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Tag: Dainik Divya Marathi

  • Q2-17: DB Corp revenue up, radio operating profit doubles

    Q2-17: DB Corp revenue up, radio operating profit doubles

    BENGALURU: DB Corp Limited (DB Corp), home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar reported 10.5 percent higher consolidated revenue for the quarter ended 30 September 2016 (Q2-17, current quarter) as compared to the corresponding year ago quarter. The media house’s total income from operations (TIO or revenue) in Q2-17 was Rs 528.74 crore as compared to Rs 478.36 crore.

    DB Corp’s consolidated profit after tax (PAT) increased 55.9 percent year-over-year (y-o-y) to Rs 88.52 crore as compared to Rs 56.77 crore. However, quarter-over-quarter (q-o-q) it’s PAT declined 14.9 percent from Rs 103.96 crore in Q1-17.

    EBIDTA (excluding other income) for the current quarter increased 38.6 percent y-o-y to Rs150.55 crore as compared to Rs 108.66 crore, but declined 16.9 percent q-o-q from Rs 181.06 crore.

    Four segments contribute to DB Corp’s numbers – Printing and publishing of newspaper and periodicals (Printing) segment; Radio segment; Event segment, Internet segment; and Power segment. Its Printing and Radio segments are major contributors to the company’s top and bottomlines and have been considered here.

    Radio Segment

    DB Corp’s radio segment has an FM radio network under the brand My FM for which the company reported more than double y-o-y (2.15 times) operating profit for Q2-17 at Rs  12.97 crore as compared to Rs 6.04 percent. Q-o-q also, DB Corp’s radio segment’s operating profit was 69.1 percent higher (Rs 7.67 crore in Q1-17).  My FM operating revenue for Q2-17 was 24.6 percent higher y-o-y at Rs 29.86 crore as compared to Rs 23.96 crore and 6.4 percent higher q-o-q as compared to Rs 28.06 crore.

    Printing and publishing of newspaper and periodicals (Printing) segment

    DB Corp’s Printing segment reported revenue of Rs 483.4 crore in the current quarter as compared to the Rs 443.24 crore in Q2-16. However, q-o-q, the Printing segment’s revenue declined 8.2 percent from Rs 526.55 crore. The segment’s operating profit in the current quarter increased 37.8 percent y-o-y to Rs 129 crore as compared to Rs 93.64 crore but declined 19.7 percent q-o-q from Rs 160.73 crore.

    Other numbers

    DB Corp’s consolidated Total Expenditure for Q2-17 increased 2.4 percent y-o-y to Rs 399.75 crore as compared to Rs 390.56 crore but declined 2.4 percent q-o-q from Rs 410.33 crore. Consolidated Cost of raw materials consumed in Q2-17 increased 9.1 percent y-o-y to Rs 163.34 crore from Rs 149.69 crore and increased 1.8 percent q-o-q from Rs 160.46 crore. Consolidated Employee Benefits Expense in the current quarter increased 11.5 percent y-o-y to Rs 107.41 crore as compared to Rs 96.3 crore in Q2-16 and increased 0.6 percent q-o-q from Rs 106.77 crore. Consolidated Total comprehensive income in Q2-17 increased 53.5 percent y-o-y to Rs 85.21 crore from Rs 55,51 crore, but declined 17.9 percent q-o-q from Rs 103.8 crore.

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

  • Q2-17: DB Corp revenue up, radio operating profit doubles

    Q2-17: DB Corp revenue up, radio operating profit doubles

    BENGALURU: DB Corp Limited (DB Corp), home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar reported 10.5 percent higher consolidated revenue for the quarter ended 30 September 2016 (Q2-17, current quarter) as compared to the corresponding year ago quarter. The media house’s total income from operations (TIO or revenue) in Q2-17 was Rs 528.74 crore as compared to Rs 478.36 crore.

    DB Corp’s consolidated profit after tax (PAT) increased 55.9 percent year-over-year (y-o-y) to Rs 88.52 crore as compared to Rs 56.77 crore. However, quarter-over-quarter (q-o-q) it’s PAT declined 14.9 percent from Rs 103.96 crore in Q1-17.

    EBIDTA (excluding other income) for the current quarter increased 38.6 percent y-o-y to Rs150.55 crore as compared to Rs 108.66 crore, but declined 16.9 percent q-o-q from Rs 181.06 crore.

    Four segments contribute to DB Corp’s numbers – Printing and publishing of newspaper and periodicals (Printing) segment; Radio segment; Event segment, Internet segment; and Power segment. Its Printing and Radio segments are major contributors to the company’s top and bottomlines and have been considered here.

    Radio Segment

    DB Corp’s radio segment has an FM radio network under the brand My FM for which the company reported more than double y-o-y (2.15 times) operating profit for Q2-17 at Rs  12.97 crore as compared to Rs 6.04 percent. Q-o-q also, DB Corp’s radio segment’s operating profit was 69.1 percent higher (Rs 7.67 crore in Q1-17).  My FM operating revenue for Q2-17 was 24.6 percent higher y-o-y at Rs 29.86 crore as compared to Rs 23.96 crore and 6.4 percent higher q-o-q as compared to Rs 28.06 crore.

