Radio City Delivers a Strong EBIDTA Growth Led by Operating Leverage
4 min readMusic Broadcast Limited (MBL), India’s 1st Private FM Radio Broadcaster, has reported its Financial Results for the quarter and 12 months ended March 31st, 2022.
Key Highlights – Q4FY22
Maintained a sturdy Position with 20% Volume Market Share
This autumn FY22 Top line of Rs. 46.0 Crores; 8% Growth YoY
EBITDA* at Rs. 6.1 Crores; EBIDTA Margin at 13.3%
*Includes different revenue
Key Highlights – FY22
Maintained Leadership Position with 21% Volume Market Share
FY22 Top line of Rs. 168.4 Crores; 32% Growth YoY
Positive EBIDTA* at Rs. 27.8 Crores; EBIDTA Margin at 16.5%
*Includes different revenue
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Radio City
Commenting on the outcomes Mr. Shailesh Gupta, Director stated, “The festive season led to some restoration in Radio Adex, which flowed into this quarter too, and we count on this to develop considerably in FY23. The adoption of Digitization within the audio area has opened up many alternatives for shoppers and advertisers. Audiences at the moment are searching for some nice audio content material on digital platforms, which is prone to appeal to extra manufacturers to leverage the convergence of Radio and Digital – a phenomenon that we internally confer with as “Radigitalization“.
The opening up of the nation and return of promoting spending has supplied simply the shot within the arm to construct upon the relentless efforts in the previous couple of quarters in direction of turning into a extra environment friendly, sturdy, and resilient group. This mixed with the profitable value optimization measures deployed internally and the advantages of working leverage kicking in extra time have helped us scale back our losses drastically for the quarter and even yearly.
New income initiatives have begun to account for a vital chunk of our total topline, accounting for 32% of the income this quarter, with clear indications that they’re sustainable and can proceed to drive regular progress going ahead as effectively. The firm has stayed true to its underlying perception of sustaining a sturdy liquidity place as a struggle chest to climate any storm and capitalize on thrilling alternatives with money reserves, standing at Rs. 264 crores, as on 31st March 2022.
Regarding the bonus challenge of the non-convertible non-cumulative desire shares, as per the instructions of the Hon’ble NCLT, the assembly of the Equity Shareholders and Creditors of the Company is scheduled to be held on Thursday, June 23, 2022, to contemplate and if thought match, with or with out modifications, approve the Scheme.”
About Radio City
Radio City, a a part of Music Broadcast Limited (MBL) is a subsidiary of Jagran Prakashan Ltd. Being the primary FM radio broadcaster in India with over 20 years years of experience within the radio business, Radio City has constantly been the primary radio station in Bengaluru and Mumbai with 25.0% and 14.7% common listenership share respectively. (Source: RAM Data, TG: 12+ Period: Week 1, 2013 to Week 08, 2022). Radio City Delhi ranks #3 with 12.1% common listenership share (Source: RAM Data, TG: 12+ Period: Week 1, 2019 to Week 08, 2022).
Music Broadcast Limited at the moment has 39 stations throughout 12 states, comprising 62% of the nation’s FM inhabitants. Radio City reaches out to over 69 million listeners in 34 cities coated by AZ Research 2019 (Source: AZ Research Report). The community supplies terrestrial programming together with 17 different web-stations, via its digital interface, www.radiocity.in.
Radio City has spearheaded the evolution of FM radio by providing content material that’s distinctive, path-breaking and invokes metropolis ardour amongst listeners with its model philosophy of “Rag Rag Mein Daude City“. The community launched humour and the idea of agony aunt on radio with Babber Sher and Love Guru respectively. It additionally initiated Radio City Freedom Awards, a platform to acknowledge unbiased music and supplied a launch pad to budding singers with Radio City Super Singer, the primary singing expertise hunt on radio.
Radio City has bagged over 110 awards throughout nationwide and worldwide platforms corresponding to New York awards, ACEF awards, Golden Mikes, India Radio Forum, and so on. within the current previous. Radio City has constantly featured for the seventh time in ‘India’s Best Companies to Work For‘ research carried out by Great Place to Work Institute. The firm has additionally been acknowledged in ‘India’s Best Workplaces for Women – 2019‘ and has ranked amongst the Top 75 organizations on the record. In 2020, Radio City ranked 4th in ‘Best Large Workplaces in Asia‘, in line with the GPTW survey.
Safe Harbor Statement
Statements on this doc regarding future standing, occasions, or circumstances, together with however not restricted to statements about plans and targets, the progress and outcomes of analysis and growth, potential product traits and makes use of, product gross sales potential and goal dates for product launch are forward-looking statements primarily based on estimates and the anticipated results of future occasions on present and creating circumstances Such statements are topic to quite a few dangers and uncertainties and aren’t essentially predictive of future outcomes. Actual outcomes might differ materially from these anticipated within the forward-looking statements. The firm assumes no obligation to replace forward-looking statements to mirror precise outcomes, modified assumptions or different elements.
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