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.
A surge in advertising revenue is the reason the results came in so positively, says Girish Agarwal, direction, DB Corp.
Yield improvement boosted DB Corp's revenue growth in fourth quarter and the company is optimistic of maintaining margins at current level.
Pawan Agarwal, Promoter Director of DB Corp expects circulation growth rate to be in single-digit this year on lack of any major expansions.
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.
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.
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.
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.