Reliance Broadcast eyes profitability by June qtr

Reliance Broadcast Network Ltd expects to turn net profitable as it seeks other businesses to add power to its radio muscle by June, its top executive said late on Tuesday.

Reliance Broadcast Network Ltd expects to turn net profitable as it seeks other businesses to add power to its radio muscle by June, its top executive said late on Tuesday.

HT Image

The company, earlier known as Reliance Media World, has been in the red ever since it listed on the bourses in December 2009. However, Big FM, its radio business, which contributed 69% to its December-quarter revenue, turned operationally profitable in the quarter with a revenue jump of 25%.

"I think radio will probably go down to 50% and television will play a larger role and out-of-home will also become significant over the next one year or so," Chief Executive Tarun Katial said in an interview late on Tuesday.