DB Corp Limited (DBCL), India’s largest print media company and home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar, has announced its financial results for the quarter and year ended March 31, 2016.
As per the results, the total revenues grew 6.3% Y-O-Y to Rs 5265 million in Q4 against Rs. 4953 million of Q4 of last fiscal. Circulation revenue increased YoY 15.3% to Rs. 1136 million from Rs. 985 million, primarily due to yield driven growth, largely coming from mature markets, while advertising revenue stood at Rs. 3600 million in current period from Rs. 3543 million in Q4 last fiscal.
According to the report, Radio advertising revenues expanded by 11.2% YOY to Rs. 298 million in Q4 FY16 o against Rs. 268 million in Q4 of last fiscal, while Radio business EBIDTA stood at Rs. 115 million (38.5% margin) in Q4 FY 2015-16. The Digital business revenue grew by 33% to Rs. 120 million from Rs. 90 million of corresponding quarter last fiscal.
Total revenues increased by 2.2% to Rs. 2,0800 million, from Rs. 20353 million while circulation revenue grew by impressive 16% YOY to Rs. 4356 million from Rs. 3755 million, largely driven by yield growth of 13% YOY, primarily in legacy markets.
Advertising revenues stood at Rs. 14812 million as against Rs. 15166 million during corresponding period last year.
Commenting on the performance for Q4 & FY 2015-16, Sudhir Agarwal, Managing Director, DB Corp Ltd said, “Our performance this quarter continues to reflect sustained efforts to engage strongly with readers and advertisers. Our strategic areas of focus are at the core of our growth and expansion roadmap and way forward, being led by print, digital and radio segments. The key thrust areas going forward will centre on giving readers a well-rounded experience, our commitment to advertisers and associates, an enthusiastic and energised work environment for all staff and our responsibility towards stakeholders to deliver high shareholder value. We continue to be excited by the development of the radio and digital segments that have great growth capabilities and are on course. On an overall basis, Indian language print media holds tremendous potential and as the largest player in the industry backed by strong competitive advantages, we look forward to leveraging future opportunities.”