Radio One reports 165% increase in PBT in Q2FY15
The radio network's revenue is up 6.5% from Rs 14.14 crore to Rs 15.06 crore; the EBIDTA margin is at 40%
BestMediaInfo Bureau | Delhi | October 30, 2014
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Next Radio Ltd, which owns 94.3 Radio One, has declared its audited Q2 results for FY 2015 (ended September 2014). Revenue is up 6.5% from Rs 14.14 crore to Rs 15.06 crore. EBIDTA is up 20% from Rs 5.03 crore to Rs 6.04 crore. EBIDTA margin is up at 40%, from 36% in the same time last fiscal. Profit (before tax) is up 165% at Rs 2.39 crore from Rs 0.9 crore in the same period last fiscal.
The company runs differentiated format radio stations strictly targeting 'upscale educated audiences' in Mumbai, Delhi, Bangalore, Pune, Kolkata, Ahmedabad and Chennai.
|
Q2 13-14 |
Q2 14-15 |
%Increase |
| Revenue |
14.14cr |
15.06cr |
6.50% |
| EBIDTA |
5.03cr |
6.04cr |
20% |
| EBIDTA Margin |
36% |
40% |
|
| Profit (before tax) |
0.9cr |
2.39cr |
165% |
EBIDTA profit for the current quarter 2 (Rs 6.04 crore), in FY 2014-15 was also up 41% from the previous quarter Q1 FY 3014-15 (Rs 4.28 crore).
H1 (April-Sept) 2014-15:
For H1 FY 2015, Revenue is up 5.4%, from Rs 28.07 crore to Rs 29.58 crore. EBIDTA is up 11% from Rs 9.3 crore to Rs 10.32 crore. EBIDTA margin is up at 35% compared to 33% in the same time last fiscal. Profit (before tax) is up 135% at Rs 2.77 crore from Rs 1.18 crore in the same period last fiscal.
|
H1 13-14 |
H1 14-15 |
%Increase |
| REVENUE |
28.07cr |
29.58cr |
5.40% |
| EBIDTA |
9.30cr |
10.32cr |
11% |
| EBIDTA MARGIN |
33% |
35% |
|
| Profit (before tax) |
1.18cr |
2.77cr |
135% |
Vineet Singh Hukmani
Vineet Singh Hukmani, MD & CEO , Next Radio Ltd, said, “We have succeeded in distancing ourselves significantly in format from the mass leader in all our seven cities by focusing strongly on upscale educated audiences and this polarisation has given us high advertiser traction who are looking to target better. This has improved the value of our business at a much lower cost compared to the industry, resulting in the best EBIDTA margin at 40 per cent. Cash generated is up 45 per cent from last year and has resulted in reducing debt significantly, thereby reducing interest cost which has resulted in a high PBT growth of 165 per cent. We are perfectly poised with our investors/banking partners to renew our licences and choose lucrative new ones in the upcoming phase 3 FM radio auctions. We will continue to invest as we have been doing in our differentiated product combined with digital engagement to connect superlatively with our well profiled listener across India.”
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