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According to Prashant Panday, radio industry is a high operating leverage industry, so any boost in revenue transfers will boost margin. The company will see high ad revenue growth in Q4 due to elections.
Kotak Securities has come out with its earnings estimates on media sector for December quarter FY13. Advertising expenditures' growth has likely been soft in the quarter.
ICICI direct.com has come with its September`12 quarterly earning estimates for media sector.
Kotak Securities has come with its September`12 quarterly earning estimates for media space. Research firm expect subdued performance from media sector stocks, on account of continued weakness in advertising expenditures.