Mumbai: Next Radio Ltd that operates 94.3 Radio One has declared its financial results for Q2 2018 in the board meeting held last week.
Revenue was up 17% sequentially from Rs167. 3 million in Q1 2018-19 to Rs 195.6 million in Q2 2018-19. EBIDTA was up 32% from Rs. 25.4 million in Q1 2018-19 to Rs. 33.7 million in Q2 2018-19.
In a Q2 to Q2 comparison, revenue was up 3% in Q2 18-19 as compared to Q2 17-18. Q2 18-19 EBIDTA at Rs. 33.7 million was up 13.4% over Q2 17- 18 at Rs. 29.7 million.
The half year performance of the company, April to Sept 2018, saw a revenue growth of 4.8% from Rs. 344.6 million in Apr-Sept 17-18 to Rs. 362. 9 million in Apr-Sept 2018-19 and a superlative EBIDTA growth of 54.7% from Rs. 32.7 million in Apr-Sept 17-18 to Rs. 59.1 million in Apr-Sept 18-19.
Vineet Singh Hukmani, MD & CEO Next Radio Ltd said, “Despite an overall commoditized & therefore difficult media market in the first half of the year, that continues to witness single digit topline growth, we were able to maximize efficiencies across functions resulting in substantial EBIDTA growth in our radio business. We have not only strengthened our position with unique engaging content designed for our 5.94 million upscale listener tribe (IRS 2017) but we now have a means to measure brand consumption & preferences of our high value audience using our innovative audience tracker called the International Indian Monitor.”