D. B. Corp. Limited Reports Unaudited Standalone and Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides CapEx Guidance for 2016
July 21, 2016 at 02:28 pm IST
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D. B. Corp. Limited reported unaudited standalone and consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, on consolidated basis, the company's total revenue reported growth of 19% at INR 5,745 million compared to INR 4,812 million a year ago. EBITDA was INR 1,853 million compared to INR 1,274 million a year ago. PAT was INR 1,040 million compared to INR 643 million a year ago. The company reported profit from operations before other income, finance costs and exceptional items was INR 1,600.67 million against INR 992.88 million a year ago. Profit from ordinary activities before tax was INR 1,607.84 million against INR 1,035.91 million a year ago. Profit from ordinary activities after tax was INR 1,039.56 million against INR 642.99 million a year ago. Net profit for the period was INR 1,039.56 million against INR 642.99 million a year ago. EPS before and after extraordinary items diluted was INR 5.64 against INR 3.50 a year ago.
For the quarter, on standalone basis, the company's total revenue reported was INR 5,745 million, EBITDA before pre-opex was INR 1,863 million and EBITDA after pre-opex was INR 1,863 million. The company reported profit from operations before other income, finance costs and exceptional items was INR 1,610.63 million against INR 999.80 million a year ago. Profit from ordinary activities before tax was INR 1,618.50 million against INR 1,042.59 million a year ago. Profit from ordinary activities after tax was INR 1,050.22 million against INR 649.67 million a year ago. Net profit for the period was INR 1,050.22 million against INR 649.67 million a year ago. EPS before and after extraordinary items diluted was INR 5.70 against INR 3.54 a year ago.
The company expected CapEx guidance for 2016 has been normal CapEx. There is no abnormal or external CapEx required. The company maintenance CapEx of around INR 200 million, INR 250 million would be the number in 2016 and plus radio or whatever comes in for the launches.
D.B. Corp Limited is an India-based print media company, which is engaged in the sale of newspapers and magazines, and advertisement revenue. The Company also has a presence in the radio and digital sectors. The Company's principal business activities include print, radio, and digital. The Print Business includes newspaper, magazines and printing job work. Its Magazines & Supplements include Aha! Zindagi, Bal Bhaskar, Young Bhaskar, Madhurima, Navrang, Kalash, Dharmdarshan, Rasik and Lakshya. The Radio Business includes the broadcasting of radio 94.3 my Frequency modulation (FM). Its brands in publishing business include Dainik Bhaskar (Hindi daily), Divya Bhaskar and Saurashtra Samachar (Gujarati dailies), Divya Marathi (Marathi daily) and DB Star. The Digital business includes the Websites dainikbhaskar.com, divyabhaskar.com, divyamarathi.com, homeonline.com, and moneybhaskar.com.
D. B. Corp. Limited Reports Unaudited Standalone and Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides CapEx Guidance for 2016