MAM

DB Corp and its radio business report good performance in Q2-2014, H1-2014

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/mam-images/2015/10/20/DB%20Corp.jpg?itok=5uSE0UI4

BENGALURU: DB Corp Limited (DBCL), home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar reported a good result for Q2-2014 and (Half Yearly) HY1-2014. Its total revenue has shown a growth of approximately 16 per cent y-o-y to Rs 441.8 crore in Q2-2014 against Rs 382.3 crore of Q2-2013. However, its income from operations in Q2-2014 at Rs 434.07 crore was 2.7 per cent lower that the Rs 446.15 crore in the preceding quarter Q1-2014.  

Consolidated total revenue for HY1-2014 increased by 17 per cent to Rs 895.8 crore from Rs 763.8 crore in HY1-2013; Consolidated advertising revenue grew by 19 per cent in HY1-2014 to Rs 674.4 crore as against Rs 568.8 crore in HY1-2013.

DBCL achieved consolidated EBIDTA margin of 28 per cent in HY1-2014 at Rs 248.9 crore registering a y-o-y growth of 44 per cent. Consolidated PAT margin at 15 per cent at Rs 13.63 crore registered a growth of 48 per cent on y-o-y basis.

DB Corp’s radio business comprises of the brand "My FM" Radio station in seven states and 17 cities. Like last quarter (Q1-2104), it’s radio business advertising revenue which contributed to less than four per cent to the overall revenue, grew by 14 per cent to Rs 17.5 crore in Q2-2014, against Rs 15.4 crore in Q2 -2013. Last quarter (Q1-2014), its radio business reported advertising revenue of Rs17.3 crore. DB Corp’s radio business in Q2-2014 achieved PAT of Rs 1.9 crore, lower by 21 per cent than the PAT reported for the immediate last quarter’s (Q1-2014) Rs 2.4 crore. Its radio business EBIDTA stands at Rs 5.6 crore in Q2-2014.

 Let us take a look the other Q2-2014 results of DB Corp

Overall, revenue from advertising reported a growth of about 17 per cent in Q2-2014 to Rs 329.7 from Rs 282.6 crore in Q2-2013. Its advertising revenue for Q2-2014 was about 4.4 per cent lower than the Rs 344.7 crore reported in the preceding quarter Q1-2014.

DBCL’s total expense for Q2-2014 at Rs 340.3 crore was 13.2 per cent more than the Rs 300.6 crore for Q2-2013 and 4.4 per cent higher than Rs 325.91 crore for Q1-2014. Increase in raw material cost and other expense were the major reasons for the increase in DBCL’s expense. Higher raw material consumption cost at Rs 150.36 crore in Q2-2014 was higher by 13.4 per cent as compared to Rs 132.54 crore in Q2-2013 and 5.1 per cent higher than Rs 143.06 crore in Q1-2014. Other expense at Rs 102.5 crore 17.8 per cent higher than the Rs 87 crore for Q2-2013 and was five per cent higher than Rs 97.7 crore in Q1-2014.

DBCL reported EBIDTA for Q2-2014 at Rs 111.6 crore (margin at 25 per cent), against Rs 90.1 crore, in Q2 -2013, registering a growth of 24 per cent y-o-y. The company says that this factors one time preoperative expenses of Rs 2 crore on the launch of Akola, Amravati in Maharashtra and Patna in Bihar and impact of forex (foreign exchange) loss of Rs 4.763 crore. Excluding the forex gain/ loss, EBIDTA has grown 36 per cent y-o-y from Rs 85.3 crore to Rs 116.3 crore. DBCL’s EBIDTA margins stand at 26 per cent on a stand-alone basis at Rs 113.4 crore.

The company reported PAT for Q2-2014 at Rs 60.2 crore against Rs 48.6 crore in Q2-2013, showing growth of 24 per cent y-o-y. The same factors one-time pre-operative expenses of Rs 2 crore for Akola-Amravati and Patna launch as well as forex loss of Rs 5.712 crore. Excluding forex gain/loss, PAT has grown 50 per cent y-o-y from Rs 43.9 crore to Rs 65.9 crore.

Its Print business reported PAT at Rs 60.2 crore (14.3 per cent PAT margin), after considering forex loss of Rs 5.79 crore.

