DB Corp has reported a 9.5 per cent growth in total revenues for the financial year ended March 31, 2013 at Rs 16,137 million from Rs 14,755 million last year. Advertising revenues were up 7 per cent YOY at Rs 12,075 million from Rs 11,281 million in the same period last year.
For the fourth quarter of FY2012-13, the total consolidated revenues have expanded by 12 per cent to Rs 4,073 million from Rs 3,642 million in Q4 FY2011-12. This increase is on account of net increase in print business total revenue of Rs 431 million in Q4 FY13 YOY. Print ad revenues were up 13 per cent at Rs 2,779 million from Rs 2,469 million, while circulation revenues grew YOY to Rs 731 million from Rs 620 million, at 18 per cent YOY.
A net increase of Rs 36 million in revenues was seen in the radio segment in Q4 FY13 on YOY basis. Revenues increased from Rs 149 million to Rs 185 million due to improved advertising revenues.
Profit after tax grew by 22 per cent for the fourth quarter at Rs 553 (13.6 per cent margin) as against Rs 454 million in Q4 FY12 (12.5 per cent margin).
Commenting on the performance for Q4 and FY2012-13, Sudhir Agarwal, Managing Director, DB Corp said, “The focus this quarter was on innovation and sharpening our product. We witnessed a healthy growth in our top line and overall profitability led by benefits of our growing internal efficiencies, continuous product innovation and market development.”
Sounding positive on the road ahead, Agarwal said, “The way forward is exciting and we are sure that the government’s focus on the second phase of reforms and speedy execution will provide the much needed boost to the industry. We will continue to strengthen our efforts investing across resources in people, technology, innovation, marketing and infrastructure.”