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Music Broadcast Says Will Get A Clear Growth Trend Only After November

Music Broadcast expects a double-digit growth in the coming quarter, despite challenges in the industry.

An attendee uses headphones during a launch event. (Photographer: SeongJoon Cho/Bloomberg)
An attendee uses headphones during a launch event. (Photographer: SeongJoon Cho/Bloomberg)

Music Broadcast Ltd, reported weak earnings in the July -September quarter, with the bottom line down by 11 percent to Rs 12.73 crore.

With new stations expanding in the industry, the company has managed to maintain double digit growth for the second quarter and expects legacy markets to continue performing on the back of price increases, Apurva Purohit, Director, Music Broadcast Ltd. told BloombergQuint in an interview.