DB Corp hits 52-week high

Q3 operating profit margin improved by 308 bps yoy to 27.1% on account of reduction in losses in emerging editions.

DB Corp has rallied 8% to Rs 249 on BSE, its highest level since August 2011, after reporting over 300 bps year-on-year (yoy) expansion in operating margins for the third quarter ended December 31, 2012.

EBITDA (earnings before interest, taxes, depreciation, and amortization) or operating profit margin improved by 308 bps yoy to 27.1% on account of reduction in losses in emerging editions.

The company engaged in publishing business said its consolidated net profit grew 28% at Rs 70.60 crore, while total revenues were up 11% at Rs 443 crore on yoy basis.

Meanwhile, the board has declared an interim dividend of Rs 2 per equity share of face value of Rs 10 each, for the financial year 2012-13.

The stock opened at Rs 234 and has seen over four-fold jump in trading volumes. A combined 656,122 shares have already changed hands on the counter so far against an average sub 150,000 shares that were traded daily in past two weeks.