Radio City returns to profitability and maintains the highest market share at 20%

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Music Broadcast Limited (MBL), India’s leading private FM radio broadcaster, has released financial results for the quarter and six-month period ended September 30, 2021.

Highlights -Q2 FY22:

– Maintained the leading position with 20% market share by volume
– Q2 FY22 Top line of Rs 42.0 Crores; 40% year-on-year growth
– EBITDA * at Rs. 9.4 crores; EBIDTA margin at 22.4%
– PAT at Rs. 0.3 crores
* Includes other income

Highlights – S1 FY22:

– Maintained the leading position with 21% market share by volume
– H1 FY22 Top line of Rs 62.5 Crores; 41% year-on-year growth
– Achievement of the EBIDTA breakeven point *
* Includes other income

Commenting on the results, Mr. Shailesh Gupta, Director said: “As we move into the holiday season, while keeping a cautious approach in the fight against Covid-19, it makes me extremely happy to say that the company has been in able to deliver emphatically. significant jump in revenue, both sequentially and on an annual basis, the company generated an EBIDTA margin of 22.4% and recovered to the PAT level.

With the opening of the country, the gradual return of advertising spending, the multiple international sporting events, the widespread product launches in all sectors and the resumption of film screenings, the industry has received a new dose of enthusiasm and dedication. force. This, combined with the omnichannel strategy and digital integration approach, gives the business the flexibility and security it so badly needs to maneuver through these times of rapid change and transformation.

The cost reduction initiatives put in place in previous years have yielded successful results resulting in a healthier bottom line and improved operational efficiency. In addition to this, in accordance with the business logic of maintaining a strong liquidity position, to deal with uncertainties, cash reserves have been maintained at Rs. 245 crore as of September 30 compared to Rs. 236 crore as of March 31, 2021. Regarding the free allocation of non-convertible and non-cumulative preference shares, SEBI has given its approval and we have filed the plan with NCLT and are awaiting final approval from them. “

Music Broadcast Limited shares were last trading in BSE at Rs. 24.90 from the previous close of Rs. 24.90. The total number of shares traded during the day was 18,371 in over 173 trades.

The share hit an intraday high of Rs. 25.50 and an intraday low of 24.65. The net turnover during the day was Rs. 462,938.00.


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