MUMBAI: Reliance Broadcast Network Ltd. (RBNL), part of the Anil Dhirubhai Ambani Group, aims to grow its revenue at an annual rate of 30 per cent over the next five years.
RBNL had posted a revenue of Rs 2.51 billion in FY’11, up 36 per cent from the year-ago period. This performance reflected strong growth in business operations under the aegis of Big FM.
Big FM has recorded revenue of Rs 1.75 billion, a growth of 15 per cent over previous fiscal. It remained EBITDA positive at Rs 280 million, a growth of 732 per cent.
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The radio business is expected to account for 40 per cent of the company’s total revenue over the next five years, down from 70 per cent. Television will make up 40 per cent of the company’s revenue, while the other 20 per cent will come from other divisions The company also sees a healthy revenue stream from the internet and mobile radio space.
Said RBNL CEO Tarun Katial, “We are looking at a growth rate of over 30 per cent year-on-year, driven by television and radio. Digitisation, the ability to cater to audiences and Phase III in FM radio will be the growth drivers.”
