12 Aug 2020 | 3:02 AM

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COMPANYNEWS
Music Broadcast Q3 net profit up 37.88% at Rs 16.38 cr
  Music Broadcast Ltd. | 17 Jan 2020 | 10:51 AM
Published on 01-29-2019
The company reported standalone net profit of Rs 16.38 crore for the quarter ended December 31 2018 as compared to Rs 11.88 crore in the same period last year registering a year-on-year growth of 37.88 per cent.


Net revenue of the company rose moderately by 14.23 per cent at Rs 87.02 crore in October-December quarter of this fiscal as against Rs 76.18 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 10.52 per cent to Rs 58.42 crore from Rs 52.86 crore in year ago period.


Other Income grew by 3.00 per cent at Rs 4.46 crore versus (Dec`17 Rs 4.33 crore).


Operating Profit surged by 22.64 per cent to Rs 28.60 crore as against Rs 23.32 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 7.38 per cent in December quarter.


Interest declined by 65.05 per cent y-o-y to Rs 1.37 crore while Taxation increased by 60.71 per cent at Rs 8.55 crore (Dec`17 Rs 5.32 crore).