DB Corp posts advertising revenue of Rs 330.3 cr for Q4 FY20
The group’s financial report says the operating profit margin expansion for FY20 has been aided by softened newsprint prices
DB Corp Limited (DBCL) has announced its financial results for the quarter and full year ended March 31, 2020.
The group has registered a growth of 0.4% in PAT YOY to Rs 275 crore and EBIDTA stands at Rs 494 crore for Financial Year 2020.
The operating profit margin expansion has been aided by softened newsprint prices at Rs
38,840 PMT in FY2020, down 11% YOY. The other cost efficiency measures are continuing to
yield results. While Circulation Revenue stood at Rs 512.2 crore, advertising revenue stood at Rs 1564 crore.
The total revenue also has been recorded at Rs 2236.3 crore.
For Q4, FY20 PAT came in at Rs 24.1 crore and EBIDTA came in at Rs. 69 crore. While Circulation Revenue stood at Rs 120 crore, Advertising Revenue stood at Rs. 330.3 crore.
The Total Revenue came in at Rs. 489.8 crore.
Commenting on the performance for Q4 and FY 2019-20, Sudhir Agarwal, Managing Director, DB Corp Ltd said: “The Fiscal 2020 was unprecedented in many aspects with the Industry facing headwinds on the back of weak consumer demand followed by the covid-19 pandemic which caused further challenges. The nation-wide lockdown led by the outbreak of covid-19, caused an immediate disruption to businesses, impacting revenues towards the end of Q4FY20 and continuing in Q1FY21. However, Group’s hard work over the years has ensured that our financial and market position remain strong to withstand such challenging times.
While revenue growth in the recent quarters has been muted, our relentless cost optimization drive coupled with soft raw material prices helped in protecting bottom line. Going forward, as we expect opening of the economy over the coming weeks, we remain optimistic of an up-tick in advertising spends by companies looking to woo the consumers back, especially for our key markets which represents the non-metros, semi-urban and rural tierII, tier-III & tier-IV where economic activity is expected to resume sooner.
With respect to our relative market position, we feel proud that our teams have once again demonstrated remarkable perseverance resulting in Dainik Bhaskar Group achieving and maintaining its position of No.1 Newspaper Group (Dailies) in India on readership (AIR) as well as circulation. It is also encouraging to note our recent progress in key markets of Rajasthan, Bihar and Gujarat and our efforts to improve performance will continue unabated.
Our ethos of editorial excellence, product innovation, cost rationalisation and circulation strategy will augur well for the Company and we are confident of returning with strong performances in the coming quarters.”
WhatsApp, Instagram, LinkedIn, Twitter, Facebook & Youtube