Q3 FY19: DB Corp reports a 13% growth in ad revenue, total revenue up by 11%

DB Corp Limited (DBCL), media company and publisher of Dainik Bhaskar, Divya Bhaskar, Divya Marathi, and Saurashtra Samachar today announced its financial results for the quarter and nine months ending on December 31, 2018. The group saw a 13 per cent YoY growth in advertising revenue as it grew from Rs 426.1 crore to 481.3 crore in FY-19.

DB Corp, in Q3 - FY- 9 registered a low single digit 3 per cent growth in circulation revenue while the total revenue went up from Rs 596.5 crore to Rs 661.6 crore (11 per cent) in the quarter that ended on December 31, 2018.

Performance highlights for Q3 - FY-19 Consolidated - All Comparisons with Q3 - FY-18:

Advertising Revenues reported growth of 13 per cent YoY to Rs 481.3 crore in the current period from Rs 426.1 crore

Circulation Revenue has increased 3 per cent YoY to Rs 130.1 crore from Rs 126.2 crore

Total Revenue has grown by 11 per cent to Rs 661.6 crore in the current period from Rs 596.5 crore

EBIDTA stands at Rs 141.7 crore (margin of 21.4 per cent) against EBIDTA of Rs 143.4 crore on the back of strategic cost rationalisation measures and despite high newsprint rates.

PAT stands at Rs 75.6 crore (PAT Margin 11.4 per cent) against Rs 78.1 crore (PAT Margin 13 per cent)

Radio business:

Advertising revenues expanded by 39 per cent YoY to Rs 46.5 crore in Q3 of the current period against Rs 33.4 crore in Q3 of the last fiscal.

Digital business:

Revenue for the quarter stood at Rs 14.1 crore as against Rs 15.4 crore for Q3 - FY-18.