MUMBAI: Big FM, the FM radio brand of Reliance Broadcast Network (RBNL), has reported operating profit for the third straight quarter, even as all other businesses of the company are bleeding.
The radio broadcasting business reported an operating profit of Rs 120.33 million for the three-month period ended 30 September, as compared to an operating loss of Rs 22.14 million in the year ago period.
Big FM’s revenue jumped 48.02 per cent to Rs 571.01 million, as compared to Rs 388.4 million in the corresponding quarter of previous fiscal.
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Total capital deployed on the radio broadcasting segment stood at Rs 2.41 billion as of 30 September.
RBNL CEO Tarun Katial said, We are happy to report another quarter of robust PAT performance in our radio business despite seasonal challenges. The radio business continued its strong growth trajectory and we look forward to the opportunities from Phase III….
