Moneycontrol PRO
Loans
HomeNewsBusinessEarningsDB Corp Q1 net profit jumps 62% to Rs 104 cr

DB Corp Q1 net profit jumps 62% to Rs 104 cr

The company had posted a net profit of Rs 64.30 crore in April-June period of the previous fiscal, DB Corp said in a BSE filing.

July 21, 2016 / 17:43 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Media firm DB Corp today reported 61.66 percent increase in consolidated net profit at Rs 103.95 crore for the first quarter ended June 30.

    The company had posted a net profit of Rs 64.30 crore in April-June period of the previous fiscal, DB Corp said in a BSE filing.

    Net sales on consolidated basis were up 20.27 percent at Rs 561.01 crore as against Rs 466.45 crore in the corresponding quarter last fiscal.

    Revenue from newspapers and periodicals was up 19.64 percent at Rs 526.65 crore in the first quarter compared with Rs 440.19 crore in the same period a year ago.

    Radio segment revenue rose 30.57 percent during the quarter to Rs 28.06 crore compared with Rs 21.49 crore last fiscal.

    DB Corp Managing Director Sudhir Agarwal said: "Over the past few quarters, we undertook several key initiatives to propel the company on a growth trajectory, which have started delivering results. We have been confidently implementing our yield strategy which has gained acceptance among advertisers."The company's advertising revenue was up by 20.82 percent at Rs 413.6 crore during the quarter compared with Rs 342.3 crore in the same period of the last fiscal, the company said.

    DB Corp publishes seven newspapers including Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar, and operates 'My FM' radio station in 17 cities.

    Stock of the company ended at Rs 404, showing a rise of 2.33 percent on BSE.

    first published: Jul 21, 2016 03:40 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347