DB Corp Q3 profit rises 7% to Rs 118 cr, margin shrinks

Moneycontrol Bureau

Print media company DB Corp said consolidated profit grew by 6.7 percent year-on-year to Rs 118.1 crore in the quarter ended December 2016, driven by revenue growth.

Total income from operations during the quarter increased 6.3 percent to Rs 627.3 crore compared with Rs 590 crore in year-ago period, led by advertising revenue growth of 4 percent and circulation revenue growth of 9 percent."The resilience of business model and strength of operating strategy has been brought to the fore by performance in Q3, which has broadly been a quarter of weak demand and subdued consumer spending," Sudhir Agarwal, Managing Director said.

Operating profit rose by 4.5 percent year-on-year to Rs 198.2 crore but margin contracted by 50 basis points to 31.6 percent in the quarter gone by.