BENGALURU: DB Corp Limited (DB Corp), home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar reported a 54.3 per cent increase in PAT at Rs 105.11 crore in Q3-2015 from Rs 68.11 crore in the immediate trailing quarter, and 11.3 per cent more than the Rs 94.46 crore in Q3-2014. YTD for 9M-2015, the company’s PAT at Rs 252.34 crore was 9.4 per cent more than the Rs 230.72 crore in the corresponding period of the previous year. The company says that PAT grew in 9M-2015 after factoring forex loss of Rs 4.41 crore and incremental depreciation of Rs 17.25 crore, as per new Companies act 2013
DB Corp’s radio segment – MY FM reported a 43.8 per cent growth in operating result in Q3-2015 at Rs 9.44 crore versus the Rs 6.57 crore in Q2-2015 and 11 per cent more than the Rs 8.51 crore in the corresponding quarter of 2014. For 9M-2015, the radio segment’s operating result improved 59.1 per cent to Rs 21.28 crore from Rs 13.37 crore in 9M-2014.
DB Corp says that advertising revenues grew by 7.8 percent in 9M-2015 to Rs 1162.3 crore as against Rs 1077.8 crore during the corresponding period last year. Revenues from advertising reported a growth of 6.2 per cent y-o-y to Rs 428.3 crore in Q3-2015 from Rs 403.5 crore in Q3-2015, which had a high base of the third quarter of last year, benefitting from state election impact in Madhya Pradesh, Chattisgarh and Rajasthan.
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The company says that radio advertising revenues grew by 7.8 per cent to Rs 25.7 crore in Q3 -2015 against Rs 23.9 crore in Q3-2014 on a high base of last year, mixed with state election impact.
Other results reported by DB Corp
DB Corp consolidated income from operations in Q3-2015 increased by 15.5 per cent to Rs 554.57 crore from Rs 480.21 crore in Q2-2015 and was 7 per cent more than the Rs 518.20 crore in Q3-2014. For 9M-2015, income from operations at Rs 1523.97 crore was 8.4 per cent more than the Rs 1405.56 crore in 9M-2014.
The company’s total expenditure (TE) in Q3-2015 at Rs 392.19 crore was 3.9 per cent more than the Rs 377.53 crore in Q2-2015 and 3.4 per cent more than the Rs 379.21 crore in Q3-2014. In 9M-2015, TE at Rs 1144.71 crore was 8.2 per cent more than the Rs 1057.70 crore in 9M-2014.
The company’s radio segment operating results have been mentioned above. The segment’s revenue in Q3-2015 at Rs 25.69 crore was 12.8 per cent more q-o-q versus Rs 22.77 crore and 11 per cent more y-o-y compared to Rs 23.82 crore in Q3-2014. In 9M-2015, Radio segments revenue increased by 19.1 per cent to Rs 69.19 crore from Rs 58.07 crore in 9M-2014.
DB Corps’s Digital business revenue grew by 75 per cent to Rs 9.2 crore in Q3-2015 from Rs. 5.25 crore in Q3-2014 while incurring EBITDA loss of Rs 2.17 crore.
DB Corp Managing Director Sudhir Agarwal said, “Our non-print business continues to make steady strides. The environment within the digital, mobile and radio world in Tier 2 and 3 cities is exciting and there’s much to explore and study in consumption behaviour and trends in regional language in these areas, which we have already undertaken very actively. Our digital properties have been gaining larger viewership numbers due to real time region specific coverage, our mobile app has been developed with best-in-class engineering to serve audiences struggling with slow connectivity issues in 2 and 3 Tier cities and we expect good response from it. Several initiatives are in progress to enable us to take advantage of future growth opportunities.”
