Mumbai: FM Radio Broadcaster, Music Broadcast Limited (MBL) has reported its Financial Results for the Quarter and Year ended March 31st, 2018 and has delivered a topline growth of 14% in quarter 4 with a margin of 36%.
In Q4FY18, It has reported an EBITDA Margins at 36% with a 65% growth in EBITDA with EBITDA breakeven in Ph3 markets, which was faster than anticipated. It also reported Robust revenue growth at 14% and its PAT growth by 261%
In FY18 , MBL has reported a Strong consolidated revenue growth of 10% with a Volume growth that is better than the industry. The revenue growth was majorly contributed by increase of volume in the New Stations and robust value growth in Legacy Markets.
The consolidated EBITDA Margins went up to 32.6% with a PAT growth of 41%. Moreover, Volume share Increased to ~21% in the 15 Aircheck markets. The Market Share of the FM Network in Bengaluru and Mumbai stood at 25% and 13.7% respectively.
Commenting on the results Ms. Apurva Purohit, Director said,“Our Company delivered a robust topline growth of 14% in Q4. The growth was majorly contributed by Phase III stations in terms of volume and by legacy stations in terms of yields.
We reported margin of 36% for the quarter and 32.6% for the year-end 2018, much better than expectations and infact maintained consistent margins of above 30% in all the four quarters despite a tough year and Phase III investments.
This was on the back of a volume growth of 8%; higher than the Industry growth of 5%, thereby gaining 1% market share for Radiocity.
Our Phase III stations have seen a breakeven for Q4 much before our estimates and they will have a meaningful contribution to the EBITDA in the quarters to come. Our legacy stations are running at a healthy utilization levels. This gives us confidence that our strategy of being focussed will continue to deliver better than industry shareholder returns.”