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DB Corp’s digital biz recorded a profit of Rs 1.4 Cr in Q3FY19

The Dainik Bhaskar Corporation recorded operational revenues of Rs 659.7 crore in the quarter ended December 31, 2018 (Q3FY19). This is up 11.3% YoY from Rs 592 crore in the same quarter last year, and up 13.3% from Rs 587.4 crore in the last quarter.

The group’s net profit for the quarter decreased marginally to Rs 75.6 crore in this quarter from Rs 78.1 crore in Q3FY18. However, net profit was significantly higher from the preceding quarter’s net profit of Rs 46.1 crore.

Digital business

DB Corp’s digital business consists of 9 portals – including news portals dainikbhaskar.com, divyabhaskar.com, HomeOnline – and 4 mobile applications. Revenues from the digital business were Rs 38 crore, more or less stagnant YoY from Rs 39.8 crore in the same quarter last year.

Revenues from digital were Rs 14 crore, lower by 8.4% YoY from Rs 15.4 crore in Q3FY18. However, the segment recorded a profit before tax of Rs 1.4 crore, turning around a loss of Rs 4.9 crore in Q3FY18; the company said this was due to “renewed focus” on business profitability. Even in the preceding quarter, the segment has recorded a loss of Rs 1 crore.

Metrics 

  • Dainikbhaskar.com: The company said the paper has a “very strong and loyal” e-paper user base, without mentioning any numbers
  • Divyabhaskar.com introduced a paywall in July 2018
  • 16 million apps downloads of Divya Bhaskar and Dainik Bhaskar, 36% higher YoY
  • The Dainik Bhaskar app offers content from TIME, New York Times, and Harvard Business Review
  • Between April-December 2018, HomeOnline saw 9 lakh users, and connected 80,000 people with property owners/builders/agents in Bhopal, Raipur, Indore, Jaipur and Ahmedabad
  • 19 lakh sessions recorded between April-Dec 2018

The company said that it is looking to increase its user base via brand and search traffic and efficient monetization. It also said that it would look at “very stringent cost optimization” and change its content approach.

Download: Financials & Release

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