Top Story

e4m_logo.png

Home >> Media – Print >> Article

DB Corp Q3 FY16 total revenues up 6% at Rs 589.6 crore

23-January-2016
Font Size   16
Share
DB Corp Q3 FY16 total revenues up 6% at Rs 589.6 crore

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.”

Vinik Karnik, Business Head - ESP Properties, talked about what went into conceptualising the first edition of the entertainment marketing report, Showbiz

Rahul Jhamb, Brand Head, Forever 21, on how the fast fashion brand always stays on the pulse of latest marketing trends

Heavy spends on OOH and print sum up this year’s ad spends of YLG Salon

Baba Ramdev brought his sharp wits for an interview with e4m where he promised to disrupt more markets and spoke about he the way he created a brand through consistent and selfless work

Heavy spends on OOH and print sum up this year’s ad spends of YLG Salon

Thomas, Chief Marketing Officer, Diageo India, gives us a peek into the marketing strategy for McDowell’s No 1 Soda, its creation of ‘No 1 Yaari Jam,’ their own set of 4Ps and importance of content

Prior to joining Madison PR in 2012 Chaudhary was Group President Corporate Communications at Reliance Industries Limited.