DB Corp Limited (DBCL), the print media company and home to flagship newspapers – Dainik Bhaskar, Divya Bhaskar, Divya Marathi and Saurashtra Samachar, announced its financial results for the quarter ended June 30, 2024.
Performance highlights for Q1 FY2025 – Consolidated [All Comparisons with Q1 FY2024]
- Advertising Revenue grew by 8.4% to Rs. 4277 million as against Rs. 3,946 million.
- Circulation Revenue stands at Rs. 1192 million as against Rs. 1,199 million
- Total Revenue grew by 7.4% to Rs. 6163 million as against Rs. 5,736 million.
- EBIDTA grew by 40.4% to Rs. 1909 million as against Rs. 1,359 million aided by Advt revenue Growth with effective cost control measures, & also helped by softening newsprint prices. EBIDTA margin expanded by 700 basis points to 31% from 24% last year
- Net Profit grew by 49.7% YOY to Rs. 1179 million as against Rs. 788 million.
- Radio business:
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- Advt Revenue grew by 6.2 % YOY at Rs 386 million versus Rs. 364 million
- EBIDTA grew by 14.2% YOY to Rs. 132 million versus Rs. 115 million
Commenting on the performance for Q1 FY2025, Sudhir Agarwal, Managing Director, DB Corp Ltd, said, “As we enter Fiscal 2025, Dainik Bhaskar has demonstrated resilience and strength. Our first quarter results are particularly impressive considering the dip in Govt billing due to the election code of conduct. We are maintaining our growth trajectory across our Print, Radio, and Digital platforms, underscoring the robustness of our omni- channel strategy and the underlying demand for our media offerings. Our Digital platform with currently 18 million MAUs is a powerful pillar of growth.
“The editorial excellence, continued broad-based support from advertisers and the strong economic growth of our key markets provides us a strong platform. As India’s economic landscape continues to evolve post-elections, we’re well-positioned to capitalize on new opportunities, further cement our market leadership, and deliver enhanced value to our stakeholders,” Agarwal added.
