D. B. Corp Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 26, 2023 at 02:58 am EDT
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D. B. Corp Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 5,860.41 million compared to INR 5,383.8 million a year ago. Revenue was INR 6,019.38 million compared to INR 5,486.16 million a year ago. Net income was INR 1,002.56 million compared to INR 487.8 million a year ago. Basic earnings per share from continuing operations was INR 5.63 compared to INR 2.75 a year ago. Diluted earnings per share from continuing operations was INR 5.63 compared to INR 2.74 a year ago.
For the six months, sales was INR 11,402.37 million compared to INR 10,324.7 million a year ago. Revenue was INR 11,755.45 million compared to INR 10,480 million a year ago. Net income was INR 1,790.15 million compared to INR 797.8 million a year ago. Basic earnings per share from continuing operations was INR 10.06 compared to INR 4.5 a year ago. Diluted earnings per share from continuing operations was INR 10.04 compared to INR 4.48 a year ago.
D.B. Corp Limited is an India-based print media company, which is engaged in the sale of newspapers and magazines, and advertisement revenue. The Company also has a presence in the radio and digital sectors. The Company's principal business activities include print, radio, and digital. The Print Business includes newspaper, magazines and printing job work. Its Magazines & Supplements include Aha! Zindagi, Bal Bhaskar, Young Bhaskar, Madhurima, Navrang, Kalash, Dharmdarshan, Rasik and Lakshya. The Radio Business includes the broadcasting of radio 94.3 my Frequency modulation (FM). Its brands in publishing business include Dainik Bhaskar (Hindi daily), Divya Bhaskar and Saurashtra Samachar (Gujarati dailies), Divya Marathi (Marathi daily) and DB Star. The Digital business includes the Websites dainikbhaskar.com, divyabhaskar.com, divyamarathi.com, homeonline.com, and moneybhaskar.com.