DB Corp shares rise to a 7-year high after Q1 results, dividend announcement

The stock hit an intraday high of ₹403.9 on the National Stock Exchange (NSE). At 2:01 pm, it erased all gains and was trading at ₹380.4, down 0.5%.

The company reported a 6.4% increase in its revenue from operations to ₹589.8 crore in Q1 FY25 as against ₹554.1 crore in the same period last year.

DB Corp's net profit rose 49.6% to ₹117.8 crore in the first quarter of FY25 as compared to ₹78.7 in the year-ago period. Sequentially, the net profit surged 3.8%, the regulatory filing said.

It also announced a dividend of ₹7 per share of ₹10 face value for FY25.

EBITDA, or earnings before interest, tax, depreciation and amortisation, grew by 40.4% year-on-year to ₹190.9 crore, and the margin expanded to 31% for the June quarter.

Commenting on Q1 performance, Sudhir Agarwal, Managing Director, DB Corp, said, "Our first quarter results are particularly impressive considering the dip in government billing due to the election code of conduct. We are maintaining our growth trajectory across our print, radio, and digital platform."

The company's revenue from advertising grew by 8.4% to ₹437.7 crore, while the circulation revenue fell 0.7% to ₹119.2 crore.