Music Broadcast reports stellar growth in Q3 FY22; stock zooms over 3%

25 Jan 2022 , 01:55 PM

Music Broadcast Ltd. announced its results for the quarter ending December 2021 and reported a satisfactory performance. The company is stabilizing in terms of growth, and numbers have grown significantly over the last year.

The company reported its Net Sales at Rs 59.89 crore in December 2021 up by 47.27% YoY from Rs. 40.67 crore in the previous corresponding quarter.

While its Quarterly Net Profit stood at Rs. 9.01 crore in December 2021 up by a whopping 12202.05% YoY from Rs. 0.07 crore in December 2020.

Music Broadcast’s EBITDA stands at Rs. 21.66 crore for Q3 FY’22 up by 136.21% YoY as against 9.17 crore for Q3 FY’21.

Music Broadcast is currently trading at Rs 24.45 against its previous closing price of Rs 23.60, up by 85 paise or 3.60%. It opened at Rs 24.10 and has touched an intraday high and low of Rs 24.85 and Rs 24 respectively, so far in today’s trade.

Music Broadcast is a company engaged in providing radio broadcasting services. The company owns and operates radio stations and Internet music portals for range of music genres. Music Broadcast serves customers throughout India.