ITV

Tag: Sudhir Agarwal

  • DB Corp’s radio business numbers expand with network growth

    DB Corp’s radio business numbers expand with network growth

    BENGALURU: DB Corp’s MY FM radio network now encompasses 26 live stations with the launch of nine new stations over the last two quarters of this fiscal (year ending 31 March 2017 or FY-17). DB Corp’s radio business revenue for the quarter ended 31 December 2016 (Q3-17, current quarter) increased 12.4 percent to Rs 36.32 crore as compared to Rs 32.32 crore in the corresponding year ago quarter (year-over-year or y-o-y).  The company’s press release says that its radio business operating profit (EBIDTA) grew 3 percent y-o-y to Rs 14.8 crore (41 percent margin), while profit after tax (PAT) also increased 3 percent y-o-y to Rs 8.1 crore (22 percent margin).

    DB Corp Limited (DB Corp), home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar reported 6.3 percent higher consolidated revenue for the current quarter as compared to the corresponding year ago quarter. The media house’s total income from operations (TIO or revenue) in Q3-17 was Rs 627.27 crore as compared to Rs 589.97 crore.

    DB Corp’s consolidated profit after tax (PAT) increased 6.6 percent y-o-y to Rs 118.1 crore as compared to Rs 110.75 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 4.5 percent y-o-y to Rs198.25 crore as compared to Rs 189.63 crore and increased 39.2 percent q-o-q from Rs 142.39 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.

    The radio segment or business numbers have been mentioned above.

    Printing and publishing of newspaper and periodicals (Printing) segment          

    DB Corp’s Printing segment reported 4.9 percent y-o-y growth in revenue to Rs 569.91 crore in the current quarter as compared to the Rs 543.36 crore in Q3-16.The Printing segment’s revenue increased 15.4 percent q-o-q Rs from Rs 493.79 crore. The segment’s operating profit in the current quarter increased 4 percent y-o-y to Rs 173.55 crore as compared to Rs 166.91 crore and increased 34.5 percent q-o-q from Rs 129 crore.

    Other numbers

    DB Corp’s consolidated Total Expenditure for Q3-17 increased 6.6 percent y-o-y to Rs 450.81 crore as compared to Rs 422.92 crore and increased 9.9 percent q-o-q from Rs 410.12 crore.

    Consolidated Cost of raw materials consumed in Q3-17 increased 6.5 percent y-o-y to Rs 177.24 crore from Rs 166.46 crore and increased 8.5 percent q-o-q from Rs 163.43 crore. Consolidated Employee Benefits Expense in the current quarter increased 6.6 percent y-o-y to Rs 108.5 crore as compared to Rs 102.16 crore in Q3-16 and increased 1 percent q-o-q from Rs 107.41 crore. Consolidated Total comprehensive income in Q3-17 increased 7.3 percent y-o-y to Rs 118.11 crore from Rs 110.05 crore, and increased 38.6 percent q-o-q from Rs 85.21 crore.

    Company speak

    Commenting on the performance DB Corp managing director Sudhir Agarwal said, “The resilience of our business model and strength of our operating strategy has been brought to the fore by our performance in Q3, which has broadly been a quarter of weak demand and subdued consumer spending and I take this opportunity to thank the team for their sincerity and dedication. Dainik Bhaskar has been acknowledged as the nation’s largest circulated multi-edition daily by RNI which is again an endorsement of our operating approach and philosophy. We have undertaken several growth oriented initiatives across all our print, digital and radio segments that have made a

    holistic impact on the business. We will continue to maintain this discipline and control at all levels while we are also empowering employees to enhance agility in the workplace.

    We expect the immediate-to-midterm impact of the currency purge undertaken by the Government, on consumption, to normalise over the next few months, a process which has already slightly started improving. We will continue to sharpen our strengths across our print and non-print businesses as well as

    our deep knowledge of our customers’ domain that are driving our ability to play a strategic role in the Indian M&E environment

    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.

  • DB Corp’s radio business numbers expand with network growth

    DB Corp’s radio business numbers expand with network growth

    BENGALURU: DB Corp’s MY FM radio network now encompasses 26 live stations with the launch of nine new stations over the last two quarters of this fiscal (year ending 31 March 2017 or FY-17). DB Corp’s radio business revenue for the quarter ended 31 December 2016 (Q3-17, current quarter) increased 12.4 percent to Rs 36.32 crore as compared to Rs 32.32 crore in the corresponding year ago quarter (year-over-year or y-o-y).  The company’s press release says that its radio business operating profit (EBIDTA) grew 3 percent y-o-y to Rs 14.8 crore (41 percent margin), while profit after tax (PAT) also increased 3 percent y-o-y to Rs 8.1 crore (22 percent margin).

