Q1 2025 Music Broadcast Ltd Earnings Call Transcript
Key Points
- Revenue grew by 12% year on year, reaching INR59.6 crores.
- EBITDA surged by 25% year on year, with EBITDA margins expanding by 260 basis points to 27%.
- Digital business achieved a 45% year-on-year growth, contributing 10% to overall revenue.
- Radio City maintained a market share of 19% and launched RC Studio on JioTV, expanding reach.
- Strong liquidity position with cash reserves of INR338 crores as of June 30, 2024.
- Ad rates are still at 90% of pre-COVID levels, indicating incomplete recovery.
- Inventory utilization is at 71%, suggesting underutilized capacity.
- High dependency on political advertising for yield growth, which may not be sustainable.
- Challenges in increasing pricing power due to industry concentration and competition.
- Future growth is uncertain due to the cyclical nature of the media industry and external environmental factors.
Ladies and gentlemen, good day, and welcome to Music Broadcast Limited Q1 FY25 earnings conference call. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations of the company as on date of this call. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Ashit Kukian, CEO from Music Broadcast Limited. Thank you, and over to you, sir.
Thank you. Good afternoon, everyone, and a very warm welcome to the Q1 FY25 earnings conference call of Music Broadcast Limited. Joining me on the call is Mr. Rajiv Shah from our IR team and our investor relations partner, Strategic Growth Advisors.
I'm excited to share the company's financial results for Q1 FY25. These achievements reflect the dedication and hard work of our team and
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