Regulators

Radio City reports higher revenue & profits for first quarter

BENGALURU: India FM Radio company Music Broadcast Limited (MBL) or Radio City reported higher revenue and improved profits for the quarter ended 30 June 2017 (Q1-18, current quarter) as compared to the corresponding quarter of the previous year (Q1-17). The company reported 17.3 per cent higher total income for Q1-18 at Rs 703.1 million as compared to Rs 628.4 million in Q1-17. Total comprehensive income (TCI) for Q1-18 increased 42.3 per cent to Rs 108.4 million (14.5 per cent of Total Income) from Rs 76.2 million ((11.9 per cent of Total Income) in Q1-17.

MBL’s operating profit (EBIDTA inclusive of other income) in the current quarter increased 13.7 per cent to Rs 217.7 million (29 per cent of Total Income) from Rs 191.5 million (30 per cent of Total Income) in the corresponding quarter of the previous year. Profit after Tax or PAT in Q1-18 also increased 42.3 per cent to Rs 108.4 million (14.5 per cent of Total Income) from Rs 76.2 million (11.9 per cent of Total Income) in Q1-17.

Total Expenditure for Q1-18 increased 11.7 per cent to Rs 584 million (77.9 per cent of Total Income) from Rs 522.7 million (81.8 per cent of Total Income) in Q1-17. Other expense in Q1-18 increased 9.9 per cent to Rs 258.2 million (34.4 per cent of Total Income) from Rs 234.9 million (39.8 percent of Total Income) in the corresponding year ago qurter.

MBL paid 10.9 per cent more towards license fees for Q1-18 at Rs 51.9 million (6.9 per cent of Total Income) as compared to Rs 46.8 million (7 per cent of Total Income) in Q1-17. Finance Costs in the current quarter declined 5.6 per cent to Rs 38.6 million (5.1 percent of Total Income) from Rs 40.9 million (6.4 per cent of Total Income) in Q1-17. Employee Costs in the current quarter increased 10.4 per cent to Rs 171.3 million (22.8 per cent of Total Income) from Rs 155.2 million (24.3 per cent of Total Income) in the previous year.

The company added eleven new stations acquired during Phase III auctions. All the 11 stations were operational for the entire quarter with utilization levels in new stations of 25 to 35 per cent. MBL says that 5 out of the 11 new stations were running at more than 30 per cent utilisation levels.

Company speak

Commenting on the results MBL director Apurva Purohit, said, “We have been able to deliver margins of approximately 32 per cent and show growth of 16 per cent despite additional operating cost of the new stations. This is because of rate hike in the legacy stations as well as better than expected utilization in the new markets. Our strategy of profitable growth and not bidding high costs for acquisition in Phase III along with maintaining lowest cost per million is delivery results. Going ahead in the future I see better utilization in our new stations supported by increased

utilization and price hike in our legacy stations. We are confident on maintaining our current level of EBITDA margins

and achieve our long term goal of profitable leadership.”

ALSO READ :

Radio City reports higher numbers

Radio City launches initiative to felicitate regional film fraternity

Music Broadcast plans IPO; to make buys

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/01/04/img_04012022_180809_800_x_800_pixel.jpg?itok=XgQco3Az
I&B ministry lays down guidelines for infrastructure sharing by MSOs

Mumbai: The ministry of information and broadcasting (I&B) has given its go-ahead to the multi-system operators (MSOs) to share infrastructure with other MSOs on a voluntary basis. As per the guidelines released by the ministry, the responsibility for compliance with guidelines and other...

Regulators I&B Ministry
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/12/30/trai.jpg?itok=xRxmQtAw
Trai to form committee for smooth rollout of NTO 2.0

The Telecom Regulatory Authority of India (Trai) has decided to form a committee with representation from leading pay TV industry associations to ensure the smooth implementation of the New Regulatory Framework 2020 and identify impediments with counter-measures for the overall growth of the...

Regulators TRAI
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/12/09/img_09122021_134949_800_x_800_pixel.png?itok=3w3vGi0q
Trai asks broadcasters, DPOs to comply with interconnection agreements regulations

Mumbai: The Telecom Regulatory Authority of India (Trai) has asked broadcasters and distributors of TV channels to immediately implement the provisions of the Telecommunication (Broadcasting and Cable) Services Register of Interconnection Agreements and all such other matters Regulations, 2019. The...

Regulators TRAI
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/12/09/trai.jpg?itok=B2QxcRHM
Trai seeks suggestions to enhance ease of doing business in telecom and broadcasting sector

The Telecom Regulatory Authority of India (Trai) has released a consultation paper on “Ease of Doing Business in Telecom and Broadcasting Sector”. The industry stakeholders can send their comments by 5 January 2022, and counter comments can be submitted by 19 January 2022.

Regulators TRAI
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/12/07/img_07122021_165749_800_x_800_pixel.jpg?itok=I8KQISEJ
Prasar Bharati not closing any Akashvani radio station in India: Anurag Thakur

Mumbai: Prasar Bharati is not closing any Akashvani radio station in India, the minister of information and broadcasting Anurag Thakur told the Parliament on Tuesday. Thakur was responding to concerns regarding the closure of radio stations across different parts of the country that have been in...

Regulators I&B Ministry
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/11/30/coirt.jpg?itok=Pc-8Inz3
Supreme Court to hold final hearing in NTO 2.0 case today

The Supreme Court is all set to hold the final hearing in the NTO 2.0 case on Tuesday. The matter pertains to a bunch of petitions filed against the Bombay high court order regarding the implementation of the New Tariff Order (NTO) 2.0 issued by the telecom regulator.

Regulators Supreme Court
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/10/28/img_28102021_130219_800_x_800_pixel.jpg?itok=hXanRTm4
MIB asks media outlets to display logo of ‘Azadi Ka Amrit Mahotsav’

Mumbai: The central government has directed print, electronic and digital media to display the logo of ‘Azadi Ka Amrit Mahotsav’ as part of the campaign to commemorate the completion of 75 years of Indian independence. “Private media have consistently taken the lead in celebrating India’s patriotic...

Regulators I&B Ministry
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/10/28/tele.jpg?itok=yJM4HOD3
DoT permits laying of overhead fiber ahead of 5G roll out

The Department of Telecommunications (DoT) has amended the Indian Telegraph Right of Way Rules (RoW), 2016 by way of a gazette notification permitting laying overhead optical fiber cable (OFC).

Regulators TRAI
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/10/25/trai.jpg?itok=VAs0Xjuh
Trai vs broadcasters: Impact could be larger than expected

The TV industry is eagerly awaiting the outcome of the court battle between the Telecom Regulatory Authority of India (Trai) and TV broadcasters led by the Indian Broadcasting Foundation (IBF) on the new tariff order (NTO) 2.0 case that will be heard on 30 November.

Regulators TRAI

Sign up for our Newsletter

subscribe for latest stories

* indicates required