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DB Corp Q2 net profit seen up 5% to Rs 46 cr

DB Corp's consolidated net profit is likely to go up by 5% to Rs 46 crore in the second quarter of financial year 2012-13 from Rs 43.7 crore in the previous quarter, helped by higher other income and lower financing cost.

October 18, 2012 / 11:11 AM IST
 
 
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DB Corp's consolidated net profit is likely to go up by 5% to Rs 46 crore in the second quarter of financial year 2012-13 from Rs 43.7 crore in the previous quarter, helped by higher other income and lower financing cost.


Total income from operations is seen going up by 1% quarter-on-quarter to Rs 380 crore during the quarter, driven by higher income from circulation revenues.


Analysts expect print advertisement revenue growth to remain under pressure while overall advertisement growth to have faced pressure due to high base effect.


Advertisement revenue is expected to be sluggish with 5% growth and be around Rs 285 crore. Rest of the revenues are expected to come from subscription.


Earnings before interest, tax, depreciation and amortisation (EBITDA) is expected to grow by 5% to Rs 81 crore and EBITDA margin is likely to go up by 90 basis points to 21.3% versus 20.4% QoQ.


Analysts feel the EBITDA margin may face some pressures driven by higher operating cost and muted revenue growth. Clear fall in EBITDA margin of around 40 to 50 basis points can be visible on year-on-year basis.


Operating cost is likely to be higher on the back of new launches which put pressure on margin. Additional stress on EBITDA margin is expected to be led by increased newsprint cost and other operating expenses.

In the previous quarter, DB Corp's net profit fell by 4 percent QoQ to Rs 43.7 crore due to forex loss of Rs 8 crore during the quarter. However, total income from operations grew by 7% to Rs 377 crore and EBITDA rose by 13% to Rs 77 crore. Even its operating profit margin was improved by 110 basis points to 20.4% QoQ.

first published: Oct 18, 2012 09:10 am

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