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Reliance Broadcast Network Limited (RBNL), the media entity of Reliance Anil Dhirubhai Ambani Group (RDAG) which operates the FM radio vertical, has recorded highest quarter revenues for the first quarter ended June 30, 2010.

For Q1 FY10-11 RBNL has reported revenues of Rs 52.16 crore. RBNL has recently passed through a transformation period, converting from radio broadcasting company Reliance Media World to a multi-media entity.  The strong growth in the revenues has been achieved on the back of performance of radio and out-of-home business of the RBNL.

RBNL continuing with its growth streak has reported EBITDA positive quarter consecutively for the third time.

The revenues from the radio broadcasting operations, carried under the brand name 92.7 BIG FM, have showed 7.4% growth as against the performance in Q4 of FY09-10. Also, the radio FM network maintained 21% market share in the country. Besides, the radio inventory utilisation stood at 64%.

The OOH business of the Company, BIG Street, acquired significant inventories on a long term PPP basis during the quarter. Some of the projects grabbed include setting up of Digital Pods across Delhi Metro Rail Corporation’s (DMRC) underground stations, Line III of DMRC, street furniture makeover with MCD on CPWD roads and bus network of Chandigarh Transport Undertaking.

Other verticals operating under RBNL, BIG Live and BIG Digital, have also expanded and begun with new initiatives respectively.

Commenting on the performance, Tarun Katial, CEO RBNL, said, “We have continued to remain EBITDA positive for the quarter which is very encouraging. With a clear business mandate to seek long term, low risk and quick payback inventory in the out of home business, we have made significant strides in the properties that we have acquired, which promise to add to the revenues of the business and bottom-line.”

“Phase III, expected to happen shortly will take the business penetration deeper into the country, working as an impetus for parallel growth of all business verticals and contributing significantly to the return on investment for stakeholders,” he added.