DB Corp reports 2.6% ad rev growth for the festive quarter
The net profit for the quarter stood at Rs 48.3 crore against Rs 86.5 crore in Q3 FY2022

DB Corp Limited (DBCL), home to flagship newspapers - Dainik Bhaskar, Divya Bhaskar, Divya Marathi and Saurashtra Samachar, today announced its financial results for the quarter and nine months ended December 31, 2022.
"Dainik Bhaskar Group continues its streak of strong results, with yet another quarter of good financial performance driven by robust revival of demand in the non-metro markets coupled with strong festive demand in the quarter. These results are a testament to the omni-channel approach for delivering well-researched and pertinent news to its readers. The circulation strategy, as well as the strong editorial prowess, have been instrumental in extending leadership of the group in all markets," said the publication in its official statement.
"For the nine months ended December 31, 2022, print advertising revenues posted a healthy growth of around 31% YOY basis. For Q3 FY23, print ad revenues grew by 6.4% QOQ basis and around 4% YOY basis. However, on adjusting for the spread of the festive season, on a like to like basis, ad revenues in Q3 FY23 grew in mid-teens on a YoY basis," said the group.
In the festive quarter, the group's advertising revenue grew by 2.6% YOY and 6.3% QOQ to Rs. 4,052 million as against Rs. 395.1 crore. Consolidated ad revenue grew by 6% QoQ & 3% YOY to Rs. 405 crore. from Rs. 395 crore.
Circulation revenue stood at Rs. 115.7 crore as against Rs. 114.1 crore. Total revenue grew by 4.6% at Rs. 574.5 crore as against Rs. 549.5 crore. EBIDTA stands at Rs. 100.7 crore as against Rs. 145.9 crore considering Forex loss of Rs 2.1 crore, aided by stringent cost control measures, & despite high newsprint prices and large digital business investment for future growth.
The net profit for the quarter stood at Rs 48.3 crore against Rs 86.5 crore, considering a forex loss of Rs 2.4 crore.
Ad revenue from its radio business stood at Rs 36.2 crore versus Rs 37.6 crore. EBITDA stood at Rs 11.8 crore versus Rs 14.7 crore.
The group also commented on the reducing newprint prices: "We are hopeful that this trend will continue in the forthcoming quarter as well. Our cost optimisation measures coupled with our proven circulation strategy and robust growth in advertising revenues have translated into strong operating results. For the 9MFY23, our consolidated EBITDA grew by 6% YoY basis."
Sudhir Agarwal, Managing Director, DB Corp Ltd said: "The Indian Economy continues to be the most resilient on the global stage, and while most major economies are facing recessionary sentiments, the Indian Consumption Story has played out well in the past nine months. The festive season saw a strong revival of growth and this was primarily driven by Tier-II and beyond cities that seem to be the engines driving the growth of the economy. Our strong presence in these markets have ensured that we are key beneficiaries of robust growth in ad revenues coupled with the continued trend of advertisers turning to traditional sectors like Print for their ad spends. To ensure that we stay engaged with our loyal reader base, our teams continue to work on our omnichannel news delivery platform with significant strides being made through our digital initiatives. We continue to focus on financial prudence to strengthen our balance sheet and deliver strong returns to all our stakeholders."
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook & Youtube
Dr Praveer Sinha to be part of enba jury panel
Sinha is the CEO & MD of The Tata Power Company Limited
By exchange4media Staff | Mar 14, 2023 8:18 AM | 2 min read
Dr Praveer Sinha, CEO & MD of The Tata Power Company Limited, India’s largest integrated power company, has joined the exchange4media News Broadcasting Awards (ENBA) jury panel. With a rich experience of nearly 36 years, Dr Sinha has expertise in Power Generation and Distribution sector in India.
Dr Sinha previously served as the CEO & MD of Tata Power Delhi Distribution Limited (TPDDL), a Public Private Partnership with the Delhi Government. He is also the Co-Chairman of the CII National Committee on Power as also on various Industry bodies.
Dr Sinha is a qualified Electrical Engineer and has done Master’s in Business Law from National Law University, Bangalore and has also completed his PhD. from Indian Institute of Technology, Delhi. He is a visiting Research Associate at Massachusetts Institute of Technology (MIT), Boston, USA and is also a distinguished Visiting Scholar at the Faculty of Engineering and Architectural Science, Ryerson University, Canada.
