Music Broadcast Q2 net profit down 11% to Rs 13 cr

Music Broadcast, a Jagran group firm that runs Radio City FM channel, today reported an 11 percent decline in its net profit at Rs 12.73 crore for the September quarter.

The company had posted a net profit of Rs 14.33 crore during the same period previous fiscal, Music Broadcast said in a regulatory filing.

Total expenses during the period under review stood at Rs 62.10 crore as against Rs 48.93 crore in the year-ago period.

Its shares were listed on BSE and NSE in March this year.

The stock ended 2.09 per cent up at Rs 390 on the BSE.