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DB Corp Ltd. is India's largest print media company that publishes 6 newspapers with Dainik Bhaskar 46 editions, Divya Bhaskar 9 editions & Divya Marathi 6 editions with 208 sub-editions in 4 multiple languages (Hindi, Gujarati, Marathi and English) across 12 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 us one of the most widely read newspaper groups in India with presence in Madhya Pradesh, Chhattisgarh, Rajasthan, Haryana, Punjab, Chandigarh, Himachal Pradesh, Delhi, Gujarat, Maharashtra, Bihar and Jharkhand.
June 2018 quarter results
D.B. Corp registered a 7% rise in consolidated sales to Rs 632.38 crore for the quarter ended June 2018.
Circulation revenue increased 10.3% to Rs 134.5 crore primarily due to volume driven growth
Advertising revenues grew 5% to Rs 454.9 crore.
OPM fell 490 bps to 26.6% which saw OP fall 10% to Rs 168.03 crore.
Other income fell 2% to Rs 6.84 crore and interest cost grew 13% to Rs 1.76 crore. After providing for depreciation, (up 11% to Rs 24.34 crore), PBT fell 12% to Rs 148.77 crore. Provision for taxation was down 14% to Rs 51.20 crore after which PAT fell 11% to Rs 97.57 crore.
FY 2018 results
For FY 2018, D.B. Corp registered a 3% growth in consolidated sales to Rs 2328.49 crore.
OPM fell 420 bps to 24.2% which saw OP fall 12% to Rs 563.76 crore.
Other income grew 40% to Rs 23.75 crore and interest cost fell 10% to Rs 6.70 crore. After providing for depreciation (up 7% to Rs 92.35 crore), PBT fell 14% to Rs 488.46 crore. Provision for taxation was down 14% to Rs 164.49 crore after which PAT fell 14% to Rs 323.97 crore.
Valuation
The stock trades at Rs 258
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