BENGALURU: DB Corp, home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar, announced solid financial results for the first quarter ended 30 June 2013 with a 74 per cent year on year (YOY) growth in PAT at Rs 76.1 crore in Q1-2014 against Rs 43.7crore in Q1-2013. Total consolidated revenues grew by 19 per cent in Q1-2014 to Rs 453.9 crore from Rs 381.5 crore in Q1-2014.

Its radio business revenues, which contributed less than four per cent to the overall revenues, increased from Rs14.1crore in Q1-2013 to Rs. 17.3 crore in Q1-2014, a 22 per cent growth, due to improved advertising revenues says the company.

Overall, the company reported a growth of about 21 per cent YOY from advertising revenues to Rs 344.7 crore in Q1-2014 from Rs 286.2 crore in Q1 of last fiscal. 

Lets? take a look at Q1 FY 2013-14 financial results:

As mentioned earlier, DB Corp?s overall PAT grew by a solid 74 per cent YOY with PAT margins expanded to approximately 17 per cent to Rs 76.1 crore in Q1-2014 against Rs 43.7 crore (11.4 per cent margin) in Q1-2013. The Q1-2014 PAT factors a one-time preoperative expense of Rs 87 lakh for the Akola edition launch of its Divya Marathi publication, as well as a Forex loss of Rs 3.664 crore.

DB Corp?s total consolidated revenues expanded by 19 per cent to Rs 453.9 crore from Rs 381.5 crore on account of:

The company reported a net increase in print business total revenue of Rs 68.8 crore in Q1 FY 2014 on YOY basis. Advertising revenues increased to Rs 325.3 crore from Rs 270.1 crore, reflecting a growth of about 21 per cent YOY basis.

Circulation revenues grew YOY to Rs 76.7 crore from Rs 65.6 crore, at 17 per cent YOY

Print business EBIDTA margins stood at 31.2 per cent at Rs 135.1 crore. (This figure factors marketing and launch related expenses of around Rs 87 lakh in Q1-2014 for Maharashtra launch which have been booked in the revenue account, instead of capitalising or deferring the outlay for future quarters, considering the long term impact of these expenditures says the company. The same also considers Forex loss of Rs 2.532 crore.)

Print business PAT for Q1-2014 stood at Rs 76.8 crore (17.7 per cent PAT margin) - print business mature editions EBIDTA margin stood at Rs 141 crore (about 36 per cent).

As mentioned earlier, the company had a net increase of Rs 3.1 crore in revenues from the radio segment in Q1-2014 on YOY basis.  Revenues increased from Rs14.1 crore (Q1-2013) to Rs 17.3 crore (Q1-2014) due to improved advertising revenues. Radio business EBIDTA expanded to Rs 5.1 crore (about 29.4 per cent margin) in Q1-2014. Radio business PAT expanded to Rs.2.4 crore (about 14 per cent margin) in Q1-2014.

DB Corp managing director Sudhir Agarwal said, ?We are happy to report a strong performance in the first quarter of this fiscal that has sustained our expansion momentum. We have maintained our brand equity and leadership position in all our legacy markets as we also continue to demonstrate good growth in our emerging editions. Our new edition in Akola - a city with great potential, widens our presence in Maharashtra which allows us to offer greater reach to our corporate partners and a much more customised media solution. This quarter we also directed our efforts to further strengthen our deep relationships and inroads with our agency partners who have identified us as their preferred media due to our growing all-India readership base. Additionally, our exclusive tie-ups with leading international publications like HBR and Time Magazine, undertaken to enrich the content quality of our product, are already showing great results making a meaningful impact in the readership base, especially of SEC A & B categories.?

?On a macro level, we continue to maintain a sharp focus on cost efficiency and operational controls that have again played an important role in this quarter?s performance. We are very closely mapping the growth potential of Tier 2 & 3 towns across India - the socio-economic structures, demographics, marketing trends of various categories, marketing spends of these regions and their growth prospects. The untapped existing potential continues to greatly excite us. We are confident of our business growth strategies to monetise these opportunities and truly create high value by being very active socio-economic change agents,? he added.

MUMBAI: DB Corp?s radio business has turned profit positive in four years since launch.

The 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.

DB 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 Corp?s radio business was Rs 73 million in the third quarter, up 68 per cent from a year earlier.

DB 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.

The 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.

DB 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.

The company?s 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.

DB Corp?s 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.

DB 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.?

"We 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 quarter?s performance."

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.