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.business Updated: Oct 31, 2010 21:54 IST
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.
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.