DB Corp Q1 FY16 revenues dip 3.7% to Rs 4,802 mn; ad revenues fall 8%

Profit after tax margin stood at 14 per cent at Rs 665 million in Q1 FY16 as against Rs 791 million. On the other hand, circulation revenue increased by 16 per cent YoY to Rs 1,022 million

BestMediaInfo Bureau | Delhi | July 17, 2015

DB Corp, home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Divya Marathi and Saurashtra Samachar, has announced its financial results for the quarter ended June 30, 2015. The media group has seen a decline in its total revenues as well as advertising revenues and profit after tax in Q1 FY16.

Total revenues decreased by 3.7 per cent to Rs 4,802 million, from Rs 4,987 million in Q1 FY15.

Advertising revenues also declined by 8 per cent to Rs 3,423 million as against Rs 3,730 million in Q1 FY15 due to base effect of election revenue in Q1 1 of last year along with focus on high yield growth.

Profit after tax margin stood at 14 per cent at Rs 665 million in Q1 FY16 as against Rs 791 million, after factoring forex loss of Rs 18.4 million and Bihar launch related preoperative expenses of Rs 23.5 million.

On the other hand, circulation revenue increased by 16 per cent YoY to Rs 1,022 million in Q1 FY16 from Rs 885 million in the corresponding quarter of the previous fiscal, primarily due to yield driven growth.

DB Corp achieved EBIDTA margins of 26.8 per cent at Rs 1,287 million from Rs 1,441 million of last year.

Radio business ad revenue grew by 4 per cent to Rs 215 million from Rs 207 million in Q1 of last fiscal. Radio business EBIDTA stood at Rs 61 million, while radio business profit after tax stood at Rs 26 million.

DB Digital's ad revenue jumped 72 per cent to Rs 101 million in Q1 FY16 from Rs 59 million in the same period last year. DB Digital unique visitors grew to 30 million in June 2015 from 13 million in June 2014.

Sudhir Agarwal

Commenting on the performance for Q1 FY2015-16, Sudhir Agarwal, Managing Director, DB Corp, said, “Through this quarter, we continued our efforts to consolidate our positions across our all markets with a key focus on continuing to implement our strategy of yield increase, which was undertaken last quarter with an aim to monetise better yield growth. Several market expansion initiatives are underway and we look forward to completing our Bihar foray within the next few month.”

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