DB Corp Q2 Results Sees Revenue of ₹558.95 Crores and Profit Decline

DB Corp Q2 Results: DB Corp’s financial results for Q2 2024 show significant challenges for the company. The Total Revenue was ₹558.95 crores, which is a decline of 4.62% YoY compared to ₹586.04 crores in Q2 2023. This drop indicates that the company is earning less than it did last year at the same time. Looking at the Quarter-on-Quarter (QoQ) performance, revenue fell by 5.24%, down from ₹589.85 crores in Q1 2024. The Selling, General, and Administrative (SG&A) Expenses also increased to ₹113.3 crores, rising by 3.96% YoY and 5.85% QoQ, which shows that the company's operational costs are going up even as revenue decreases. 

DB Corp’s Operating Income dropped significantly, falling by 31.63% QoQ from ₹136.74 crores in Q1 2024 and down 23.82% YoY from ₹122.72 crores in Q2 2023. The Net Income, which reflects the company’s profit, was ₹82.57 crores, a decline of 17.64% YoY compared to ₹100.26 crores last year. This shows a tough quarter for DB Corp, with declining revenues and rising expenses affecting overall profitability.

Here’s a summary of DB Corp's Q2 results for 2024, presented in simple English and table format:

(Rs. in crores, except the shares)

Source: Here 

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DB Corp Q2 Results

The DB Corp table presents financial information for the company for the quarter ending September 30, 2024, and compares it with previous quarters and the previous year. The first key figure is Revenue from operations, which shows how much money the company made from its main business activities. For September 2024, the revenue was 5,580.50 million rupees, a decrease from 5,898.51 million rupees in June 2024, but it was higher than the previous year’s 8,864.19 million rupees.

In September 2024, DB Corp’s total was 5,805.78 million rupees. The company then details its Expenses, which include costs like materials, employee benefits, and other operational costs. The total expenses for September 2024 were 4,731.71 million rupees.

DB Corp calculates its Profit before tax, which was 1,074.07 million rupees. The tax expense was 129.57 million rupees, leading to a Net profit of 944.50 million rupees for the period. Finally, the table shows Earnings per Share (EPS), a measure of the company's profitability for each share, which was 5.43 rupees. Overall, this table provides a comprehensive view of DB Corp's financial performance over time, helping stakeholders assess its profitability and operational efficiency.

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DB Corp Stock Performance

DB Corp’s market cap, ₹ 5,846 crore, tells us how valuable the company is in the stock market. The current price of its shares is ₹ 328, while the highest price was ₹ 405 and the lowest was ₹ 236. The price-to-earnings (P/E) ratio of 13.1 shows how investors value the company’s earnings. A book value of ₹ 120 means the company's assets are worth that much per share. The dividend yield of 3.95% indicates the return on investment for shareholders. 

Here’s a summary of the key financial metrics you provided:

Quarterly Results 

In the quarters of March, June, and September 2024, DB Corp showed a mix of performance indicators. In March, the company had sales of ₹617 crores and a net profit of ₹123 crores, with an operating profit margin (OPM) of 28%. By June, sales decreased slightly to ₹590 crores, and net profit dropped to ₹118 crores, but the OPM remained the same at 28%. In September, sales further declined to ₹559 crores, and net profit fell to ₹83 crores, with the OPM dropping to 22%. 

Here’s the summary for the selected quarters (Mar 2024, Jun 2024, Sep 2024) with their particulars:

(Consolidated Figures in Rs. Crores)

About DB Corp

D B Corp is a leading print media company in India that is well-known for its newspapers. It focuses on Tier II and Tier III cities, which are growing quickly compared to bigger cities. The company publishes several newspapers, including Dainik Bhaskar in Hindi, Divya Bhaskar in Gujarati, and Divya Marathi in Marathi. D B Corp is present in 12 states and offers a total of 61 editions in these three languages.

Dainik Bhaskar is the largest circulated daily newspaper in India, with a readership of around 6.62 crores, according to a 2019 survey. The company believes in the trustworthiness of print media, especially during times when fake news is common. With its strong presence in smaller cities, D B Corp has seen growth in readership and advertising, making it an essential part of India’s media landscape.