    DB Corp Limited (DB Corp), home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar reported 6.3 percent higher consolidated revenue for the current quarter as compared to the corresponding year ago quarter. The media house’s total income from operations (TIO or revenue) in Q3-17 was Rs 627.27 crore as compared to Rs 589.97 crore.

    DB Corp’s consolidated profit after tax (PAT) increased 6.6 percent y-o-y to Rs 118.1 crore as compared to Rs 110.75 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 4.5 percent y-o-y to Rs198.25 crore as compared to Rs 189.63 crore and increased 39.2 percent q-o-q from Rs 142.39 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.

    The radio segment or business numbers have been mentioned above.

    Printing and publishing of newspaper and periodicals (Printing) segment          

    DB Corp’s Printing segment reported 4.9 percent y-o-y growth in revenue to Rs 569.91 crore in the current quarter as compared to the Rs 543.36 crore in Q3-16.The Printing segment’s revenue increased 15.4 percent q-o-q Rs from Rs 493.79 crore. The segment’s operating profit in the current quarter increased 4 percent y-o-y to Rs 173.55 crore as compared to Rs 166.91 crore and increased 34.5 percent q-o-q from Rs 129 crore.

    Other numbers

    DB Corp’s consolidated Total Expenditure for Q3-17 increased 6.6 percent y-o-y to Rs 450.81 crore as compared to Rs 422.92 crore and increased 9.9 percent q-o-q from Rs 410.12 crore.

    Consolidated Cost of raw materials consumed in Q3-17 increased 6.5 percent y-o-y to Rs 177.24 crore from Rs 166.46 crore and increased 8.5 percent q-o-q from Rs 163.43 crore. Consolidated Employee Benefits Expense in the current quarter increased 6.6 percent y-o-y to Rs 108.5 crore as compared to Rs 102.16 crore in Q3-16 and increased 1 percent q-o-q from Rs 107.41 crore. Consolidated Total comprehensive income in Q3-17 increased 7.3 percent y-o-y to Rs 118.11 crore from Rs 110.05 crore, and increased 38.6 percent q-o-q from Rs 85.21 crore.

    Company speak

    Commenting on the performance DB Corp managing director Sudhir Agarwal said, “The resilience of our business model and strength of our operating strategy has been brought to the fore by our performance in Q3, which has broadly been a quarter of weak demand and subdued consumer spending and I take this opportunity to thank the team for their sincerity and dedication. Dainik Bhaskar has been acknowledged as the nation’s largest circulated multi-edition daily by RNI which is again an endorsement of our operating approach and philosophy. We have undertaken several growth oriented initiatives across all our print, digital and radio segments that have made a

    holistic impact on the business. We will continue to maintain this discipline and control at all levels while we are also empowering employees to enhance agility in the workplace.

    We expect the immediate-to-midterm impact of the currency purge undertaken by the Government, on consumption, to normalise over the next few months, a process which has already slightly started improving. We will continue to sharpen our strengths across our print and non-print businesses as well as

    our deep knowledge of our customers’ domain that are driving our ability to play a strategic role in the Indian M&E environment

    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.”

  • 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.

  • Q1-2015: DB Corp reports higher income, PAT

    Q1-2015: DB Corp reports higher income, PAT

    BENGALURU: DB Corp Limited (DB Corp), home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar reported improved results in Q1-2015, both in terms of total income from operations (Tot Inc) and PAT. The company reported Tot Inc of Rs 489.2 crore which was 7.7 per cent more than the Rs 454.17 crore in the immediate trailing quarter Q4-2014 and 8.9 per cent more than the year ago Op Inc of Rs 449.41 crore in Q1-2014.

     

    The company’s PAT in Q1-2015 at Rs 79.12 crore (16.2 per cent of Tot Inc) was 4.3 per cent more than the Rs 79.92 crore (16.7 per cent of Tot Rev) in Q4-2014 and 4 per cent more than the Rs 76.1 crore (16.9 per cent of Tot Inc) in Q1-2014.

     

    Note: (1) Rs 100 lakh = Rs100,00,000 = Rs 1 crore = Rs 10 million. (2) The figures mentioned in this report or on a consolidated basis.

     

    DB Corp’s Radio Business segment, with 17 stations across seven states of India under the Brand Name – MYFM reported 3 per cent lower operating revenue (Op Rev) of Rs 20.73 crore (4.2 per cent of Tot Inc) as compared to the Rs 21.37 crore (5 per cent of Tot Inc) in Q4-2014 and 20.8 per cent more than the Rs 17.16 crore (3.8 per cent of Tot Inc) in Q1-2014. The segment reported 26.8 per cent lower positive result at Rs 5.27 crore in Q1-2015 as compared to the Rs 7.19 crore in Q4-2014, but was more than double (2.17 times) the Rs 2.32 crore in Q1-2014.