    Printing and publishing of newspaper and periodicals (Printing) segment

    DB Corp’s Printing segment reported revenue of Rs 483.4 crore in the current quarter as compared to the Rs 443.24 crore in Q2-16. However, q-o-q, the Printing segment’s revenue declined 8.2 percent from Rs 526.55 crore. The segment’s operating profit in the current quarter increased 37.8 percent y-o-y to Rs 129 crore as compared to Rs 93.64 crore but declined 19.7 percent q-o-q from Rs 160.73 crore.

    Other numbers

    DB Corp’s consolidated Total Expenditure for Q2-17 increased 2.4 percent y-o-y to Rs 399.75 crore as compared to Rs 390.56 crore but declined 2.4 percent q-o-q from Rs 410.33 crore. Consolidated Cost of raw materials consumed in Q2-17 increased 9.1 percent y-o-y to Rs 163.34 crore from Rs 149.69 crore and increased 1.8 percent q-o-q from Rs 160.46 crore. Consolidated Employee Benefits Expense in the current quarter increased 11.5 percent y-o-y to Rs 107.41 crore as compared to Rs 96.3 crore in Q2-16 and increased 0.6 percent q-o-q from Rs 106.77 crore. Consolidated Total comprehensive income in Q2-17 increased 53.5 percent y-o-y to Rs 85.21 crore from Rs 55,51 crore, but declined 17.9 percent q-o-q from Rs 103.8 crore.

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

  • FY-16: DB Corp revenue up marginally, My FM revenue up 12 percent

    FY-16: DB Corp revenue up marginally, My FM revenue up 12 percent

    BENGALURU: DB Corp Limited (DB Corp), home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar reported 2.1 percent increase in Total Income from operations (TIO) for the year ended 31 March 2016 (FY-16, current year). The company reported consolidated revenue of Rs 2,051.87 crore in FY-16 as compared to Rs 2,009.57 crore in the previous fiscal.

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

    For the quarter ended 31 March 2016 (Q4-16, current quarter) TIO increased 5.6 percent year-over-year (y-o-y) to Rs 514.28 crore as compared to Rs 485.60 crore, but declined 12.2 percent quarter-over-quarter (q-o-q) from Rs 585.89 crore.

    DB Corp’s PAT in the current year declined 6.2 percent to Rs 296.64 crore (14.5 percent PAT margin) from Rs 316.34 crore (15.7 percent PAT margin) in FY-15. PAT in the current quarter was almost flat y-o-y (increased by 0.4 percent) at Rs 64.24 crore (12.5 percent margin) as compared to Rs 64 crore (13.2 percent PAT margin), but declined 39.9 percent q-o-q from Rs 105.11 crore (19 percent PAT margin) in the immediate trailing quarter.

    Radio Segment – My FM

    DB Corp’s radio segment that has an FM radio network under the brand My FM reported 12.1 percent increase in TIO in FY-16 at Rs 107.50 crore as compared to Rs 95.87 crore in FY-15. The radio segment’s contribution to DB Corp’s overall revenue has gone up to 5.24 percent of TIO in the current year from 4.77 percent in the previous year.

    The radio segment’s operating profit increased 0.9 percent to Rs 31.52 crore in FY-16 from Rs 31.23 crore in the previous year. The radio segment’s operating profit in Q4-16 declined 5.9 percent y-o-y to Rs 9.4 crore from Rs 9.95 crore and declined 8.1 percent q-o-q from Rs 12 crore in Q3-16.

    Printing and publishing of newspaper and periodicals (Printing) segment

    Print segment reported 0.8 percent increase in TIO in FY-16 at Rs 1,892.56 crore as compared to Rs 1877.70 crore in FY-15. The print segment’s operating profit declined 2.7 percent in the current year to Rs 476.96 crore from Rs 490.23 crore in FY-15.

    Digital Business

    DB Corps’ Digital business revenue grew by 33 percent to Rs. 12 crore from Rs. 9 crore of corresponding quarter last fiscal.

    Circulation and Advertising revenues

    Circulation Revenue grew by 16 percent in FY-16 to Rs 435.6 crore from Rs 375.5 crore in FY-15, largely driven by yield growth of 13 percent, primarily in legacy markets. Circulation Revenue increased 15.3 percent y-o-y in Q4-16 to Rs 113.6 crore from Rs 98.5 crore, primarily due to yield driven growth, largely coming from mature markets.

    Advertising Revenues was lower in FY-15 at Rs 1481.2 crore as against Rs 1516.6 crore during last year. Advertising Revenue in Q4-16 was at Rs. 360.0 crore as compared to Rs 354.3 crore in Q4-15.

    Total Expenditure (TE) in the current year increased 4.5 percent to Rs 1605.10 crore from Rs 1535.46 crore in FY-15. TE in Q4-16 increased 7.5 percent y-o-y to Rs 422.34 crore as compared to Rs 390.75 crore and was almost flat q-o-q as compared to Rs 422.32 crore in the immediate trailing quarter.

    Raw material (RM) consumption in FY-16 declined 4.5 percent to Rs 618.67 crore from Rs 647.57 crore in FY-15. RM consumption in the current quarter increased 3.9 percent y-o-y to Rs 157.77 crore as compared to Rs 151.70 crore, but declined 5.2 percent q-o-q from Rs 166.46 crore in Q3-16.

