94.3 Radio One Q2 Results: Revenue up 17% to Rs 19.56 cr
EBIDTA up 32% from Q1 2018-19; April-Sept 18-19 EBIDTA up 54.7 per cent compared to Apr-Sept 17-18
94.3 Radio One (Next Radio Ltd) declared its financial results in the board meeting held on November 1, 2018.
Revenue was up 17 per cent sequentially from Rs 16.73 crore in Q1 2018-19 to Rs 19.56 crore in Q2 2018-19. EBIDTA was up 32 per cent from Rs 2.54 crore in Q1 2018-19 to Rs 3.37 crore in Q2 2018-19.
In a Q2-to-Q2 comparison, revenue was up 3 per cent in Q2 18-19 as compared to Q2 17-18. Q2 18-19 EBIDTA at Rs 3.37 crore was up 13.4 per cent over Q2 17-18 at Rs. 2.97 crore.
The half year performance of the company, April to Sept 2018, saw a revenue growth of 4.8 per cent from Rs 34.46 crore in Apr-Sept 17-18 to Rs 36.29 crore in Apr-Sept 2018-19. Further, the network recorded a superlative EBIDTA growth of 54.7 per cent from Rs 3.27 crore in Apr-Sept 17-18 to Rs 5.91 crore in Apr-Sept 18-19.
Talking about the results, Vineet Singh Hukmani, MD & CEO Next Radio Ltd, said, “Despite an overall commoditized & therefore difficult media market in the first half of the year, that continues to witness single digit topline growth, we were able to maximize efficiencies across functions resulting in substantial EBIDTA growth in our radio business. In our 11th year, we continue to be India’s No1 international radio network in Delhi Mumbai & Bangalore and only premium Hindi network in Pune Kolkata Chennai & Ahmedabad.”
“We have not only strengthened our position with unique engaging content designed for our 5.94 million upscale listener tribe (IRS 2017), but we now have a means to measure brand consumption & preferences of our high value audience using our innovative audience tracker called the International Indian Monitor. This pioneering effort offers unique value to our advertisers in creating powerful & engaging conversations with our unique tribe on air & online,” Hukmani said.
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