Q4FY21 Result Update - Music Broadcast - ICICI Direct

Music Broadcast (MBL) reported a subdued set of numbers for Q4FY21. Revenues dipped 7.4% YoY to Rs. 42.5 crore due to continued erosion in yields. The company reported 11% YoY growth in volumes in Q4FY21, with yields lower in major stations by 20-25%. Industry volume increased 4% YoY in the quarter. Reported EBITDA was at Rs. 2.9 crore for the quarter while EBITDA margin was 6.2%, down 300 bps YoY compared to adjusted EBITDA margins for Q4FY20 (EBITDA margin for the base quarter was 9.1% adjusted to one off expenses of Rs. 9.5 crore). Consequently, the company reported PAT loss of Rs. 3.9 crore vs. adjusted profit of Rs. 60 lakh in the base quarter.

For details, click on the link below: Link to the report

Shares of Music Broadcast Ltd was last trading in BSE at Rs.23.4 as compared to the previous close of Rs. 24.4. The total number of shares traded during the day was 289561 in over 665 trades.

The stock hit an intraday high of Rs. 24.15 and intraday low of 23.2. The net turnover during the day was Rs. 6819910.

Source : Equity Bulls

Keywords