Music Broadcast Ltd.

NSE: RADIOCITY | BSE: 540366 | ISIN: INE919I01024 | Industry: Broadcasting & Cable TV
| Slowing Down Stock

ICICI Securities Limited
Music Broadcast (MBL) reported subdued set of numbers for Q3FY21. Revenues dipped sharply by 41.6% YoY to | 40.7 crore on the back of lower ad yield. Reduction in operating costs during the quarter was again a positive. EBITDA was at | 4.2 crore, down 80.7% YoY as operating performance was impacted by lower topline. Consequently, the company...
Music Broadcast Ltd. has lost -21.89% in the last 6 Months
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