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D.B.Corp Q2 FY27 results: net profit down 26.6% to ₹68.62 crore, revenue down 5.5%
D.B.Corp Limited reported consolidated revenue of ₹580.81 crore in Q2 FY27, down 5.5% from ₹614.41 crore in Q2 FY26. EBITDA fell 34.2% to ₹90.87 crore and the EBITDA margin declined 6.9 percentage points to 15.6%, while net profit declined 26.6% to ₹68.62 crore and EPS to ₹3.85.
Key points
- Consolidated revenue was ₹580.81 crore in Q2 FY27, down 5.5% from ₹614.41 crore in Q2 FY26 and down 3.8% from ₹603.74 crore in Q1 FY27.
- EBITDA was ₹90.87 crore, down 34.2% from ₹138.14 crore in Q2 FY26 and 33.4% from ₹136.43 crore in Q1 FY27; the margin fell to 15.6% from 22.5% and 22.6%, respectively.
- Net profit was ₹68.62 crore, compared with ₹93.45 crore in Q2 FY26 and ₹100.72 crore in Q1 FY27; basic EPS was ₹3.85.
- H1 FY27 revenue was ₹1184.55 crore, up 0.9% from H1 FY26, while PAT was ₹169.35 crore, down 2.8% from ₹174.3 crore.
- The Printing Publishing and Allied Business segment reported revenue of ₹541.68 crore, down 5.3%, while Radio revenue was ₹39.17 crore, down 8.6%.
How did D.B.Corp perform in Q2 FY27?
D.B.Corp reported consolidated revenue of ₹580.81 crore in Q2 FY27, down 5.5% from ₹614.41 crore in Q2 FY26 and 3.8% from ₹603.74 crore in Q1 FY27. Total income was ₹614.27 crore, down 3.2% from ₹634.67 crore a year earlier and 2.8% from ₹632.04 crore in the previous quarter.
EBITDA was ₹90.87 crore in Q2 FY27, down 34.2% from ₹138.14 crore in Q2 FY26 and 33.4% from ₹136.43 crore in Q1 FY27. The EBITDA margin fell 6.9 percentage points year on year to 15.6% and 7.0 percentage points sequentially from 22.6%.
Net profit was ₹68.62 crore, down 26.6% from ₹93.45 crore in Q2 FY26 and 31.9% from ₹100.72 crore in Q1 FY27. Basic EPS was ₹3.85, compared with ₹5.24 a year earlier and ₹5.65 in Q1 FY27. On a standalone basis, revenue was ₹580.81 crore and PAT was ₹68.59 crore.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 580.81 | 603.74 | 614.41 | −5.5% | −3.8% |
| Other income | 33.46 | 28.30 | 20.26 | +65.2% | +18.2% |
| Total expenses | 521.41 | 497.83 | 508.42 | +2.6% | +4.7% |
| EBITDA | 90.87 | 136.43 | 138.14 | −34.2% | −33.4% |
| EBITDA margin | 15.6% | 22.6% | 22.5% | −6.9 pp | −7.0 pp |
| Profit before tax | 92.86 | 134.21 | 126.25 | −26.4% | −30.8% |
| Tax | 24.24 | 33.48 | 32.79 | −26.1% | −27.6% |
| Net profit | 68.62 | 100.72 | 93.45 | −26.6% | −31.9% |
| EPS (₹) | 3.85 | 5.65 | 5.24 | −26.5% | −31.9% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in D.B.Corp's costs and profit?
Total expenses rose 2.6% to ₹521.41 crore from ₹508.42 crore in Q2 FY26, driven by a ₹20.97 crore, or 12.9%, increase in cost of materials to ₹183.53 crore. Employee cost increased ₹1.49 crore, or 1.3%, to ₹119.08 crore, while depreciation rose ₹0.12 crore to ₹25.29 crore.
Other expenses fell ₹10.28 crore, or 5.2%, to ₹185.69 crore, while finance costs declined ₹0.80 crore, or 11.5%, to ₹6.18 crore. Other income increased ₹13.20 crore, or 65.2%, to ₹33.46 crore, partly offsetting the higher expenses. There was no exceptional item.
Profit before tax fell 26.4% to ₹92.86 crore from ₹126.25 crore in Q2 FY26. Tax expense declined 26.1% by ₹8.55 crore to ₹24.24 crore from ₹32.79 crore, and PAT consequently fell 26.6% to ₹68.62 crore. Management said newsprint costs increased by 14% during the quarter, primarily because of geopolitical uncertainties and related cost pressures.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 183.53 | 162.56 | +20.97 | +12.9% |
| Employee cost | 119.08 | 117.59 | +1.49 | +1.3% |
| Finance costs | 6.18 | 6.98 | −0.80 | −11.5% |
| Depreciation | 25.29 | 25.17 | +0.12 | +0.5% |
| Other expenses | 185.69 | 195.97 | −10.28 | −5.2% |
| Total expenses | 521.41 | 508.42 | +12.99 | +2.6% |
| Other income | 33.46 | 20.26 | +13.20 | +65.2% |
| Tax | 24.24 | 32.79 | −8.55 | −26.1% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For the first half of FY27, consolidated revenue was ₹1184.55 crore, up 0.9% from ₹1173.86 crore in H1 FY26. Total income rose 2.0% to ₹1246.31 crore from ₹1221.91 crore, while profit before tax fell 2.9% to ₹227.07 crore from ₹233.85 crore.
H1 FY27 PAT was ₹169.35 crore, down 2.8% from ₹174.3 crore in H1 FY26. Basic EPS declined 2.9% to 9.5 from 9.78, as the lower profit before tax was partly offset by a lower tax expense.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 1,185 | 1,174 | +0.9% |
| Profit before tax | 227.07 | 233.85 | −2.9% |
| Net profit | 169.35 | 174.30 | −2.8% |
| EPS (₹) | 9.50 | 9.78 | −2.9% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹3266.88 crore, compared with ₹3196.58 crore at 31 March 2026, while total equity increased to ₹2508.08 crore from ₹2428.81 crore. Borrowings fell to ₹2.39 crore from ₹21.0 crore, and cash declined to ₹71.43 crore from ₹106.23 crore.
Inventories rose to ₹264.04 crore from ₹215.46 crore, and trade receivables increased to ₹521.56 crore from ₹464.1 crore. H1 FY27 operating cash flow was ₹96.01 crore, compared with ₹76.22 crore in H1 FY26; investing cash flow was ₹1.54 crore against ₹13.84 crore, and financing cash flow was a negative ₹132.35 crore against a negative ₹116.59 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 3,267 | 3,197 |
| Total equity | 2,508 | 2,429 |
| Borrowings | 2.39 | 21 |
| Cash and equivalents | 71.43 | 106.23 |
| Inventories | 264.04 | 215.46 |
| Trade receivables | 521.56 | 464.10 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 96.01 | 76.22 |
| Cash from investing | 1.54 | 13.84 |
| Cash from financing | −132.35 | −116.59 |
| Capital expenditure | 44.44 | 35.51 |
Source: Company's results filing (XBRL).
How has D.B.Corp done over the last 8 quarters?
Revenue in the reported trend reached its highest level at ₹642.65 crore in Q3 FY25 and its lowest at ₹547.66 crore in Q4 FY25. It later moved between ₹559.45 crore and ₹614.41 crore through Q2 FY26, and reached ₹580.81 crore in Q2 FY27 after ₹603.74 crore in Q1 FY27.
PAT peaked at ₹118.21 crore in Q3 FY25 and bottomed at ₹52.33 crore in Q4 FY25. It was ₹100.72 crore in Q1 FY27 before falling to ₹68.62 crore in Q2 FY27, while the EBITDA margin declined from 22.6% to 15.6% over the latter quarter.
Which businesses drove the quarter?
The Printing Publishing and Allied Business segment reported revenue of ₹541.68 crore in Q2 FY27, down 5.3% from ₹571.79 crore in Q2 FY26. Segment EBIT was ₹77.99 crore, compared with ₹109.95 crore in the year-ago quarter, and the reported EBIT margin was 14.4%.
