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With regards to ad revenues, if real estate category came back due to RERA then it would be a big relief, said Girish Agarwaal, Promoter Director, DB Corp.
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In an interview to CNBC-TV18, Girish Agarwaal, Promoter Director of DB Corp spoke about the latest happenings in the company and gave his outlook for the rest of the year.
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FMCG ad revenues will show growth for the company. Auto and education showing positive traction, said Girish Agarwaal, Director, DB Corp.
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Speaking to CNBC-TV18, its Director Girish Agarwaal, said 9MFY17 consolidated advertising revenue grew 9 percent YoY.
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With good monsoon and positive market response the company expects the momentum to continue over the next six months, said Girish Agarwaal, Director, DB Corp.
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Known as the largest publisher, DB Group publishes seven newspapers and operates 'My FM' radio station in 17 cities.
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In an interview with CNBC-TV18, Girish Agarwaal, Director of DB Corp, which publishes Dainik Bhaskar, talked about the speculation that the government may increase foreign direct investment (FDI) in the print media sector, as well as the business outlook on radio and web business.
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Girish Agarwaal of DB Corp hopes to sustain the 38 percent margin coming from its radio business, and that ad revenues will bounce back in the first quarter of FY17.
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Pawan Agarwal, Deputy Managing Director, DB Corp is confident of Rs 8-12 crore revenues from the new frequencies in FY17.
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Girish Agarwaal, director, DB Corp, says advertisement revenue grew 7 percent for the entire year and in the fourth quarter it grew 4.5 percent.
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The company waited for almost five years for the phase-III auctions.
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The company's consolidated total income of the print media company grew by 7 percent to Rs 554.6 crore during October-December quarter from Rs 518.2 crore in the year-ago period. Total expenses increased to Rs 392.2 crore from Rs 379.2 crore during the same period.
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Agarwaal said newsprint prices have declined by USD 40/tonne and are now quoting at USD 540-560/tonne
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Pawan Agarwal of DB Corp said the Bihar business was doing well and the company was maintaining its leadership position in the Patna newspaper market.
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Girish Agarwaal, Non Executive Director, DB Corp says total loan exposure is limited and the company is not preponing loan repayment.
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Girish Agarwaal, Promoter Director, DB Corp says based on the pre-launch surveys and number of copies already booked, the paper will be number one from the day one. These copies have been booked for a one year period
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Pradeep Dwivedi, DB Corp spoke about the positive impact of hike in DAVP ad rates on ad revenues.
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According to Girish Agarwaal, the company posted a 17 percent growth this quarter and is likely to continue with the same. He believes business expansion, new launches will help the company continue growing.
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A surge in advertising revenue is the reason the results came in so positively, says Girish Agarwal, direction, DB Corp.
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Yield improvement boosted DB Corp's revenue growth in fourth quarter and the company is optimistic of maintaining margins at current level.
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Pawan Agarwal, Promoter Director of DB Corp expects circulation growth rate to be in single-digit this year on lack of any major expansions.
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Girish Agarwaal, director, DB Corp, says that the company saw a turnaround in advertising in the Q3 and he expects Q4 to end on a stronger note as well. The momentum in advertisement is seen across categories which is a positive sign.
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As DB corp announces its QoQ results where the net profit declines from 48.6 Cr in the previous quarter to 43.6 Cr in the second quarter we have with us Girish Agarwal, Non Executive Director, DB Corp to discuss the issues and he is expecting the market to boost up in the next quarter.
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Even as advertising revenues continue to be sluggish, Girish Agarwaal, Director, DB Corp explained that compared to Q4 and Q1, there will be 9% growth in Q3 which indicates that things may improve going forward. In the same breath, Agarwal added that there are no major signs from the advertisers saying that the next quarter will be a bumper.
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Despite an overall rise of 16% in total revenues to Rs 1463.8 crore from Rs 1265.2 crore in the previous year, DB Corp has not seen a major jump in the last two quarters. The company‘s advertising revenues were only up 5% in the fourth quarter of FY12.
