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DB Corp revenue up 6% at Rs. 5896 million in Q3 FY16

PAT margin stands 18.1%, at Rs. 1068 million against Rs. 1051 million for the quarter ending December 31, 2015

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DB Corp revenue up 6% at Rs. 5896 million in Q3 FY16

PAT margin stands 18.1%, at Rs. 1068 million against Rs. 1051 million for the quarter ending December 31, 2015

BestMediaInfo Bureau | Mumbai | January 25, 2016

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DB Corp recently announced their financial results for the quarter and nine months ended December 31, 2015.

Consolidated Q3 FY 2015-16 Highlights:

Total Revenues grew 6% YOY at Rs. 5896 million, as against Rs. 5,574 million.

Circulation Revenue has increased YoY 18% to Rs. 1141 million from Rs. 969 million, primarily due to yield driven growth, largely coming from mature markets.

Advertising Revenues grew by 2% YOY at Rs. 4356 million as against Rs. 4283 million, in Q3 last fiscal.

Excluding onetime election related revenue in quarter 3 last year of state of Haryana, Maharashtra and Jharkhand, our total revenue would have grown by around double digit & advt. growth would have been in high single digit growth.

DBCL achieved EBIDTA Margins of 32.3% at Rs. 1906 million from Rs. 1876 million of last year, after factoring forex loss of 2.62 million and Bihar launch related preoperative expenditure of Rs.3.3 million

PAT margin stands 18.1%, at Rs. 1068 million against Rs. 1051 million, after factoring forex loss of 9.1 million and Bihar launch related preoperative expenditure of Rs. 3.3million

Radio business ad revenue grew by 26% YoY to Rs. 323 million from Rs. 257 million in Q3 of last fiscal

Radio business EBIDTA grew by 25% YOY at Rs. 144 million (EBIDTA margin 44.4%)

Radio business PAT grew by 26% YOY at Rs. 78 million (PAT margin 24.2%)

Digital Media DB Digital ad revenue grew by 34% to Rs. 123 million from Rs. 92 million of last year.

Highlights of Nine Months (9M) YTD FY 2015-16:

Consolidated Total Revenues stands at Rs. 15535 million, as against Rs. 15400 million

Consolidated Advertising Revenues stands at Rs. 11212 million as against Rs. 11623 million during 9M last year

DBCL achieved consolidated EBITDA margins of 28% in 9M FY 2016 at Rs. 4363 million after considering forex loss of Rs. 28.1 million and Bihar launch related preoperative exp. of Rs. 54.6 million

Consolidated PAT margin is 15% at Rs. 2324 million, after considering forex loss of Rs. 56.6 million and Bihar launch related preoperative exp. of Rs. 54.6 million.

Commenting on the performance for 9 months & Q3 FY 2015-16, Sudhir Agarwal, Managing Director, DB Corp Ltd, said, “The success of our yield strategy has begun delivering encouraging results as we make aggressive efforts to gain back volume growth across our legacy and emerging markets which have started responding well. We have taken every step to maintain our leadership position and we continue to be the largest circulated newspaper since last 3 years while we are the 4th largest circulated newspaper in the world – a great honour and responsibility for us. Our focus on stronger operating efficiencies and better expense management has ensured our financial health while softened newsprint costs have also protected our profitability.”

He concluded, “Our non-print businesses are well on course as our digital business continues to gather momentum and our radio business strategy maintains commendable progress as we prepare to commence operations of the newly acquired stations over 4 to 6 months. The government is in the midst of introducing structural reforms with a long term vision and we believe that present green shoots will translate into a positive pick up for a better economic environment.”

Info@BestMediaInfo.com

Info@BestMediaInfo.com

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