    Company speak

    DB Corp managing director Sudhir Agarwal said, “Our performance this quarter continues to reflect sustained efforts to engage strongly with readers and advertisers. We continue to undertake several key initiatives to propel the company on a growth trajectory, since we have already laid a very strong foundation for the business that now has extremely strong fundamentals. Our strategic areas of focus are at the core of our growth and expansion roadmap and way forward, being led by print, digital and radio segments. This year we brought back the ‘Zidd karo’ campaign that resonates our operating philosophy – which has guided the group to report significant growth over the last few years. While we are implementing multiple efforts to increase reader engagement primarily driven through content, we are also focusing very intensely on advertiser engagement to help advertisers understand multiple ways of engaging with our readers since we know the preferences of our readers very well. On this basis, our yield strategy is gaining steady and strong acceptance. The key thrust areas going forward will centre on giving readers a well-rounded experience, our commitment to advertisers and associates, an enthusiastic and energised work environment for all staff and our responsibility towards stakeholders to deliver high shareholder value. We continue to be excited by the development of the radio and digital segments that have great growth capabilities and are on course. On an overall basis, Indian language print media holds tremendous potential and as the largest player in the industry backed by strong competitive advantages, we look forward to leveraging future opportunities.”

  • FY-16: DB Corp revenue up marginally, My FM revenue up 12 percent

    FY-16: DB Corp revenue up marginally, My FM revenue up 12 percent

    BENGALURU: DB Corp Limited (DB Corp), home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar reported 2.1 percent increase in Total Income from operations (TIO) for the year ended 31 March 2016 (FY-16, current year). The company reported consolidated revenue of Rs 2,051.87 crore in FY-16 as compared to Rs 2,009.57 crore in the previous fiscal.

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

    For the quarter ended 31 March 2016 (Q4-16, current quarter) TIO increased 5.6 percent year-over-year (y-o-y) to Rs 514.28 crore as compared to Rs 485.60 crore, but declined 12.2 percent quarter-over-quarter (q-o-q) from Rs 585.89 crore.

    DB Corp’s PAT in the current year declined 6.2 percent to Rs 296.64 crore (14.5 percent PAT margin) from Rs 316.34 crore (15.7 percent PAT margin) in FY-15. PAT in the current quarter was almost flat y-o-y (increased by 0.4 percent) at Rs 64.24 crore (12.5 percent margin) as compared to Rs 64 crore (13.2 percent PAT margin), but declined 39.9 percent q-o-q from Rs 105.11 crore (19 percent PAT margin) in the immediate trailing quarter.

    Radio Segment – My FM

    DB Corp’s radio segment that has an FM radio network under the brand My FM reported 12.1 percent increase in TIO in FY-16 at Rs 107.50 crore as compared to Rs 95.87 crore in FY-15. The radio segment’s contribution to DB Corp’s overall revenue has gone up to 5.24 percent of TIO in the current year from 4.77 percent in the previous year.

    The radio segment’s operating profit increased 0.9 percent to Rs 31.52 crore in FY-16 from Rs 31.23 crore in the previous year. The radio segment’s operating profit in Q4-16 declined 5.9 percent y-o-y to Rs 9.4 crore from Rs 9.95 crore and declined 8.1 percent q-o-q from Rs 12 crore in Q3-16.

    Printing and publishing of newspaper and periodicals (Printing) segment

    Print segment reported 0.8 percent increase in TIO in FY-16 at Rs 1,892.56 crore as compared to Rs 1877.70 crore in FY-15. The print segment’s operating profit declined 2.7 percent in the current year to Rs 476.96 crore from Rs 490.23 crore in FY-15.

    Digital Business

    DB Corps’ Digital business revenue grew by 33 percent to Rs. 12 crore from Rs. 9 crore of corresponding quarter last fiscal.

    Circulation and Advertising revenues

    Circulation Revenue grew by 16 percent in FY-16 to Rs 435.6 crore from Rs 375.5 crore in FY-15, largely driven by yield growth of 13 percent, primarily in legacy markets. Circulation Revenue increased 15.3 percent y-o-y in Q4-16 to Rs 113.6 crore from Rs 98.5 crore, primarily due to yield driven growth, largely coming from mature markets.

    Advertising Revenues was lower in FY-15 at Rs 1481.2 crore as against Rs 1516.6 crore during last year. Advertising Revenue in Q4-16 was at Rs. 360.0 crore as compared to Rs 354.3 crore in Q4-15.

    Total Expenditure (TE) in the current year increased 4.5 percent to Rs 1605.10 crore from Rs 1535.46 crore in FY-15. TE in Q4-16 increased 7.5 percent y-o-y to Rs 422.34 crore as compared to Rs 390.75 crore and was almost flat q-o-q as compared to Rs 422.32 crore in the immediate trailing quarter.

    Raw material (RM) consumption in FY-16 declined 4.5 percent to Rs 618.67 crore from Rs 647.57 crore in FY-15. RM consumption in the current quarter increased 3.9 percent y-o-y to Rs 157.77 crore as compared to Rs 151.70 crore, but declined 5.2 percent q-o-q from Rs 166.46 crore in Q3-16.

