RBNL posts highest ever consolidated income in Q1 FY12

Total income stands at Rs. 75.2 crores; Radio operations continue to remain EBIT positive.

BestMediaInfo Bureau | Delhi | August 16, 2011

Reliance Broadcast Network Ltd., India's youngest multi-media entertainment conglomerates with play across the businesses of radio, television, out of home, intellectual property and television production closed the quarter ending June 2011. The Company announces its results on the back of strong performance in its radio operations which remain EBIT positive.

Standalone Key Performance - quarter ended June 2011 vs. quarter ended June 2010:

• RBNL reported revenues of Rs. 80.7 Cr, up by 55%
• Segmental Revenues
• Radio remains EBITDA positive at Rs. 16.3 Cr
• RBNL Standalone PAT Rs. (3.5) Cr

• • Radio broadcasting business reported revenue of Rs. 49.5 Cr posting a growth of 22%
  • Intellectual property business revenues grew 33% to Rs. 7 Cr
  • OOH business posted a growth of 13% to Rs. 5.1 Cr growth in sales performance
  • Television production business posted top line of Rs. 16.4 Cr

Consolidated Key Performance - quarter ended June 2011 vs. quarter ended June 2010:

• Reported Consolidated revenues of Rs. 75.2 Cr
• Total Consolidated PAT reported of Rs. (29.1) Cr
• Radio broadcasting business reported a PAT of Rs. 2.3 Cr
• Reported losses primarily due to initial expenses related to television channels launched during the quarter – BIG Magic & BIG CBS Spark

The quarter saw the Company sign a joint venture with the leading European Entertainment Network, RTL Group, part of Bertelsmann AG to launch two thematic television channels in India through an equally owned joint venture Company. The Channels will launch in this fiscal.

Commenting on the performance, Tarun Katial, Chief Executive Officer, Reliance Broadcast Network Limited said, “We are happy to announce good quarterly results. The radio broadcasting business will be a catalyst for future growth with phase III allowing for it to further consolidate, as it continues to be EBIT positive. We are further strengthening the television broadcasting business with the launch of BIG MAGIC, which has created quick success for itself. BIG CBS Spark launched in the quarter, marking the successful completion of the BIG CBS bouquet. The carefully crafted television portfolio targeting the top and bottom end of the pyramid are seeing good traction. The recent acquisition of BIG Productions enhanced our top-line growth and has a robust revenue pipeline ahead. The Company, under 5 years of age, is on its path towards scale and profitability and is confident to carve out a larger market share with high growth potential in all our divisions.”

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