The Dainik Bhaskar Corporation has announced its financial results for FY’14-15 as well as Q4 FY’14-15.
For the consolidated FY’14-15, total revenues have increased by 8 per cent to Rs 20,353 million from Rs 18,836 million while advertising revenue grew by 7 per cent to Rs 15,166 million against Rs 14,178 million.
Ad revenue from its radio business, which runs under the brand name MY FM, grew by 21 per cent to Rs 960 million from Rs 801 million. Ad revenue on digital media grew by 88 per cent to Rs 304 million from Rs 163 million last year.
In Q4’14-15, the total revenues showed a growth of 7 per cent YoY to Rs 4,953 million as against Rs 4,622 million in Q4 of last fiscal. Advertising revenue reported a 4 per cent YoY growth to reach Rs 3,543 million from Rs 3,400 million in Q4 of last fiscal.
Advertising revenues from MY FM grew by 25 per cent in the last quarter to Rs 268 million against Rs 215 million in Q4 of last fiscal. EBITDA for radio business stands at Rs 120 million (approx 45 per cent margin) with YoY growth of 22 per cent.
Digital business revenue grew by 108 per cent to Rs 90 million from Rs 43 million last year.
The group said that it has a readership of 19.8 million readers across India.