D B Corp Ltd has reported financial results for the period ended December 31, 2020.
Financial Results (Q3 FY20-21) - QoQ Comparison
The company has reported total income of Rs.496.58 crores during the period ended December 31, 2020 as compared to Rs.349.78 crores during the period ended September 30, 2020.
The company has posted net profit / (loss) of Rs.99.03 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.28.52 crores for the period ended September 30, 2020.
The company has reported EPS of Rs.5.65 for the period ended December 31, 2020 as compared to Rs.1.63 for the period ended September 30, 2020.
|
Total Income | ₹ 496.58 crs | ₹ 349.78 crs | 41.97% |
Net Profit | ₹ 99.03 crs | ₹ 28.52 crs | 247.23% |
EPS | ₹ 5.65 | ₹ 1.63 | 246.63% |
Financial Results (Q3 FY20-21) - YoY ComparisonThe company has reported total income of Rs.496.58 crores during the period ended December 31, 2020 as compared to Rs.601.83 crores during the period ended December 31, 2019.
The company has posted net profit / (loss) of Rs.99.03 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.81.62 crores for the period ended December 31, 2019.
The company has reported EPS of Rs.5.65 for the period ended December 31, 2020 as compared to Rs.4.66 for the period ended December 31, 2019.
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Total Income | ₹ 496.58 crs | ₹ 601.83 crs | -17.49% |
Net Profit | ₹ 99.03 crs | ₹ 81.62 crs | 21.33% |
EPS | ₹ 5.65 | ₹ 4.66 | 21.24% |
Financial Results (9 Months ended FY 20-21) - YoY ComparisonThe company has reported total income of Rs.1062.05 crores during the 9 months period ended December 31, 2020 as compared to Rs.1746.55 crores during the 9 months period ended December 31, 2019.
The company has posted net profit / (loss) of Rs.79.51 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.250.92 crores for the 9 months period ended December 31, 2019.
The company has reported EPS of Rs.4.53 for the 9 months period ended December 31, 2020 as compared to Rs.14.33 for the 9 months period ended December 31, 2019.
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Total Income | ₹ 1062.05 crs | ₹ 1746.55 crs | -39.19% |
Net Profit | ₹ 79.51 crs | ₹ 250.92 crs | -68.31% |
EPS | ₹ 4.53 | ₹14.33 | -68.39% |
Commenting on the performance for 9 Months FY 2020-21, Mr. Sudhir Agarwal, Managing Director, DB Corp Ltd said, "Fiscal 2021 has undoubtedly been a challenging and difficult year for all of us. With the brightest minds in the world working together, there finally seems to be some light at the end of this long and arduous tunnel and hopefully the widespread availability of the vaccine will help all of us get a semblance of normalcy back in our lives.
The Print Industry undoubtedly dealt a severe blow by the pandemic and while the economy gets back on track slowly, Tier-II and Tier-III cities have not only bounced back stronger than most of the country but are leading the charge and have seen considerable improvement, especially in the festive season. The pandemic has further strengthened the divide between India and Bharat when it comes to the Print Industry. Indian language newspapers are doing well not only in circulation numbers and pagination, but as advertisers turn their focus from the metros to smaller cities, advertising revenue is also set to see growth.
For Dainik Bhaskar Group, the advertising revenues have seen a significant increase and our sustainable cost optimisation measures have given us permanent gains and this is reflected in improved operating performance. We are hopeful that this will set the pace for the forthcoming fiscal."
Shares of D B Corp Ltd was last trading in BSE at Rs.79.4 as compared to the previous close of Rs. 80.2. The total number of shares traded during the day was 14117 in over 328 trades.
The stock hit an intraday high of Rs. 80.75 and intraday low of 79.25. The net turnover during the day was Rs. 1132253.
Source : Equity Bulls
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