DB Corp matched street expectations on Thursday by reporting a 11.2 percent growth in consolidated net profit at Rs 105.1 crore for the quarter ended December 2014. Profit in the year-ago period was Rs 94.5 crore.
DB Corp matched street expectations on Thursday by reporting a 11.2 percent growth in consolidated net profit at Rs 105.1 crore for the quarter ended December 2014. Profit in the year-ago period was Rs 94.5 crore.
PAT growth was supported by operating profit but was impacted by lower other income and higher tax & finance cost.
Consolidated total income of the print media company grew by 7 percent to Rs 554.6 crore during October-December quarter from Rs 518.2 crore in the year-ago period. Total expenses increased to Rs 392.2 crore from Rs 379.2 crore during the same period.
Operating profit (EBITDA) shot up 19.4 percent year-on-year to Rs 185 crore and margin expanded by 340 basis points to 33.3 percent in the quarter gone by.
Other income declined to Rs 2.86 crore during the quarter from Rs 7.42 crore while finance cost jumped to Rs 3.18 crore from Rs 1.32 crore on year-on-year basis.
At 12:06 hours IST, the stock was quoting at Rs 397.80, down Rs 0.20, or 0.05 percent on the BSE.
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