Television

DB Corp y-o-y PAT up 53 per cent; radio business revenue up 25 per cent

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2014/01/17/Financial.jpg?itok=ErbrEpFv

BENGALURU: DB Corp Limited (DBCL), home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar reported good standalone results for Q3-2014 (Quarter ended December 31, 2013). Its overall PAT for Q3-2014 at Rs 94.83 crore grew by a healthy 30.7 per cent from the Rs 72.55 crore for the corresponding quarter of last year and grew by 52.7 per cent as compared to the Rs 62.12 crore during the immediate trailing quarter.

Consolidated PAT for Q3-2014 grew by about 34 per cent y-o-y at Rs 94.5 crore (PAT margin 18 per cent) against Rs 70.6 crore (PAT margin 15.9 per cent) in Q3 of last year. This increase in PAT factors onetime pre-operative expense of Rs 4.47 crore for Patna-Bihar new launches as well as forex gain of Rs 1.302 crore.

DBCL radio business revenue for Q3-2014 at Rs 23.82 crore was 24.85 per cent higher than the Rs 19.08 crore for Q3-2013 and was 38.8 per cent more than the Rs 17.09 crore for Q2-2014. The segment showed almost double  (1.84 times) the positive result at Rs 8.51 crore for Q3-2014 as compared to the Rs 4.62 crore for Q3-3014 and more than triple (3.34 times) the Rs 2.54 crore for Q2-2014.

DBCL’s radio business advertising revenues have expanded by about 25 per cent y-o-y to Rs 23.9 crore in Q3-2014, against Rs 19.2 crore in Q3 of 2013.

The company has shown reduced Capital Employed (Segment assets - Segment liabilities) for its radio business during Q3-2014 at Rs 48.14 crore which was 20.3 per cent lower than the Rs 57.92 crore in Q3-2013 and almost flat as compared to the Rs 47.83 crore for Q2-2014.

Let us look at the other numbers reported by DBCL for Q3-2014

The main major contributor to revenue in the case of DB Corp is Printing and Publishing of Newspaper and Periodicals. This segment showed revenue of Rs 488.63 crore for Q3-2014, up 17.2 per cent as compared to the Rs 416.83 crore y-o-y and up 17.4 per cent q-o-q as compared the Rs 416.16 crore for Q2-2014. This segment showed improved positive results for Q3-2014 at Rs 135.7 crore for Q3-2014, 25 per cent more than the Rs 108.2 crore for Q3-2014 and a whopping 42 per cent more than the Rs 95.6 crore for Q2-2014.

Capital Employed (Segment assets - Segment liabilities) by the Printing and Publishing of Newspaper and Periodicals segment at Rs 1394.62 crore during Q3-2014 was 18 per cent higher than the Rs 1181.51 crore for Q3-2013 and 4.3 per cent more than the Rs 1294.46 crore for the immediate trailing quarter.

The other revenue segments in the case of DBCL are events, internet and power, with all the three showing a combined revenue of about Rs 6.47 crore and combined negative segment result of Rs 2.53 crore.

Total standalone expense for Q3-2014 at Rs 373.04 crore was 13.7 per cent more than the Rs 328.41 crore for Q3-2013 and 9.8 per cent more than the Rs 340.3 crore for the immediate previous quarter with two expense heads showed a major increase as compared to the other expense heads.

The company saw a 19.6 per cent rise in raw material consumption to Rs 172.41 crore in Q3-2014 as compared to the Rs 144.13 crore y-o-y and 14.7 per cent more than the Rs 150.34 crore q-o-q.

Other expense for Q3-2014 at Rs 1,126.4 crore was 12.8 per cent more than the Rs 99.81 crore for Q3-2013 and 9.9 per cent more than the Rs 102.49 crore for Q2-2014.

The company’s total consolidated revenue has shown a growth of about 19 per cent y-o-y to Rs 525.4 crore in Q3-2014 against Rs 442.9 crore of Q3 of last fiscal.

The company reported a growth in revenue from advertising by 18.2 per cent y-o-y Rs 403.5 crore in Q3-2013 from Rs 341.2 crore in Q3 last fiscal. DBCL says that excluding barter and private treaty, its billing in Q3-2014 of both years, ad growth is 20.5 per cent.

