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DB Corp net profit remains muted in FY22

In the financial year ending March 31, 2022, the company reported 17.5% growth in total revenue

DB Corp Limited (DBCL), the publisher of leading dailies such as Dainik Bhaskar, Divya Bhaskar, Divya Marathi and Saurashtra Samachar, Friday posted a total revenue of Rs 1,788.5 crore for the financial year ended March 31, 2022, up 17.5% from Rs 1,522.2 crore in FY21.

The company’s ad revenue grew by 17.3% to Rs 1,182.7 crore from Rs 1,008.4 crore. The circulation revenue grew 10% YoY to Rs 455.8 crore against Rs 414.6 crore in the previous fiscal.

EBIDTA grew 1% YoY to Rs 322.8 crore from Rs 319.3 crore. Profit after tax grew 1% YoY to Rs 142.6 crore from Rs 141.4 crore.

For the quarter ending March 31, 2022, the total revenue of the company grew 4.3% YoY to Rs 479.9 crore from Rs 460.1 crore.

Ad revenue grew by 1.6% to Rs 313.4 crore from Rs 308.4 crore. The Q4FY22 PAT stood at Rs 24.5 crore as against Rs 61.9 crore.

Ad revenue of print and other businesses registered a growth of 16% YoY to Rs 1,071.8 crore in FY22 from Rs 926.4 crore in FY21.

Print EBIDTA margin at 26% expanded by more than 100 basis points.

Radio advertising revenue in FY22 grew by 35% YoY to Rs 112.2 crore compared with Rs 83.1 crore of previous year.

Radio EBIDTA grew by 88% YOY to Rs 31.4 crore versus Rs 16.7 crore.

Sudhir Agarwal, Managing Director, DB Corp Ltd, said, “With record-breaking mega editions ushering in the revival of post covid ad spends, our broad spectrum of advertisers – small traders, hyperlocal content, large companies, MNCs and industry leaders all reposed faith in the Dainik Bhaskar Group and this has helped us generate strong returns for all our stakeholders with our print advertising revenues reaching pre-Covid levels. The sustainable cost-cutting measures that we undertook coupled with the support of our readers as we increase cover prices has ensured that we end this financial year on a very strong position and are well-placed to forge newer milestones in the forthcoming quarters.”

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