     

    Let us look at the other results reported by DB Corp for Q1-2015:

     

    DB Corp’s total expenditure in Q1-2015 at Rs 374.99 crore was 2.4 per cent more than the Rs 366.02 crore in Q4-2014 and 12.8 per cent more than the Rs 332.34 crore in Q1-2014. The company’s raw material consumption in Q1-2015 at Rs 165.88 crore was 3.8 per cent less than the Rs 166.59 crore in Q4-2014 and 15.5 per cent more than the Rs 143.59 crore in Q1-2014.

     

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

     

    The company’s Printing and Publishing of Newspaper and Periodicals segment reported revenue of Rs 461.07crore (94.3 per cent of Tot Inc) in Q1-2015, which was 7.7 per cent more than the Rs 428.21 crore (94.3 per cent of Tot Inc) in Q4-2014 and 7.4 per cent more than the Rs 429.15 crore (95.5 per cent of Tot Inc) in Q1-2014.

     

    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. The event segment has shown a 24.8 per cent q-o-q growth to Rs 1.4 crore in Q1-2015 in terms of operating revenue, while its internet business in Q1-2015 has grown by 36.7 per cent to Rs 5.89 crore as compared to Q4-2014. All the three segments reported negative operating results that slightly eroded profits generated by the other two segments.

     

    DB Corp Managing Director Sudhir Agarwal said, “We are happy to report a sound performance to start our fiscal year that reflects that we have sustained our growth momentum. We have maintained our strengths and leadership position in all our legacy markets as we also continue to demonstrate good growth in our emerging editions. Having already demonstrated operational excellence in the print business, we have also maintained a similar focus and emphasis on DBCL’s non-print segments spanning our digital and radio initiatives. Both these segments hold tremendous potential to capitalise on over the next few years, given India’s still nascent exposure to internet penetration and yet one of the largest and fastest growing digital markets.

     

    We have successfully leveraged our strengths in the print medium to deliver robust growth in the digital and radio businesses also and are in the process of achieving greater scale as well as being well placed to take advantage of future growth opportunities. On an overall basis, we have continued to capitalise on organisational efficiencies, expense management and maintained a strong momentum across print and non-print segments, supported by innovative brand development endeavours and a reader-centric approach that continues to drive growth.

     

    The macro-economic environment centered on a stable government reflects positive sentiments that are expected to translate into better GDP numbers. The current environment demands an agile operating model that can capture diverse growth opportunities. We are confident of our operating strengths and continue to execute to plan and invest for growth, while maintaining stability in our profitability outlook.”

     

    Click here to read the Consolidated financial report

    Click here to read the Standalone financial report

  • DB Corp and its radio business report good performance in Q2-2014, H1-2014

    DB Corp and its radio business report good performance in Q2-2014, H1-2014

    BENGALURU: DB Corp Limited (DBCL), home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar reported a good result for Q2-2014 and (Half Yearly) HY1-2014. Its total revenue has shown a growth of approximately 16 per cent y-o-y to Rs 441.8 crore in Q2-2014 against Rs 382.3 crore of Q2-2013. However, its income from operations in Q2-2014 at Rs 434.07 crore was 2.7 per cent lower that the Rs 446.15 crore in the preceding quarter Q1-2014.  

     

    Consolidated total revenue for HY1-2014 increased by 17 per cent to Rs 895.8 crore from Rs 763.8 crore in HY1-2013; Consolidated advertising revenue grew by 19 per cent in HY1-2014 to Rs 674.4 crore as against Rs 568.8 crore in HY1-2013.

     

    DBCL achieved consolidated EBIDTA margin of 28 per cent in HY1-2014 at Rs 248.9 crore registering a y-o-y growth of 44 per cent. Consolidated PAT margin at 15 per cent at Rs 13.63 crore registered a growth of 48 per cent on y-o-y basis.

     

    DB Corp’s radio business comprises of the brand “My FM” Radio station in seven states and 17 cities. Like last quarter (Q1-2104), it’s radio business advertising revenue which contributed to less than four per cent to the overall revenue, grew by 14 per cent to Rs 17.5 crore in Q2-2014, against Rs 15.4 crore in Q2 -2013. Last quarter (Q1-2014), its radio business reported advertising revenue of Rs17.3 crore. DB Corp’s radio business in Q2-2014 achieved PAT of Rs 1.9 crore, lower by 21 per cent than the PAT reported for the immediate last quarter’s (Q1-2014) Rs 2.4 crore. Its radio business EBIDTA stands at Rs 5.6 crore in Q2-2014.

