Next Mediaworks Q1 FY16 total income up by 26.5% to Rs 18.37 cr

Operating revenue from the radio subsidiary was up by 18.52 per cent from Rs 14.52 crore in Q1 FY15 to Rs 17.21 crore in this quarter

BestMediaInfo Bureau | Delhi | August 7, 2015

Next Mediaworks has reported a 707.7 per cent jump in its profit before tax for the first quarter ended June 30, 2015. Total income was up by 26.5 per cent to Rs 18.37 crore.

EBIDTA was up by 56.7 per cent to Rs 5.97 crore in Q1 FY16, with EBIDTA margin at 35 per cent, compared to 26 per cent in Q1 FY15.

Operating revenue from the radio subsidiary was up by 18.52 per cent from Rs 14.52 crore in Q1 FY15 to Rs 17.21 crore in this quarter.

Commenting on the results, Tariq Ansari, Chairman and MD, Next Mediaworks, said, “We are extremely excited to see the continued growth of our radio business, ahead of the market. Both sales and EBIDTA have seen tremendous traction in the quarter, a performance that we hope to replicate in the year ahead. On the eve of FM Phase III, we are also 'cleaning up' our balance sheet to put the difficulties of the past behind us and take the company forward on a new trajectory.”

Next Mediaworks is the holding company of Next Radio (Radio One), which operates FM radio stations in seven cities – Mumbai, Delhi, Kolkata, Chennai, Bangalore, Ahmedabad and Pune.

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