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DB Corp Reports Rs 442.7 Cr Revenue For Q3-FY13; Internet

There is very little information from DB Corp on its Internet business, post its acquisition of external shareholding in its Internet subsidiary I Media Corp Ltd (IMCL). The financial results of the company do not include any information on its Internet segment revenues; last quarter, Bhaskar Group’s non-executive director Girish Agarwal had said during the company’s earnings call that the group has registered Rs 3.1 crore revenue from its Internet business, up from Rs 2 crore revenues in the same quarter last year. For the media company, which paid Rs 35.6 crore to acquire 45% stake in IMCL last year, thus consolidating the entire Internet businesses, the Internet segment apparently isn't important enough to separate out: DB Corp's financial results split revenues between "Printing and Publishing of Newspaper and Periodicals", Radio, Event and Others. The "Others" segment reported revenues of Rs 3.18 crore for the quarter ending December 31st 2012, down from Rs 3.29 crore from the quarter ending September 30th 2012, and almost double of the Rs 1.7 crore reported for the same quarter last fiscal year. IMCL is the digital arm of DB Corp and manages the group’s website and mobile properties which includes group portals like Indiainfo.com, dainikbhaskar.com, divyabhaskar.com, dailybhaskar.com, divyamarathi.com, myfmindia.com and mobile properties like 54567 which allows users to send messages consisting of images, audio, text and video. For the year ended March 31, 2012 (FY12), the company had posted a total loss of Rs 6.55 crore, a significant  28.41% reduction from Rs 9.15 crore loss in FY11 and total revenues of Rs 6.99 crore, a 130.7%…

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Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

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