Speaking to CNBC-TV18, its Director Girish Agarwaal, said 9MFY17 consolidated advertising revenue grew 9 percent YoY.
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.
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.
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.
Girish Agarwaal, Non Executive Director, DB Corp says total loan exposure is limited and the company is not preponing loan repayment.
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
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.
Newspaper group, DB Corp sees Maharashtra, Jharkhand editions breaking even soon and hopes to grow in double digit in current financial year.
Yield improvement boosted DB Corp's revenue growth in fourth quarter and the company is optimistic of maintaining margins at current level.
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.
In an interview to CNBC-TV18, Girish Agarwaal, non-executive director of DB Corp says, the company expects FY13 to be a year of consolidation. He expects a top-line growth of around 15-18%.
Girish Agarwaal, Executive Director of DB Corp in an interview with CNBC-TV18 said that company is hopeful of maintaning the ad revenue growth ahead.
Speaking to CNBC-TV18, Girish Agarwaal, Non-Executive Promoter Director, DB Corp said, the company will revise its advertising rates again this March which would take it to the next level on rate realisation.