BENGALURU: DB Corp Limited (DB Corp), home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar reported a 0.4 per cent fall in YoY Total Income from Operations (TIO) in the quarter ended September 30, 2015 (Q2-2016, current quarter). The company reported a TIO of Rs 478.33 crore in the current quarter as compared to the Rs 480.21 crore in the corresponding year ago quarter, and a 1 per cent growth as compared to the Rs 473.36 crore in Q1-2016. 

Note: (1) 100,00,000 = 100 Lakhs = 10 million = 1 crore

(2) The figures mentioned in this report are consolidated figures unless stated otherwise.

Segment Numbers

The company reports revenue from five segments:  Printing and publishing of newspaper and periodicals (Printing segment); Radio segment; Events; Internet; and power. Two of the segments are major contributors to the revenue – printing and radio and their numbers have been considered below. 

Radio segment

DB Corp’s radio segment, MY FM, reported a 5.2 per cent growth in operating revenue to Rs 23.96 crore in the current quarter as compared to the Rs 22.77 crore in Q2-2015, and 11.5 per cent more than the Rs 21.50 crore in Q1-2016. The segment reported an 8 per cent drop in operating profit to Rs 6.04 crore in the current quarter as compared to the Rs 6.57 crore in Q2-2015, but 48 per cent more than the Rs 4.08 crore in the immediate previous quarter. The company says that its radio business PAT stands at Rs 4 crore. 

Radio segment EBIDTA declined 6.7 per cent in Q2-2016 to Rs 8 crore as compared to the Rs 8.6 crore in Q2-2015, but grew 31.6 per cent as compared to the Rs 6.1 crore in Q1-2016.

Printing segment

The company’s printing segment reported a 1.6 per cent decline in operating revenue at Rs 442.24 crore in Q2-2016 as compared to the Rs 449.32 crore in Q2-2015, but 0.5 per cent more than the Rs 440.19 crore in Q1-2016. The segment reported a 6.2 per cent decline in operating result to Rs 93.91 crore as compared to the Rs 110.07 crore in Q2-2015 and was 6.2 per cent lower than the Rs 108.56 crore in the immediate trailing quarter. 

DB Corp’s profit after tax (PAT) in the current quarter declined 13.2 per cent to Rs 59.12 crore as compared to the Rs 68.11 crore in Q2-2015 and declined 11 per cent as compared to the Rs 66.46 crore in Q1-2016.

DB Corp says that it achieved EBIDTA margins of 24 per cent at Rs 117.1 crore from Rs 127.1 crore in Q2-2015, after factoring in forex loss of Rs 1.56 million and its Bihar launch preoperative expenditure of Rs 2.77 crore. 

Total Expenditure in the current quarter grew 2.8 per cent to Rs 388.14 crore as compared to the Rs 377.53 crore in q2-2015 and was 4.3 per cent more than the Rs 372.30 crore