Q1 FY14 CONSOLIDATED EBITDA AT RS. 0.9 CRORE - ACHIEVES BREAK EVEN
Q1 FY14 CONSOLIDATED TOTAL INCOME OF RS. 61.1 CRORE; INCREASE OF 26% Y-O-Y
Q1 FY14 CONSOLIDATED EBITDA AT RS. 0.9 CRORE
HIGHEST EVER Q1 RADIO REVENUES AT RS. 47.3 CRORE; INCREASE OF 31% Y-O-Y
Q1 FY14 RADIO EBIT AT RS. 8.7 CRORE AS AGAINST EBIT OF RS. (1.0) CRORE IN Q1 FY13
Q1 FY14 TV BUSINESS REVENUE AT RS. 8.4 CRORE; INCREASE OF 37% Y-O-Y
NO. 1 RADIO NETWORK ACROSS DELHI, BANGALORE, KOLKATA AND
HINDI SPEAKING MARKETS: IRS AND RAM
92.7 BIG FM’s MUMBAI AND KOLKATA STATIONS CHANGE MUSIC FORMAT TO 100% RETRO; DEMONSTRATE SIGNIFICANT GROWTH IN MARKET SHARE
BIG MAGIC EXPANDS DISTRIBUTION ACROSS HINDI SPEAKING MARKETS;
NOW AVAILABLE ON ALL MAJOR DIGITAL PLATFORMS
BIG MAGIC BIHAR AND JHARKHAND SUSTAINS MARKET LEADERSHIP WITH 36 GRPs
Reliance Broadcast Network (RBNL), a Reliance Group Company, has reported strong performance for the quarter ended June 30, 2013, achieving operating break even, with consolidated total income of Rs 61.1 crore and consolidated EBITDA of Rs 0.9 crore.
The company reported a 31 per cent increase in revenues for radio at Rs 47.3 crore in Q1 FY14 and stands to gain from the impending Phase III auctions, which will see private FM radio service expand to 294 additional cities.
Television business delivered strong performance, clocking 37 per cent Y-o-Y growth with revenues at Rs 8.4 crore. The company believes that TRAI’s mandate to regulate advertisement inventory to 10 minutes per clock hour will translate into more equitable distribution of advertisement inventory across channels, resulting in increased advertisement flow to both radio and emerging channels like Big Magic, Big CBS and Big RTL Thrill.
Commenting on the performance, Tarun Katial, Chief Executive Officer, Reliance Broadcast Network said, “Reliance Broadcast Network has delivered robust performance, breaking even at the operating level. Radio has delivered the highest ever Q1 performance, fortifying its position as the leading national network and both key businesses of radio and television are primed to benefit from the impending government reforms.”