Music Broadcast Q2 results: loss at ₹1.99Cr, Revenue increased by 4.55% YoY
Music Broadcast Q2 results: Revenue increased by 4.55% YoY & loss at ₹1.99Cr
Music Broadcast Q2 Results Live : Music Broadcast has announced its Q2 results for the fiscal year 2024, revealing a topline revenue increase of 4.55%. However, the company reported a loss of ₹1.99 crore, contrasting with a profit of ₹0.37 crore in the same period last year.
The results were declared on October 24, 2024, and despite the year-on-year revenue growth, there was a significant decline of 8.01% compared to the previous quarter.
In terms of expenses, the Selling, General, and Administrative expenses rose by 3.27% quarter-on-quarter and saw a notable increase of 15.86% year-on-year, adding pressure to the company's profitability.
The operating income has been particularly concerning, showing a staggering drop of 887.01% quarter-on-quarter and a decline of 194.37% year-on-year, indicating severe challenges in operational efficiency.
The Earnings Per Share (EPS) for Q2 stood at ₹-0.05, a drastic decrease of 256.07% year-on-year, reflecting the company's struggles to maintain profitability.
In terms of market performance, Music Broadcast has delivered a negative return of -8.39% over the last week, -23.06% over the past six months, and -17.66% year-to-date.
Currently, Music Broadcast holds a market capitalization of ₹581.8 crore, with its stock trading between a 52-week high of ₹25.35 and a low of ₹13.5, indicating volatility in investor sentiment.
Music Broadcast Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 54.83 | 59.6 | -8.01% | 52.44 | +4.55% |
| Selling/ General/ Admin Expenses Total | 19.99 | 19.36 | +3.27% | 17.26 | +15.86% |
| Depreciation/ Amortization | 8.63 | 8.53 | +1.16% | 8.28 | +4.18% |
| Total Operating Expense | 60.43 | 58.89 | +2.61% | 54.35 | +11.19% |
| Operating Income | -5.6 | 0.71 | -887.01% | -1.9 | -194.37% |
| Net Income Before Taxes | -1.97 | 4.5 | -143.79% | 1.33 | -247.8% |
| Net Income | -1.99 | 2.58 | -177.26% | 0.37 | -644.07% |
| Diluted Normalized EPS | -0.05 | 0.08 | -161% | 0.03 | -256.07% |
Stay updated on quarterly results with our results calendar
Catch all the Business News , Corporate news , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
Business NewsCompaniesCompany ResultsMusic Broadcast Q2 results: loss at ₹1.99Cr, Revenue increased by 4.55% YoY
FAQs
₹-1.99Cr
₹54.83Cr
First Published:26 Oct 2024, 10:12 AM IST
- Top Gainers
- Top Losers
- 52 Week High