In Q2 FY18, DB Corp ad revenues grew 6% YoY at Rs 396.6 cr as against Rs 374 cr in Q2 FY17
Consolidated total revenues grew by 6% YOY at Rs. 574.1 cr, as against Rs. 543.2 cr during Q2 FY17
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 unaudited financial results for the quarter ended September 30, 2017.
Consolidated Advertising Revenues grew by 6% YOY at Rs. 396.6 crore as against Rs. 374 crore during Q2 last year and circulation revenue grew by 8% YOY at Rs. 127.3 crore from Rs. 117.9 crore during Q2 last year.
Consolidated Total Revenues grew by 6% YOY at Rs. 574.1 cr, as against Rs. 543.2 cr during Q2 FY17.
DBCL EBITDA stands at Rs. 145.6 cr (margins 25%) from Rs. 154.7 cr (margin 28%. Consolidated PAT stands at Rs. 78.7 cr (margin 14%) from Rs. 88.5 cr (margin 16%),
Radio business grew by 17% YOY to Rs. 34.9 cr from Rs. 29.9 cr last year. Radio business EBIDTA stands at Rs. 9.2 cr (margin 26.5%) from Rs. 15.2 cr (margin 51%) while Radio Business PAT stands at Rs. 4 cr (11% margin)
Commenting on the performance for Q2 FY 2017-18, Sudhir Agarwal, Managing Director, DB Corp Ltd, said, “We are happy to report another quarter of noteworthy progress and implementation of several growth-oriented initiatives. We moved ahead with the second phase of our product strengthening campaign focusing on the Knowledge Theme and now dedicate a full page of the most interesting utility based facts that can enhance our readers’ daily lives. Supplementing our product campaign, we have adopted a circulation expansion strategy across all territories aimed at expanding reach, which is progressing well and has translated into good growth. The team has been putting best efforts and already achieved significant success of the targeted expansion, evident in the performance numbers. Our cost control initiatives implemented in the earlier quarters continue to deliver as in spite of the circulation expansion initiative we have successfully guarded the company’s profitability. Internally also, we have taken up several new efforts to strengthen and encourage more impactful communication across states / business units to review the business and make quicker decisions. All our growth-led efforts undertaken during the quarter are reflective of our determination to further fortify our leadership position and build a futuristic, agile and competitive organisation. It demonstrates our confidence on the untapped industry potential and the role Dainik Bhaskar Group can play across India to bring about great socio-economic transformations. At a broader level, India’s GDP is gradually on an uptrend as the GST impact seems to be stabilizing slowly. With several progressive steps underway, we expect economy to improve and look forward to better growth.”
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