DB Corp Ltd (NSE:DBCL) Q1 2020 Earnings Conference Call - Final Transcript

Jul 18, 2019 • 07:00 am ET


DB Corp Ltd (NSE:DBCL) Q1 2020 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, good day, and welcome to the D. B. Corp Limited Q1 FY'20 Earnings Conference Call. [Operator Instructions] Please note that this conference is being recorded.

I now hand the conference over to Ms. Hina Agarwal. Thank you, and over to you ma'am.

Hina Agarwal

Thank you. Good evening, everyone. Welcome to Q1 FY'20 conference call of D. B. Corp Limited. We will be sharing the key operating and financial highlights for the quarter ended 30th June 2019. We have with us today the senior management team of D. B. Corp Limited Mr. Pawan Agarwal, Deputy Managing Director; Mr. Girish Agarwaal, Non Executive Director; Mr. Lalit Jain, GM Finance and Accounts; and Mr. Prasoon Kumar Pandey, Head, Investor and Media Relations will represent D. B. Corp on the call.

Before we begin, I would like to state some of the statements made in today's discussion maybe forward-looking in nature and may involve risks and uncertainties. Documents relating to company's financial performance has already been emailed to you.

I invite Mr. Agarwal to share this outlook on D. B. Corp's performance for this quarter.

Pawan Agarwal

Thank you, Hina, and good evening, everyone.

Let me begin the call by highlighting key financial performance for the quarter ended June 2019 followed by the recent significant development and strategy undertaken by the company to maintain and strengthen the leadership position across market segments.

Beginning with our performance during quarter one FY'20, the company reported advertising revenues of INR4,420 million and circulation revenues of INR1,314 million.

Total consolidated revenues stood at INR6,112 million. EBITDA for the quarter stood at INR1,796 million with an EBITDA margin of 29%. EBITDA increased by around 85 million as per Ind AS 116. Leases, which is added in depreciation and finance costs and hence negative 9 million impact in PAT. We reported PAT of INR937 million for the quarter.

As a ongoing strategy during the quarter as well, we continue to make efforts towards both editorial and circulation expansion initiatives to further strengthen our dominance in all the major markets of presence. Our relentless focus on reader engagement and circulation extension initiatives are aimed to remain relevant and to retain existing readers as well as to arouse interest amongst non-readers. Riding on our new strong product and our brand strength, we are determined to achieve greater progress over the next few quarters.

Reader engagement activities have always been the core to our circulation growth strategy. Our efforts to further drive the circulation growth, we have recently launched a print media campaign Life Badal jayegi, Boss across our markets in Hindi, Gujarati and Marathi languages. We have roped in Bollywood Superstar Salman Khan for this campaign to create a higher impact on the [Indecipherable] and to ensure high visibility for the scheme.

DBCL Radio business continues to maintain leadership position in all significant markets. Radio advertising revenue for this quarter stood at INR377 million, a growth of 19% Y-o-Y. EBITDA grew by 84% Y-o-Y to INR131 million with an EBITDA margin of 35%.