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Radio One records 6.5% increase in revenues

Radio One records 6.5% increase in revenues

Author | exchange4media News Service | Wednesday, Oct 29,2014 5:34 PM

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 Radio One records 6.5% increase in revenues

Next Radio Ltd (the radio subsidiary of Next Mediaworks Ltd) that owns the 94.3 Radio One brand declared its audited Q2 results ended September 14-15. The company runs differentiated format radio stations strictly targeting ‘upscale educated audiences’ in Mumbai, Delhi, Bangalore, Pune, Kolkata, Ahmedabad & Chennai.

FINANCIAL RESULTS Q2 (July-Sept) 14-15 compared with Q2 (July-Sept) 13-14 and with Q1 (April – Jun) 14-15

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 at is up at 40%, from 36% in the same time last fiscal. Profit (before tax) is up 165% to Rs 2.39 crore from Rs 0.9 crore in the same period last fiscal.

 

 

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 14-15 was also up 41% from the previous quarter Q1 FY 14-15 (4.28cr) of the current financial year.

FINANCIAL RESULTS H1 (April-Sept) 14-15 compared with H1 (April-Sept) 13-14

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% as compared to 33% in the same time last fiscal. Profit (before tax) is up 135% to 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, MD & CEO , Next Radio Ltd said, “We have succeeded in distancing ourselves significantly in format from the mass leader in all our 7 cities by focusing strongly on upscale educated audiences and this polarization 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 as compared to the industry, resulting in the best EBIDTA margin at 40%. Cash generated is up 45% from last year and has resulted in reducing debt significantly, there by reducing interest costs which has resulted in a high PBT growth of 165%. We are perfectly poised with our investors/banking partners to renew our licenses 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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