Conference Call with DB Corp Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
Publishing company DB Corp announced Q2FY25 results Total Revenue stands at Rs 5,825 million as against Rs 6,019 million on an election environment led driven high growth base of last year. Advertising Revenue stands at Rs 4,014 million as against Rs 4,301 million, due to high base of last year. Circulation Revenue stands at Rs 1175 million as against Rs 1,205 million EBIDTA stands at Rs 1,442 million (EBIDTA margin 25%) as against Rs 1,676 million. Net Profit stands at Rs 826 million as against Rs 1,003 million. Radio business: Advt Revenue grew by 16% YoY at Rs 414 million versus Rs 356 million. EBIDTA grew by 22% YoY to Rs 132 million versus Rs 108 million Sudhir Agarwal, Managing Director, DB Corp Ltd said: "In Q2FY25, we did not meet our revenue growth targets, primarily due to the extended monsoon season, which slowed market activity and consumer spending, and a high base effect - Q2FY24 was an exceptionally strong quarter bolstered by significant advertising driven by state elections filled environment. We believe will continue our growth trajectory in the coming quarters to meet our long-term growth strategy as we are actively adapting to current market conditions. Our Digital Business is thriving, with continued growth in MAUs to almost 20 million as of Aug’24, despite monetizing on a pilot basis. Our foundation for future success remains strong, built on our commitment to editorial excellence, continued broad-based support from advertisers, and the robust economic growth in our key markets. These factors position us well to capitalize on emerging opportunities. As India's economic landscape evolves in the post-election period, we are confident in our ability to further cement our market leadership and continue to focus on enhancing value to our stakeholders." Result PDF