Radio One leaps forward in Q3

94.3 RADIO ONE the radio station brand owned by Next Radio Ltd declared its Q3 audited financials in the board meeting held on 23rd Jan 2015. Next Radio Ltd is the FM radio subsidiary of the listed Next Media works Ltd.

Audited Q3 14-15 Results of Next Radio Ltd (Radio One).  Revenue up 25.6%, EBIDTA up 42%, Profit before tax up 167%!

Topline Revenue in Q3 of 14-15 was at INR 19.11cr, up 25.6% from the revenue of INR 15.22cr in Q3 of 13-14. EBIDTA was up 42% at INR 8.28Cr in Q3 14-15 from the INR 5.83cr in Q3 of 13-14. EBIDTA margin is an industry best figure of 43% in Q3 14-15 up from 38% in Q3 13-14. Profit Before Tax was up 167% from INR 1.75cr in Q3 13-14 to INR 4.75Cr in Q3 14-15 .The PBT margin has risen from 11.7% in Q3 13-14 to 24.9% in Q3 14-15 due to significantly reduced interest costs as a result of business generating substantial amount of cash which has been used to retire debt.

Q3 financial results table below:

Vineet Singh Hukmani, MD & CEO Radio One said, "The growth engines of our radio business namely highly differentiated & targeted formats for upscale listeners in our 7 cities, lowest cost of operation in the market, increased yield per hour due to continuous content innovation both on air and digitally AND retiring debt quickly due to maximized cash generation continue to help us outgrow the market on margins and profits. We are confident that we will be able to replicate this growth model in the new metro markets that we will acquire in phase 3 of FM Radio now activated by the Government of India."

Audited April-Dec 14-15 Results of Next Radio Ltd (Radio One).  Revenue up 12.7%, EBIDTA Up 23%, Profit before tax up 154%!

Topline Revenue in APR - DEC 14-15 was at INR 48.7Cr, up 12.7% from the revenue of INR 43.2cr in Apr-Dec of 13-14. EBIDTA was up 23% at INR 18.6Cr in Apr-Dec 14-15 from INR 15.12Cr in the same period last year. EBIDTA margin is an industry best figure up from 35% to 38% and PBT was up 154% from INR 2.96cr in Q3 13-14 to INR 7.52Cr in APR-DEC 14-15 .The PBT margin has risen from 6.9% in APR-DEC 13-14 to 15.4% in APR-DEC 14-15 due to significantly reduced interest costs as a result of business generating substantial amount of cash which has been used to retire debt.

Apr –Dec financial results table below: