DB Corp Ltd has reported a net profit of Rs 45 crore in Q4 FY11, up 22.4 per cent from Rs 36.7 crore on a year-on-year basis. The media company has registered a strong performance in advertising revenues, which grew by 30.6 per cent to Rs 249.0 crore from Rs 190.7 crore on a consolidated basis.
Advertising revenue from its radio business grew 41.7 per cent to Rs 13.31 crore in Q4. The radio business achieved EBIDTA margin of 30 per cent at Rs 4.04 crore in the current quarter.
Meanwhile, total revenues for Q4 FY11 grew by 23.4 per cent to Rs 317.4 crore as against Rs 257.2 crore in the corresponding quarter of last fiscal.
Consolidated net profit for FY11 stood at Rs 258.5 crore from Rs 182.8 crore, a growth of 41.4 per cent YoY. Meanwhile, consolidated advertising revenue for the fiscal grew by 24 per cent.
Commenting on the Q4 performance, in a prepared statement, Sudhir Agarwal,
Managing Director, DB Corp Ltd, said, “This quarter, our focus on maintaining the growth momentum continued to take center stage, as we intensified our expansion strategy. We launched Dainik Bhaskar’s Dhanbad edition in April 2011 and have now successfully completed our foray in Jharkhand that had begun with the launch of Ranchi in August 2010 and Jamshedpur in December 2010. We also announced Bhaskar’s foray in Maharashtra – a region we believe that holds strong economic potential and is under-penetrated in terms of readership. We have already made strong progress in the region and are now set to launch the first edition of Dainik
Divya Marathi newspaper on May 29, 2011, from Aurangabad city.”