DB Corp Results : Q3FY17

D B Corp Ltd. has reported its results for the quarter ended December 31, 2016 during market hours today.

The company's total sales for Q3FY17 came in at Rs 627.2 crore, which represents a 16.3 per cent sequential increase and 6.3 per cent YoY increase.

The operating profit (EBIT) for the recently concluded quarter amounted to Rs 176.4 crore and the EBIT margin stood at 28.13 per cent.
The company reported PAT of Rs 118.1 crore, which represents a sequential QoQ increase of 33.45 per cent and a YoY increase of 6.68 per cent.

The company has registered a 21.3 per cent and 21.6 per cent QoQ jump in the revenue of print and radio advertisement segments, respectively. Further, its digital advertisement segment has also witnessed a growth of 15.8 per cent on a QoQ basis.
The company has declared an interim dividend of Rs 4 per equity share of face value of Rs 10 each, for FY2016-17 to be paid to all the eligible shareholders on February 7, 2017 (payment date)

The company's stock, which opened for trading at Rs. 360 on the BSE, has risen by 0.56 per cent after the results were declared and is currently trading around the Rs 360-mark.

D.B.Corp. Ltd is engaged in printing and publication of newspapers in three languages across 13 states, in radio business in 7 states and 17 cities along with web presence in India. The company's flagship newspapers are Dainik Bhaskar, Divya Bhaskar and Saurashtra Samachar.