DB Corp Q3 results: 24 pc revenue growth in comparison to last year

DB Corp Q3 results: 24 pc revenue growth in comparison to last year

Author | exchange4media News Service | Tuesday, Jan 25,2011 7:34 AM

DB Corp Q3 results: 24 pc revenue growth in comparison to last year

DB Corp Limited (DBCL), home to flagship news papers Dainik Bhaskar, Divya Bhaskar and Saurashtra Samachar, today announced its financial results for the third quarter which month ended December 31, 2010. The highlights of the company’s operational and financial performance are as follows -

• Consolidated advertising revenues have increased by 29.2 per cent to Rs 2810 million from Rs 2176 million

• Total revenues have grown by 24 per cent to Rs 3482 million in current quarter against Rs 2814 million in Q3 of last year

• Consolidated PAT has grown to Rs 660 million from Rs 505 million, up 31 per cent on year of year basis, PAT margin has expanded to 19 per cent compared with 17.9 per cent in the Q3 of last year

• Overall EBIDTA margins have grown by 20 per cent to Rs 1148 million (33 per cent margin) in the current quarter against Rs 959 million (34 per cent margin) of previous fiscal Q3

• On stand-alone basis, print EBIDTA margin stands at 34 per cent

• Radio business : Advertising revenue has grown by 37 per cent to Rs 129 million in Q3 of current year against Rs 94 million in Q3 of last year

• Radio business has achieved EBIDTA of Rs 33 million per cent (25 per cent margin) in current quarter

• EPS stands at Rs 3.63 for the Q3 and Rs 10.50 for YTD December 2010

Commenting on the performance for Q3 FY 2011, Sudhir Agarwal, MD, DB Corp Limited, said, “On an overall basis, this quarter continued our momentum of consolidating our presence in existing territories and expansion in new regions. This has translated into a strong financial and operating performance. Bhaskar strengthened its position in Jharkhand – a high-growth market for DBCL, with the launch of the Jamshedpur and Ranchi editions that are significant to our India expansion strategy. Our execution abilities and meticulous planning in launching new editions were once again well exhibited, as acknowledged through IMRB’s readership survey. We have continued to strengthen our position in other key regions and we are now present in 13 states through 52 editions and 135 sub-editions.”

He further added, “This month of January we completed a year since we transformed into a listed entity in January 2010. It has been an extremely exciting period of expanding our horizons, demonstrating our leadership strengths and pursuing aggressive growth. Our high optimism in the potential of the regional print media sector supported by a buoyant domestic economic scenario along with our ability to leverage our competitive advantages will continue to drive us to report stronger performance going forward, as we remain committed to deliver sustained value for all our shareholders.”

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