Music Broadcast Limited (MBL) has reported its Financial Results for the Quarter and Year ended March 31, 2018 and has delivered a topline growth of 14% in Q4 with a margin of 36%.
Key Highlights â Q4FY18:
â˘ EBITDA Margins at 36% with a 65% growth in EBITDA
â˘ EBITDA breakeven in Phase3 markets. Faster than anticipated
â˘ Robust revenue growth at 14%
â˘ PAT growth by 261%
Key Highlights â FY18:
â˘ Strong revenue growth at 10%
â˘ Volume growth better than the industry
â˘ Revenue growth majorly contributed by volume increase in the New Stations and robust value growth in Legacy Markets
â˘ EBITDA Margins at 32.6%
â˘ PAT growth by 41%
â˘ Volume share Increased to ~21% in the 15 Aircheck markets
â˘ Market Share in Bengaluru & Mumbai at 25% & 13.7% respectively
Commenting on the results, Apurva Purohit, Director, said: âOur company delivered a robust topline growth of 14% in Q4. The growth was majorly contributed by Phase III stations in terms of volume and by legacy stations in terms of yields. We reported margin of 36% for the quarter and 32.6% for the year end 2018, much better than expectations and infact maintained consistent margins of above 30% in all the four quarters despite a tough year and Phase III investments. This was on the back of a volume growth of 8%; higher than the Industry growth of 5%, thereby gaining 1% market share for Radiocity.â
âOur Phase III stations have seen a breakeven for Q4 much before our estimates and they will have a meaningful contribution to the EBITDA in the quarters to come. Our legacy stations are running at a healthy utilization levels. This gives us confidence that our strategy of being focussed will continue to deliver better than industry shareholder returns,â she added.
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