Name: Latest research reports of Music Broadcast Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Music Broadcast Ltd.
Rating: 3
Author: ICICI Securities Limited

Music Broadcast Ltd.

NSE: RADIOCITY | BSE: 540366 | ISIN: INE919I01024 | Industry: Broadcasting & Cable TV
| Value Stock, Under Radar

9.4200 0.23 (2.50%)

NSE Apr 08, 2025 15:31 PM

New 52W Low in past week

Volume: 60,896

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 -23.54% in the last 3 Months