DB Corp managing director Sudhir Agarwal said: “We maintain our brand equity and leadership position in all our major markets and have made noteworthy progress in our performance in emerging editions particularly in Maharashtra where we have been vigorously driving in-market execution. We continue to actively explore expansion opportunities, as this quarter we launched our 7th edition of Divya Marathi from Amravati - a region with significant potential - high literacy rate and a rapidly developing workforce. We are excited and look forward to another challenging launch of Dainik Bhaskar’s Patna edition, which is on the anvil for this fiscal. Our digital platforms have been reporting consistent growth driven by strong viewer engagement strategies.”

“In the context of a variable economic operating environment, it has been our compelling focus on operational fundamentals that have guided us to consistently report healthy performance. We are of the view that the GDP growth seems to have bottomed out and in light of various steps taken to sharpen our execution strengths, DBCL continues to be well placed to capitalise on the consumption potential of the Tier 2 and 3 cities as we look towards an improved domestic economic environment,” he added.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/20/story%20%281%29.jpg?itok=VIElq1RO
Dentsu stories create HarperCollins books

HarperCollins India is celebrating 25 years in India through a film that celebrates books. The campaign consists of a film that shows the journey of a novel. The novel titled 'Journeys Never End’ exchanges hands through the film. Dentsu One, HarperCollins joined hands to create this beautiful film...

MAM Marketing MAM
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/20/asci%20%281%29_0.jpg?itok=UZWVPhZn
AYUSH-ASCI to regulate advertisements

Progressing with the impetus towards supporting co-regulation in advertising, the Ministry of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH) has signed an MoU partnering with the Advertising Standards Council of India (ASCI).

MAM Marketing MAM
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/20/shopclues-800x800.jpg?itok=JMeM8M6r
Mall wali quality, ShopClues wale prices

MUMBAI: ShopClues, one of India’s largest marketplace, is celebrating its fifth anniversary and it is doing so in an inimitable style between 19 and 26 January. After five years of success, which have seen ShopClues emerge as a prestigious Unicorn in India’s start-up landscape, the company is...

MAM Media and Advertising Ad Campaigns
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/19/db%20%281%29.jpg?itok=YMjHptsV
DB Corp's radio business numbers expand with network growth

DB Corp’s MY FM radio network now encompasses 26 live stations with the launch of nine new stations over the last two quarters of this fiscal (year ending 31 March 2017 or FY-17). DB Corp’s radio business revenue for the quarter ended 31 December 2016 (Q3-17, current quarter) increased 12.4...

MAM Marketing Brands
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/19/fcb%20%281%29.jpg?itok=bnPdV4pW
FCB Interface with Mahindra's 'joy of breaking free'

FCB Interface has launched a brand new campaign for Mahindra’s range of personal vehicles. Set to the tune of the original Live Young Live Free track from the first campaign, this film elevates it from a song to an anthem. Following is the link to the ad for your reference.

MAM Media and Advertising Ad Campaigns
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/19/amit_gujral.jpg?itok=sBmbhKyq
LG to patriots: #KarSalaam

MUMBAI: LG has launched the #KarSalaam initiative which aims to salute the spirit and sacrifices of the Indian soldiers to celebrate India’s upcoming Republic Day.

MAM Media and Advertising Ad Campaigns
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/19/AMIT%20WADHWA-RAJAN-800x800.jpg?itok=oIBJn_eJ
HT Media hires Dentsu Impact

MUMBAI: Dentsu Impact has won the creative duties for all brands from HT Media - including Hindustan Times, Hindustan (Hindi), Mint, Shine.com, HT Campus, Career Plus, Study Mate, English Mate and Bridge School of Management. With this move, Dentsu Impact becomes the prime strategic and...

MAM Media and Advertising AD Agencies
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/19/Ayyappan-Raj-800x800.jpg?itok=Tih3d0WE
Nomarks for guessing who's self-reliant

MUMBAI: Bajaj Nomarks has come out with its latest brand campaign that highlights the advantages of the skincare cream. The campaign, led primarily by a video film, touches upon the core point of the cream being a companion to women who often face multiple skin complaints, especially on the face....

MAM Media and Advertising Ad Campaigns
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/18/sabia.jpg?itok=UPFNUZeB
Madame Tussauds in India; WATConsult wins media mandate

WATConsult, one of India’s leading media agency, which is now a part of the Dentsu Aegis Network, has won the digital and social media mandate of the world-renowned wax museum, Madame Tussauds, which is soon to be launched in the capital city of India.

MAM Media and Advertising AD Agencies

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories