D B Corp trims gains after striking record high in volatile trade

D B Corp rose 0.31% to Rs 306.20 in volatile trade after consolidated net profit rose 33.85% to Rs 94.50 crore on about 18.62% growth in total revenue to Rs 525.40 crore in Q3 December 2013 over Q3 December 2012.

The company announced Q3 results during trading hours today, 16 January 2014.

Meanwhile, the S&P BSE Sensex was down 45.28 points or 0.21% at 21,244.21

On BSE, 38,960 shares were traded in the counter as against average daily volume of 32,700 shares in the past one quarter.

The stock turned volatile after declaring Q3 result. The stock rose as much as 5.32% at the day's high of Rs 321.50 so far during the day, also its record high. The stock fell as much as 1.8% at the day's low of Rs 299.75 so far during the day. The stock had hit a 52-week low of Rs 210.05 on 26 March 2013.

The stock had outperformed the market over the past one month till 15 January 2014, rising 10.8% compared with the Sensex's 2.77% rise. The scrip also outperformed the market in past one quarter, jumping 21.69% as against Sensex's 3.61% rise.

The mid-cap company has equity capital of Rs 183.42 crore. Face value per share is Rs 10.

D B Corp's revenues from advertising rose 18.2% to Rs 403.50 crore in Q3 December 2013 over Q3 December 2012.

Earnings before interest, taxes, depreciation and amortization (EBITDA) grew 31% to Rs 162.30 crore in Q3 December 2013 over Q3 December 2012. EBITDA margin rose to 31% in Q3 December 2013 from 28% in Q3 December 2012.

Radio business advertising revenues expanded by 25% to Rs 23.90 crore in Q3 December 2013 over Q3 December 2012. Radio business EBIDTA rose 54% to Rs 11.30 crore in Q3 December 2013 over Q3 December 2012. Radio business EBITDA margin stood at 47% in Q3 December 2013. Radio business net profit rose 21% to Rs 5.7 crore in Q3 December 2013 over Q3 December 2012.

D B Corp is India's largest print media company that publishes 8 newspapers with 66 editions, 199 sub-editions in 4 multiple languages across 13 states in India.

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