My FM Q3 net at Rs 22 mn

MUMBAI: My FM, the radio business housed under DB Corp, has posted a net profit of Rs 22 million for the quarter ended 31 December 2011.

The FM company has also reported an Ebitda profit of Rs 44 million, as it witnessed 22 per cent increase in its advertising revenue for the quarter under review, compared to the year-ago period.

Radio business Ebitda margins stood at Rs 28 per cent, while advertising revenue stood at Rs 157million, compared to Rs 129 million in Q3 of FY?11.

DB Corp has employed a capital of Rs 682.5 million in its radio business, according to data provided till 31 December 2011.

DB Corp operates under the My FM brand in 17 cities spread across the seven states of Rajasthan, Haryana, Punjab, Gujarat, Maharashtra, Madhya Pradesh and Chhattisgarh.

Meanwhile, DB Corp, the publishers of Hindi daily Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar, has posted a net profit of Rs 554 million for the quarter under review, as compared to Rs 778 million in the year-ago period.

Consolidated revenue went up 14 per cent to Rs 3.96 billion, from Rs 3.48 billion a year ago. The company said it has witnessed a 9 per cent increase in advertising to Rs 3.06 billion (from Rs 2.81 billion in Q3 FY?11).

Total expenditure jumped to Rs 3.07 billion, from Rs 2.89 billion a year-ago. Consolidated Ebitda stood at Rs 1.02 billion, compared to Rs 1.15 billion.