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Dainik Bhaskar group’s print business posts Rs 1,347 million profit in Q3FY22

The group reported an increase in advertising revenue by 7.7% while circulation revenue went up by 5.5%

DB Corp Limited (DBCL), the print media company which is home to newspapers such as Dainik Bhaskar, Divya Bhaskar, Divya Marathi and Saurashtra Samachar, announced its financial results for the third quarter of the financial year 2022.

Total revenue from operations grew by 10.6% at Rs 5495 million as against Rs 4966 million.

The advertising revenue grew by 7.7% to Rs 3951 million as against Rs 3667 million, in Q3FY21.

Their circulation revenue grew by 5.5% at Rs 1141 million as against Rs 1082 million in the previous year.

Overall EBIDTA stands at Rs 1459 million (27% margin) as against Rs 1679 million (margin of 34%), while the Print Business EBIDTA stood at Rs 1590 million with a 31% margin.

Net Profit stands at Rs 865 million as against Rs 990 million in Q3FY21. Print Business Profit before Tax stands at Rs 1347 million.

Radio business:

● Advertising Revenue grew by 29.3% at Rs 376 million versus Rs 291 million

● EBIDTA grew by 36% at Rs 147 million versus Rs 108 million

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