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
Conference Call with DB Corp Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Publishing company DB Corp announced consolidated Q1FY25 results: Advertising Revenue grew by 8.4% to Rs 4,277 million as against Rs 3,946 million. Circulation Revenue stands at Rs 1,192 million as against Rs 1,199 million Total Revenue grew by 7.4% to Rs 6,163 million as against Rs 5,736 million. EBIDTA grew by 40.4% to Rs 1,909 million as against Rs 1,359 million aided by Advt revenue Growth with effective cost control measures, & also helped by softening newsprint prices. EBIDTA margin expanded by 700 basis points to 31% from 24% last year Radio business: Advt Revenue grew by 6.2 % YoY at Rs 386 million versus Rs 364 million EBIDTA grew by 14.2% YoY to Rs 132 million versus Rs 115 million Commenting on the performance for Q1 FY2025, Sudhir Agarwal, Managing Director, DB Corp said, "As we enter Fiscal 2025, Dainik Bhaskar has demonstrated resilience and strength. Our first quarter results are particularly impressive considering the dip in Govt billing due to the election code of conduct. We are maintaining our growth trajectory across our Print, Radio, and Digital platforms, underscoring the robustness of our omnichannel strategy and the underlying demand for our media offerings. Our Digital platform with currently 18 million MAUs is a powerful pillar of growth. The editorial excellence, continued broad-based support from advertisers and the strong economic growth of our key markets provides us a strong platform. As India's economic landscape continues to evolve post-elections, we're well-positioned to capitalize on new opportunities, further cement our market leadership, and deliver enhanced value to our stakeholders.” Result PDF
Publishing company DB Corp announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Advertising Revenue grew by strong 24.6% to Rs 4,457 million as against Rs 3,578 million. Circulation Revenue grew by around 3% to Rs 1,187 million as against Rs 1,153 million Total Revenue grew by impressive 17.8% to Rs 6,418 million as against Rs 5,446 million. EBIDTA grew by 121.2% to Rs 1,967 million as against Rs 889 million aided by Advt revenue Growth with effective cost control measures, & also helped by softening newsprint prices. EBIDTA margin expanded by 1500 basis points to 31% from 16% last year Net Profit grew by 198.6% YoY to Rs 1,225 million as against Rs 410 million. Radio business: Advt Revenue grew 32.5% YoY at Rs 426.6 million versus Rs 322 million EBIDTA grew by 71.2% YoY to Rs 144.2 million versus Rs 84 million FY24 Financial Highlights: Advertising Revenue grew by 18.2% to Rs 17,524 million as against Rs 14,827 million. Advt revenue witnessed absolute revenue growth of Rs 2,697 million Circulation Revenue grew by around 3.5% to Rs 4,791 million as against Rs 4,627 million Total Revenue grew by around 14.5% to Rs 24,821 million as against Rs 21,682 million. Total revenue witnessed absolute revenue growth of Rs 3,139 million EBIDTA grew by 94.7% to Rs 7,033 million as against Rs 3,611 million aided by Revenue growth coupled with effective cost control measures, & also helped by softening newsprint prices. EBIDTA margin expanded by 1,100 basis points to 28% from 17% last year Net Profit grew by 151.7% YoY to Rs 4,255 million as against Rs 1,691 million. Radio business: Advt Revenue grew by 21% YoY at Rs 1,623 million versus Rs 1,342 million EBIDTA grew by 36.9% YoY to Rs 551 million versus Rs 402 million Commenting on the performance for Q4 FY2024, Sudhir Agarwal, Managing Director, DB Corp Ltd said, "Fiscal 2024 marks yet another year of continued growth for the Print Media sector in general and Dainik Bhaskar in particular. The momentum that has built over the past few quarters is a demonstration of the underlying strength of the medium. Apart from our Print business, our radio business continues this growth trajectory, digital business is also progressing as planned, and we are enthused by the immense potential of our omni-channel platform that is now firing on all cylinders. We are happy that we have built a strong platform of growth and are encouraged by the broad-based advertising revenues that we continue to attract. With India’s growth momentum going strong, we see a plethora of opportunities and going into the new financial year, we are hopeful to be able to continue this momentum and increase our leadership position and deliver growth to all stakeholders”. Result PDF
Conference Call with DB Corp Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.