DB Corp ad rev grows by 17% in Q1FY2024

DB Corp (DBCL) has announced its financial results for the quarter and financial year ended 31 March 2024.

12 Jun 2024 | By PrintWeek Team

Total revenue grew 17.8% YoY to Rs 642-crore from Rs 545-crore in Q4 FY24

In Q4 FY24, compared to Q4 FY23, consolidated ad revenue grew by 24.6% to Rs 446-crore from Rs 358-crore. Total revenue grew 17.8% YoY to Rs 642-crore from Rs 545-crore. Circulation revenue grew 2.9% YoY to Rs 119-crore against Rs 115-crore in Q4 FY23. Newsprint cost decreased by 17.8% YoY contributing to EBIDTA  growth of 121.2% YoY to Rs 197-crore from Rs 89-crore. PAT recorded a growth of 199% YoY to Rs 123-crore from Rs 41-crore in Q4 FY23.

In FY24 compared to FY23, consolidated ad revenue grew by 18.2% to Rs 1,752-crore from Rs 1483-crore, adding Rs 270-crore of incremental ad revenue in absolute terms. Circulation revenue grew 3.5% to Rs 4,79 crore against Rs 463-crore of the previous year. Total rev grew 14.5% YoY to Rs 2,482-crore from Rs 2168-crore. EBIDTA  stands at Rs 703-crore with a margin of 28% a 1100 bps increase over previous year. The print business reported stellar EBIDTA margins of 31%. PAT registered stellar growth of 151.7% YoY to Rs 425-crore in FY24 against Rs 169-crore of FY23.

Sudhir Agarwal, managing director, DB Corp, “Fiscal 2024 marks yet another year of continued growth for the Print Media sector in general and Dainik Bhaskar in particular. The momentum that has built over the past few quarters is a demonstration of the underlying strength of the medium. Apart from our Print business, our radio business continues this growth trajectory, digital business is also progressing as planned, and we are enthused by the immense potential of our omni-channel platform that is now firing on all cylinders.”

He added, “We are happy that we have built a strong platform of growth and are encouraged by the broad-based advertising revenues that we continue to attract. With India’s growth momentum going strong, we see a plethora of opportunities and going into the new financial year, we are hopeful to be able to continue this momentum and increase our leadership position and deliver growth to all stakeholders”.

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