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DB Corp Q2 net rises to Rs 403 mn; revenues up 18 pc YOY

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DB Corp Q2 net rises to Rs 403 mn; revenues up 18 pc YOY

DB Corp Ltd (DBCL), home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Saurashtra Samachar and Dainik Divya Marathi, has reported a consolidated net profit of Rs 403 million for Q2 FY12, with the PAT margin of 11.4 per cent.

The group’s total consolidated revenues have expanded by 18 per cent YOY to Rs 3,539 million from Rs 3,010 million, while consolidated advertising revenues have grown by 16 per cent YOY to Rs 2,735 million in the current period from Rs 2,359 million in Q2 FY11.

Meanwhile, the group’s radio business has earned advertising revenues of Rs 127 million in Q2 FY12, up 26 per cent from Rs 101 million in Q2 last year. The radio business has achieved EBIDTA of Rs 11.4 million (9 per cent margin) in the current quarter.

Commenting on the performance for Q2 & H1 FY2, Sudhir Agarwal, Managing Director, DB
Corp Ltd, said, “Our expansion in mature markets continued on course, where we maintained our leadership rank. Over the last five months, we stretched our capabilities as we launched four editions in Maharashtra and made strong in-roads in this region, which we believe holds high potential. Our performance in the newly launched markets of Maharashtra, especially in Aurangabad, was very encouraging as within a short span of five months of launch, we were declared No. 1 newspaper of Aurangabad city by IMRB, taking a sizeable lead over established peers. Over the last four months we also launched editions in Nashik, Jalgaon, Ahmednagar, that are ramping up steadily. Therefore, this quarter, our growth was led by a combination of innovations, market development and a relentless focus on execution.”

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