D B Corp Posts Striking Numbers For Q4FY14
Waseem Ahmad / 13 May 2014
Owing to strong growth in both topline and bottomline, D B Corp, India's largest print media company, has posted strong set of numbers for the fourth quarter and year ended on 31st, March, 2014. Net profit of the company went up by 37% yoy to Rs 75.7 crore in the quarter against Rs 55 crore in Q4FY13.
D B Corp has recorded strong growth in both topline as well bottomline. The top line of the company grew by 14% yoy to Rs 454 crore in Q4FY14 against Rs 398 crore in Q4FY13 on account of considerable growth in advertisement revenue, which went up by 14.3% to Rs 340 crore in said period from Rs 297.5 crore in same period of last year.
EBITDA of the company has also recorded a decent growth and went up by 10.7% to Rs 104 crore in Q4FY14 against Rs 94 crore in Q4FY14. Further net profit of the company shoot up by 37% yoy to Rs 75.7 crore in said quarter against Rs 55 crore in Q4FY13.
On operational front, the company recorded an improvement in its major expenditure except material cost. Material cost for the company came up to 36% of total income in Q4FY14 from 33% in same period previous year. However, other expenses showed some improvement and came down to 23% of total income from 25.4% in Q4FY14 while employee cost remained constant at 17% of total income during the said period.
Cost optimisation has resulted in better margin for the company. Net profit margin of the company went up to 16.7% in Q4FY14 against 13.8% in same period last year.
Coming to segment wise performance, printing and publishing of newspapers which stands for 94% of total revenue of the company recorded a decent growth of 14% and reached to Rs 428 crore in Q4FY14 against Rs 376 crore in same quarter previous year. Radio segment of the company which contributes 4% of total revenue went up by 17% to Rs 21 crore during the said quarter.
The company performance for FY'14 has been good. The company’s total revenue grew by 17% to Rs 1883.6 crore during FY'14 against Rs 1613.7 crore in immediate previous year. EBITDA of the company went up by 31% yoy to Rs 524 crore during the period from Rs 399.8 crore in FY'13. Moreover, net profit of the company surged by 41% yoy to Rs 306.6 crore in FY'14 from Rs 218 crore in FY'13.
At CMP of Rs 282 crore per share, the stock is trading at 16.8x of its trailing 12-months earning.
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