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Media firm DB Corp today reported 23.78 per cent rise in consolidated net profit at Rs 60.16 crore for the second quarter ended September 30, 2013.
The company had posted a consolidated net profit of Rs 48.60 crore in the same period of previous fiscal, DB Corp said in a filing to the BSE.
Total consolidated income from operation of the company stood at Rs 437.97 crore in July—September quarter, compared to Rs 378.36 crore during the same period of previous fiscal.
“We maintain our brand equity and leadership position in all our major markets and have made noteworthy progress in our performance in emerging editions,” DB Corp Managing Director Sudhir Agarwal said.
On the future outlook, he said that DB Corp would continue to capitalise on the consumption potential of the Tier 2 and 3 cities.
Consolidated revenue from advertising grew 17 per cent to Rs 329.7 crore during the quarter as against Rs 282.6 crore in the same period of last fiscal.
In the first half of the fiscal, company’s consolidated advertising revenues grew by 19 per cent to Rs 674.4 crore as against Rs Rs 568.8 crore in the year—ago period.
D B Corp’s consolidated total revenue for the first half of the fiscal stood at Rs 895.8 crore as compared to Rs 763.8 crore, a growth of 17 per cent.
The company’s share closed at Rs 247.35 apiece on the BSE, down 1.40 per cent from previous close.
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