DB Corp Limited (DBCL), India’s largest print media company and home to flagship newspapers – Dainik Bhaskar, Divya Bhaskar, Divya Marathi and Saurashtra Samachar, today announced its financial results for the quarter ended June 30, 2021.
The Advertising Revenue stood at Rs. 1713 million as against Rs. 1070 million. Circulation Revenue stood at Rs. 1106 million as against Rs. 928 million. The Total Revenue came in at Rs. 3080 million as against Rs. 2157 million.
The EBIDTA stood at Rs. 51 million as against EBIDTA loss of Rs. 278 million, aided by efficient cost control measures and despite large digital business investment for future growth. The Net loss stands at Rs. 223 million as against Rs. 480 million Radio business.
The Advertising Revenue at Rs. 156 million versus Rs. 80 million. The EBIDTA loss stands at Rs. 2.6 million versus Rs. 61 million
“Dainik Bhaskar’s well-calibrated circulation strategy aided in the spectacular recovery of circulation from the first wave of Covid-19. The continuous efforts of circulation teams resulted in more than 90% of pre-covid circulation recovery. The circulation numbers not only underscores the resilience of the Group, but is also a testament to the fact that the fundamentals of the Print industry remain solid, even in the face of disruptions,” said a company statement.
Commenting on the performance for Q1 FY 2021-22, Sudhir Agarwal, Managing Director, DB Corp Ltd said, “We have always been considered as the leaders in our field, and as they say, with great power comes great responsibility. The Dainik Bhaskar Group continues to receive global recognition as a result of the company’s high standards of journalistic integrity and ethics.
“The circulation and editorial strategies that we have been following have always given us strong results, and this quarter too is a testament to the fact that when we remain true to our values, results will follow. With its ability to reach mass audience, ease of executing geo-targeted campaigns, and bespoke communication with category-specific audiences, international brands continue to rely on Print Media in general and Indian Language newsprint in particular to reach out to a large audience. Dainik Bhaskar, with its commanding presence in the Indian Language Newsprint space, has reaped the maximum benefits from its national and international goodwill and we believe that we are well-placed to continue on our growth trajectory,” he added.