Top Story

Home >> Media–Print >> Article

DB Corp Q3 results: 24 pc revenue growth in comparison to last year

25-January-2011
Font Size   16
DB Corp Q3 results: 24 pc revenue growth in comparison to last year

DB Corp Limited (DBCL), home to flagship news papers Dainik Bhaskar, Divya Bhaskar and Saurashtra Samachar, today announced its financial results for the third quarter which month ended December 31, 2010. The highlights of the company’s operational and financial performance are as follows -

• Consolidated advertising revenues have increased by 29.2 per cent to Rs 2810 million from Rs 2176 million

• Total revenues have grown by 24 per cent to Rs 3482 million in current quarter against Rs 2814 million in Q3 of last year

• Consolidated PAT has grown to Rs 660 million from Rs 505 million, up 31 per cent on year of year basis, PAT margin has expanded to 19 per cent compared with 17.9 per cent in the Q3 of last year

• Overall EBIDTA margins have grown by 20 per cent to Rs 1148 million (33 per cent margin) in the current quarter against Rs 959 million (34 per cent margin) of previous fiscal Q3

• On stand-alone basis, print EBIDTA margin stands at 34 per cent

• Radio business : Advertising revenue has grown by 37 per cent to Rs 129 million in Q3 of current year against Rs 94 million in Q3 of last year

• Radio business has achieved EBIDTA of Rs 33 million per cent (25 per cent margin) in current quarter

• EPS stands at Rs 3.63 for the Q3 and Rs 10.50 for YTD December 2010

Commenting on the performance for Q3 FY 2011, Sudhir Agarwal, MD, DB Corp Limited, said, “On an overall basis, this quarter continued our momentum of consolidating our presence in existing territories and expansion in new regions. This has translated into a strong financial and operating performance. Bhaskar strengthened its position in Jharkhand – a high-growth market for DBCL, with the launch of the Jamshedpur and Ranchi editions that are significant to our India expansion strategy. Our execution abilities and meticulous planning in launching new editions were once again well exhibited, as acknowledged through IMRB’s readership survey. We have continued to strengthen our position in other key regions and we are now present in 13 states through 52 editions and 135 sub-editions.”

He further added, “This month of January we completed a year since we transformed into a listed entity in January 2010. It has been an extremely exciting period of expanding our horizons, demonstrating our leadership strengths and pursuing aggressive growth. Our high optimism in the potential of the regional print media sector supported by a buoyant domestic economic scenario along with our ability to leverage our competitive advantages will continue to drive us to report stronger performance going forward, as we remain committed to deliver sustained value for all our shareholders.”
 

Tags

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

Country Marketing Manager, IKEA India, Smedberg to speak on how IKEA communicates to the new-age customers through digital communication

This is a significant pronouncement for the Cable TV broadcasting and distribution sector as it paves the way for augmenting and strengthening consumer choice and also creating a level playing field f...

The announcement was made by the third judge of the Madras High Court, with an order expected later this evening.