Opening Remarks
Beginning with our Q3 FY2020 consolidated performance, last few quarters we have been working on optimizing the overall cost for the company. Our ongoing cost control measure coupled with the lower news print prices has helped in improving the profitability during the quarter. PAT reported a growth of 8% stood at Rs.816 million with a margin of 14%. EBITDA stood at Rs.1447 million with a margin of 24%. Our advertising revenues stood at Rs.4248 million. Circulation revenues at Rs.1321 million and total revenues at Rs.6018 million.
Our circulation expansion strategy is yielding results and we are happy to share that Dainik Bhaskar featured amongst the world’s top 3 most circulated new papers in 2019 as per WAN IFRA. The other two newspapers are Yomiuri Shimbun and Asahi Shimbun from Japan. The recognition of being ranked as a third largest in the world and the only Indian new daily to be in the top 3 is a proud development for the entire Dainik Bhaskar Group and a reflection of our hard work and sincere efforts towards driving DBCL to this position. Further we are continuously working on our strategy to gain dominance and leadership in Rajasthan, Gujarat, and Bihar while maintaining dominance and leadership in other markets through readers-centric approach, idea-based journalism and knowledge-enriched content.
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