The Radio segment reported revenue of ₹39.17 crore, down 8.6% from ₹42.87 crore in Q2 FY26. EBIT was ₹7.4 crore compared with ₹9.4 crore a year earlier, and the reported EBIT margin was 18.9%.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Printing Publishing and Allied Business | 541.68 | −5.3% | 77.99 | 14.4% |
| Radio | 39.17 | −8.6% | 7.40 | 18.9% |
Source: Company's results filing (XBRL segment data).
What did D.B.Corp's management say?
Management reiterated the prior full-year target of high single-digit to early double-digit advertising revenue growth. Management said Navratri moved about ₹40 crores of advertising revenue from Q2 into Q3 and that advertising revenue and EBITDA showed positive single-digit growth on a like-to-like basis excluding the festive shift.
Management identified geopolitical conditions and freight pressure, continued circulation softness in non-core markets, digital MAU contraction, staffing instability in the digital business and monsoon disruption in Rajasthan as risks. It also said the Board would decide on any further cash distribution at its next meeting, while giving no numerical guidance on EBITDA, PAT, digital performance or dividend.
How did D.B.Corp shares react?
The stock fell 0.9% within 5 minutes of the filing, 2.6% after 15 minutes and 2.7% after 30 minutes. It closed 7.7% lower on the reaction day from the previous close and was also down 7.7% by the next day's close and 17.8% by the fifth day's close, cumulatively from the pre-results close.
The Media industry median rose 0.7% on the reaction day and 1.0% by the next close before falling 3.7% by the fifth day. D.B.Corp underperformed the industry median by 8.5 percentage points on the reaction day, 8.7 percentage points by the next close and 14.1 percentage points by the fifth close.
Earlier results-day moves were mixed: the stock rose 1.2% on 16 July 2026, fell 1.7% on 11 May 2026 and 3.2% on 15 January 2026, rose 6.1% on 16 October 2025 and 4.5% on 16 July 2025, and fell 2.8% on 16 January 2026, 6.8% on 15 October 2024 and 4.7% on 16 July 2024.
| After the filing | Stock | Media median |
|---|---|---|
| 5 minutes | −0.9% | |
| 15 minutes | −2.6% | |
| 30 minutes | −2.7% | |
| Reaction day | −7.7% | +0.7% |
| Next day | −7.7% | +1.0% |
| 5 days | −17.8% | −3.7% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 16 July 2026 | +1.2% |
| 11 May 2026 | −1.7% |
| 15 January 2026 | −3.2% |
| 16 October 2025 | +6.1% |
| 16 July 2025 | +4.5% |
| 16 January 2025 | −2.8% |
| 15 October 2024 | −6.8% |
| 16 July 2024 | −4.7% |
Source: MarketPing price-reaction measurement.
Quick answers
What was D.B.Corp's revenue in Q2 FY27?
Revenue from operations was ₹580.81 crore, down 5.5% from ₹614.41 crore in Q2 FY26 (consolidated).
Did D.B.Corp make a profit in Q2 FY27?
Yes. Net profit was ₹68.62 crore, against a net profit of ₹93.45 crore in Q2 FY26.
What was D.B.Corp's EPS in Q2 FY27?
Basic earnings per share were ₹3.85, against ₹5.24 in Q2 FY26.
How did D.B.Corp shares react to the Q2 FY27 results?
On the reaction day the stock moved −7.7% from the previous close; the median Media stock moved +0.7%.
When did D.B.Corp announce its Q2 FY27 results?
On 15 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Board Meeting Scheduled To Be Held On Thursday, October 15, 2026 (BSE, 8 October 2026) · PDF
- Board Meeting Outcome for Unaudited Financial Results (Standalone And Consolidated) Of The Company For The 2Nd Quarter And Half Year Ended September 30, 2026 (BSE, 15 October 2026) · PDF
- Unaudited Financial Results (Standalone And Consolidated) Of The Company For The 2Nd Quarter And Half Year Ended September 30, 2026 (BSE, 15 October 2026) · PDF
- The earnings call (21 October 2026)
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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