Media company DB Corp's first quarter (April-June) profit is seen falling 15 percent year-on-year to Rs 67.72 crore due to lower advertising revenue, according to a CNBC-TV18 poll. The most important thing to watch out for would be print advertising revenue growth.
The poll expects degrowth of 5 percent in print advertising revenue due to base effect and slow down in print advertising.
Total income from operations is expected to fall 0.6 percent to Rs 486.2 crore during April-June quarter compared to Rs 489.15 crore in the year-ago period. Operating profit may slip 11 percent Y-o-Y to Rs 119.7 crore and margin may decline by 290 basis points to 24.6 percent due to operating leverage.
Factors to watch out forMargin may be further hurt by increased expenses to expand Bihar footprint
Lower newsprint prices may limit the margin pressure
Newsprint prices fell 1-2 percent quarter-on-quarter and 7-9 percent year-on-year
Radio business revenue growth is seen between 15-20 percent
Digital business revenue growth is expected to be at 80-90 percent
Commentary on print advertising growth, newsprint cost trends, evolution of digital business
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!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.