Music Broadcast Q3 FY24 Results Live : profit falls by 37.25% YOY
Music Broadcast Q3 FY24 Results Live : Revenue increased by 10.54% YoY & profit decreased by 37.25% YoY
Music Broadcast declared their Q3 FY24 results on 24 Jan, 2024. The topline increased by 10.54% & the profit decreased by 37.25% YoY. As compared to the previous quarter the revenue grew by 15.24% and the profit increased by 601.56%.
The Selling, general & administrative expenses rose by 1.63% q-o-q & increased by 12.05% Y-o-Y.
The operating income was up by 156.39% q-o-q & decreased by 7% Y-o-Y.
The EPS is ₹0.08 for Q3 FY24 which decreased by 34.91% Y-o-Y.
Music Broadcast has delivered -8.89% return in the last 1 week, 48.19% return in the last 6 months and 7.89% YTD return.
Currently, Music Broadcast has a market cap of ₹723.18 Cr and 52wk high/low of ₹21.8 & ₹9.7 respectively.
As of 25 Jan, 2024, out of 2 analysts covering the company, 2 analysts have given a Sell rating.
The consensus recommendation as of 25 Jan, 2024, was to Sell.
Music Broadcast Financials
| Period | Q3 FY24 | Q2 FY24 | Q-o-Q Growth | Q3 FY23 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 60.44 | 52.44 | +15.24% | 54.67 | +10.54% |
| Selling/ General/ Admin Expenses Total | 17.54 | 17.26 | +1.63% | 15.65 | +12.05% |
| Depreciation/ Amortization | 8.42 | 8.28 | +1.64% | 8.18 | +2.89% |
| Total Operating Expense | 59.36 | 54.35 | +9.23% | 53.52 | +10.92% |
| Operating Income | 1.07 | -1.9 | +156.39% | 1.15 | -7% |
| Net Income Before Taxes | 4.44 | 1.33 | +232.74% | 5.84 | -23.93% |
| Net Income | 2.57 | 0.37 | +601.56% | 4.09 | -37.25% |
| Diluted Normalized EPS | 0.08 | 0.03 | +139.34% | 0.12 | -34.91% |
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