Posted inEntertainment

Radio City posts sharp sequential turnaround in Q3 as cost cuts lift margins; PAT turns positive

Synopsis: Music Broadcast Ltd, which runs Radio City, reported a strong sequential recovery in the December quarter, with operating EBITDA jumping to ₹15.9 crore and margins expanding to 34% on the back of aggressive cost rationalisation and operating leverage. Revenue rose 23% quarter-on-quarter to ₹46.4 crore, while reported PAT turned positive at ₹4.1 crore from […]