DB Corp. Limited Reports Consolidated and Standalone Earnings Results for the Third Quarter and Consolidated Earnings Results for the Nine Months Ended December 31, 2012
January 21, 2013 at 04:01 am EST
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DB Corp. Limited reported consolidated and standalone earnings results for the third quarter and consolidated earnings results for the nine months ended December 31, 2012. For the quarter on consolidated basis, the company reported total revenues have grown by 11.2% year on year to INR 4,427 million against INR 3,980 million of third quarter of fiscal 2012. EBIDTA has grown by 25.1% at INR 1,230 million (28% Margin), against INR 983 million (24.7% Margin), in third quarter of fiscal 2012. Total income from operations was INR 4,388.82 million against INR 3,948.51 million for the same period a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,949.63 million against INR 816.71 million for the same period a year ago. Profit from ordinary activities before tax was INR 1,960.32 million against INR 827.58 million for the same period a year ago. Net profit for the year was INR 707.86 million or INR 3.85 per diluted share against INR 556.20 million or INR 3.02 per diluted share for the same period a year ago.
For the quarter on standalone basis, the company reported standalone EBIDTA stands at INR 1,245 million (EBIDTA margin at 28.4%). EPS came in at INR 3.85 as compared to INR 3.02 in the same period last year.
For the nine months of fiscal 2013 on consolidated basis, the company reported consolidated total revenues have increased by 8.6% to INR 12,064 million from INR 11,113 million in last fiscal. The company achieved consolidated EBIDTA margins of 24.4% at INR 2,943 million, as against INR 2,768 million in the last fiscal, demonstrating a growth of 6.3%. Total income from operations was INR 11,942.18 million against INR 10,982.47 million for the same period a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,391.32 million against INR 2,261.85 million for the same period a year ago. Profit from ordinary activities before tax was INR 2,454.65 million against INR 2,323.69 million for the same period a year ago. Net profit for the year was INR 1,629.58 million or INR 8.87 per diluted share against INR 1,570.48 million or INR 8.54 per diluted share for the same period a year ago.
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.
DB Corp. Limited Reports Consolidated and Standalone Earnings Results for the Third Quarter and Consolidated Earnings Results for the Nine Months Ended December 31, 2012