Music Broadcast Q3 PAT seen up 29.6% YoY to Rs. 15.4 cr: ICICI Direct

ICICI Direct has come out with its third quarter (October-December’ 18) earnings estimates for the Media sector. The brokerage house expects Music Broadcast to report net profit at Rs. 15.4 crore up 29.6% year-on-year (up 15% quarter-on-quarter).

Net Sales are expected to increase by 13 percent Y-o-Y (up 7.5 percent Q-o-Q) to Rs. 86.1 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 18.2 percent Y-o-Y (up 3.8 percent Q-o-Q) to Rs. 27.6 crore.

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