ICICI Direct: DB Corp - Growth Outlook Remain Elusive
A vendor uses a smartphone while waiting for customers at a newspaper stand in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

ICICI Direct: DB Corp - Growth Outlook Remain Elusive

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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 dipped 34.8% YoY to Rs 346.4 crore amid current Covid-19 led situation.

Print and digital advertisement revenue declined 37.8% YoY to Rs 226.3 crore while radio ad revenue also registered de-growth of 42.4% YoY to Rs 18.2 crore.

Circulation revenue fell 19.7% YoY to Rs 103.3 crore mainly due to lower circulation of copies.

Ebitda was down 27.8% to Rs 71.1 crore while margins at 20.5%, up 201 basis points YoY as the company benefitted from softened newsprint prices and cost rationalisation measures.

Consequently, reported profit after tax was at Rs 28.5 crore, down 62.3% YoY.

Click on the attachment to read the full report:

ICICI Direct DBCorp Q2FY21 Result Update.pdf

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