Publishing company DB Corp announced consolidated Q1FY24 results: Advertising revenue grew by 17.2% to Rs 3,946 million against Rs 3,368 million. Total revenue grew by around 15% to Rs 5,736 million as against Rs 4,994 million. Circulation revenue grew by around 4% to Rs 1,199 million as against Rs 1,156 million EBIDTA grew by a strong 84.2% to Rs 1,359 million as against Rs 738 million aided by stringent cost control measures, & also helped by softening newsprint prices. EBIDTA margin expanded by impressive 900 basis points to 24% from 15% last year Net profit grew by an impressive 154% YoY to Rs 788 million against Rs 310 million. Radio Business: Revenue grew by 16.2 % YoY at Rs 372 million versus Rs 320 million EBIDTA grew by 23% YoY to Rs 115 million versus Rs 94 million Commenting on the performance for Q1 FY2024, Sudhir Agarwal, Managing Director, DB Corp said, “As global economies are making a slow recovery from their inflationary pressures, the Indian Economy, especially the non-metro markets continue to see rapid growth. The print sector has been on the uptrend for the past few months and this is likely to continue. Reputed agencies such as CRISIL peg this growth at about 15-17% on the back of strong advertising revenues, driven by Elections, Government Spending, and Consumer Demand across traditional and digital sectors while English language print has been struggling with sluggish demand, Regional newspapers seem to be faring better. Dainik Bhaskar, as the dominant leader, and India’s largest newspaper group, has a clear advantage. We attribute this to our continued editorial excellence, high reader engagement, and omnichannel delivery mechanism. Along with ad revenue growth, we have been focused on cost optimisation and over the last 4-6 months have also helped with easing newsprint prices. This has helped us deliver our fifth quarter of consistent growth across all segments and are confident of continuing this trend in the forthcoming quarters”. Result PDF
Publishing company DB Corp announced Q4FY22 results: FY22 (Consolidated): Advertising Revenue grew by 17.3% at Rs. 11,827 million as against Rs. 10,084 million Circulation Revenue grew by 9.9% at Rs. 4,558 million as against Rs. 4,146 million Total Revenue grew by 17.5% at Rs. 17,885 million as against Rs. 15,222 million EBIDTA grew by 1.1% at Rs. 3,228 million as against Rs. 3,193 million. Print Business EBIDTA grew in high teens with EBIDTA margin expanded by 100 basis points to around 26%, despite newsprint prices headwinds PAT grew by 0.8% at Rs. 1,426 million as against of Rs. 1,414 million Radio Business: Advertising Revenue grew by 35.1% to Rs 1,122 million versus Rs. 831 million last year EBIDTA grew by 88% to Rs.314 million versus Rs.167 million Q4FY22 (Consolidated): Advertising Revenue grew by 1.6% to Rs. 3,134 million as against Rs. 3,084 million, on a comparative higher base of last year Circulation Revenue grew by 4.4% at Rs. 1,152 million as against Rs. 1,104 million Total Revenue grew by 4.3% at Rs. 4,799 million as against Rs. 4,601 million EBIDTA stands at Rs. 663 million as against Rs. 1,047 million, aided by stringent cost control measures and despite large digital business investment for future growth. Print Business EBIDTA margin stands at 24% in spite of newsprint price increase Net Profit stands at Rs. 245 million as against Rs. 619 million. Radio business: Advertising Revenue grew by 9.2% at Rs. 303 million versus Rs. 278 million EBIDTA stands at Rs. 82 million versus Rs. 93 million Commenting on the performance for FY2022, Mr. Sudhir Agarwal, Managing Director, DB Corp Ltd said, “When the Covid-19 pandemic ravaged the country, we were extremely proud of our front-line team members who wanted to bring a sense of continuity and calm and reduce the stress of our readers. Our thoughtful editorial integrity coupled with strong on-ground reporting ensured that we were the #1 choice of readers in India and our current leadership position is a strong testament to our readers. The Digital Push to become an omni-channel news delivery powerhouse is amplified by the dominant #1 position that our Hindi and Gujarati News Apps command. This leadership position, coupled with a resurgence of traditional advertising has also enthused our team to bring innovative solutions to the advertising community. 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.” Result PDF
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