Music Broadcast Limited Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
January 24, 2018 at 11:48 am
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Music Broadcast Limited reported unaudited earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, the company reported revenue from operations of INR 761.8 million compared to INR 727.9 million a year ago. Profit before exceptional items was INR 172.0 million compared to INR 174.8 million a year ago. Profit before tax was INR 172.0 million compared to INR 174.8 million a year ago. Net profit for the period was INR 118.8 million compared to INR 102.1 million a year ago. Basic and diluted earnings per share were INR 2.08 compared to INR 2.27 a year ago. EBITDA was INR 233 million compared to INR 266 million a year ago.
For the nine months, the company reported revenue from operations of INR 2,223.2 million compared to INR 2,048.7 million a year ago. Profit before exceptional items was INR 525.0 million compared to INR 502.5 million a year ago. Profit before tax was INR 525.0 million compared to INR 502.5 million a year ago. Net profit for the period was INR 354.6 million compared to INR 321.6 million a year ago. Basic and diluted earnings per share were INR 6.22 compared to INR 7.14 a year ago. EBITDA was INR 697 million compared to INR 747 million a year ago.
Music Broadcast Limited is an India-based company, which is engaged in the business of operating private frequency modulation (FM) radio stations through the brand name, Radio City. Radio City is focused to be a one-stop shop for its advertisers by providing integrated solutions, including content production, event IPs, social media, commissioned podcasts, audio stories, influencer marketing, and various others. It is engaged in digital proactive collaborations with brands, such as Samsung, Tiger Balm, Super 4, Lifestyle, Maruti Suzuki-Ertiga, Canara Bank and T-series, among others. The Company provides humor-based IPs Babber Sher, Joke Studio and the IP Love Guru with a concept of love, relationships and romantic endeavors. South Ka Blockbuster, its interactive microsite, provides users with exclusive interviews, unseen photo galleries, interactive celebrity quizzes, and polls about popular South Indian superstars. It has approximately 39 stations in 12 states and one union territory.
MUSIC BROADCAST LIMITED 
