By Ashok Punatar Mobile: 09820746494 Email: email@example.com
Music Broadcast Limited (MBL), India’s 1st Private FM Radio Broadcaster, has reported its Financial Results for the Quarter ended September 30th, 2018.
- Key Highlights – H1FY19:
Topline Growth of 7%, at Rs. 156 Cr
EBITDA Growth of 13% at Rs. 53 Cr, margin at 33.8% improvement by ~202 bps
PBT Growth of 20% at Rs. 42 Cr, margin at 27.2% improvement by ~309 bps
Rate hike in top 12 markets
Growth in topline equally driven by volume and realisations
Strong liquidity position with Cash & Cash Equivalents incl. Investments at Rs. 230.8 Cr
New Expansion markets grew 3 times faster compared to multiple frequency markets
- Key Highlights – Q2FY19:
Topline growth of 6% YOY at Rs. 80 Cr
EBITDA grew by 10% YOY to Rs. 27 Cr, margin at 33.2% improvement by ~121bps
PBT grew by 18% yoy to Rs. 22 Cr, margin at 27.6% improvement by ~290bps
Legacy Markets & Phase III Markets saw healthy utilizations at ~70% and ~50% respectively
- Status of Buy Back:
Amount (in Crs)
Nos of Shares
|Cumulative Utilization as on 24th October 2018||
*As per maximum buyback price of Rs. 385 per share
Commenting on the results Ms. Apurva Purohit, Director said: “
In this challenging economy which has uncertain economic growth and an increasing liquidity crunch, I’m pleased to inform that our performance was encouraging and we were able to show a topline growth of 7% which is equally contributed by volumes and realizations. Key Sectors like government, real estate and durables performed better than last year. Our operating margins saw healthy improvement of ~202 bps in H1FY19 whereas PBT Margin grew at high pace at ~309 bps indicating better operating leverage. We have been able to maintain a healthy liquidity position which in the current economic scenario will help us to sustain our growth.
We look forward to a healthy H2 as festive season picks up and the consumption improves in rural and urban areas.