Music Broadcast Ltd. News and Updates

Name: Latest research reports of Music Broadcast Ltd. authored by Angel Broking and published by - Trendlyne research reports.
Item: Music Broadcast Ltd.
Rating: 5
Author: Angel Broking

Keep track of all breaking news on Music Broadcast Ltd. from all sources in a single place.

Load latest

Music Broadcast Ltd.

04 Feb 2020

Hold Music Broadcast; target of Rs 39: Prabhudas Lilladher

Moneycontrol

Prabhudas Lilladher recommended hold rating on Music Broadcast with a target price of Rs 39 in its research report dated January 28, 2019.

Music Broadcast Ltd. has lost -47.76% in the last 1 Year

Music Broadcast Ltd.

27 Jan 2020

Music Broadcast board gives nod for 1:4 bonus issue

Business Line

The board of Music Broadcast on Monday approved a bonus issue in the ratio 1:4 (one bonus share for every four held in the company) as on the record d

Music Broadcast Ltd. has lost -47.76% in the last 1 Year

Music Broadcast Ltd.

17 Jan 2020

Music Broadcast surges 18% ahead of board meet to consider bonus share

Moneycontrol

The share touched its 52-week high Rs 65.60 and 52-week low Rs 26.00 on 18 March, 2019 and 15 January, 2020, respectively.

Music Broadcast Ltd. has lost -47.76% in the last 1 Year

Music Broadcast Ltd.

09 Dec 2019, 12:00AM

Music Broadcast Ltd

Buy: Music Broadcast Ltd.

Target

Angel Broking

For 2QFY2020, Music Broadcast Limited (MBL) posted below expectation results both on top-line and bottom-line fronts. MBL's top-line registered a decline of ~22% yoy to `63cr on the back of lower ad spends. Moreover, the company's operating margins contracted by 354bps yoy. On the bottom-line front, MBL reported growth of ~38% yoy to `19cr on

Music Broadcast Ltd. is trading below all available SMAs

Music Broadcast Ltd.

15 Nov 2019

Music Broadcast Ltd

Music Broadcast Ltd.

Angel Broking

Music Broadcast Ltd. has lost -47.76% in the last 1 Year

Music Broadcast Ltd.

11 Nov 2019

Q2FY20 Result Update

Buy: Music Broadcast Ltd.

Target

Prabhudas Lilladhar

We cut our PAT estimates by 37.4%/23.4% for FY20E/21E as 1) national advertisers continue to remain apprehensive due to weak macro-economic environment 2) government, the largest category, is witnessing unprecedented cut/delay in ad spends with no signs of revival at least in the near term and 3) there was no visible uptick in ad volumes in the festive season that just culminated. In the top 15 markets, all categories except for auto and finance have reported a de-growth in ad volumes during 1HFY20. Despite such challenging environment RADIOCIT IN maintained its share of...

Music Broadcast Ltd. is trading below all available SMAs

Music Broadcast Ltd.

11 Nov 2019

Music Broadcast

Hold: Music Broadcast Ltd.

Target

ICICI Securities Limited

Music Broadcast (MBL) reported a weak set of numbers impacted by a steep decline in government & event segment. Revenues came in | 62.5 crore (decline of 22.5% YoY), much below our estimate of 10% decline as government and radio led events witnessed a steep decline of ~55% while non-government segment declined 6%. EBITDA came in at | 18.5 crore, down 30% YoY, with margin of 29.6%, down 350 bps, due to lower revenues. PBT at | 12.2 crore, witnessed a steep decline of 45% YoY. However, it reported profit of | 18.5 crore vs. our expectation of | 11.2 crore,...

Music Broadcast Ltd. is trading below all available SMAs

Music Broadcast Ltd.

30 Jul 2019

Music Broadcast

Hold: Music Broadcast Ltd.

ICICI Securities Limited

Revenues came in at | 69.8 crore (decline of 7.8% YoY), lower than our expectation of 1% YoY growth at | 76.5 crore. The underperformance was on account of the company's emphasis on yield improvement (they reported 4% yield improvement). Subsequently, the company let go a few low cost opportunities, which resulted in ~12% volume decline for the quarter. EBITDA for the quarter came in at | 22.4 crore (vs. our expectation of | 25.3 crore) on account of negative operating leverage while margins came in at 32.1%, lower than our expectation of 33%. PAT came in at | 8.4 crore (vs....

Music Broadcast Ltd. has lost -47.76% in the last 1 Year

Music Broadcast Ltd.

30 Jul 2019

Music Broadcast Ltd

Music Broadcast Ltd.

Angel Broking

For 1QFY2020, Music Broadcast Limited (MBL) posted below expectation results both on top-line and bottom-line fronts. MBL's top-line registered a decline of ~8% yoy to `70cr on the back of volume de-growth of 14%. Moreover, the company's operating margins contracted by 238bps yoy. On the bottom-line front, MBL reported de-growth of ~38% yoy to `8cr

Music Broadcast Ltd. is trading below all available SMAs

Music Broadcast Ltd.

29 Jul 2019

Weak ad market drags revenue - a first in many quarters

Buy: Music Broadcast Ltd.

Target

Motilal Oswal

Lower revenue weighs down EBITDA and PAT: Revenue decline of 8% YoY to INR698m (15% below est.) was a first in many quarters. Delayed national campaigns, decreasing low-yield local ads, and muted government/political advertisements led the revenue decline. Yield rose 4% in the top-12 markets. EBITDA declined 21% YoY to INR205m (22% miss) on pre Ind-AS 116 basis (EBITDA was INR18m on reported basis, down 14% YoY). EBITDA margins were down 500bp to 29.4%, (260bp miss), as opex remained flat QoQ. Subsequently, PAT declined 36% YoY to INR87m on pre Ind-AS 116...

Music Broadcast Ltd. has lost -47.76% in the last 1 Year

Is Music Broadcast Ltd. worth buying?

93 Votes:

Buy 82.8%

Sell 9.68%

Hold 7.53%