DB Corp Q3 FY14 revenues up 19% at Rs 5,254 mn; net up 34% at Rs 945 mn

DB Corp Q3 FY14 revenues up 19% at Rs 5,254 mn; net up 34% at Rs 945 mn

Author | exchange4media News Service | Friday, Jan 17,2014 7:48 AM

DB Corp Q3 FY14 revenues up 19% at Rs 5,254 mn; net up 34% at Rs 945 mn

DB Corp has reported a 19 per cent YOY growth in its total revenues at Rs 5,254 million for the third quarter December 31, 2013 as against Rs 4,429 million in the corresponding quarter of the previous fiscal. Net profit grew 34 per cent YOY at Rs 945 million (PAT margin 18 per cent), as compared to Rs 706 million (PAT margin 15.9 per cent) in Q3 of last fiscal.

Revenues from advertising reported a growth of 18.2 per cent YOY to Rs 4,035 million in Q3 FY14 from Rs 3,412 million in Q3 last fiscal. EBIDTA grew 31 per cent YOY for the quarter at Rs 1,623 million (EBIDTA margin 31 per cent), against
Rs 1,239 million (EBIDTA margin 28 per cent) in Q3 FY13. This factors one-time pre-operative expenses of Rs 44.74 million on the launch of Patna-Bihar edition as well as forex gain of Rs 13.89 million.

There was net increase in the group’s print business, with total revenue at Rs 770 million in Q3 FY14 2014 on YOY basis. This was due to an 18 per cent YOY growth in advertising revenues at Rs 3,751 million in the latest quarter from Rs 3,184 million in Q3 FY13. Circulation revenues grew 14 per cent YOY to Rs 830 million from Rs 729 million. Print business PAT stood at Rs 892 million (18 per cent PAT margin).

Advertising revenues for the group’s radio business have expanded by 25 per cent YOY to Rs 239 million in Q3 FY14 as against Rs 192 million in the corresponding period of the previous fiscal. Radio business PAT stood at Rs 57 million in Q3 FY14, a growth of 21 per cent YOY.

Commenting on the performance for Q3 FY14, Sudhir Agarwal, Managing Director, DB Corp said, “We are pleased with the good start to this year as we report a healthy performance in the third quarter. As we continue to maintain a pragmatic approach towards operational controls and higher efficiency, we have also been closely focusing on studying the marketing strategies of niche brands in Tier II and III cities that have echoed our confidence in the potential of these regions. This quarter we have seen strong focus from brands in the FMCG, apparels, real estate, automobiles and government sectors that have ramped up their respective marketing thrusts in these regions.”

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