For 1QFY2020, Music Broadcast Limited (MBL) posted below expectation results both on top-line and bottom-line fronts. MBL's top-line registered a decline of ~8% yoy to `70cr on the back of volume de-growth of 14%. Moreover, the company's operating margins contracted by 238bps yoy. On the bottom-line front, MBL reported de-growth of ~38% yoy to `8cr