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DB Corp Internet revenues at Rs 11.39Cr for Q2-FY16; Rs 6.91Cr loss

DB corp

DB Corp, the publisher of dailies such as Dainik Bhaskar, Divya Bhaskar, Saurashtra Samachar, Divya Marathi and DNA has posted a loss before tax of Rs 6.91 crore for its Internet business segment for the quarter ended Sept 30. Losses at in the segment declined marginally from the loss of Rs 7.8 crore in the preceding quarter and increased significantly from Rs 1.2 crore in the same quarter last year.

However, the Internet segment’s revenues in Q3 FY16 increased 12.6% year-on-year to Rs 11.39 crore from Rs 10.11 crore in Q3 FY15. On a sequential basis, the Internet revenues increased 82.24% from Rs 6.25 crore same quarter last year.

The Internet segment however accounts for just 2.38% of DB Corp’s operational income which was at Rs 478.32 crore for the quarter. The company’s print business still dominates its operational revenues, accounting for 92.45% DB Corp’s operational income for the quarter.

Digital business highlights

–DB Corp’s Digital portals claim to have hit 900 million page views and 40 million unique visitors in this quarter.

– The company launched a video bulletin at dainikbhaskar.com, which claims to have crossed 10 million video views. Collectively the company’s apps for Dainik Bhaskar and Divya Bhaskar across Android and iOS have reached over 1.8 million and 0.7 million respectively.

Other highlights

– Total revenues increased by 1% to Rs 478.33 crore, from Rs 473.36 crore in Q2 FY16

– Profit After Tax (PAT) decreased 11% YoY to Rs 59.11 crore from Rs 66.45 crore in Q2 FY16

Advertising Revenues declined YoY by 4.9% to Rs. 343.3 crore as against Rs. 361 crore last quarter, as the Navratri festival dates are different this year from last year.

– Radio business ad revenue grew by 5.2% YoY to Rs 24 crore from Rs 22.8 crore in Q2 of last fiscal. Radio business PAT stands at Rs 4 crore.

Download: Press release and financials

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