    Company speak

    DB Corp managing director Sudhir Agarwal said, “Our performance this quarter continues to reflect sustained efforts to engage strongly with readers and advertisers. We continue to undertake several key initiatives to propel the company on a growth trajectory, since we have already laid a very strong foundation for the business that now has extremely strong fundamentals. Our strategic areas of focus are at the core of our growth and expansion roadmap and way forward, being led by print, digital and radio segments. This year we brought back the ‘Zidd karo’ campaign that resonates our operating philosophy – which has guided the group to report significant growth over the last few years. While we are implementing multiple efforts to increase reader engagement primarily driven through content, we are also focusing very intensely on advertiser engagement to help advertisers understand multiple ways of engaging with our readers since we know the preferences of our readers very well. On this basis, our yield strategy is gaining steady and strong acceptance. The key thrust areas going forward will centre on giving readers a well-rounded experience, our commitment to advertisers and associates, an enthusiastic and energised work environment for all staff and our responsibility towards stakeholders to deliver high shareholder value. We continue to be excited by the development of the radio and digital segments that have great growth capabilities and are on course. On an overall basis, Indian language print media holds tremendous potential and as the largest player in the industry backed by strong competitive advantages, we look forward to leveraging future opportunities.”

  • Q3-2016: DB Corp print revenue up 22%, radio revenue up 35%; radio op profit almost double

    Q3-2016: DB Corp print revenue up 22%, radio revenue up 35%; radio op profit almost double

    BENGALURU: DB Corp Limited (DB Corp), home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar reported 22.5 per cent QoQ increase in Total Income from operations (TIO) for the quarter ended 31 December, 2015 (Q3-2016, current quarter). The company reported TIO of Rs 585.89 crore in the current quarter as compared to Rs 478.33 crore in the immediate trailing quarter. YoY, TIO increased 5.7 per cent as compared to Rs 554.57 crore in Q3-2015.

     

    Revenue growth was driven by a 21.9 per cent QoQ growth in revenue from the company’s print segment at Rs 539.28 crore as compared to Rs 442.24 crore and a 34.9 per cent QoQ growth in the company’s radio segment revenue at Rs 32.32 crore (5.5 per cent of TIO) as compared to Rs 23.96 crore (five per cent of TIO). YoY, revenue from print segment increased 3.9 per cent as compared to Rs 518.9 crore, while radio segment revenue increased 25.8 per cent as compared to Rs 25.69 crore (4.6 per cent of TIO).

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore

     

    Operating Results/PAT

     

    The company reports revenue from five segments:  Printing and publishing of newspaper and periodicals (Printing segment); Radio segment (under the brand My FM); Events; Internet; and power. Two of the segments are major contributors to the revenue – printing and radio and their numbers have been considered in this report.

     

    The company reported 80.7 per cent QoQ growth in profit after tax (PAT) for the current quarter at Rs 108.63 crore (18.2 per cent margin) as compared to Rs 59.12 crore (12.4 per cent margin) and grew 1.6 per cent YoY as compared to Rs 105.11 crore (19 per cent margin).

     

    The company’s print business reported 73.5 per cent QoQ increase in operating profit at Rs 162.91 crore as compared to Rs 93.91 crore and increased 3.3 per cent YoY as compared to Rs 157.76 crore.

     

    Radio business reported almost double the operating profit (grew by 98.7 per cent) QoQ at Rs 12 crore as compared to Rs 6.04 crore and increased 27.1 per cent YoY as compared to Rs 9.44 crore.

     

    Advertisement and subscription revenue

     

    The company says that its advertising revenue declined 0.6 per cent YoY to Rs 391.2 crore in the current quarter as compared to Rs 393.4 crore in the corresponding quarter of last year, but increased 27 per cent QoQ as compared to Rs 307.9 crore. Circulation revenue increased 17.8 per cent in YOY in Q3-2016 to Rs 114.1 crore as compared to the Rs 96.9 crore and grew eight per cent QoQ as compared to Rs 105.7 crore.

     

    DB Corp managing director Sudhir Agarwal said, “The success of our yield strategy has begun delivering encouraging results as we make aggressive efforts to gain back volume growth across our legacy and emerging markets, which have started responding well. We have taken every step to maintain our leadership position and we continue to be the largest circulated newspaper since last three years while we are the fourth largest circulated newspaper in the world – a great honour and responsibility for us. Our focus on stronger operating efficiencies and better expense management has ensured our financial health while softened newsprint costs have also protected our profitability.

    Our non-print businesses are well on course as our digital business continues to gather momentum and our radio business strategy maintains commendable progress as we prepare to commence operations of the newly acquired stations over four to six months. The government is in the midst of introducing structural reforms with a long term vision and we believe that present green shoots will translate into a positive pick up for a better economic environment.”

  • Q3-2016: DB Corp print revenue up 22%, radio revenue up 35%; radio op profit almost double

    Q3-2016: DB Corp print revenue up 22%, radio revenue up 35%; radio op profit almost double

    BENGALURU: DB Corp Limited (DB Corp), home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar reported 22.5 per cent QoQ increase in Total Income from operations (TIO) for the quarter ended 31 December, 2015 (Q3-2016, current quarter). The company reported TIO of Rs 585.89 crore in the current quarter as compared to Rs 478.33 crore in the immediate trailing quarter. YoY, TIO increased 5.7 per cent as compared to Rs 554.57 crore in Q3-2015.

     

    Revenue growth was driven by a 21.9 per cent QoQ growth in revenue from the company’s print segment at Rs 539.28 crore as compared to Rs 442.24 crore and a 34.9 per cent QoQ growth in the company’s radio segment revenue at Rs 32.32 crore (5.5 per cent of TIO) as compared to Rs 23.96 crore (five per cent of TIO). YoY, revenue from print segment increased 3.9 per cent as compared to Rs 518.9 crore, while radio segment revenue increased 25.8 per cent as compared to Rs 25.69 crore (4.6 per cent of TIO).

