Music Broadcast Limited Reports Earnings Results for the Third Quarter Ended December 31, 2019
January 27, 2020 at 06:56 pm IST
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Music Broadcast Limited announced earnings results for the third quarter ended December 31, 2019. For the third quarter, the company announced total revenue was INR 738.000 million compared to INR 914.800 million a year ago. Net income was INR 101.800 million compared to INR 163.800 million a year ago. Basic earnings per share was INR 0.37 compared to INR 0.59 a year ago. For the nine months, total revenue was INR 2,143.900 million compared to INR 2,533.200 million a year ago. Net income was INR 371.100 million compared to INR 432.600 million a year ago. Basic earnings per share was INR 1.34 compared to INR 1.53 a year ago.
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.
MUSIC BROADCAST LIMITED 
