With a drop in corona virus cases and a rise in positive sentiment across the industry, Music Broadcast Limited (MBL), owner of the brand Radio City, displayed a formidable set of growth benchmarks for the quarter ending on December 31, 2021. A key highlight of the earnings showcased Radio City asserting its leadership position with a 22 per cent volume share of the radio market. With 47 per cent growth year-on-year (YoY), Radio City had a top-line of ₹60 crore for Q3FY22.
The leading FM radio broadcaster has shown consistency across the quarters and this is clearly reflected in its revenue and volume growth numbers. The entire leadership team at MBL is committed to building a resilient system that has enabled it to record a positive EBITDA of ₹21.6 crore with an EBITDA margin of 36.1 per cent. The PAT increased to ₹9 crore with a 15 per cent PAT margin for the quarter. The company has also witnessed a rise in advertising volumes and economic recovery has provided the much-needed momentum for focusing on the growth of Radio City. This has also aided in the creation of an optimistic environment for enabling a higher level of operational efficiency for the company.
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