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DB Corp’s Internet revenues dip marginally to Rs 12 crore in Q1 FY18

DB Corp, the publisher of dailies such as DNA, Dainik Bhaskar and Divya Bhaskar, reported digital revenues of Rs 12.07 crore for the quarter ended June 30, 2017 (Q1 FY18). This represents a marginal growth of 1.2% from Rs 12.22 crore in the same quarter last year. On a sequential basis, digital revenues decreased 14.9% from Rs 14.18 crore. The segment reported a loss before tax of Rs 7.37 crore which is 1% higher from Rs 7.29 crore in the same quarter last year.

The contribution of ad revenues from the digital segment has decreased by 1.5% YoY and 14.5% quarter-on-quarter (QoQ) at Rs 1.23 crore, while ad revenues from print reported YoY growth of 4.5% and QoQ growth of 26% at Rs 373.4 crore.

The company’s print business still dominates its operational revenues, accounting for over 90% DB Corp’s operational income for the quarter with Rs 549.35 crore, which has increased slightly by 3.5% from Rs 530.81 crore in the same quarter last year.

Last year in August, DB Corp launched Homeonline.com, a real estate portal. The website is live for Raipur and Bhopal currently. The company claims Homeonline.com witnessed 17 lakh pageviews between August 2016 and March 2017.

Digital business highlights

– Unique visitors to their websites increased to 85.6 million in June 2017, compared to 41.5 million in June 2016.
– Pageviews increased to 1.9 billion for the month of June 2017, compared to 1.6 billion in the same period last year.
– 9.9 million app downloads of Divya Bhaskar and Dainik Bhaskar.

Other highlights

– Operational revenues stood at Rs 594.3 crore for the quarter ended June 30, 2017 (Q1 FY18), which represents a growth of 14.9% on sequential basis and 3.4% increase on YoY basis from Rs 574.5 crore.

– It reported net profit of Rs 110.11 crore, which represents QoQ increase of 71.5% from Rs 64.2 crore last quarter (Q4 FY17), and a YoY increase of 5.9% from Rs 103.95 crore in the same quarter last year.

– Advertising Revenues grew 5% YoY to Rs 433.6 crore as against Rs. 413.6 crore in Q1 FY17.

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