D. B. Corp (DBCORP) Q4 06/07 earnings summary

Executive summary

• FY07 revenue grew 26.16% YoY to ₹6,724.21m; standalone PAT rose to ₹597.89m from ₹370.06m, supported by higher sales volume and operating efficiency.

• Expansion into radio, internet, mobile and events broadened the business mix; emerging newspaper editions remained loss-making while established editions generated positive EBITDA.

Financial highlights

• Standalone sales and other income: ₹6,724.21m vs ₹5,329.95m; EBITDA: ₹994.06m vs ₹805.72m; PBT: ₹672.98m vs ₹509.97m.

• Standalone PAT before prior-period items was ₹601.69m; after ₹3.80m prior-period expenditure, FY07 profit was ₹597.89m vs ₹370.06m.

• Consolidated revenue was ₹6,743.75m vs ₹5,329.95m; PBT before prior-period items was ₹620.79m vs ₹509.97m; FY07 profit was ₹541.61m vs ₹370.06m.

• Consolidated operating cash flow was ₹922.39m vs an outflow of ₹1,032.70m; capital investment drove investing cash outflow of ₹839.54m.

Outlook and guidance

• New newspaper editions typically require 3–4 years to stabilize and reach industry-standard earnings; management expected emerging editions to improve earnings after stabilization.

• Expansion and value-added business plans were in progress; My FM was on air at 12 of 17 licensed locations, with remaining operations expected to commence soon.

• Online plans included monetizable portal verticals, regional email services and mobile value-added services; portal revamp and commercial launch had been delayed by server delivery issues.