Advertisment

DB Corp FY2014-15 revenues up 8% at Rs 2035.3 cr; profit grows 9%

The group's radio business registered a 21 per cent growth in ad revenues at Rs 96 crore in FY2014-15, while digital media ad revenues grew by 88 per cent to Rs 30.4 crore

author-image
BestMediaInfo Bureau
New Update
DB Corp's 'The Great Indian Wedding' to capture potential of season

DB Corp FY2014-15 revenues up 8% at Rs 2035.3 cr; profit grows 9%

The group's radio business registered a 21 per cent growth in ad revenues at Rs 96 crore in FY2014-15, while digital media ad revenues grew by 88 per cent to Rs 30.4 crore

BestMediaInfo Bureau | Delhi | May 15, 2015

db-corpDB Corp Limited (DBCL), home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar, has announced its financial results for the quarter and year ended March 31, 2015.

The group has reported 8 per cent growth in its total revenues for FY2014-15 to Rs 2035.3 crore, from Rs 1883.6 crore. Advertising revenues grew by 7 per cent to Rs 1516.6 crore in FY2014-15, as against Rs 1417.8 crore in the previous fiscal.

Profit after tax (PAT) grew by 9 per cent Y-O-Y to Rs 316.3 crore (PAT margin 16 per cent), from Rs 291.7 crore (PAT margin 16 per cent, excluding one-time tax gain of Rs 14.9 crore, on account of digital media business demerger)and after considering incremental depreciation of Rs 22.8 crore, as per the new Company Act.

DB Corp achieved EBIDTA margins of 29 per cent at Rs 587.9 crore in FY2014-15 from Rs 524.1 crore (EBIDTA margin 28 per cent) of last year, recording Y-O-Y growth of 12.2 per cent.

The group's radio business registered a 21 per cent growth in ad revenues at Rs 96 crore from Rs 80.1 crore in the previous fiscal. Digital media ad revenues grew by 88 per cent to Rs 30.4 crore from Rs 16.3 crore of last year.

For the fourth quarter, DB Corp's total revenues showed a growth of 7 per cent Y-O-Y to Rs 495.3 crore as against Rs 462.2 crore of Q4 of FY2013-14.

Revenues from advertising reported a growth of 4 per cent Y-O-Y in Q4 FY2014-15 to Rs 354.3 crore from Rs 340 crore in the corresponding period last fiscal.

EBIDTA margin for the quarter was reported at 26 per cent at Rs 129.2 crore, against a margin of 24 per cent and EBIDTA of Rs 112.7 crore, Y-O-Y growth of 15 per cent.

PAT grew by 5 per cent to Rs 64 crore (PAT margin 13 per cent) against Rs 61 crore (PAT margin 13 per cent), (excluding one-time tax impact of Rs 14.9 crore, due to demerger of digital media business and after consideration of incremental depreciation of Rs 5.6 crore.

Advertising revenues of the group's radio business expanded by 25 per cent to Rs 26.8 crore in Q4 of the current period, against Rs 21.5 crore in Q4 of last fiscal. Radio business EBIDTA stood at Rs 12 crore (~45 per cent margin), with Y-O-Y growth of 22 per cent. The radio business achieved PAT of Rs 6.6 crore (25 per cent margin), with Y-O-Y growth of 34 per cent.

The digital business revenue grew by 108 per cent to Rs 90 million from Rs 4.3 crore last year.

Commenting on the group's performance, Sudhir Agarwal, Managing Director, DB Corp Ltd, said, “For Dainik Bhaskar, this fiscal demanded stronger marketing efforts and closer introspection of all operational aspects, with all our teams across every department putting in harder efforts. We have undertaken significant changes in the billing structure to ensure better value for advertisers as well as for ourselves. Continued softness in newsprint prices has also protected the bottom line.”

He further said, “We have seen a transformation in the overall business sentiment that translated into appreciable traction from categories like lifestyle, hyper markets, high end FMCG goods, consumer durables and high end automobiles that will be inaugurating showrooms in Tier 2 and 3 cities. Our 'UnMetro – The markets driving India' initiative has become the centre-head of strategic thinking that continues to unleash the true potential of cities beyond metros. As it completed its 7th Conclave, it has become the genesis of the most interesting insights for us and marketing professionals, which we are able to plough back into the organisation.”

“Our non-print businesses continue to report steady growth while retaining their leadership positions through strong audience engagement initiatives,” he added.

Going forward, in addition to market expansion DB Corp will also focus on ensuring a healthy bottom line through stronger internal operating efficiencies, tighter billing structures and better expense management.

Info@BestMediaInfo.com

Info@BestMediaInfo.com

Advertisment