D.B.CORP LTD -RESULTS - FOR Q3 FY 2012-13 - Q E DEC, 2012 - TOTAL REVENUES UP 11.2%YoY; PAT UP 28% YoY

D.B.CORP LTD

Performance highlights

Q3 FY 2012-13 & 9M FY 2012-13

Consolidated Q3 FY 2013

􀃓 Revenues from advertising reported a growth of 12% YOY to Rs. 3412 million in current period from Rs. 3059 million in Q3 of previous year

􀃓 Total Revenues have grown by 11.2% YOY to Rs. 4427 million in Q3 FY 2013 against Rs.3980 million of Q3 FY 2012

􀃓 EBIDTA has grown by 25.1% for the quarter at Rs. 1230 million (28% Margin), against Rs.983 million (24.7% Margin), in Q3 FY 2012. Further, the same includes Forex loss of Rs.36.06 million, as per the latest revised schedule VI requirement

􀃓 PAT has grown by 28% for the quarter at Rs. 706 million(16% Margin) as against Rs. 554 million in Q3 FY 12, (Margin 13.9%)

􀃓 Stand Alone EBIDTA stands at Rs. 1245 million (EBIDTA margin at 28.4%)

􀃓  Mature Market EBIDTA Margin stands at 33.2% in Q3 FY 2013

􀃓 EPS for Q3 FY2013 came in at Rs. 3.85 as compared to Rs. 3.02 in the same period last year

􀃓 Radio business: Advertising revenues have shown a robust growth of 22% to Rs. 191 million in Q3 of current period, against Rs. 157 million in Q3 of last fiscal

􀃓 Radio business EBIDTA stands at Rs. 73 million (38.3%margin), 68% YOY Growth.

􀃓 Radio Business PAT at Rs. 47 million (24.5% margin) in Q3 FY 2013, with 113% YOY growth.

􀃓 Digital Business continues to register impressive growth with ad revenue touching almost 100% growth in Q3 YOY, on the strength of continuous impressive high volumes of unique visitors (UV) and page views per month

9M FY 2012-13:

􀃓 Consolidated Total Revenues have increased by 8.6% to Rs. 12064 million from Rs. 11113 million in last fiscal

􀃓 Consolidated Advertising Revenues grew by 5.2% to Rs. 9100 million from Rs. 8651 million in the period under review

􀃓 DBCL achieved Consolidated EBIDTA Margins of 24.4% in 9M FY2013 at Rs. 2943 million, as against Rs. 2768 million in the last fiscal, demonstrating a growth of 6.3% 

􀃓 Consolidated PAT has expanded to Rs. 1629 million (13.5% margin) , from Rs. 1567 million (14.1%), up by 4% on a YOY basis

Q3 FY 2013 financial results highlights:

(comparisons with Q3 FY 2012)

􀂾 Total Consolidated Revenues have expanded by 11.2% to Rs. 4427 million from Rs. 3980 million on account of:

􀂋 Net Increase in print business Total Revenue of Rs. 419 million in Q3 FY 2013 on YOY basis

• Advertising revenues increase to Rs. 3184 million from Rs. 2872 million, reflecting a growth of 11% YOY basis

• Circulation revenues grew YOY to Rs. 729 million from Rs. 630 million, at 16% YOY

􀂋 Net increase of Rs. 34 million in revenues from radio segment in Q3 on YOY basis

• Revenues increased from Rs.157 million to Rs. 191 million due to improved advertising revenues

􀂙 Print business EBIDTA margins stand at 28% at Rs. 1170 million. The same factors Forex loss of Rs. 36.1 million.

􀂙 Print business PAT stands at Rs.678 million (16.2% PAT margin)

􀂙 Print Business Mature editions EBIDTA margin stand at 33.2%

􀂾 Radio business has achieved PAT positive status in 4 years of launch – signifying the fastest PAT break even by any radio company in India.

o Continues to demonstrate good progression – reports 22% growth this quarter supported by a robust EBITDA growth of Rs. 30 million (68%) in Q3 on YOY basis

o The Radio business has also been steadily strengthening its brand presence:

About DB Corp Ltd

D B Corp Ltd. is India’s largest print media company that publishes 8 newspapers with 65 editions, 199 sub-editions in 4 multiple languages (Hindi, Gujarati, English and Marathi) across 13 states in India. Its flagship newspapers Dainik Bhaskar (in Hindi) , Divya Bhaskar and Saurashtra Samachar (in Gujarati) have a combined average daily readership of 19.60 million have presence in Madhya Pradesh, Chhattisgarh, Rajasthan, Haryana, Punjab, Chandigarh, Himachal Pradesh, Uttrakhand, Delhi, Gujarat, Maharashtra, Jharkhand and Jammu. Its other noteworthy newspaper brands are Dainik Divya Marathi, Business Bhaskar, DB Gold, DB Star and, DNA (in Gujarat, Rajasthan & MP) on a franchisee basis.

The company’s other business interests also span the radio segment through the brand "My FM" Radio station with presence in 7 states and 17 cities, and a strong online presence in internet portals.

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