Mumbai: Music Broadcast Limited (MBL), has reported its unaudited Financial Results for the Quarter and Half Year ended September 30, 2017 and has yet again continued its stellar growth rate of delivering 10% top line.
- Key Highlights –Q2 :
– Double digit revenue growth at 10% YOY
– EBITDA Margin is at 32%
– Listener Market Share in Bengaluru & Mumbai at 25% & 14% respectively
– Equal revenue growth from 28 Legacy Stations and 11 New Stations
– Value Driven growth in Legacy Stations and volume driven in New Stations
– Radio City Super Singer – Witnessing participation of ~ 6 Lac across all 39 Markets
– Radio City Cine Awards Tamil – Approx 7 million votes
– Radio City Reigns the awards season 2017 – Won 44 Awards Nationally & Internationally
– Radio City’s exclusive tie-up with Apple Music
– Radio City partnered with LMRC (Lucknow Metro Rail Corporation)
- Key Highlights – H1 :
– Double digit revenue growth at 11%
– EBITDA Margin is at 32%
– Right Strategy of Market Positioning gave us stupendous growth in-spite of the current macro-economic scenario
Commenting on the results Ms. Apurva Purohit, Director said: “Despite strong headwinds, our Company has continued its double digit growth performance in Q2 at 10% as well as in H1 at 11% in the first half of FY18. Our EBITDA margin is consistent at 32%. Operating Leverage has started to play out and our PAT has grown by 17% for quarter on quarter basis. Our long-term strategy of limiting the cost per million and selecting the correct set of markets has helped us to perform better than the industry. We are already witnessing an uptick in the industry due to the festive season and improvements compared to the previous quarters. Our continuous endeavour is to keep the customer engaged and also improve the yield in top markets and utilization levels in new markets.”
