India’s Next Radio Limited owned 94.3 Radio One has announced its Q1 2015-16 financial results.

Its operating revenue grew from $2.28 million (Rs 145.2 million) in Q1 14-15 to $2.7 million (Rs 172.1 million) in Q1 15-16, a growth of 18.5 percent while the radio industry average has been around 8 percent.

As per Q1 results published by other stations, Fever FM grew by 2.3 percent, MY FM by 3.7 percent, Radio Mirchi by 9.1 percent and Radio City by 10.27 percent.

Radio One’s EBIDTA grew by 51 percent from $670,000 (Rs 42.8 million) in Q1 14-15 to $1.02 million (Rs 64.9 million) in Q1 15-16 due to cost efficiencies of the business, with an industry best EBIDTA Margin of 38 percent.

Profit before tax grew 364 percent from $80,000 (Rs 4.8 million) in Q1 14-15 to $350,000 (Rs 22 millin) in Q1 15-16 – again the highest in the radio industry.

“Our ‘value’ growth has come from existing and new clients offering us better rates for our innovations across our seven ‘differentiated’ cities. In a slow economy clients prefer better targeting that Radio One offers as compared to generic reach offered by others.  Our effort in consistent digital engagement of a well profiled audience has established a new currency with our advertiser,” said Vineet Singh Hukmani, MD & CEO Next Radio Ltd.

Radio One runs differentiated formats in the seven cities where it broadcasts – International in Delhi and Mumbai, Bollywood in Bangalore, Pune and Chennai and Retro Bollywood in Ahmedabad and Kolkata.