DB Corp Q4 Review - Newsprint Price Hike To Restrict Ebitda Growth: ICICI Direct

Copies of newspaper move along a conveyor at a printing facility.  (Photographer: Roy Liu/Bloomberg)

DB Corp Q4 Review - Newsprint Price Hike To Restrict Ebitda Growth: ICICI Direct

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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 Direct Report

DB Corp Ltd.’s revenues fell 6.2% YoY to Rs 456.6 crore as prevailing Covid-19 situation continued to impact revenues.

Print and digital ad revenue dipped 5.9% YoY to Rs 281.2 crore while radio ad revenue also reported de-growth of 14.7% YoY to Rs 27.8 crore.

Circulation revenue fell 8.0% YoY to Rs 110.4 crore mainly due to lower circulation of copies.

Ebitda was up 53.3% YoY to Rs 101.1 crore while margins at 22.1% were up 860 basis points YoY.

Operating performance improved on the back of cost control measures and soft newsprint prices.

Click on the attachment to read the full report:

ICICI Direct DB Corp Q4FY21 Result Update.pdf

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