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore

     

    Operating Results/PAT

     

    The company reports revenue from five segments:  Printing and publishing of newspaper and periodicals (Printing segment); Radio segment (under the brand My FM); Events; Internet; and power. Two of the segments are major contributors to the revenue – printing and radio and their numbers have been considered in this report.

     

    The company reported 80.7 per cent QoQ growth in profit after tax (PAT) for the current quarter at Rs 108.63 crore (18.2 per cent margin) as compared to Rs 59.12 crore (12.4 per cent margin) and grew 1.6 per cent YoY as compared to Rs 105.11 crore (19 per cent margin).

     

    The company’s print business reported 73.5 per cent QoQ increase in operating profit at Rs 162.91 crore as compared to Rs 93.91 crore and increased 3.3 per cent YoY as compared to Rs 157.76 crore.

     

    Radio business reported almost double the operating profit (grew by 98.7 per cent) QoQ at Rs 12 crore as compared to Rs 6.04 crore and increased 27.1 per cent YoY as compared to Rs 9.44 crore.

     

    Advertisement and subscription revenue

     

    The company says that its advertising revenue declined 0.6 per cent YoY to Rs 391.2 crore in the current quarter as compared to Rs 393.4 crore in the corresponding quarter of last year, but increased 27 per cent QoQ as compared to Rs 307.9 crore. Circulation revenue increased 17.8 per cent in YOY in Q3-2016 to Rs 114.1 crore as compared to the Rs 96.9 crore and grew eight per cent QoQ as compared to Rs 105.7 crore.

     

    DB Corp managing director Sudhir Agarwal said, “The success of our yield strategy has begun delivering encouraging results as we make aggressive efforts to gain back volume growth across our legacy and emerging markets, which have started responding well. We have taken every step to maintain our leadership position and we continue to be the largest circulated newspaper since last three years while we are the fourth largest circulated newspaper in the world – a great honour and responsibility for us. Our focus on stronger operating efficiencies and better expense management has ensured our financial health while softened newsprint costs have also protected our profitability.

    Our non-print businesses are well on course as our digital business continues to gather momentum and our radio business strategy maintains commendable progress as we prepare to commence operations of the newly acquired stations over four to six months. The government is in the midst of introducing structural reforms with a long term vision and we believe that present green shoots will translate into a positive pick up for a better economic environment.”

  • Q2-2016: DB Corp print revenue drops marginally; radio revenue up 5%

    Q2-2016: DB Corp print revenue drops marginally; radio revenue up 5%

    BENGALURU: DB Corp Limited (DB Corp), home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar reported a 0.4 per cent fall in YoY Total Income from Operations (TIO) in the quarter ended 30 September, 2015 (Q2-2016, current quarter). The company reported a TIO of Rs 478.33 crore in the current quarter as compared to the Rs 480.21 crore in the corresponding year ago quarter and a one per cent growth as compared to the Rs 473.36 crore in Q1-2016.

     

    Note: (1) 100,00,000 = 100 Lakhs = 10 million = 1 crore

     

    (2) The figures mentioned in this report are consolidated figures unless stated otherwise.

     

    Segment Numbers

     

    The company reports revenue from five segments: Printing and publishing of newspaper and periodicals (Printing segment); Radio segment; Events; Internet; and power. Two of the segments are major contributors to the revenue – printing and radio and their numbers have been considered below.

     

    Radio segment

     

    DB Corp’s radio segment reported a 5.2 per cent growth in operating revenue to Rs 23.96 crore in the current quarter as compared to the Rs 22.77 crore in Q2-2015 and 11.5 per cent more than the Rs 21.50 crore in Q1-2016. The segment reported an eight per cent drop in operating profit to Rs 6.04 crore in the current quarter as compared to the Rs 6.57 crore in Q2-2015, but 48 per cent more than the Rs 4.08 crore in the immediate previous quarter. The company’s radio business PAT stands at Rs 4 crore. 

     

    Radio segment EBIDTA declined 6.7 per cent in Q2-2016 to Rs 8 crore as compared to the Rs 8.6 crore in Q2-2015, but grew 31.6 per cent as compared to the Rs 6.1 crore in Q1-2016.

     

    Printing segment

     

    The company’s printing segment reported a 1.6 per cent decline in operating revenue at Rs 442.24 crore in Q2-2016 as compared to the Rs 449.32 crore in Q2-2015, but 0.5 per cent more than the Rs 440.19 crore in Q1-2016. The segment reported a 6.2 per cent decline in operating result to Rs 93.91 crore as compared to the Rs 110.07 crore in Q2-2015 and was 6.2 per cent lower than the Rs 108.56 crore in the immediate trailing quarter.

     

    DB Corp’s profit after tax (PAT) in the current quarter declined 13.2 per cent to Rs 59.12 crore as compared to the Rs 68.11 crore in Q2-2015 and declined 11 per cent as compared to the Rs 66.46 crore in Q1-2016.

     

    DB Corp achieved EBIDTA margins of 24 per cent at Rs 117.1 crore from Rs 127.1 crore in Q2-2015, after factoring in forex loss of Rs 1.56 million and its Bihar launch preoperative expenditure of Rs 2.77 crore.

