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News |  05 May 2012 14:54 |  By RnMTeam

My FM posts Q4 net profit of Rs 25.5 million

MUMBAI: My FM, the radio business housed under DB Corp, has posted a net profit of Rs 25.5 million for the last quarter of the fiscal ended 31 March 2012.

The FM segment’s Ebitda (earnings before interest, taxes, depreciation, and amortization) stood at Rs 52.4 million, as it witnessed a 10 per cent increase in its advertising revenue to Rs 146.4 million, compared to Rs 133.74 million in the corresponding quarter of the previous fiscal.

Meanwhile, for the full fiscal ended 31 March 2012, the radio business posted a net profit of Rs 33 million with a margin of 6 per cent. The company claimed that this is within shortest period of less than four years from start of all its station.

Income from the full fiscal stood at Rs 554.82 million, up 18.18 per cent compared to Rs 469.48 million in the previous fiscal.

My FM operates in 17 cities spread across the seven states of Rajasthan, Haryana, Punjab, Gujarat, Maharashtra, Madhya Pradesh and Chhattisgarh.

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