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DB Corp Ltd. is India's largest print media company that publishes 6 newspapers with Dainik Bhaskar 37 editions, Divya Bhaskar 7 editions, & Divya Marathi 7 editions with 199 sub-editions in 4 multiple languages (Hindi, Gujarati, English and Marathi) across 14 states in India.
Its flagship newspapers Dainik Bhaskar (in Hindi) established in 1958, Divya Bhaskar and Saurashtra Samachar (in Gujarati) have a combined average daily readership of 19.8 million, making it one of the most widely read newspaper groups in India with presence in Madhya Pradesh, Chhattisgarh, Rajasthan, Haryana, Punjab, Chandigarh, Himachal Pradesh, Uttrakhand, Delhi, Gujarat, Maharashtra, Jharkhand and Jammu.
June 2017 quarter results
D.B. Corp registered a 3% growth in consolidated sales to Rs 594.29 crore for the quarter ended June 2017.
Advertising Revenues reported growth of around 5% to Rs 433.6 crore, despite high base, continued demonetization impact and pre GST launch impact.
Circulation Revenue increased around 5% to Rs 123.4 crore primarily due to yield driven growth.
OPM stood steady at 31.5% which saw OP grow 3% to Rs 187.29 crore.
Other income grew 45% to Rs 5.96 crore. Interest income grew 20% to Rs 3.25 crore, liabilities write back fell 45% to Rs 31 lakh and miscellaneous income jumped 274% to Rs 3.38 crore.
Interest cost crashed 54% to Rs 1.56 crore.
After providing for depreciation (up 4% to Rs 21.90 crore), PBT grew 6% to Rs 169.79 crore.
Provision for taxation was up 5% to Rs 59.68 crore after which PAT grew 6% to Rs 110.11 crore.
FY 2017 results
In FY 2017, D.B. Corp registered 10% growth in consolidated sales to Rs 2258.01 crore.
OPM grew 240 basis points to 28.4% which saw OP grow 20% to Rs 642.20 crore.
Other income fell 30% to Rs 16.97 crore. Interest income fell 26% to Rs 11.54 crore, liabilities write back fell 40% to Rs 2.96 crore, and miscellaneous income fell 31% to Rs 2.47 crore.
Interest cost fell 46% to Rs 7.45 crore.
After providing for depreciation (up 1% to Rs 86.29 crore), PBT grew 23% to Rs 565.43 crore.
Provision for taxation grew 14% to Rs 190.68 crore after which PAT grew 28% to Rs 374.76 crore.
Radio business
Radio business advertising revenues expanded 11% to Rs 31.2 crore, despite high base.
EBIDTA stood at Rs 5.6 crore.
Valuation
The share Price trades at Rs 376
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