     

    Total Expenditure in the current quarter grew 2.8 per cent to Rs 388.14 crore as compared to the Rs 377.53 crore in Q2-2015 and was 4.3 per cent more than the Rs 372.30 crore in Q1-2016. Raw Material consumption in Q2-2016 declined 7.7 per cent to Rs 149.69 crore as compared to the Rs 162.09 crore in Q2-2015 and was 3.4 per cent more than the Rs 144.74 crore in Q1-2016.

     

    Advertising and Circulation revenue

     

    The company says that its advertising revenue declined to Rs 343.3 crore in the current quarter as compared to Rs 316 crore in the corresponding quarter of last year on account of the impact of the difference in the dates of the Navratri festival during the years FY-2015 and FY-2016.

     

    Circulation revenue increased 16 per cent in Q2-2016 to Rs 105.7 crore as compared to the Rs 91.5 crore, primarily due to yield driven growth, largely coming from its mature markets.

     

    Company speak

     

    DB Corp managing director Sudhir Agarwal said, “This quarter we established another expansion milestone as we consolidated our presence in Bihar, a region of strong strategic importance and we are able to provide a better reach to our advertisers and cater to an under-tapped, yet potential readership base. The yield strategy we have adopted has begun delivering good results as is evident from a consistent growth in yields. We are patiently continuing to have intensive successful discussions with our national and local level advertisers who have supported our yield strategy and highly appreciate the value we bring to support their plans. We are committed to strengthen these relationships as we progress.”

     

    “DB Digital has been performing well as we continue to gather commendable momentum with 177 per cent growth in page views and unique visitors. Our radio business strategy to be the market leading radio business in ‘Unmetro ‘ regions is well aligned to print business and with the recent acquisition of 14 frequencies in the Phase III auctions, we are now strongly placed to offer compelling package and reach to advertisers in Maharashtra, Rajasthan, CPH and Gujarat. On an overall basis, we continue to take all measures to leverage our strengths across print, radio and digital businesses to drive growth aggressively, while also ensuring that we continue to achieve better organisational efficiencies.“

  • FY-2015: DB Corp revenue up 8%; My FM op profit up 52%

    FY-2015: DB Corp revenue up 8%; My FM op profit up 52%

    BENGALURU: DB Corp Limited, home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar reported an 8.1 per cent increase in Total Income from Operations (TIO) at Rs 2009.57 crore in FY-2015 (year ended 31 March, 2015, current quarter) as compared to the Rs 1859.76 crore in FY-2014.

     

    In Q4-2015, DB Corp TIO at Rs 455.6 crore was 6.9 per cent more than the Rs 454.17 crore in the corresponding quarter of the previous year, but was 12.4 per cent lower than the Rs 554.57 crore in the immediate trailing quarter.

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore

     

    The company’s radio segment – My FM, which contributes less than five per cent (4.77 per cent in FY-2015) to its overall revenue, reported 20.7 per cent increase in revenue in FY-2015 to Rs 95.87 crore from Rs 79.45 crore in the previous year. My FM operating profit improved 51.9 per cent in FY-2015 to Rs 31.23 crore from Rs 20.56 reported in the previous year.

     

    My FM revenue in Q4-2015 at Rs 26.68 crore was 24.8 per cent more than Rs 21.37 crore in Q4-2014 and 3.9 per cent more than the Rs 25.69 crore in Q3-2015. The segment reported 38.4 per cent growth in operating profit to Rs 9.95 crore in the current quarter as compared to the Rs 7.19 crore in Q4-2014 and 5.4 per cent more than the Rs 9.44 crore in Q3-2015.

     

    Advertising revenues

     

    In its earnings release, DB Corp says that revenue from print advertisement grew 1.3 per cent y-o-y to Rs 319.1 crore in Q4-2014 from Rs 315.1 in Q4-2014, while q-o-q, print advertisement revenue declined 18.9 per cent from Rs 393.4 crore in Q3-2015.

     

    Radio advertisement in Q4-2015 grew 24.8 per cent to Rs 26.8 crore as compared to the Rs 21.5 crore in Q4-2015 and grew 4.3 per cent as compared to the Rs 25.7 crore in Q3-2015.

     

    Digital advertising revenue grew 107.8 per cent in the current quarter to Rs 9 crore from Rs 4.3 crore in Q4-2014, but fell 1.2 per cent as compared to the Rs 9.2 crore in Q3-2015.

     

    Company speak

     

    DB Corp managing director Sudhir Agarwal said, “Going forward, our focus on managing growth will continue to be the key to healthy financials. In addition to market expansion, we are working hard to ensure a healthy bottom line through stronger internal operating efficiencies, tighter billing structures and better expense management. Over the past few months the government has put in process several initiatives to boost economic growth and we expect to observe its visible on-ground impact over the coming quarters. Our business fundamentals continue to be strong and we are confident of our business strategies that have positioned us as India’s largest print media company amongst national dailies.”

     

    Let us look at the other results reported by DB Corp:

     

    DB Corp reported 3.2 per cent higher PAT (Profit after Tax) at Rs 316.34 crore in FY-2015 as compared to the PAT of Rs 306.65 crore in FY-2014. PAT for Q4-2015 at Rs 64 crore declined 15.7 per cent from Rs 75.92 crore in Q4-2014 and declined 39.1 per cent as compared to the Rs 105.11 crore in Q3-2015.

