Music Broadcast Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 26, 2023 at 08:45 am EDT
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Music Broadcast Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 524.44 million compared to INR 486.4 million a year ago. Revenue was INR 581.55 million compared to INR 534.67 million a year ago. Net income was INR 3.66 million compared to INR 1.03 million a year ago. Basic earnings per share from continuing operations was INR 0.01.
For the six months, sales was INR 1,054.72 million compared to INR 927.84 million a year ago. Revenue was INR 1,168.29 million compared to INR 1,021.09 million a year ago. Net income was INR 13.02 million compared to INR 1.13 million a year ago. Basic earnings per share from continuing operations was INR 0.04.
Music Broadcast Limited is an India-based company, which is engaged in the business of operating private frequency modulation (FM) radio stations through the brand name, Radio City. Radio City is focused to be a one-stop shop for its advertisers by providing integrated solutions, including content production, event IPs, social media, commissioned podcasts, audio stories, influencer marketing, and various others. It is engaged in digital proactive collaborations with brands, such as Samsung, Tiger Balm, Super 4, Lifestyle, Maruti Suzuki-Ertiga, Canara Bank and T-series, among others. The Company provides humor-based IPs Babber Sher, Joke Studio and the IP Love Guru with a concept of love, relationships and romantic endeavors. South Ka Blockbuster, its interactive microsite, provides users with exclusive interviews, unseen photo galleries, interactive celebrity quizzes, and polls about popular South Indian superstars. It has approximately 39 stations in 12 states and one union territory.