BENGALURU: DB Corp Limited (DB Corp), home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar, reported a 3.2 per cent fall in Total Income from Operations (TIO) to Rs 473.36 crore in the quarter ended June 31, 2015 (Q1-2016, current quarter) from Rs 489.20 crore in Q1-2015 and 2.5 per cent fall from the Rs 485.60 crore in Q4-2015 on the back of lower advertising revenue.
The company’s radio segment, under the brand MY FM, reported a 3.7 growth in operating revenue to Rs 21.50 crore (4.5 per cent of TIO) in Q1-2016 from Rs 20.73 crore (4.2 per cent of TIO) in Q1-2015, but 19.4 per cent lower than the Rs 26.68 crore (4.2 per cent of TIO) in the immediate trailing quarter.
Note: (1) 100,00,000 = 100 Lakhs = 10 million = 1 crore
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(2) The figures mentioned in this report are consolidated figures unless stated otherwise.
Operating results from the company’s radio segment dropped sharply. MY FM reported a 22.5 per cent drop in operating profit to Rs 4.08 crore in Q1-2016 as compared to the Rs 5.27 crore in Q1-2015, and a massive 59 per cent lower (less than half) than the Rs 9.95 crore in Q4-2015.
Company speak
DB Corp managing director Sudhir Agarwal said, “Through this quarter, we continued our efforts to consolidate our positions across our all markets with a key focus on continuing to implement our strategy of yield increase which was undertaken last quarter with an aim to monetise better yield growth, as we progress towards achieving our ambitious long term growth plans and goals. We took some important strategic steps to strengthen the foundations of our business over the last few years which continue to hold us in good stead and Bhaskar is working fiercely in an environment that continues to demand aggressive marketing efforts across all regions with our presence. In an environment that continues to be challenging, we are confident of our current strategies and business fundamentals that are directed towards enterprise growth while ensuring that we continue to operate efficiently and in a calibrated manner for the future. Our operating efficiencies continue to be validated while we also continue to benefit from softened newsprint prices. Several market expansion initiatives are underway and we look forward to completing our Bihar foray within the next few month. As the government continues with its efforts and initiatives to boost economic growth, we remain confident of our operating strengths and highly differentiated business approach that positions us very well to capitalise on better opportunities, as we move ahead.”
DB Corp reported 16 per cent lower PAT (Profit after Tax) at Rs 66.46 crore in Q1-2016 as compared to the PAT of Rs 79/13 crore in Q1-2015, and 3.8 per cent more than the PAT of Rs 64 crore in Q4-2015.
The company’s total expenditure (TE) in Q1-2016 at Rs 373.20 crore was 0.7 per cent lower than the Rs 374.99 crore in Q1-2015 and 4.7 per cent lower than the Rs 390.74 crore in Q4-2015.
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