DB Corp posted a steady number for the quarter ended March, 2017.
The revenues were up 1.5 percent at Rs 517.1 crore in Q4FY17 versus Rs 509.6 crore in FY17. Net profit was up 6.1 percent at Rs 64.1 crore versus Rs 60.4 crore of the corresponding quarter last fiscal. However, EBITDA was down at 3.1 percent at Rs 11.2 crore versus Rs 115.9 crore for the same quarter last fiscal.
Girish Agarwaal, Director, DB Corp in an interview to CNBC-TV18 shared the outlook for FY18.
He said overall for FY17 they were able to grow ad revenues at around 7-8 percent although it was not so in Q4 because of demonetisation impact.
Going forward we are just hoping that there will be a positive impact of GST and we all be able to do better business.
Post demonetistaion, real estate was one segment that had cut down on spending and with RERA coming in, the sector is in sort of standstill till further the states amend the act. This sector was a good advertiser for the company, he said, adding that around 11 percent of ad revenues come from this segment.
Although overall, it is heard that FMCG will be cutting on spends, the company has many new clients on board, so that space could show growth for the company.
Auto and education too are gaining positive traction, said Agarwaal.
For FY18, he expects circulation revenues to be in single digit, he said.
For full interview, watch video
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