DB Corp posts robust revenue in Q3

22 Jan,2013

By A Correspondent

 

DB Corp Limited (DBCL), print media company and home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar, has announced its financial results for the third quarter and nine months ended December 31, 2012.

 

  • Consolidated Advertising Revenues grew by 5.2 percent to Rs. 9,100 million from Rs. 8,651 million in the period under review
  • DBCL achieved Consolidated EBIDTA Margins of 24.4 percent in 9M FY2013 at Rs. 2,943 million, as against Rs. 2,768 million in the last fiscal, demonstrating a growth of 6.3 percent
  • Consolidated PAT has expanded to Rs. 1,629 million (13.5 percent margin) , from Rs. 1,567 million (14.1 percent), up by 4 percent on a YOY basis

 

In the radio business, it has been reported that advertising revenues have shown a robust growth of 22% to Rs. 191 million in Q3 of current period, against Rs. 157 million in Q3 of last fiscal. The EBIDTA stands at Rs. 73 million (38.3 percent margin), 68 percent YOY Growth. The PAT stood at Rs. 47 million (24.5 percent margin) in Q3 FY 2013, with 113 percent YOY growth.

 

DB Corp’s digital business continued to register impressive growth with ad revenue touching almost 100% growth in Q3 YOY, on the strength of continuous impressive high volumes of unique visitors (UV) and page views per month while revenues from advertising reported a growth of 12 percent YOY to Rs. 3,412 million in current period from Rs. 3,059 million in Q3 of previous year.

 

Commenting on the company’s financial performance, Sudhir Agarwal, Managing Director, DB Corp Ltd, said, “We are pleased to have once again delivered a satisfactory performance this quarter driven by several key factors. Following the past few quarters of sluggish economic growth and subdued sentiments, I believe this quarter heralds better tidings on the back of an improved economic environment that has also spurred the momentum of media ad spend over the last few months – a trend that may continue. We continue to strengthen our internal capacities and resources and remain optimistic about our progress in every region. Our efforts in consolidating pan-India readership growth especially in the recently launched areas of Jharkhand and Maharashtra that are emerging strongly, and persistent cost rationalisation – is reflected in this quarter’s performance. We are greatly encouraged by the positive feedback and the strong renewal of subscriptions of copies in Jalgaon. We are expending considerable time to conduct more focused consumer feedback, bringing in more innovation in content and further localizing it, connecting with the consumer in our emerging centres, to create differentiated products.

 

“On an overall basis, the economic environment – on the back of positive measures such as policy changes, mega project clearances, a continuation of reform momentum and anticipated interest rate reduction, is poised to reflect healthier growth. We will continue in our endeavours to utilise our competitive strengths most productively, to strengthen our infrastructure, monetize our centres and thereby translate this growth to deliver greater value to all stakeholders,” he said.

 

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