DB Corp Q4 PAT rises 158% to Rs61.9cr, revenue down to Rs460.1cr

The company said advertising revenue in Q4 stood at Rs308.4cr as against Rs330.3cr. Circulation revenue stood at Rs110.4cr as against Rs120cr.

Jun 17, 2021 03:06 IST India Infoline News Service

DB Corp Limited (DBCL), Print media company and home to flagship newspapers – Dainik Bhaskar, Divya Bhaskar, Divya Marathi and Saurashtra Samachar, today announced its financial results for the quarter ended March 31, 2021.

The consolidated Profit After Tax (PAT) for Q4FY21 grew by 158% yoy at Rs61.9cr as against Rs24.1cr. Total Revenue came in at Rs460.1cr as against Rs489.8cr. EBIDTA grew by 52% yoy at Rs104.7cr (23% margin) as against Rs69cr (margin of 14%).

The company said advertising revenue stood at Rs308.4cr as against Rs330.3cr. Circulation revenue stood at Rs110.4cr as against Rs120cr.

For Radio business, PAT in Q4FY21 stands at Rs13.2cr versus PAT of Rs3.4cr in Q4 last year. Advertising revenue at Rs27.8cr versus Rs32.6cr. EBIDTA stands at Rs9.3cr versus Rs9.6cr.

For FY21, consolidated PAT stood at Rs141.4cr as against Rs275cr. Total revenue came in at Rs1522.2cras against Rs2236.3cr. EBIDTA stood at Rs319.3cr as against Rs494cr. Circulation revenue stood at Rs414.6cr as against Rs512.2cr. Advertising revenue stood at Rs1008.4cr as against Rs1564cr.

The Board has considered and recommended the final Dividend of Rs3 per share on the face value of Rs10 per share.
Radio Business in FY21, Net Profit came in at Rs7.4cr versus Net profit of Rs19.8cr. Advertising Revenue at Rs83.1cr versus Rs139.1cr last year. EBIDTA at Rs16.7cr versus Rs43.1cr.

“While we look back at Fiscal 2021, it has been an extremely unprecedented year by all accounts. For the Print Industry, it has also been a year of reaffirmation of the fact that the Indian reader is extremely discerning and values good editorial ethos. This also validates our core principle that we have been following for the last many decades - Courageous Journalism is difficult and if done well is the most sustainable path for the future,” Sudhir Agarwal, Managing Director, DB Corp Ltd, said.

“It has also reaffirmed the changing dynamics of the Print Industry with Indian language newspapers doing significantly better than our English counterparts and outstripping them not only in circulation numbers, but in advertising revenues as well. We are happy to reiterate that the un-metro path chosen by our Founder and solidified by the Company over the past few years is continuing to fructify. Our digital efforts are also beginning to see traction and we are confident that we will continue to deliver quality journalism through all medium,” Agarwal added.

D B Corp Ltd trade on Thursday ended at Rs112.55 per piece down by Rs0.8 or 0.71% from its previous closing of Rs113.35 per piece on the BSE.

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