BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
DB Corp Ltd.’s Q2 FY21 Ebitda dip was restricted at 27% YoY to Rs 1.8 billion despite 35% decline in revenues to Rs 3.5 billion due to aggressive cost savings, which helped other expenses decline 37%.
Also, circulation Ebitda have turned positive due to lower newsprint prices and reduced pagination.
Though circulation has shown good recovery, ad revenues are still lagging. The company is betting on the ongoing festive season for improvement in ad revenues, which is critical in our view.
Company expects significant cost savings even in FY22, which would enable strong free cash flow recovery if ad revenues bounce back.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR