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MUMBAI:
DB Corp, the publisher of Dainik Bhaskar, has posted a consolidated
net profit (after minority interest) of Rs 454.06 million
for the last quarter of the fiscal ended 31 March 2012.
The
company’s net profit has stayed almost flat compared
to the corresponding quarter of the previous fiscal (449.97
mn).
During
the quarter, the company's total income from operations grew
by 13.63 per cent to Rs 3.61 billion, from Rs 3.17 billion
a year ago.
Revenues
from advertising grew by 5.4 per cent to Rs 2.63 billion,
from Rs 2.49 billion in the earlier year. Circulation revenues
grew 16 per cent to Rs 620 million from Rs 534 million.
The
company’s expenditure jumped 19.68 per cent to Rs 2.98
billion in the fourth quarter of FY'12 as against Rs 2.49
billion in the corresponding quarter of last fiscal.
DB
Corp MD Sudhir Agarwal said, “On an overall basis, this
final quarter has been in step with the momentum we set off
at the start of this fiscal - focus on strategic expansions
and consolidation. Over the year, DBCL accomplished roll out
in major markets of Maharashtra by launching 5 new editions
from Aurangabad, Nashik, Jalgaon, Ahmednagar and most recently
in 04 — launch of Sholapur edition.
“With
all new region expansions and launches under way, our strategic
focus now is to enhance monetisation and to fully capitalise
on our leadership in all markets. Innovation, market development
and relentless focus on execution — have been three important
pillars of our growth strategy that have enabled us to deliver
one of the most consistent and strong financial performances
across the Indian print media space, in spite of 2012 being
a challenging year for the industry.”
From
the print business, the company’s net profit stood at
Rs 448 million with Ebidta margins at 21.2 per cent with Rs
726 million.
The
company’s radio business, which runs My FM, turned positive
on the PAT level with a net profit of Rs 25.5 million. The
Ebitda stood at Rs 52.4 million, while advertising revenues
grew 10 per cent to Rs 146.4 million, from Rs 133.1 million
a year ago.
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