MBL, India’s leading private FM broadcaster, has announced its financial results for the quarter and year ending March 31, 2022. • Q4 FY22 top line of Rs. 46.0 crores; Annual growth of 8% • EBITDA* of Rs. 6.1 crores; EBIDTA margin of 13.3% *Includes other income. Key Highlights – FY22 • Maintained leading position with 21% market share by volume • FY22 top line of Rs. 168.4 crore; 32% YoY growth • Positive EBIDTA* of Rs. 27.8 crore; EBIDTA margin of 16.5% Mr. Shailesh Gupta, Director, commented on the results saying: “The festive season has brought some recovery to Radio Adex, which also took place this quarter, and we expect that this increases significantly in FY23. The adoption of digitization in the audio space has opened up many opportunities for consumers and advertisers. Today, audiences are looking for quality audio content on digital platforms, which is likely to attract more brands to take advantage of the convergence of radio and digital – a phenomenon we call internally “radiitalisation”. “.
New revenue initiatives have started to represent a significant portion of our overall revenue, accounting for 32% of revenue this quarter, with clear indications that they are sustainable and will also continue to generate steady growth in the future. . The company has remained true to its underlying belief of maintaining a strong liquidity position as a war chest to weather any storm and capitalize on attractive opportunities with cash reserves, amounting to Rs. 264 crores, as of March 31, 2022. With respect to the free issue of non-cumulative non-convertible preferred stock, as directed by the Honorable NCLT, the company’s meeting of shareholders and creditors is scheduled to be held on Thursday, June 23, 2022, to review and, if deemed appropriate, with or without modifications, approve the Scheme. »
The opening of the country and the return of advertising spending provided only a boost to build on the tireless efforts of the last quarters to become a more efficient, robust and resilient organization. This, combined with the success of the cost optimization measures deployed internally and the benefits of activating operating leverage in overtime, helped us to significantly reduce our losses for the quarter and even for the year.
About Radio City Radio City, part of Music Broadcast Limited (MBL) is a subsidiary of Jagran Prakashan Ltd. Being India’s leading FM broadcaster with over two decades of expertise in the radio industry, Radio City has consistently been the number one radio station in Bengaluru and Mumbai with 25.0% and 14.7% share respectively. average viewing share. (Source: RAM Data, TG: 12+ Period: Week 1, 2013 to Week 08, 2022). Radio City Delhi ranks 3rd with an average tune share of 12.1% (Source: RAM Data, TG: 12+ Period: Week 1, 2019 to Week 08, 2022). Music Broadcast Limited currently has 39 stations in 12 states, representing 62% of the nation’s FM population.
Radio City has won over 110 awards from national and international platforms such as New York Awards, ACEF Awards, Golden Mikes, India Radio Forum, etc. in the recent past. Radio City has consistently featured for the 7th time in India’s Best Companies to Work For study conducted by the Great Place to Work Institute. The company was also recognized in the “Best Workplaces for Women in India – 2019” and ranked among the top 75 organizations in the list. In 2020, Radio City ranked 4th among the “Best Great Workplaces in Asia”, according to the GPTW survey.
Radio City reaches more than 69 million listeners in 34 cities covered by AZ Research 2019 (Source: AZ Research Report). The network offers terrestrial programming as well as 17 other web stations, through its digital interface, www.radiosity.in. Radio City has spearheaded the evolution of FM radio by delivering unique, innovative content and invoking the passion for the city among listeners with its “Rag Rag Mein Daude City” brand philosophy. The network introduced humor and the concept of the agony aunt to radio with Babber Sher and Love Guru respectively. He also launched the Radio City Freedom Awards, a platform to recognize independent music, and provided a launching pad for aspiring singers with Radio City Super Singer, the first singing talent hunt on radio.
Safe Harbor Statement Statements contained herein regarding future status, events or circumstances, including, but not limited to, statements about plans and objectives, progress and results of research and of development, characteristics and potential uses of products, sales potential of products and target dates for product launch are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company undertakes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors.
Summary of news:
- Operating Leverage Drives Strong EBITDA Growth at Radio City
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