Db corp pat drops by 13.6% to rs 3240 million in fy18 database url

DB Corp has registered 13.6% drop in profit after tax (PAT), which has fallen to Rs 3240 million in FY18 from Rs 3748 million in FY17. The advertising revenues grew by 3% YOY to Rs 16425 million in current period as against Rs 15973 million last year.

• EBITDA during Q4 FY 2018 stands at Rs 1051 million (margins 18%) vis-a-vis Rs 1173 million (margin 22%); after considering forex loss of Rs 9.9 million. Further, excluding impact of circulation expansion-related one-off expenditure, EBIDTA growth would have been in mid-single digit.

• Consolidated PAT stands at Rs 571 million, as against Rs 642 million reported during Q4 FY17, after considering forex loss of Rs 16.4 million. Further, excluding circulation expansion strategy-related one-off expenditure, PAT would have seen double-digit growth.


• EBIDTA for current fiscal stood at Rs 5875 million (margin 25%); against EBIDTA of Rs 6592 million (margin 29%) reported during FY17. Further, excluding circulation expansion-related one-off expenditures and previous year’s non-recurring gains on account of private treaty business deals and music royalty reversal of Radio business, our EBIDTA has registered growth YOY.

• PAT stood at Rs 3240 million (PAT Margin 14%), against Rs 3748 million (PAT Margin 16%), delivered in FY17, after considering forex loss of Rs 7.5 million. Further, excluding circulation expansion-related one-off expenditures and previous year’s non-recurring gains on account of private treaty business deals and music royalty reversal of Radio business, our PAT has registered high single-digit growth YOY.

Sudhir Agarwal, Managing Director, DB Corp, said, “Our performance in the fourth quarter has reflected a culmination of all efforts we have been under taking over the last one year in implementing editorial and circulation expansion strategies. As evident, both have played out their complementary roles and we have reported significant circulation-led growth. Our focus markets remains the same in Gujarat, Bihar and Rajasthan and we are working hard to further increase our circulation in markets we already enjoy a strong dominance, including MP, CG, Haryana and Chandigarh. A key aspect of our circulation strategies have been the strong reader engagement initiatives that helped in expanding our markets and attracting new readers. Through these efforts, we have been successful in also attracting the right profile of audiences in NCCS A and B categories also benefiting our advertisers. Our stringent business processes are ensuring that all our resources are prudently utilised, and through capabilities in technology, we have ensured that every team’s efficiency and productivity is at their best. The non-print businesses are also well synergised and strongly complement the overall package to advertisers and brands. At a broader level, all fundamental business growth drivers are in place which positions us well to capitalise on emerging industry opportunities. The positive outlook on India reflected by global institutions is providing a strong impetus to the positive sentiment on-ground that signals a better new fiscal ahead.”

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