Emkay Global Financial Services has come with its quarterly earning estimates on print media sector for March 2012. According to the research firm, the sector consolidated revenue to grow by 11.1% YoY, while it would decline by 4.6% QoQ to Rs 11.9 bn. Weak growth is attributable to tough macro economic conditions.
Consolidated PAT for coverage universe is expected to decline 14.5% YoY and 17.3% QoQ to Rs 1.2 bn. Decline in bottom-line is attributable to weak ad revenue growth and rising raw material cost.
| Company Name | Net Sales (Rs mn) | APAT (Rs mn) | ||||
| Q4FY12 | Q3FY12 | Q4FY11 | Q4FY12 | Q3FY12 | Q4FY11 | |
| DB Corp | 3655 | 3955 | 3174 | 372 | 553 | 450 |
| HT Media | 5070 | 5266 | 4704 | 389 | 482 | 529 |
| Jagran Prakashan | 3168 | 3240 | 2826 | 437 | 413 | 421 |
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