Publishing company DB Corp declares Q3FY22 result: Advertising Revenue grew by 24.2% at Rs. 8693 million as against Rs. 7001 million Circulation Revenue grew by 11.9% at Rs. 3406 million as against Rs. 3043 million Total Revenue grew by 23.2% at Rs. 13087 million as against Rs. 10,621 million EBIDTA grew by 19.5% at Rs. 2565 million as against Rs. 2,146 million. Print Business EBIDTA grew by 30% YoY to Rs 3190 million from Rs 2460 million with EBIDTA margin expanded by 150 basis points to 26.3% PAT grew by 48.5% YoY at Rs. 1180 million as against of Rs. 795 million, Print Business PBT grew by 54.1% to Rs 2394 million from Rs 1553 million Radio Business: Advertising Revenue grew by 48% YoY to Rs 819 million versus Rs. 553 million last year EBIDTA grew by 212% YoY to Rs. 232 million versus Rs. 74 million Advertising Revenue grew by 7.7% to Rs. 3951 million as against Rs. 3667 million, on a comparative higher base of last year Circulation Revenue grew by 5.5% at Rs. 1141 million as against Rs. 1082 million Total Revenue grew by 10.6% at Rs. 5495 million as against Rs. 4966 million EBIDTA stands at Rs. 1459 million (27% margin) as against Rs. 1679 million (margin of 34%), aided by stringent cost control measures and despite large digital business investment for future growth. Print Business EBIDTA at Rs 1590 million with 31% margin Net Profit stands at Rs. 865 million as against Rs. 990 million. 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 Commenting on the performance for Q3 FY 2022, Mr. Sudhir Agarwal, Managing Director, DB Corp Ltd said, “While the cases of Omicron are surging, the impact on the ground is much less severe as compared to the previous two waves, with a combination of vaccines, lower levels of hospitalisation and a reduction of the fear associated with Covid, helping in keeping the overall sentiment strong. The momentum that had started in the previous quarter has extended significantly in this quarter with the Group recording strong QoQ and YoY growth on a reasonable base. We are seeing renewed vigour in advertising revenues, with new categories starting to look towards Print for their ad spend, coupled with select traditional categories like Real Estate, Education, Jewellery that have bounced back to pre-Covid levels. The other large traditional sectors are beginning to show signs of revival and that underscores further growth potential. As the market leader in Indian Language Print, backed with strong editorial integrity, we are a natural choice for advertisers, both new age as well as the traditional as they look to create localised and targeted ad campaigns. Our focus in the past few quarters has been to create parallelly a strong digital footprint for Dainik Bhaskar group, and we are happy to report that our efforts are yielding results with our websites and apps showing remarkable growth in reader engagement. We are working hard to close the fourth quarter on a strong note and continue to work towards meeting the expectation of all our stakeholders.” Result PDF