DB Corp Limited (DBCL) circulation revenue increased YoY to 16%

Performance highlights for Q2 FY 2015-16 Consolidated Q2 FY 2015-16:

Corp Limited (DBCL), India’s largest print media company and home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Divya Marathi and Saurashtra Samachar, today announced its financial results for the second quarter and half year ended September 30, 2015. The highlights of the Company’s operational and financial performance are as follows: 

 Total Revenues stands flat at Rs. 4837 million, as against Rs. 4838 million 

 Circulation Revenue has increased YoY 16% to Rs. 1057 million from Rs. 915 million, primarily due to yield driven growth, largely coming from Mature markets

 In Q2 FY16, in our mature markets (other than Jharkhand, Bihar & Maharashtra) , our Circulation revenue grew by 14.8 % YoY and net realization grew by 13.6% YoY, post implementation of strategy to drive yield growth

 Advertising Revenues stands at Rs. 3433 million as against Rs. 3610 million, in Q2 last fiscal, lower also due to impact of difference in Navratri Festival dates vs. qtr 2 of last year

 DBCL achieved EBIDTA Margins of 24% at Rs. 1171 million from Rs. 1271 million of last year, after factoring forex loss of 15.6 million and Bihar launch related preoperative expenditure of Rs.27.7 million

 PAT margin stands 12%, at Rs. 591 million against Rs. 681 million, after factoring forex loss of 29.2 million and Bihar launch related preoperative expenditure of Rs.27.7 million

 Radio business ad revenue grew by 5.2% YoY to Rs. 240 million from Rs. 228 million in Q2 of last fiscal

 Radio business EBIDTA stands at Rs.80.3 million (EBIDTA margin 33.4%)  Radio business PAT stands at Rs. 40 million (PAT margin 16.5%)

 Digital Media DB Digital ad revenue grew by 82% to Rs. 114 million from Rs. 63 million of last year

 Digital Media DB Digital Unique Visitors grew impressively YOY to 40 million from 14 million in last fiscal H1 FY 2015 – 16

 Consolidated Total Revenues stands at Rs. 9639 million, as against Rs. 9825 million

 Consolidated Advertising Revenues stands at Rs. 6855 million as against Rs. 7340 million during H1 last year

 DBCL achieved consolidated EBITDA margins of 25.5% in H1 FY 2016 at Rs. 2457 million after considering forex loss of Rs. 25.4 million and Bihar launch related preoperative exp. of Rs. 51.3 million

 Consolidated PAT margin is 13% at Rs. 1256 million, after considering forex loss of Rs. 47.5 million and Bihar launch related preoperative exp. of Rs. 51.3 million Press Release Mumbai, DB. 

 

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