DB Corp Limited (DBCL), home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Divya Marathi and Saurashtra Samachar, has announced its financial results for Q3 FY16.
The results indicate that Advertising revenues grew by 2% YOY at Rs 435.6 crore as against Rs. 428.3 crore, last fiscal, while consolidated Advertising revenues stood at Rs. 1121.2 crore as against Rs 1162.3 crore in Q3 FY15.
During the Q3 FY16 fiscal, DBCL achieved EBIDTA Margins of 32.3% at Rs 190.6 crore from Rs 187.6 crore in the corresponding period last fiscal. While the circulation revenue increased YoY 18% to Rs 114.1 crore from Rs. 96.9 crore, primarily due to yield driven growth, largely coming from mature markets while total revenues in Q3 FY16 grew 6% YOY at Rs 589.6 crore, as against Rs 557.4 crore last fiscal.
Radio business ad revenue grew by 26% YoY to Rs 32.3 crore from Rs 25.7 crore in Q3 2015, while Radio business EBIDTA grew by 25% YOY at Rs 14.4 crore (EBIDTA margin 44.4%). Digital Media DB Digital ad revenue in Q3 FY16 grew by 34% to Rs 12.3 crore from Rs 9.2 crore in Q3 FY15.
Commenting on the Q3 FY16 results, Sudhir Agarwal, Managing Director, DB Corp Ltd said, “The success of our yield strategy has begun delivering encouraging results as we make aggressive efforts to gain back volume growth across our legacy and emerging markets which have started responding well. Our focus on stronger operating efficiencies and better expense management has ensured our financial health while softened newsprint costs have also protected our profitability.”