ENBA was formulated by the exchange4media Group in 2008 with the objective of recognizing the best in television news, and to reward industry leaders who are responsible for shaping the future of television broadcasting in India. This year, ENBA is in its 15th edition and the jury will be led by Sunil Arora, a senior bureaucrat and former Election Commissioner of India.
In the last editions, the ENBA jury was led by Harivansh Narayan Singh – Deputy Chairman, Rajya Sabha, Dr Kiran Karnik – Former President – Nasscom, Dr Nasim Zaidi - Former Chief Election Commissioner of India, SY Quraishi – Former Chief Election Commissioner of India, N Ram – Chairman, Kasturi & Sons Ltd., Former Editor–in-chief The Hindu and Group Newspapers, Sanjay Gupta – Managing Director – Star India.
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook & Youtube
Varanium Cloud to acquire shares from Fastway Transmissions
The acquisition will be worth Rs 2,683 crore
By exchange4media Staff | Mar 4, 2023 6:25 PM | 1 min read
Varanium Cloud Ltd. will be acquiring up to 14,53,44,256 equity shares with a face of Rs 10 each from Fastway Transmissions Private Limited. The total purchase consideration will amount to Rs 2,683 crore.
As per the company, the consideration payable shall be discharged by way of consideration in cash, the company's statement said.
The acquisition will be subject to execution of the Share Purchase Agreement and other related definitive documents.
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook & Youtube
Devraj Sanyal elevated to Chairman and CEO of Universal Music India & South Asia
He has also taken on the additional role of SVP, Strategy for Asia Pacific, Middle East and Africa
By exchange4media Staff | Mar 2, 2023 10:11 AM | 1 min read
Devraj Sanyal has been elevated to Chairman and CEO of Universal Music India & South Asia. Prior to this, Sanyal was the MD & CEO of Universal Music India and South Asia, based in Mumbai. He has also taken on the additional role of SVP strategy for The AMEA (Asia Pacific, Middle East and Africa).
He has been associated with Universal Music India since 2011. Prior to that, he was Group CEO of Percept Sports & Entertainment, which includes music, events, television & intellectual properties, branded content & entertainment and talent management divisions. Sanyal also co-founded the prominent Asian electronic music festival, Sunburn, with Percept Ltd.
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook & Youtube
MLA Ashish Shelar on ENBA jury panel
Shelar is currently serving as the Bhartiya Janata Party Mumbai president
By exchange4media Staff | Feb 27, 2023 2:39 PM | 1 min read
Ashish Shelar, Member of the Legislative Assembly of Maharashtra, joins the ENBA jury panel.
Shelar is currently serving as the Bhartiya Janata Party Mumbai president. An active sports administrator, he has held several prestigious positions like Vice President of the Mumbai Cricket Association and Vice President of the Rajasthan Sports Club.
He has been the Mumbai Secretary for the Akhil Bhartiya Vidyarthi Parishad (ABVP).
The ENBA jury this year will be led by Sunil Arora, a senior bureaucrat, and former Election Commissioner of India.
In the last editions, the ENBA jury was led by Sh. Harivansh Narayan Singh – Deputy Chairman, Rajya Sabha, Dr. Kiran Karnik – Former President – Nasscom, Dr. Nasim Zaidi - Former Chief Election Commissioner of India, S.Y. Quraishi – Former Chief Election Commissioner of India, N. Ram – Chairman, Kasturi & Sons Ltd., Former Editor–in-chief The Hindu and Group Newspapers, Sanjay Gupta – Managing Director – Star India.
exchange4media formulated enba in 2008 with the objective of recognizing the best in television news, and to reward industry leaders who are responsible for shaping the future of television broadcasting in India.
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook & Youtube
Internet growth declined in India in FY22: TRAI
The Internet subscriber base in FY22 stood at 824.8 million, compared to 825.3 million as on 31 March 2021, says TRAI report
By exchange4media Staff | Feb 24, 2023 8:42 AM | 2 min read
India boasts of having the world's second-largest mobile phone market with more than a billion users. Yet, internet growth in the country appears to have declined over the past year.
According to the latest TRAI annual report, the internet subscriber base, as on 31st March 2022, stood at 824.8 million, compared to 825.3 million as on 31 March 2021.
This means nearly 0.5 million (5 lakh subscribers) have fallen off the internet between 2021-22, a year which was marked by covid-19 pandemic and lockdown resulting in massive job losses.
The degrowth was recorded in both broadband and narrowband segments. The narrowband decline was gradual throughout FY22. But in the case of broadband, March 22 quarter was particularly bad as the number of internet subscribers fell from 792 million to 788.2 million.
This degrowth is remarkable especially since India is gearing up to welcome 5G.
The overall telecom subscriber base registered a decrease of 34.27 million subscribers in this period; from 1201.20 million in FY21 to 1166.93 million in FY22, the TRAI report says.
The wireless subscriber base, people who access the internet via mobile phone, was 1142.09 million at the end of 31 March, 2022 in comparison to 1180.96 million a year ago, registering a decrease of 38.87 million subscribers during the financial year 2021-22.
Smartphones are the main gateway to go online - and this is where growth is flattening. India Smartphone Market Declined by 10% in 2022 to 144 Million Units, according to the International Data Corporation ’s (IDC) Worldwide Quarterly Mobile Phone Tracker. This is the lowest figure since 2019, with a 10% decline YoY (year-over-year).
The last quarter was particularly bad when shipments declined 27% YoY to 30 million units. Steep rise in the cost of mobile phones due to inflation is being blamed for the dwindling demand.
“The ASP (average selling price) hit a record US$224, rising 18% YoY in 2022. The entry-level segment (sub-US$150) shrank to 46% of the market, down from 54% a year ago. The dearth of new launches in this critical mass segment was a barrier for new smartphone users, thus limiting the overall market’s growth,” Upasana Joshi, Research Manager, Client Devices, IDC India, said in a statement.
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook & Youtube
Shazia Ilmi joins ENBA jury panel
The ENBA jury this year will be led by Sunil Arora, a senior bureaucrat, and former Election Commissioner of India
By exchange4media Staff | Feb 22, 2023 12:52 PM | 1 min read
Shazia Ilmi, former journalist and politician joins the ENBA jury panel.
Ilmi has over 15 years of experience in journalism and documentary filmmaking. As a television journalist, she led the media campaign of an anti-corruption bill. She hosted and produced a famous prime time news show called Desh Videsh on Star News.
Ilmi has been a member of the International Association of Women in Radio and Television. She has been an active politician since 2011. She is currently a spokesperson for the Bharatiya Janata Party.
The enba jury this year will be led by Sunil Arora, a senior bureaucrat, and former Election Commissioner of India.
In the last editions, the ENBA jury was led by Sh. Harivansh Narayan Singh – Deputy Chairman, Rajya Sabha, Dr. Kiran Karnik – Former President – Nasscom, Dr. Nasim Zaidi - Former Chief Election Commissioner of India, S.Y. Quraishi – Former Chief Election Commissioner of India, N. Ram – Chairman, Kasturi & Sons Ltd., Former Editor–in-chief The Hindu and Group Newspapers, Sanjay Gupta – Managing Director – Star India.
exchange4media formulated enba in 2008 with the objective of recognizing the best in television news, and to reward industry leaders who are responsible for shaping the future of television broadcasting in India.
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook & Youtube
Anthony Yesudasan’s last rites to be performed in Delhi today
The last rites will be held at 3pm on 21st Feb. at the Army Cremation Ground, URI Enclave, Barar Square, New Delhi.
By exchange4media Staff | Feb 21, 2023 11:33 AM | 1 min read
The last of Anthony (Tony) Yesudasan, former top executive Reliance Anil Dhirubhai Ambani Group’s who passed away on 20th Feb will be held today 3pm at:- Army Cremation Ground, URI Enclave, Barar Square, New Delhi.
It must be mentioned that Jesudasan was a close aide of Dhirubhai Ambani’s younger son Anil Ambani and was associated with the Reliance group for close to three decades. He has been working closely with Ambani since the conglomerate split in 2006 and the Reliance ADA Group was formed.
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook & Youtube