2 weeks Ago
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.