     

    The company’s total expenditure (TE) in FY-2015 at Rs 1535.46 crore was 11.9 per cent more than the Rs 1423.72 crore in FY-2014. TE in Q4-2015 at Rs 390.74 crore was 6.8 per cent more than the Rs 366.02 crore in Q4-2014 and almost flat (lower by 0.4 per cent) that the Q3-2015 TE at Rs 392.19 crore.

     

    Raw material consumption (RMC) in FY-2015 at Rs 647.57 crore was 2.3 per cent more than the Rs 632.95 crore in FY-2014. Q4-2015 RMC at Rs 151.7 crore was 2.6 per cent lower than the Rs 166.59 crore in Q4-2014 and 9.6 per cent lower than the Rs 167.9 crore in Q3-2015.

     

    Segment Revenue

     

    The company’s radio segment (My FM) results have been mentioned above.

     

    Printing and publishing of newspaper and periodicals (Printing segment) revenue at Rs 1877.7 crore in FY-2015 was 6.6 per cent higher than the Rs 1762.16 crore in the previous year. Q4-2015 revenue from this segment at Rs 448.41 crore was 4.7 per cent more than the Rs 428.21 crore in Q4-2014, but 13.6 per cent lower than the Rs 518.9 crore in Q3-2015.

     

    Printing segment reported operating result of Rs 490.23 crore in FY-2015, which was 6.8 per cent more than the Rs 458.9 crore in FY-2014. In Q4-2015, the segment reported operating result of Rs 112.21 crore, which was 17.5 per cent more than the Rs 95.5 crore but 28.8 per cent lower than the Rs 157.76 crore in Q3-2015.

  • DB Corp Q3-2015 PAT up 54%; Radio segment posts 44% improvement in op results

    DB Corp Q3-2015 PAT up 54%; Radio segment posts 44% improvement in op results

    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. Year-to-date (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 (MyFM) 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.
     
    Advertising Revenues

     

    The company said that advertising revenues grew by 7.8 per cent in 9M-2015 to Rs 1162.3 crore as against Rs 1077.8 crore during 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.

     

    The company added that radio advertising revenues grew by 7.8 percent 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.

     

    Let us look at the other results reported by DB Corp:

     

    DB Corp’s consolidated income from operations in Q3-2015 increased 15.5 percent to Rs 554.57 crore from Rs 480.21 crore in Q2-2015 and was 7 percent more than the Rs 518.20 crore in Q3-2014. For 9M-2015, income from operations at Rs 1523.97 crore was 8.4 percent 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 percent more than the Rs 377.53 crore in Q2-2015 and 3.4 percent more than the Rs 379.21 crore in Q3-2014. In 9M-2015, TE at Rs 1144.71 crore was 8.2 percent more than the Rs 1057.70 crore in 9M-2014.

    Raw Material consumption (RMC) in Q3-2015 at Rs 167.90 crore was 3.6 percent more than the Rs 162.09 crore in Q2-2015 and 2.6 percent lower than the Rs 172.41 crore in Q1-2014. RMC in 9M-2015 at Rs 495.87 crore was 6.3 percent more than the Rs 466.36 crore in 9M-2015.

     

    Segment Revenue

     

    Printing segment: Printing and publishing of newspaper and periodicals’ revenue at Rs 518.9 crore was 15.5 percent more than the Rs 449.32 crore in Q2-2015 and 6.2 percent more than the Rs 488.63 crore in Q3-2014. In 9M-2015, printing segment revenue at Rs 1429.29 crore was 7.1 percent more than the Rs 1333.95 crore in 9M-2014.

     

    Printing segment reported operating result of Rs 157.76 crore in Q3-2015, which was 57.7 percent more than the Rs 100.07 crore in Q2-2015 and 11.7 percent more than the Rs 141.23 crore in Q3-2014. In 9M-2015, the segment reported operating result of Rs 375.78 crore, 3.4 percent more than the Rs 363.39 crore in 9M-2014.

     

    Radio segment: 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 percent more q-o-q versus Rs 22.77 crore and 11 percent more y-o-y compared to Rs 23.82 crore in Q3-2014. In 9M-2015, radio segment’s revenue increased 19.1 percent to Rs 69.19 crore from Rs 58.07 crore in 9M-2014.

     

    Digital segment: 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, “This quarter we diligently focused on three core areas: product, content and distribution, which demanded all our hard work and efforts. Through an exciting mix of a high quality product led by innovative content, focus on better local news coverage in each region, various ground activation initiatives to intensify reader engagement, events to welcome greater corporate partnerships, have all contributed to improving our reach to readers across our legacy and emerging markets. We continue to progress well through Jharkhand, Bihar and Maharashtra making good headway in the readership profiles of SEC A and B categories, particularly Bihar and Maharashtra, even on the back of a higher cover price. In Jharkhand, we are working doubly hard to move towards our break-even target in this fiscal. Our focus on stronger internal operating efficiencies has ensured our financial health through better expense management while newsprint costs have also seen a correction, which has contributed to the strong bottom line.”

     

    “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,” he added.

     

    “The government has been working towards speeding up the needed reform implementations required to boost industrial and economic growth and we expect to observe some visible impact on better GDP numbers over the next two years. We are confident of our operating strengths and continue to execute to plan while maintaining stability in our profitability outlook,” Agarwal concluded.

