Revenue in Q3 was Rs 19.11 crore, up 25.6% from Rs 15.22 crore in Q3 of 2013-14. The EBIDTA margin is an industry best figure of 43% in Q3 2014-15
BestMediaInfo Bureau | Mumbai | January 27, 2015
Radio One, the radio station from Next Radio Ltd, has registered growth in revenue by 25.6%, EBIDTA by 42% and Profit Before Tax by 167% in Q3 2015. The company declared its Q3 audited financials in the board meeting held on January 23, 2015.
Commenting on the growth figures, Vineet Singh Hukmani, MD and CEO of Radio One, said, “The growth engines of our radio business namely highly differentiated and targeted formats for upscale listeners in our seven cities, lowest cost of operation in market, increased yield per hour due to continuous content innovation both on air and digitally and retiring debt quickly due to maximised cash generation continue to help us outgrow the market on margins and profits.”
The company’s topline revenue in Q3 (2014-15) was Rs 19.11 crore, up 25.6% from Rs 15.22 crore in Q3 (2013-14). EBIDTA was up 42% at Rs 8.28 crore in Q3 (2014-15) from Rs 5.83 crore in Q3 (2013-14). The EBIDTA margin is an industry best figure of 43% in Q3 2014-15, up from 38% in Q3 2013-14. PBT was up 167 per cent from Rs 1.75 crore in Q3 2013-14 to Rs 4.75 crore in Q3 2014-15.
The PBT margin has risen from 11.7% in Q3 2013-14 to 24.9% in Q3 2014-15 due to significantly reduced interest rates as a result of business generating substantial amount of cash which has been used to retire debt.
“We are confident of replicating this growth model in the new metro markets that we will acquire in Phase-3 of FM Radio now activated by the Government of India,” Hukmani said.