Pawan Agarwal - Deputy Managing Director, Girish Agarwaal - Non-Executive Director, P. G. Mishra - Group CFO, Rakesh Goswami -CGM (F & A) and P. K. Pandey - Head Investor & Media Relations addressed the meet.

D.B. Corp registered a 1% growth in consolidated sales to Rs 517.11 crore for the quarter ended March 2017. PBT fell 2% to Rs 95.04 crore. PAT grew 6% to Rs 64.19 crore.

Advertising Revenues was Rs 356.7 crore in current period from Rs 360.0 crore in Q4 of last fiscal. The month of March and April was better. If the trend continues FY 2018 will see growth in high single digits.

Circulation Revenue grew by 7% to Rs 121.7 crore, primarily due to yield driven growth. Largely, growth has come from mature market.

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. PBT grew 23% to Rs 565.43 crore. PAT grew 28% to Rs 374.76 crore.

Radio business advertising revenues expanded 11% to Rs 33.0 crore in March 2017 quarter.

EBIDTA stood at Rs 8 crore and EBITDA Margins stood at 24%.

PAT stood at Rs 3.2 crore having PAT margin of 10%.

Digital business revenue grew 19% to Rs 14.2 crore.

FY 2017 was the one that tested resilience, but the management were pleased with the final culmination having achieved some significant operating milestones.

Second half performance was impacted by demonetization.

Month of April was very good for the company but the month of May was not so good so the management is confused with this and is unable to understand the same.

It ended FY with 52 lakh copies. The company should be able to add couple of lakh copies in FY 2018.

Circulation gross realization per copy was Rs 3.96 and net realization was Rs 2.75

Things have not fully recovered from demonetization. Punjab and Jharkhand are performing below expectations after demonetization.

Real Estate was further impacted due to Rese.

Automobile and education will see strong double digit growth in FY 2018.

FMCG is expected to be positive this year as some advertisers who were not yet advertising have started to make inquires,

Patanjali has been advertising with the company since past 2 years but it has increased significantly in the last 8 months.

Newsprint cost has increased by 6.7%. in the quarter. It grew 4.5% in FY 2017. Average pagination fell from 22.29 to 21.29. There is no avenue to cut pagination more.

Newsprint impact could be at the most 2-3% going forward if the price rises. This is without factoring GST impact.

In digital business the compact is increasing unique visitors (which is 91 million currently) and not sales or profit.

Consumer durable took a beating the March 2017 quarter but it grew by double digit for FY 2017.

March 2017 quarter was bad or retail segment also.

The company maintained focus on editorial strategy on how it can best leverage its largest network of journalists across media and languages platform.

Equipping the network of journalists with training and focusing on smaller centers, late night news reporting are initiatives that led to significant improvement in quality and growth.

The company launched Dainik Bhaskar in Surat successfully and catered to the city's non-Gujarati speaking audience from Day 1 itself which is about 50% of city population of 58 lacs.

MY FM became the fastest radio company to roll out all 13 newly acquired stations expanding presence in 7 states across 30 cities.

Its digital business continues to focus on strengthening viewer engagement reporting significant growth in unique visitors and page views.

Management is evaluating different efficient avenues for distribution of income.

India has been witnessing a strong demographic shift in the rural population over the last few years. Dainik Bhaskar's Unmetro initiative continues to unearth this potential since consumer groups in these regions have become a significant pool with changing tastes and preferences.

Literacy levels across states have been growing which has continued to initiate new readers.

Besides the eight large metros, 42 new and emerging urban clusters have transformed into consumption hubs.

This is aligned to Dainik Bhaskar's Unmetro endeavour which it had already started exploring a few years ago.

Now the company has expanded its presence to about 50% of these new consumption clusters.

On an overall basis, impact of the currency purge undertaken by the Government, seem to be easing out on consumption.

The outlook for a normal and healthy monsoon season and the impending GST implementation are positive signals for FY 2018.

Dainik Bhaskar has been ranked as the world's fourth largest circulated news daily by WAN

IFRA (World Association of Newspapers and News Publishers).

Dainik Bhaskar is the only Indian language news daily to feature amongst the world's top 5 most circulated newspapers.

Higher focus on smaller centres is expected to boost growth.

The company's effort to reach out to last-mile journalist is reflected through growing number of copies.

The company is generating equal focus on digital platform. It is keeping readers engaged 24X7 through digital content.

It has successfully tapped existing potential amongst Surat's non-Gujarati speaking

Multicultural, industrialised households who have migrated from neighbouring states like Rajasthan, NCR, Punjab, Haryana UP, Bihar, Jharkhand and Uttrakhand.

Its radio business became the largest player in Rest of Maharashtra & continues to be No. 1 in Chandigarh, Haryana, Punjab, Rajasthan, Madhya Pradesh & Chhattisgarh.