     

  • DB Corp: Q2-2015; DB Corp radio operating profit up 2.6 times y-o-y

    DB Corp: Q2-2015; DB Corp radio operating profit up 2.6 times y-o-y

    BENGALURU: DB Corp Limited (DB Corp), home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar reported a 1.8 per cent drop in Q2-2015 total income from operations (TIO) to Rs 449.32 crore from Rs 461.07 crore in Q1-2015, but saw an increase from the Rs 416.15 crore TIO reported in the corresponding quarter of last year.

     
    The company’s radio segment revenues however, went up 9.8 per cent in Q2 2015 to Rs 22.77 crore (4.7 per cent of TIO) from Rs 20.73 crore (4.2 per cent of TIO) in Q1 2015 and a massive 33.3 per cent more than the Rs 17.08 crore (3.9 per cent of TIO) in Q2 2014.

    While DB Corp’s Q2-2015 PAT fell 13.9 per cent to Rs 68.11 crore (14.2 per cent of TIO) from Rs 79.13 crore (16.2 per cent of TIO) in Q1-2015 and rose by 13.2 per cent  from Rs 60.16 crore (13.7 per cent of TIO), the company’s radio segment’s operating profit went up by 24.7 per cent in Q2-2015 to Rs 6.57 crore from Rs 5.27 crore in Q1 2015 and more than double (2.58 times) the operating profit of 2.54 crore in Q1-2014

    Let us look at the other Q2-2015 and HY-2015 figures reported by DB Corp

    DB Corp’s TIO for HY-2015 has been reported at Rs 969.41 crore which is 9.2 per cent more than the Rs 887.39 crore in HY-2014. It’s PAT for HY-2015 at Rs 147.23 crore (15.2 per cent of TIO) is 8.1 per cent higher than the Rs 136.26 crore (15.4 per cent of TIO) in HY-2014.

    The company’s total expenditure (TE) for Q2-2015 at Rs 377.53 crore was 0.7 per cent more than the Rs 374.99 crore in Q1-2015 and 9.1 per cent more than the Rs 356.15 crore in Q2-2014. During HY-2015, the company’s TE went up to Rs 752.52 crore from Rs 678.49 crore in HY-2014.

    The company reported 2.3 per cent lower raw material consumption in Q2-2015 at Rs 162.09 crore (33.8 per cent of TIO) versus the Rs 165.88 crore (33.9 per cent of TIO) in Q1-2015 and 7.8 per cent more than the Rs 150.36 crore (29 per cent of TIO) in Q2-2014. DB Corp’s raw material consumption in HY-2015 at Rs 327.97 crore (33.8 per cent of TIO) was 11.6 per cent more than the Rs 293.95 crore (33.1 per cent of TIO) in HY-2014.

     Segment Revenue

    DB Corp reports revenues from 5 segment: Printing and Publishing of Newspaper and Periodicals segment (Publishing); Radio business; events; internet and power.

    The company’s radio segment details have been mentioned above. The results of the other three segments are quite small as compared to the contributions to overall revenue by DB Corp’s Printing and Publishing of Newspaper and Periodicals and Radio Business segments.

     DB Corp’s Publishing segment revenue fell 2.6 per cent in Q2-2015 to Rs 449.32 crore from Rs 461.07 crore in Q1-2015 and rose by 8 per cent from Rs 416.17 crore in Q2-2014. Revenue in HY-2015 at Rs 910.39 crore was 7.7 per cent more than the Rs 845.32 crore in HY-2014.

    The segment reported a 15.2 per cent drop in operating profit in Q2-2015 to Rs 100.67 crore from Rs 117.95 crore in Q1-2015 and an increase of 2.9 per cent from Rs 97.27 crore in Q2-2014. Operating profit of this segment in HY-2015 at Rs 210.02 crore dropped 1.9 per cent from Rs 222.16 crore in HY-2014.

    According to the company, revenues from advertising reported a growth of 9 per cent y-o-y to Rs 361.0 crore in current period from Rs 331.1 crore in Q2 last fiscal, on a high base of Q2-2014.

    DB Corp Managing Director Sudhir Agarwal, said “We are happy to report a quarter of satisfactory performance driven by satisfactory advertisement revenue growth with strong traction from segments such as FMCG, real estate, Auto and Life Style categories. On an overall basis, we have ensured that our legacy and emerging markets maintain steady growth as we continue to focus on delivering a content-backed news product that has become an integral part in the lives of our readers in various age-groups and with diverse interests.

     
    Through continuous strategic reviews on product quality, DBCL is working diligently in each market to bring to its readers unbiased news reports based on local region-wise developments and on news of national importance. It is through this larger mission of unearthing the local potential that we continue to progress along the path of our vision to be the largest and most admired media brand enabling socioeconomic change.

    While the print media business segment on a self-growth momentum, we have maintained a steady focus on the non-print segment. 52 per cent of India’s population is 24 years or younger comprising audiences of Generation X, Y and Z. We have very successfully adapted ourselves to this digital and social era and are harnessing our strengths to offer greater value to audiences across radio, digital and mobile platforms.

    Over the past few months, macroeconomic sentiments have improved especially with several global institutions positively revising their India outlook, which has had a good impact on consumer and industrial confidence. We believe that the current outlook indicates broad economic stability and a pick-up in growth, which DBCL is very well positioned to capitalise on, given our inherent business strengths and position as the only media conglomerate that enjoys a leadership position in multiple states, and in multiple languages.”

     

     

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