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DB Corp Q4 profit falls 11% on weak operational performance; revenue grows 10%

Operating income (EBITDA - earnings before interest, tax, depreciation and amortisation) dropped 12.8 percent to Rs 97.9 crore and margin contracted 440 basis points to 17.3 percent year-on-year in January-March quarter.

May 16, 2018 / 12:46 PM IST
We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

 
 
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Media company DB Corp's March quarter earnings missed analyst expectations on Wednesday as consolidated profit fell 11 percent year-on-year to Rs 57.1 crore, dented by weak operational performance.

Profit in the corresponding period of last fiscal stood at Rs 64.2 crore.

Revenue from operations during the quarter grew by 9.7 percent to Rs 567.3 crore as advertising revenue increased 8.2 percent to Rs 386.1 crore and circulation revenue rose 8.5 percent to Rs 132 crore compared to year-ago.

Operating income (EBITDA - earnings before interest, tax, depreciation and amortisation) dropped 12.8 percent to Rs 97.9 crore and margin contracted 440 basis points to 17.3 percent year-on-year in January-March quarter.

Profit was estimated at around Rs 65 crore and operating income was expected at around Rs 110 crore for the quarter, as per analyst forecast.

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At 12:37 hours IST, the stock price was quoting at Rs 270.05, down Rs 5.25, or 1.91 percent on the BSE.
Moneycontrol News
first published: May 16, 2018 12:46 pm

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