Deccan Chronicle Q1 PAT up at Rs 83.75 cr

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Deccan Chronicle Q1 PAT up at Rs 83.75 cr

Deccan Chronicle has decalred its first quarter results.The company's Q1FY08 PAT was up at Rs 83.75 crore (Rs 837.5 million) versus Rs 25.56 crore (Rs 255.6 million), QoQ.

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Deccan Chronicle has decalred its first quarter results.The company's Q1FY08 PAT was up at Rs 83.75 crore (Rs 837.5 million) versus Rs 25.56 crore (Rs 255.6 million), QoQ.

Its sales were up 17% at Rs 173 crore (Rs 1.73 billion) as against Rs 147.5 crore (Rs 1.47 billion),QoQ.

Its OPM was up at 59.8% from 49.5%.

1FY08(YoY)

The company's sales were up 58% at Rs 173 crore (Rs 1.73 billion) versus Rs 109.6 crore (1.09 billion), YoY.

Exp dn 2% at Rs 69.6 cr vs Rs 71.6 cr

OPM at 59.8% vs 34.6%

Pat at Rs 83.75 cr vs Rs 23 cr

- QoQ performance is high due to higher tax paid in Q4

- Hiked ad rates by 30% in AP & Chennai during the quarter

- Other income at Rs 10 cr vs Rs 2.8 cr YoY is on account of forex gains & investment gains

- News print prices have fallen 15% YoY to benefit margins hence raw material cost has come dwn from Rs 60 cr to Rs 56 cr YoY & QoQ

- Margins also improve due to reupee appreciation as 90% of newsprint is imported