     

     Let us take a look the other Q2-2014 results of DB Corp

     

    Overall, revenue from advertising reported a growth of about 17 per cent in Q2-2014 to Rs 329.7 from Rs 282.6 crore in Q2-2013. Its advertising revenue for Q2-2014 was about 4.4 per cent lower than the Rs 344.7 crore reported in the preceding quarter Q1-2014.

     

    DBCL’s total expense for Q2-2014 at Rs 340.3 crore was 13.2 per cent more than the Rs 300.6 crore for Q2-2013 and 4.4 per cent higher than Rs 325.91 crore for Q1-2014. Increase in raw material cost and other expense were the major reasons for the increase in DBCL’s expense. Higher raw material consumption cost at Rs 150.36 crore in Q2-2014 was higher by 13.4 per cent as compared to Rs 132.54 crore in Q2-2013 and 5.1 per cent higher than Rs 143.06 crore in Q1-2014. Other expense at Rs 102.5 crore 17.8 per cent higher than the Rs 87 crore for Q2-2013 and was five per cent higher than Rs 97.7 crore in Q1-2014.

     

    DBCL reported EBIDTA for Q2-2014 at Rs 111.6 crore (margin at 25 per cent), against Rs 90.1 crore, in Q2 -2013, registering a growth of 24 per cent y-o-y. The company says that this factors one time preoperative expenses of Rs 2 crore on the launch of Akola, Amravati in Maharashtra and Patna in Bihar and impact of forex (foreign exchange) loss of Rs 4.763 crore. Excluding the forex gain/ loss, EBIDTA has grown 36 per cent y-o-y from Rs 85.3 crore to Rs 116.3 crore. DBCL’s EBIDTA margins stand at 26 per cent on a stand-alone basis at Rs 113.4 crore.

     

    The company reported PAT for Q2-2014 at Rs 60.2 crore against Rs 48.6 crore in Q2-2013, showing growth of 24 per cent y-o-y. The same factors one-time pre-operative expenses of Rs 2 crore for Akola-Amravati and Patna launch as well as forex loss of Rs 5.712 crore. Excluding forex gain/loss, PAT has grown 50 per cent y-o-y from Rs 43.9 crore to Rs 65.9 crore.

     

    Its Print business reported PAT at Rs 60.2 crore (14.3 per cent PAT margin), after considering forex loss of Rs 5.79 crore.

     

    DB Corp managing director Sudhir Agarwal said: “We maintain our brand equity and leadership position in all our major markets and have made noteworthy progress in our performance in emerging editions particularly in Maharashtra where we have been vigorously driving in-market execution. We continue to actively explore expansion opportunities, as this quarter we launched our 7th edition of Divya Marathi from Amravati – a region with significant potential – high literacy rate and a rapidly developing workforce. We are excited and look forward to another challenging launch of Dainik Bhaskar’s Patna edition, which is on the anvil for this fiscal. Our digital platforms have been reporting consistent growth driven by strong viewer engagement strategies.”

     

    “In the context of a variable economic operating environment, it has been our compelling focus on operational fundamentals that have guided us to consistently report healthy performance. We are of the view that the GDP growth seems to have bottomed out and in light of various steps taken to sharpen our execution strengths, DBCL continues to be well placed to capitalise on the consumption potential of the Tier 2 and 3 cities as we look towards an improved domestic economic environment,” he added.

  • DB appoints Pradeep Dwivedi as chief sales and marketing officer

    MUMBAI: Dainik Bhaskar has appointed Pradeep Dwivedi as chief corporate sale and marketing officer.

    Based in Mumbai, Dwivedi will report to Dainik Bhaskar Group MD Sudhir Agarwal.

    The post was vacant after Hemant Arora quit in September 2011 to head sales at Times Television Network.

    At Dainik Bhaskar Group, Dwivedi‘s role will be to develop media industry leadership for Dainik Bhaskar group by leading pan India corporate sales and marketing groups and driving growth and business transformation.

    He is responsible for business revenues, trade marketing and establishing the premium brand in the national market by developing and managing clients‘ relationships, media and advertising agencies.

    Prior to joining Dainik Bhaskar Group, Dwivedi was regional COO and SVP – enterprise business at Tata Teleservices. He had joined Tata Teleservices as General Manager – Customer Care in 2004. He had also worked with American Express Bank, Standard Chartered Bank and Eicher Motors.