Top Story

Home >> Media–Print >> Article

DB Corp Ad Revenues dip at Rs. 426 cr in Q3'18 as against Rs. 453 cr same period last fiscal

19-January-2018
Font Size   16
DB Corp Ad Revenues dip at Rs. 426 cr in Q3'18 as against Rs. 453 cr same period 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.”

Tags DB Corp Q3 Iris Home Fragrances

Varun Raina, Marketing Manager, Airbnb India speaks to exchange4media about the successful #LiveThere campaign and how Bollywood helps them connect with its young consumer

Tim Castree is all praises for his team in India and trusts it to be a result of “an excellent execution of agency’s global strategy” headed by Kartik Sharma

Siddharth Dabhade says Criteo’s technology allows brands to engage with shoppers, create relevant experience on retail apps, thereby driving sales and profits

Shantanu Gangane says OTT platform Viu plans around 20+ originals and is all set to enter the Tamil market with a mix of syndicated and original content

right
left
OFF THE CUFF HAS JOURNALIST ARUN SHOURIE IN CONVERSATION WITH SHEKHAR GUPTA IN MUMBAI IAA HOSTS FIRST INDIAA REGIONAL AWARDS (TELUGU) IN HYDERABAD BREAK THE CEILING TOUCH THE SKY 2018 SEES OVERWHELMING INDUSTRY PARTICIPATION 10TH EDITION OF ABC EUREKA AWARDS IN MUMBAI CELEBRATES WORK OF PARTNER AGENCIES EMINENT JURY PICKS LOUDEST’S 100 MOST POWERFUL INDIAN MUSIC BUSINESS LEADERS MODE LOFT BY SABGROUP LAUNCHES SIGNATURE MENSWEAR POWER DRESSING CLOTHING LINE TOP MARKETERS DISCUSS ART AND SCIENCE OF EFFECTIVE LISTENING @PITCH CMO SUMMIT 2018, DELHI THIRD SEASON OF ‘INDIA’S TOP DIGITAL PLANNERS’ RECOGNIZES EXCELLENCE IN THE DIGITAL INDUSTRY WOMEN ECONOMIC FORUM 2018 SEES DISTINGUISHED GLOBAL PERSONALITIES IN ATTENDANCE PEPPER CREATIVE AWARDS 2018 RECOGNIZE THE BEST IN ADVERTISING IN SOUTH INDIA RADIO CITY’S POWER OF RADIO MEET HOSTS TOP ADVERTISING INDUSTRY LEADERS TOP INDUSTRY PERSONALITIES ATTEND ZOOM-MYNTRA EVENING TO CELEBRATE THEIR PARTNERSHIP LEADING MARKETERS, EXPERTS SHARE INSIGHTS ON DIGITAL TRANSFORMATION @ADOBE SYMPOSIUM IN MUMBAI NICKELODEON TRADE PARTY SEES MARKETING INDUSTRY LEADERS AND THEIR FAMILIES IN ATTENDANCE GOLDEN MIKES RADIO ADVERTISING AWARDS 2018 RECOGNIZE INDUSTRY’S MOST DESERVING ACHIEVERS AIMA MANAGING INDIA AWARDS HONOUR THE BEST IN THE INDUSTRY BW BUSINESSWORLD’S GREAT INDIA DEBATE BRINGS TOGETHER INTELLECTUALS ACROSS INDUSTRY SECTORS BW BUSINESSWORLD SMART CITIES CONCLAVE PATNA 2018 SEES EMINENT INDUSTRY LEADERS IN ATTENDANCE EMINENT JURY PICKS WINNERS OF GOLDEN MIKES RADIO ADVERTISING AWARDS MADDYS 2018 SEE TOP ADVERTISING AND MARKETING INDUSTRY LEADERS IN ATTENDANCE

Gaurav Dua, Executive Director, Relaxo Footwears talks to exchange4media about the brand's re-branding, marketing strategy, future plans and much more

The brand through its campaign is helping Indian professionals imbibe the new work-culture while making an effortless style statement at their workplace

In this campaign, the brand MRF tyres intends to communicate their proposition of 'comfort made more comfortable'