India’s largest print media company, D B Corp, reported muted Q1FY16 as compared to same period last year, due to last year’s better-than-normal show, on account of general elections. Print advertising revenue, which accounts for nearly two-thirds of company’s consolidated revenues, came in at Rs. 311 crore, de-growing 3% QoQ, while the YoY fall was more severe at 10%, due to election spend in the first quarter of last year. Although print circulation revenue improved 16% YoY and 4% QoQ to Rs. 102 crore, due to yield driven growth, consolidated total revenue still showed a fall of nearly 3% in the current quarter, at Rs. 480 crore. EBITDA for mature business (print over 4 years) reported margin of 34%.

Emerging business ad revenue, however posted healthy growth – radio by 4% YoY to Rs. 22 crore and digital media by 72% to Rs.10 crore. Net profit for quarter ended 30-6-15 stood at Rs. 66 crore, as against Rs. 64 crore in Q4FY15 and Rs. 79 crore in Q1FY15, resulting in EPS of Rs. 3.62 for Q1FY16 versus FY15 EPS of Rs. 17.23.