DB Corp managing director Sudhir Agarwal said, “We are pleased with the good start to this year as we report a healthy performance in the third quarter. As we continue to maintain a pragmatic approach towards operational controls and higher efficiency, we have also been closely focusing on studying the marketing strategies of niche brands in Tier 2 and 3 cities that have echoed our confidence in the potential of these regions. This quarter we have seen strong focus from brands of FMCG, apparels, real estate, automobiles & government that have ramped up their respective marketing thrusts in these regions.

While, we have achieved commendable growth in legacy markets, due to our relentless focus and ability to provide a differentiated product, we are excited with our progress in newer regions of Jharkhand, Maharashtra and now Bihar. We are set to launch in Patna- State of Bihar on 18th January ‘2014 which is of strategic importance for DBCL – the region being one of India’s most dynamic and developing states.

Click below for:

DB Corp’s Financial Results

DB Corp’s Financial Release

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/21/Jennifer%20Zaldivar-Clark.jpg?itok=CS2eHKz9
Viacom expands Zaldivar-Clark's role as Paramount SVP - talent

MUMBAI: Viacom Inc. has announced the appointment of Jennifer Zaldivar-Clark as the senior vice president of talent for Paramount Network. In this expanded role, Zaldivar-Clark will oversee Paramount Network’s newly formed talent function and will continue to serve as the SVP of Talent and...

Television TV Channels People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/21/Sandeep%20Gurumurthi_2.jpg?itok=ZejRgvl6
Strong economic logic underpins several events, says Gurumurthi, as ET Now adds new viewer category

Times Network’s business news channel ET Now recently added general news to its coverage. It has broadbased itself in an attempt to offer holistic news for business, hoping to shape the discourse of politics, governance, technology, markets, business and economics in India. The strategy, as Times...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/20/natgeo-dd.jpg?itok=8e3wWIqm
Discovery-like Doordarshan channel recommended to environment ministry

MUMBAI: Doordarshan’s experiments with specialised channels aimed at various sectors did not see the outcome on expected lines. It may, however, come up with a 24×7 channel dedicated to an issue. The third National Wildlife Action Plan (NWAP), effective till 2031, has recommended setting up 'DD...

Television TV Channels Terrestrial
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/19/Sunita_Uchil_0.jpg?itok=xmMsZu2i
Zee Content Hub originals slate for DISCOP SA: First Indian-African drama, lifestyle and factual programmes offered

MUMBAI: Global Content Hub by Zee – the syndication division of Zee Entertainment Enterprises Limited (ZEEL) -- announced its new, original programmes for licensing at the upcoming DISCOP market, in Johannesburg on 25-27 October. Highlights of this year’s portfolio include the new Indian/African...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/18/kids.jpg?itok=NRJKgGmR
Kids channels ensure strong lineup for Diwali season

Kids channels will hope to grab more eyeballs during Diwali, which also happens to be vacation time for most schools.

Television TV Channels Kids
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/18/leela.jpg?itok=A8io70Ro
Sony Yay! associates with 'Animals Matter To Me' to make this Diwali ‘Pawesome’

Animals play an integral role in our lives, always showering us with love no matter what. However, in return we humans rarely reciprocate their love.

Television TV Channels Kids
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/18/purie.jpg?itok=FVJ9-hkm
India Today's Purie says new vice chairperson Kalli has ability to straddle edit and biz functions

India Today Group, which runs news channels -- India Today and Aaj Tak, on Tuesday, named Kalli Purie as the vice chairperson.

Television TV Channels People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/18/zarbi.jpg?itok=nnbWTo_-
How to build wealth, invest safely: BTVI Conclave telecast tonight

BTVI, an English business news channel, hosted an on-ground version of their successful investment knowledge show Call BTVI. The on-ground ‘Call BTVI Conclave 2017’ saw eminent personalities coming together to articulate their views on the Indian financial market. Tune into BTVI to catch the Call...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/18/aparna.jpg?itok=z2yDrydV
Sony Pictures Television signs first output feature film pay TV deal with ZEEL

Zee Entertainment Enterprises and Sony Pictures Television (SPT) have announced that the duo has entered into the first pay features deal.

Television TV Channels GECs

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories