Music Broadcast Q1 PAT seen up 6.8% YoY to Rs. 14.4 cr: ICICI Direct

ICICI Direct has come out with its first quarter (April-June’ 19) earnings estimates for the Media sector. The brokerage house expects Music Broadcast to report net profit at Rs. 14.4 crore up 6.8% year-on-year (down 21.4% quarter-on-quarter).

Net Sales are expected to increase by 1.1 percent Y-o-Y (down 6.5 percent Q-o-Q) to Rs. 76.5 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 3.1 percent Y-o-Y (down 21 percent Q-o-Q) to Rs. 25.3 crore.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.