D B Corp has surged 8% to Rs 268 on reporting a strong 74% year-on-year (yoy) jump in its consolidated net profit at Rs 76 crore for the quarter ended June 30, 2013 (Q1 FY2014) on back of strong growth in advertising revenues. The media company had posted a consolidated net profit of Rs 43.65 crore in the same period of previous fiscal.
“Revenues from advertising reported a growth of around 21% yoy to Rs 345 crore reported quarter from Rs 286 crore in Q1 of last fiscal,” DB Corp said in a filing to the BSE.
EBIDTA or operating profit grew by impressive 65% yoy with EBIDTA margin for the quarter expanded to 30.3% at Rs 137 crore, against Rs 83 crore, in Q1 FY2013, it added.
The stock opened at Rs 250 and hit a high of Rs 272 on BSE. Around 24,000 shares have changed hands so far against an average 20,000 shares that were traded daily in past two weeks.
“Revenues from advertising reported a growth of around 21% yoy to Rs 345 crore reported quarter from Rs 286 crore in Q1 of last fiscal,” DB Corp said in a filing to the BSE.
EBIDTA or operating profit grew by impressive 65% yoy with EBIDTA margin for the quarter expanded to 30.3% at Rs 137 crore, against Rs 83 crore, in Q1 FY2013, it added.
The stock opened at Rs 250 and hit a high of Rs 272 on BSE. Around 24,000 shares have changed hands so far against an average 20,000 shares that were traded daily in past two weeks.
