DB Corp up 3%; Q1FY20 PAT declines 4% yoy to Rs93.7cr

EBIDTA stands at Rs17.96cr and EBIDTA margin at 29%, as per the filing.

Jul 18, 2019 09:07 IST India Infoline News Service

DB Corp Limited (DBCL), India's largest print media company posted a net profit at Rs93.7cr, which was down by 4% in Q1FY20 as against of Rs97.65cr in the same quarter previous fiscal.

Total income during the first quarter stood at Rs611.16cr.

Advertising Revenues stood at Rs44.20cr as against Rs45.49cr in Q1 last fiscal.

The Radio business revenue grew by 19% yoy to Rs37.7cr as against Rs31.7cr.

EBIDTA stands at Rs17.96cr and EBIDTA margin at 29%, as per the filing.

D B Corp Ltd is currently trading at Rs177.35 up by Rs5.45 or 3.17% from its previous closing of Rs171.90 on the BSE. The scrip opened at Rs176.90 and has touched a high and low of Rs184.75 and Rs164.15 respectively.

Commenting on the performance for Q1 FY 2019-20, Sudhir Agarwal, Managing Director, D. B. Corp Ltd. said, "The Company enjoys a dominant position in all its major markets of presence. To further strengthen our dominance, we continued with our efforts towards editorial and circulation expansion initiatives through this quarter as well. Despite, the challenging macro environment, we are confident of our current strategies to deliver enterprise growth and building profitability aided by overall cost control and moderation in newsprint prices going ahead. Our business strategy is focused on product strengthening, along with a series of strategic initiatives to orient the editorial team in this direction and complement our circulation expansion initiatives. Our efforts have delivered strong results and is reflected in the latest published readership and circulation number, by MRUC and ABC respectively. The latest Circulation drive "Life Badal jayegi, Boss" featuring Superstar Salman Khan is a continuation towards strengthening reader engagement, thus giving a push to our circulation efforts. Our Non-print businesses continue to progress well, building great value for our readers and advertisers. We continue to build our synergies and leverage the competitive strengths across each business segment.”

“With the formation of a stable and decisive government in Centre, the semi-urban and rural consumption and demand cycle is expected to stabilize. As the government continues with its efforts and initiatives to boost economic growth, with our execution excellence, we are confident to deliver the desired levels of growth," Sudhir Agarwal added.

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