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Results
15-Aug-21
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Analysis
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D B Corp
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Sales up 45%, loss lower by 54%
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Consolidated sales for the quarter ended Jun 2021 was up 45% to Rs
304.26 crore with advertisement revenue up 60% to Rs 171.5 crore and
circulation was up by 19% to Rs 110.6 crore. With OPM stand at 0.5% against
negative 15.7% the operating profit was RS 1.41 crore against a loss of Rs
33.05 crore. The OI was down by 29% to Rs 3.72 crore, the interest was down by
22% to Rs 5.52 crore and the depreciation was down 4% to Rs 27.82 crore. At PBT
level it was a loss of Rs 28.21 crore, a fall of 56%. The taxation was down by 62%
to Rs 5.96 crore. Thus the PAT was down 54% to Rs 22.25 crore.
Yearly performance
Net sales (including other operating income) has declined 32% to Rs 1507.7
crore. Operating profit margin has slumped from 21.7% to 20.2%,
leading to 37% decline in operating profit to Rs 304.77 crore. Raw
material cost as a % of total sales (net of stock adjustments) decreased from
34.46% to 27.95%. Employee cost increased from 18.80% to 25.17%.
Other expenses rose from 25.08% to 26.66%. Other income
rose 16% to Rs 14.49 crore. Provision for interest fell 3% to Rs
24.31 crore. Provision for depreciation fell 5% to Rs 114.89
crore. Profit before tax shrink 48% to Rs 180.06
crore. Share of profit/loss were nil in both the periods. EO
income was Rs 13.19 crore against nil in previous year. The Company has reassessed its performance
royalty liability recorded in earlier years post the intellectual property
appellate board (IPAB) order and has accordingly written back Rs 13.194 crore. Thus PBT was down 44% to Rs 193.25
crore. Provision for tax was expense of Rs 51.83 crore, compared to Rs
73.19 crore. PAT was down 49% to R 141.42 crore. Minority interest
was nil in both the periods. Net profit attributable to owners of
the company decreased 49% to Rs 141.42 crore.
Other developments
Promoters’ stake was 71.81% as of Jun 30, 2021 compared to 71.81% as end
of 31 March 2021.
Promoters pledged stake was 16.4% as of Jun 30, 2021 compared to 24.3% as
of 31 March 2021.
D.B. Corp:Consolidated Results
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2106
(3)
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2006
(3)
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Var. (%)
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2103 (12)
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2003 (12)
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Var. (%)
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Sales
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304.26
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210.41
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45
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1507.70
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2223.83
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-32
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OPM (%)
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0.5
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-15.7
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20.2
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21.7
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OP
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1.41
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-33.05
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-104
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304.77
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481.51
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-37
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Other inc.
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3.72
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5.28
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-29
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14.49
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12.48
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16
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PBIDT
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5.13
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-27.78
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-118
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319.26
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493.99
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-35
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Interest
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5.52
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7.08
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-22
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24.31
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25.11
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-3
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PBDT
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-0.39
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-34.86
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-99
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294.95
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468.88
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-37
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Dep.
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27.82
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28.86
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-4
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114.89
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120.72
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-5
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PBT
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-28.21
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-63.72
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-56
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180.05
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348.16
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-48
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EO Income
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0.00
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0.00
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13.19
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0.00
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PBT after EO
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-28.21
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-63.72
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-56
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193.25
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348.16
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-44
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Tax
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-5.96
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-15.67
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-62
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51.83
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73.19
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-29
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PAT
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-22.25
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-48.05
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-54
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141.42
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274.98
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-49
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Minority Interest
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0.00
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0.00
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0.00
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0.00
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Net Profit
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-22.25
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-48.05
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-54
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141.42
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274.98
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-49
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EPS *
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#
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#
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7.5
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15.7
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* Not annualised due to seasonality
of business.
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*On current equity of Rs 174.961
crore. Face Value: Rs 10
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Var. (%) exceeding 999 has been
truncated to 999
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EO: Extraordinary items; LP: Loss to
Profit, PL: Profit to Loss
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