ECONOMY

Music Broadcast Q4 Review – Second Wave Pushes Recovery Further Away: ICICI Direct

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Music Broadcast Ltd. reported a subdued set of numbers for Q4 FY21.

Revenues dipped 7.4% YoY to Rs 42.5 crore due to continued erosion in yields.

The company reported 11% YoY growth in volumes in Q4 FY21, with yields lower in major stations by 20-25%.

Industry volume increased 4% YoY in the quarter.

Reported Ebitda was at Rs 2.9 crore for the quarter while Ebitda margin was 6.2%, down 300 basis points YoY compared to adjusted Ebitda margins for Q4 FY20 (Ebitda margin for the base quarter was 9.1% adjusted to one off expenses of Rs 9.5 crore).

Click on the attachment to read the full report:

ICICI Direct MusicBroadcast Q4FY21 Result Update.pdf

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