eNews
Radio City Q3 results: 13 per cent revenue growth and 25 per cent growth in EBITDA
Mumbai: Music Broadcast Limited (MBL), India’s private FM radio broadcaster has reported its un-audited financial results for the quarter ended 31 December 2023.
Key highlights – Q3FY24:
· Q3FY24 top line of Rs 60.4 Crores; 11 per cent growth YoY
· EBITDA at Rs 15.3 Crores; 5 per cent Growth YoY
· EBITDA margin at 25.3 per cent
Key Highlights – 9MFY24:
· 9MFY24 Top line of Rs 165.9 Crores; 13 per cent growth YoY
· EBITDA at Rs 40.1 Crores; 25 per cent growth YoY
· EBITDA margin at 24.2 per cent
· Maintained a strong Position with 19 per cent volume market share
Includes other income
Commenting on the results, Radio City director, Shailesh Gupta said, “I am pleased to share that our revenues experienced an 11 per cent growth in the Q3FY24 with EBITDA margins at 25.3 per cent. Our focus continues towards the digital business which has a significant growth moving forward.
At Radio City, we’ve executed a range of strategies to expand our positioning in the radio industry. According to Aircheck 15 Markets, in the third quarter, we successfully retained our market share at 19 per cent. Additionally, our comprehensive Omni-channel framework allows us to maximize the extensive reach of our networks, ensuring the delivery of optimal value to our clients.
About the growth in the advertising sector, the real estate industry experienced a notable 17 per cent year-on-year increase in spending. The pharmaceutical industry expanded by 15 per cent, while the auto industry demonstrated an impressive growth of 26 per cent compared to the previous year. On the finance side, the industry experienced a 9 per cent growth. Meanwhile, on the Jewellery front we witnessed a massive growth of 44 per cent and government advertising also saw a good growth of 22 per cent YoY.
In Q3FY24, our digital business witnessed a growth of 27 per cent Y-o-Y. We are aligning ourselves with the ever-changing media landscape, one that is indifferent to specific platforms, with a central focus on digital for content creation, distribution, consumption, and engagement. To ensure a smooth experience across diverse platforms, we are strengthening our capabilities to stand at the forefront of the digital technology revolution. This involves delivering top-tier entertainment that resonates with the evolving preferences and needs of our audience.
Radio City remains a preferred choice for both longstanding and recently acquired clients in the field of radio advertising. For Q3FY24, out of the overall client base utilizing the radio platform, 39 per cent have selected Radio City for their advertising campaigns. Additionally, among the newly acquired clients in the radio domain, 31 per cent have specifically chosen to feature their advertisements on Radio City.
We take pride in deriving 31 per cent of our income from a variety of offerings that includes, proactive proposals, digital initiatives, sponsorships, and special events.
eNews
Swiggy sees record orders during India vs New Zealand T20 final
Chicken biryani tops match-day menu as fans order 7,500 times per minute at peak.
MUMBAI: India’s T20 final didn’t just break stumps, it broke Swiggy’s delivery records, proving cricket fans celebrate victories with plates, not just flags. Swiggy, India’s leading on-demand convenience platform, reported a sharp spike in food orders during the ICC Men’s T20 World Cup final between India and New Zealand. On 8 March 2026, overall orders rose 23.2 per cent year-on-year compared with the same date in 2025, driven by fans turning living rooms into mini stadiums complete with match-day feasts.
Key highlights from the evening:
- Orders during peak match hours (7–10 pm) were 2.1 times higher than pre-match levels.
- The highest order rate hit 7,500 orders per minute at 19:45.
- Chicken biryani reigned supreme as the most-ordered dish, followed by masala dosa, chicken fried rice, garlic breadsticks and paneer butter masala.
While metros such as Bengaluru, Mumbai and Hyderabad led volumes, the cricketing fever spread nationwide. Among emerging cities, Thiruvananthapuram, Surat and Rajkot recorded the strongest order growth. Smaller markets including Shillong, Agartala and Port Blair also showed significant appetite, underlining the expanding footprint of quick-commerce food delivery across India.
The surge reflects a growing trend of pairing major sporting events with doorstep delivery, turning big matches into shared, convenient celebrations. In a night where every boundary mattered, Swiggy proved the real MVP might just be the delivery partner who kept the snacks and the vibes flowing without missing a single wicket.
