RBNL posts highest-ever quarterly net profit

Anil Ambani-led Reliance Broadcast Network, has recorded its highest-ever quarterly profit in Q2 FY 11 at Rs 58.4 crore, up 12% from the year-ago period.

Anil Ambani-led Reliance Broadcast Network (RBNL), has recorded its highest-ever quarterly profit in Q2 FY 11 at Rs 58.4 crore, up 12% from the year-ago period.

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Its EBITDA vaulted 288% from Q1 to R1.9 crore, a press release issued here said.

"Q2 has been good for us — we have posted our highest-ever quarterly revenue," RBNL’s CEO Tarun Katial, told PTI here.
Highlighting the fact that its experiential marketing vertical —BIG Live — has turned EBITDA positive, Katial said that this only reinforced the company’s strategy to unlock value through the creation of IP properties supported by its multi media play.