DB Corp Rides High On Increased Ad Revenue

Net profit up 25%; consolidated PAT up 25.1% in Q2 FY 10-11.

BestMediaInfo Bureau | Delhi | October 26, 2010

DB Corporation Ltd has posted consolidated financial results of the Company for the quarter ended September 30, 2010.

Consolidated PAT has grown to Rs. 55.1 crore from Rs. 44 crore, up 25.1% in Q2 YOY, PAT margin has expanded to 18.3% in Q2 FY 10-11, compared with 16.8% in FY 09-10

The company has reported an EBIDTA margin of 31.6% in Q2 FY10-11 on consolidated basis of Rs. 95.1 crore, against Rs. 83.8 crore and EBIDTA margin of 31.9% in the corresponding period of last year.

Consolidated EBIDTA grew by over 13.6% in Q2 YOY.

Consolidated Advertising Revenues grew by 17.8 % to Rs. 235.9 crore from Rs. 2003 million. This is significant, considering that in the last fiscal, quarter 2 comprised festivities
that will now be included in quarter 3 in the current fiscal.

Consolidated Total Revenues grew by 14.8% to Rs.301 crore from Rs. 262.2 crore.

On stand-alone basis EBIDTA margin stands at 33.3%. The same factors our pre marketing and survey related expenses of around Rs. 6 crore for Jharkhand and Jammu which have been booked in the revenue account, instead of capitalizing or deferring the outlay for future quarters, considering the long term impact of these expenditures

DB Corp Ltd. continues to maintain leadership position as the largest print media group amongst national dailies, with 1.72 crore readers across India's fastest growing markets

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