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  • Dainik Bhaskar Q4 net stays flat at Rs 454 mn

    Submitted by ITV Production on May 04
    indiantelevision.com Team

    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.

    Image
    Sudhir Agarwal
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