DB Corp Ad Revenues dip at Rs. 426 cr in Q3'18 as against Rs. 453 cr same period last fiscal
Digital business revenue stands at Rs. 15.4 cr against Rs. 16.2 cr reported during corresponding quarter last fiscal
DB Corp Limited (DBCL), one of India’s largest print media companies and home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar, today announced its financial results for the quarter ended December 31, 2017. The highlights of the Company’s operational and financial performance are as follows:
Performance highlights for 9M FY 2017-18-Consolidated
- Consolidated Advertising Revenues grew by 1.3% YOY to Rs. 1256.5cr as against Rs.1240.6 cr during 9M last year.
- Circulation revenue increased by 6.3% YOY to Rs. 382.5 cr from Rs. 359.7 cr during 9M last year. Around 4% growth has been driven by yield growth largely from mature markets.
- Consolidated Total Revenues grew by 1.4% YOY to Rs. 1777.8 cr, as against Rs. 1752.8 cr during 9M last year.
- EBITDA during 9M FY 2018 stood at Rs. 482.4 cr (margins 27%) vis-a-vis Rs. 541.8 cr (margin 31%).
- Consolidated PAT stands at Rs. 266.9 cr (margin 15%) from Rs. 310.6 cr (margin 18%)
- Digital business revenue stands at Rs. 39.8 cr versus Rs. 42.5 cr during corresponding period.
Performance highlights for Q3 FY 2017-18 - Consolidated
- Advertising Revenues stands at Rs. 426.3 cr in current period against Rs. 453 cr.
- Circulation Revenue grew by 6% YOY to Rs. 131.9 cr from Rs. 124.3 cr, largely driven by volume growth from mature markets.
- Total Revenue stands at Rs. 602.5 cr in current period from Rs. 630.9 cr in Q3 last fiscal.
- EBIDTA stands at Rs. 143.4 cr (margin 24%) for the quarter; against EBITDA of Rs.201.9 cr (margin 32%) Q3 of last year.
- PAT stood at Rs. 78.1 cr (PAT Margin 13%), against Rs. 118.1 cr (PAT Margin 19%), in Q3 of last year.
- Digital business revenue stands at Rs. 15.4 cr against Rs. 16.2 cr reported during corresponding quarter last fiscal.
Commenting on the performance for 9M & Q3 FY 2017-18, Mr. Sudhir Agarwal, Managing Director, DB Corp Ltd said, “The focus in the third quarter of this fiscal continued to be on two key initiatives which we started earlier – the product strengthening campaign and the circulation enhancement journey and I’m happy to report that both have successfully complemented each other to deliver results. The outcome has been a steady growth in our circulation. Press In India Report 2016-17 released by Registrar of Newspapers of India (RNI) has maintained Dainik Bhaskar newspaper to be the largest circulated multi-edition daily. Our focus is towards achieving stronger ad sales and with the team’s unwavering efforts we are confident of reporting stronger performance. Our internal measures adopted to support the editorial and sales team through initiatives like the DB Knowledge App and more impactful leadership-to-unit connect, are strengthening our internal efficiencies, our agility in decision making and quick turnaround. Through several key new leadership responsibilities, we have also ensured that the
best talent resources are available for business growth as well as building internal leadership strengths. DBCL’s mission is also to engender socio-economic change across India. Aligned to this, on the 73rd birth anniversary of our Chairman Late. Shri Ramesh Chandra Agarwal, which we will commemorate as Prerna Diwas, this quarter, we initiated the establishment of the Ramesh & Sharda Agarwal Foundation. This will contribute to some core areas of socio-economic welfare including education of girl child, adoption of old age homes, mentoring talented small scale businesses and building a convention center of international standards in Bhopal. At a broader level, several core efforts have already been implemented by the government and signs of market revival are visible. The optimism demonstrated by the World Bank advising on India’s ability to achieve higher economic growth of 7.3% in 2018, also signals a stronger year ahead.”
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