Q1 FY20: DB Corp records total revenue of Rs 611.2 crore

The ad revenue stands at Rs 442 crore, as against Rs 454.9 crore in Q1 last fiscal

by exchange4media Staff
Published - Jul 18, 2019 2:17 PM Updated: Jul 18, 2019 2:17 PM
DBCorp

DB Corp Limited (DBCL) has announced its financial results for the quarter ended June 30, 2019. The company has recorded a total revenue of Rs 611.2 crore in the current period. The figure stood at Rs 639.2 crore in Q1 last fiscal.

The advertising revenues stood at Rs 442 crore, as against Rs 454.9 crore in Q1 last fiscal and circulation revenue stands at Rs 131.4 crore, as against Rs 134.5 crore in the corresponding period last fiscal. EBIDTA stands at Rs 179.6 crore, against EBIDTA of Rs 174.9 crore. PAT stands at Rs 93.7 crore, against Rs 97.6 crore in Q1 last fiscal.

The radio business revenue of the network grew by 19% YOY to Rs 37.7 crore against Rs 31.7 crore in Q1 2019. Radio business PAT grew by 98% YOY to Rs 5.2 crore from Rs 2.6 crore in Q1 2019.

Listing some of the key developments and initiatives, the company in a statement said “Dainik Bhaskar’s well-implemented circulation expansion strategy has delivered strong results on account of increased market share. As per recent IRS survey, all Hindi Newspapers adds 93.27 lakh new readers; Dainik Bhaskar adds 63.55 lakh new readers; a growth of 13.71% majorly in legacy markets of Madhya Pradesh-Chhattisgarh, Rajasthan, Haryana, Punjab, Gujarat and in the newer market of Bihar.”

Commenting on the results, Sudhir Agarwal, Managing Director, DB Corp Ltd said, “The Company enjoys a dominant position in all its major markets of presence. To further strengthen our dominance, we continued with our efforts towards editorial and circulation expansion initiatives through this quarter as well. Despite the challenging macro environment, we are confident of our current strategies to deliver enterprise growth and building profitability aided by overall cost control and moderation in newsprint prices going ahead.”

“Our business strategy is focused on product strengthening, along with a series of strategic initiatives to orient the editorial team in this direction and complement our circulation expansion initiatives. Our efforts have delivered strong results and are reflected in the latest published readership and circulation number, by MRUC and ABC respectively. The latest circulation drive ‘Life Badal jayegi, Boss’ featuring superstar Salman Khan is a continuation towards strengthening reader engagement, thus giving a push to our circulation efforts,” Agarwal added.

“Our Non-print businesses continue to progress well, building great value for our readers and advertisers. We continue to build our synergies and leverage the competitive strengths across each business segment. With the formation of a stable and decisive government in Centre, the semi-urban and rural consumption and demand cycle is expected to stabilize. As the government continues with its efforts and initiatives to boost economic growth, with our execution excellence, we are confident to deliver the desired levels of growth,” he said further.

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