D B Corp Ltd Q4 FY2020 net profit declines to Rs. 24.05 crore

D B Corp Ltd has reported financial results for the period ended March 31, 2020.

Financial Results (Q4 FY19-20) - QoQ Comparison

The company has reported net sales of Rs.489.75 crores during the period ended March 31, 2020 as compared to Rs.601.83 crores during the period ended December 31, 2019.

The company has posted net profit of Rs.24.05 crores for the period ended March 31, 2020 as against Rs.81.62 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.1.37 for the period ended March 31, 2020 as compared to Rs.4.66 for the period ended December 31, 2019.

Financials	Q4 FY19-20	Q3 FY19-20	% Change
Total Income	₹ 489.75 crs	₹ 601.83 crs	-18.62%
Net Profit	₹ 24.05 crs	₹ 81.62 crs	-70.53%
EPS	₹ 1.37	₹ 4.66	-70.6%

Financial Results (Q4 FY19-20) - YoY Comparison

The company has reported net sales of Rs.489.75 crores during the period ended March 31, 2020 as compared to Rs.591.04 crores during the period ended March 31, 2019.

The company has posted net profit of Rs.24.05 crores for the period ended March 31, 2020 as against Rs.54.45 crores for the period ended March 31, 2019.

The company has reported EPS of Rs.1.37 for the period ended March 31, 2020 as compared to Rs.3.11 for the period ended March 31, 2019.

Financials	Q4 FY19-20	Q4 FY18-19	% Change
Total Income	₹ 489.75 crs	₹ 591.04 crs	-17.14%
Net Profit	₹ 24.05 crs	₹ 54.45 crs	-55.83%
EPS	₹ 1.37	₹ 3.11	-55.95%

Financial Results (Year ended FY 2019-20) - YoY Comparison

The company has reported net sales of Rs.2236.30 crores during the 12 months period ended March 31, 2020 as compared to Rs.2479.34 crores during the 12 months period ended March 31, 2019.

The company has posted net profit of Rs.256.26 crores for the 12 months period ended March 31, 2020 as against Rs.275.34 crores for the 12 months period ended March 31, 2019.

The company has reported EPS of Rs.15.70 for the 12 months period ended March 31, 2020 as compared to Rs.15.31 for the 12 months period ended March 31, 2019.

Financials	FY2019-20	FY2018-19	% Change
Total Income	₹ 2236.30 crs	₹ 2479.34 crs	-9.8%
Net Profit	₹ 256.26 crs	₹ 275.34 crs	-6.93%
EPS	₹ 15.70	₹15.31	2.55%

Commenting on the performance for Q4 & FY 2019-20, Mr. Sudhir Agarwal, Managing Director, DBCorp Ltd said, "The Fiscal 2020 was unprecedented in many aspects with the Industry facing headwinds on the back of weak consumer demand followed by the covid-19 pandemic which caused further challenges. The nation-wide lockdown led by the outbreak of covid-19, caused an immediate disruption to businesses, impacting revenues towards the end of Q4FY20 and continuing in Q1FY21. However, Group's hard work over the years has ensured that our financial and market position remain strong to withstand such challenging times.

While revenue growth in the recent quarters has been muted, our relentless cost optimization drive coupled with soft raw material prices helped in protecting bottom line. Going forward, as we expect opening of the economy over the coming weeks, we remain optimistic of an up-tick in advertising spends by companies looking to woo the consumers back, especially for our key markets which represents the non-metros, semi-urban and rural tier-II, tier-III & tier-IV where economic activity is expected to resume sooner.

With respect to our relative market position, we feel proud that our teams have once again demonstrated remarkable perseverance resulting in Dainik Bhaskar Group achieving and maintaining its position of No.1 Newspaper Group (Dailies) in India on readership (AIR) as well as circulation. It is also encouraging to note our recent progress in key markets of Rajasthan, Bihar and Gujarat and our efforts to improve performance will continue unabated.

Our ethos of editorial excellence, product innovation, cost rationalisation and circulation strategy will augur well for the Company and we are confident of returning with strong performances in the coming quarters."

Shares of D B Corp Ltd was last trading in BSE at Rs.78.95 as compared to the previous close of Rs. 72.7. The total number of shares traded during the day was 68734 in over 1678 trades.

The stock hit an intraday high of Rs. 80.45 and intraday low of 72.7. The net turnover during the day was Rs. 5392622.

Source : Equity Bulls

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