DB Corp - Q1FY14 Result Preview - Angel Broking

DB Corp is slated to announce its 1QFY2014 results. The company is expected to post 7% yoy growth in its top-line to Rs. 400cr on the back of uptick in advertising revenue as well as double digit growth in circulation revenue. The company's operating margin is expected to expand by 281bp yoy to 22.5%. Consequently, net profit is expected to grow by 28% yoy to Rs. 52cr. At the current market price, DB Corp is trading at 14.4x FY2015E consolidated EPS of Rs. 16.9.

We recommend Buy on the stock with the target price of Rs. 290.

Source : Equity Bulls

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