Music Broadcast Q4 net jumps 261.3% to Rs 16.26 cr

Private FM radio broadcaster Music Broadcast today posted a 261.33 per cent jump in its net profit at Rs 16.26 crore for the quarter ended March 31.

The company had posted a net profit of Rs 4.50 crore during corresponding quarter last fiscal, it said in a statement.

Total income during the quarter under review stood at Rs 81.33 crore, compared to Rs 68.23 crore for the same period a year ago.

"The growth in topline was majorly contributed by phase III stations in terms of volume and by legacy stations in terms of yields," its director Apurva Purohit said.

For the year 2017-18, its net profit stood at Rs 51.72 crore, as against Rs 36.66 crore in the previous fiscal.

Total income for the year stood at Rs 317.63 crore. It was Rs 275.86 crore in 2016-17.

"Our Phase III stations have seen a break even for fourth quarter much before our estimates and they will have a meaningful contribution to the EBITDA in the quarters to come. Our legacy stations are running at a healthy utilisation levels," Purohit added. **** Dhanuka Agritech Q4 net jumps 14.7% to Rs 28.63 cr *