|---|---|
| Total Income | 6,273.03 | 6,206.16 |
| Total Expenses | 2,07,837.34 | 1,94,639.71 |
| Total Assets | 2,30,635.02 | 2,38,291.16 |
| Total Equity | 1,94,105.57 | 1,89,876.59 |
| Total Liabilities | 36,530.45 | 48,314.61 |
Financial Position and Cash Flow
The company reported a consolidated total asset base of 2,30,635.02 thousand as at March 31, 2026. The current asset segment included Trade receivables of 49,693.04 thousand and Cash and cash equivalents of 74,301.55 thousand.The Statement of Cash Flows detailed the following movements:
| Activity | 31-03-2026 | 31-03-2025 |
|---|---|---|
| Net cash flow from operating activities | (9,385.79) | 13,812.09 |
| Net cash flow used in investing activities | 5,458.44 | 6,206.16 |
| Net cash flow from financing activities | (2,810.74) | 1,19,125.98 |
| Increase in cash and cash equivalents | (31,817.65) | 98,406.09 |
The consolidated balance sheet showed the company maintaining a cash and cash equivalent balance of 74,301.55 thousand as at March 31, 2026.
IPO Proceeds Utilization
The statutory auditors provided a certificate detailing the utilization of IPO proceeds as of March 31, 2026. The total amount disclosed in the Offer Document was 19,25,15,200.00.The utilization details are provided below:
| Object | Amount Disclosed (INR) | Actual Utilized (Apr 2024 to Sep 2024) | Actual Utilized (Oct 2024 to Mar 2025) | Actual Utilized (Apr 2025 to Sep 2025) | Actual Utilized (Oct 2025 to Mar 2026) | Unutilised Amount (as on 31-03-2026) |
|---|---|---|---|---|---|---|
| Investment in Technology | 3,10,00,000.00 | 24,09,384.00 | 25,90,641.00 | 42,65,472.00 | 22,65,976.00 | 1,94,68,527.00 |
| Capital Expenditure | 1,90,00,000.00 | 92,69,300.00 | 97,30,700.00 | - | - | - |
| Working Capital Requirement | 4,50,00,000.00 | 11,22,075.30 | 89,60,493.40 | 57,38,530.20 | 58,07,402.95 | 2,33,71,498.15 |
| General Corporate Purposes | 2,62,65,200.00 | 7,50,000.00 | - | - | 1,73,62,500.00 | 81,52,700.00 |
| Issue Expenses | 2,12,50,000.00 | 2,12,50,000.00 | - | - | - | - |
| Total | 19,25,15,200.00* | 3,48,00,759.30* | 2,12,81,834.40 | 1,00,04,002.20 | 2,54,35,878.95 | 5,09,92,725.15 |
As of March 31, 2026, the total unutilized amount stands at 5,09,92,725.15. This amount comprises 3,25,00,000.00 in fixed deposits with ICICI Bank Limited and 1,84,92,725.15 in fixed deposits with Union Bank of India, reserved for future deployment.
Accounting and Governance Updates
In terms of corporate governance, the company confirmed that since its equity shares are listed on the SME Platform of the National Stock Exchange of India Limited, the provisions concerning the disclosure of Related Party Transactions under Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations are not applicable for the year ended March 31, 2026.The company also noted the inclusion of an additional gratuity provision of Rs. 282.02 Thousand in the employee benefits expense. This was recognized due to the actuarial remeasurement of gratuity obligations, considering the anticipated impact of the revised definition of "wages" under the Labour Codes, effective from November 21, 2025. Furthermore, management is undertaking a comprehensive review of intangible assets related to software and websites, which have a carrying amount of Rs. 2.07 crore as of March 31, 2026, and expects to complete this assessment in the subsequent financial year.
RADIOWALLA Stock Price Movement
Radiowalla Network Limited shares slipped 4.95% today, settling at ₹29.75 after dropping ₹1.55 from previous levels. Trading activity was moderate, with the stock moving on a total traded volume of 3,200 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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