D. B. Corp (DBCORP) Q4 14/15 earnings summary

Executive summary

• FY15 consolidated revenue rose 8.06% to ₹20,353m; EBITDA grew 12.17% to ₹5,879m and margin improved to 28.9% from 27.8%.

• Consolidated PAT was ₹3,163m; adjusted for the prior-year ₹149m one-time tax benefit, PAT grew 8.45% YoY. Consolidated EPS was ₹17.23.

• Growth was led by radio and digital, while print revenue grew steadily; strategy prioritised advertising yield, regional expansion, digital scale and operating efficiency.

Financial highlights

• Consolidated revenue from operations increased 8.06% to ₹20,096m; total revenue including other income reached ₹20,353m versus ₹18,836m.

• EBITDA rose 12.17% to ₹5,879m; EBITDA margin was 28.9% versus 27.8% YoY.

• Consolidated PAT was ₹3,163m versus ₹3,066m reported; excluding prior-year one-time tax gain of ₹149m, PAT grew 8.45% to ₹3,163m from ₹2,917m.

• Advertising revenue grew 7%; circulation revenue advanced 16.2% to ₹3,755m. Standalone EPS was ₹17.27 versus ₹16.70.

Outlook and guidance

• Yield improvement and right pricing were identified as key priorities for the coming year; annual contracts with large clients targeted healthier yields, inventory use and revenue predictability.

• Planned growth priorities include deeper regional-market presence, selective entry into new markets, scaling digital and mobile users, and expansion through Phase III radio auctions.

• Planned digital launches included an e-real estate portal and a video and entertainment portal; digital was positioned as a key complement to print growth.