Reliance Media World Limited reports revenue of Rs. 49.36 Crore

Reliance Media World Limited (RMWL) has announced its results for the quarter three that ended December 31, 2009. RMWL reported total income of Rs. 49.36 Crores for the quarter ending December 31, 2009. The Company's operations turned EBITDA positive during the quarter and EBITDA for the quarter stood at Rs. 2.79 Crores. This was credited to increase in revenues, controlled costs and expanded Client base. EBITDA margins stood at 5.6percent. Company reported a loss of Rs. 12.65 Crores at net level, attributed to debt service cost and depreciation/amortization. One of the key performances of the group in Q3 is 25percent growth in market share.

Commenting on the performance, Mr. Tarun Katial, Chief Executive Officer, RMWL said, "This quarter saw RMWL turn EBITDA positive, which is commendable and very encouraging and we attribute this to our controlled costs coupled with increase in revenues. With the turnaround in economy, we are seeing positive traction in the radio business. Our exclusive "solutions offerings' coupled with excellent Client service ensures repeat Clients which has contributed excellently to the business."

Reliance Media World Limited (RMWL) is part of the Reliance ADA Group, which runs India's No. 1 FM Network ' BIG 92.7 FM along with its allied businesses, BIG Street, BIG Reach, BIG Events, BIG Live, BIG Digital and BIG Rural.