New Delhi : DB Corp Ltd, the publisher of Hindi daily Dainik Bhaskar, said that profit rose 22% to Rs. 55.3 crore in the quarter ended March 31 from a year earlier, on account of growth in advertising revenues.
The company’s total revenue grew 12% to Rs. 407.3 crore in the current quarter as against Rs. 364.2 crore in Q4 of last fiscal. Revenue from advertising was up 13% YOY at Rs. 297.5 crore in current period from Rs. 263.0 crore in Q4 of last fiscal.
Sudhir Agarwal, Managing Director, DB Corp Ltd said, “We ended the fiscal on a positive note, in a scenario which was impacted by contracting economic activity at a macro level and restrained consumer spending. We witnessed a healthy growth in our top line and overall profitability led by benefits of our growing internal efficiencies, continuous product innovation and market development”.
For the entire year 2012-13, DB Corp. posted revenue of Rs 16137 million and a net profit of Rs 2,306.06 million. The corresponding numbers for 2011-12 were Rs 14755 million and Rs 2,084.74 million. Shares of DB Corp Ltd ended up 3.82% at Rs 242.15 on BSE on a day the benchmark Sensex jumped 0.17% to close at 20247.33 points. (मिंट)