D.B.Corp Limited has informed the Exchange about Transcript
DBCORP · price
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Awaiting price reaction for this filing.
D.B.Corp reported Q1 FY26 revenue of INR 5,872 million, down about 5% from INR 6,163 million a year ago, dragged by a ~40% drop in government and political advertising after last year's election-heavy base. Excluding the election base, advertising revenue grew at a low single digit, with strong category-level growth in real estate (+27%), jewellery (+18%), healthcare (+17%), and education (+10%). EBITDA fell to INR 1,384 million from INR 1,909 million, and net profit dropped to INR 808 million from INR 1,179 million, as higher other expenses (circulation and digital push) of INR 178 crores weighed on margins. Print business EBITDA margin expanded sharply to 31% from 23% in Q4 FY25, and management said newsprint prices (INR 47,100/MT) are stable. Digital monthly active users rose to about 22 million with 11 minutes spent per visit, but management declined to give a breakeven timeline. Board declared an interim dividend of INR 5 per share, and the promoter group is continuing to buy shares from the market.
The headline numbers look weak year-on-year purely because of last year's election base, and management's underlying message is positive with strong category momentum and Q2 already described as 'decent,' which may support sentiment. However, margin pressure from elevated circulation and digital spending, combined with management's avoidance of specific margin and digital profitability guidance, keeps the near-term outlook mixed for shareholders.