DB Corp Q4 Review - Newsprint Price Hike To Restrict Ebitda Growth: ICICI Direct

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ICICI Direct Report

DB Corp Ltd.’s revenues fell 6.2% YoY to Rs 456.6 crore as prevailing Covid-19 situation continued to impact revenues.

Print and digital ad revenue dipped 5.9% YoY to Rs 281.2 crore while radio ad revenue also reported de-growth of 14.7% YoY to Rs 27.8 crore.

Circulation revenue fell 8.0% YoY to Rs 110.4 crore mainly due to lower circulation of copies.

Ebitda was up 53.3% YoY to Rs 101.1 crore while margins at 22.1% were up 860 basis points YoY.

Operating performance improved on the back of cost control measures and soft newsprint prices.

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