DB Corp Q2 net up 21 pc at Rs 486 mn
“This quarter focussed on consolidating our position in core markets & strong cost rationalisation measures,” says Sudhir Agarwal, MD, DB Corp
DB Corp has seen a 7.4 per cent increase in consolidated total revenues to Rs 7,553 million in the half year ended September 30, 2012. Consolidated Advertising Revenues grew by two per cent to Rs 5,688 million as against Rs 5,592 million in the corresponding quarter of the last fiscal. Consolidated H1 FY13 PAT margin stands at 12.2 per cent on a year-on-year basis at Rs 923 million.
DB Corp has reported a 21 per cent growth in profit after tax for Q2 FY13 at Rs 486 million, as against Rs 403 million in Q2 FY12.
For Q2 FY13, total revenues have grown by 7.8 per cent YOY to Rs 3,784 million from Rs 3,509 million of Q2 FY12 on account of net increase in print business, which shows total revenue of Rs 210 million in Q2 FY13 on YOY basis.
Advertising revenues have increased to Rs 2,636 million from Rs 2,610 million, reflecting a growth of one per cent on YOY basis, while circulation revenues have grown 16.2 per cent YOY to Rs 698 million from Rs 601 million. Print business profit after tax stands at Rs 485 million, with a PAT margin of 13.4 per cent.
Meanwhile, the radio segment has seen a net increase of Rs 25.8 million in revenues in Q2. Advertising revenues have increased from Rs 127 million to Rs 152.8 million in Q2, a growth of growth of 20.3 per cent. Radio business improves PAT, QOQ to Rs 19.1 million in the latest quarter.
The Group’s digital business has reported getting 10 million unique visitors per month, and page views collectively at 250 million per month. With divyabhaskar website now reaching a majority of the non-resident Gujarati population in the US, the ad revenue has improved significantly YOY.
Commenting on the company’s financial performance, Sudhir Agarwal, Managing Director, DB Corp said, “This quarter we continued to focus on consolidating our position in core markets, while our strong cost rationalisation measures have helped us at EBITDA level. In an overall challenging environment, we maintained our leadership rank and concentrated on building a better content-oriented product while also developing our radio and digital businesses.”
As is known, DB Corp is home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar.
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