Q4FY21 Result Update - DB Corp - ICICI Direct

DB Corp's revenues fell 6.2% YoY to Rs. 456.6 crore as prevailing Covid-19 situation continued to impact revenues. Print & digital ad revenue dipped 5.9% YoY to Rs. 281.2 crore while radio ad revenue also reported de-growth of 14.7% YoY to Rs. 27.8 crore. Circulation revenue fell 8.0% YoY to Rs. 110.4 crore mainly due to lower circulation of copies. EBITDA was up 53.3% YoY to Rs. 101.1 crore while margins at 22.1% were up 860 bps YoY. Operating performance improved on the back of cost control measures and soft newsprint prices. Consequently, reported PAT was at Rs. 61.9 crore, up 157.4% YoY, aided by onetime benefit of Rs. 13.2 crore in the radio business, Adjusted PAT was at Rs. 48.7 crore.

For details, click on the link below: Link to the report

Shares of D B Corp Ltd was last trading in BSE at Rs.107.85 as compared to the previous close of Rs. 113.35. The total number of shares traded during the day was 160878 in over 3250 trades.

The stock hit an intraday high of Rs. 114.95 and intraday low of 104.05. The net turnover during the day was Rs. 17460513.

Source : Equity Bulls

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