D B Corp - March 2013 Results Preview - Motilal Oswal

- We expect print advertising revenue to grow 10% YoY to INR2.7b.

- We expect circulation revenue to grow 16% YoY to INR0.72b.

- DB's aggregate revenue is likely to grow 8% YoY to INR3.9b.

- We estimate EBITDA of INR924m, up 22% YoY. We expect EBITDA margin to improve 260bp YoY to 23.6%.

- PAT is expected at INR0.52b, up 15% YoY.

- The stock trades at a P/E of 17.4x FY14E and 14.7x FY15E. Buy.

Source : Equity Bulls

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