DB Corp's radio business has turned profit positive in four
years since launch.
company said the net profit from its radio business in the
third quarter ended 31 December rose 113 per cent to Rs 47
million from Rs 16.5 million a year earlier. Its revenue in
the third quarter grew 21 per cent to Rs 190.8 million from
Rs 156.7 million a year earlier.
Corp, publisher of leading Hindi daily newspaper Dainik Bhaskar,
said advertising revenues from its radio business grew 22
per cent to Rs 191 million in the third quarter from Rs 157
million a year earlier. Operating profit from DB Corps
radio business was Rs 73 million in the third quarter, up
68 per cent from a year earlier.
Corp's consolidated net profit in the third quarter grew 28
per cent to Rs 704 million from Rs 554 million a year earlier.
The company's consolidated operating profit grew by 25.1 per
cent in the quarter to Rs 1.23 billion from Rs 983 million
a year earlier.
company's consolidated revenues grew by 11.2 per cent to Rs
4.42 billion in the third quarter from Rs 3.98 billion a year
earlier. Its consolidated revenues from advertising rose 12
per cent to Rs 3.41 billion in the quarter from Rs 3.05 billion
a year earlier. The company's consolidated expenditure increased
to Rs 3.34 billion in the third quarter from Rs 3.13 billion
a year earlier.
Corp's net profit from print media business rose 21 per cent
to Rs 1.06 billion from Rs 872.1 million a year earlier. The
company has seen revenue from print media grow to Rs 4.16
billion in the third quarter from Rs 3.72 billion a year earlier.
companys advertising revenue from print media business
increased to Rs 3.18 billion in the third quarter from Rs
2.87 billion a year earlier, a rise of 11 per cent. Its circulation
revenue grew 16 per cent to Rs 729 million in the third quarter
from Rs 630 million a year earlier.
Corps operating profit margin from print media business
was 28 per cent at Rs 1.17 billion, after a foreign exchange
loss of Rs 36.1 million.
Corp managing director Sudhir Agarwal said, "Following
the past few quarters of sluggish economic growth and subdued
sentiment, I believe this quarter heralds better tidings on
the back of an improved economic environment that has also
spurred the momentum of media ad spend over the last few months
a trend that may continue.
continue to strengthen our internal capacities and resources
and remain optimistic about our progress in every region.
Our efforts in consolidating pan-India readership growth especially
in the recently launched areas of Jharkhand and Maharashtra
that are emerging strongly, and persistent cost rationalisation
is reflected in this quarters performance."