Media firm DB Corp today reported 13.19 per cent rise in consolidated net profit at Rs 68.10 crore for the second quarter ended September 30, 2014-15, due to growth in advertisement revenue.
The company had posted net profit of Rs 60.16 crore in the July-September quarter of the previous fiscal, DB Corp said in a filing to the BSE.
The total consolidated income from operations increased 9.64 per cent to Rs 480.20 crore during the quarter, compared to Rs 437.97 crore in the year-ago period.
"We are happy to report a quarter of satisfactory performance driven by satisfactory advertisement revenue growth with strong traction from segment such as FMCG, real estate, auto and life style categories," said DB Corp Managing Director Sudhir Agarwal.
He said DB Corp would continue to capitalise on emerging markets.
"On an overall basis, we have ensured that our legacy and emerging markets maintain a steady growth as we continue to focus on delivering a content backed news product that has become integral part in the lives of our readers in various age-groups and with diverse market," Agarwal said.
Consolidated revenue from advertising in Q2 grew 9.24 per cent to Rs 361 crore, up from Rs 331.1 crore in the same period last fiscal.
For the first half of the 2014-15 fiscal, DB Corp's consolidated net profit has increased by 8.05 per cent to Rs 147.23 crore as against Rs 136.26 crore in the year-ago period.
Consolidated total income in H1 also increased 9.24 per cent to Rs 969.40 crore, as against Rs 887.39 crore in the same period last year.
DB Corp publishes 7 newspapers including 37 editions of Dainik Bhaskar, 7 editions of Divya Bhaskar and 7 editions of Divya Marathi.
Shares of the company were trading at Rs 365.55 per scrip on the BSE in late afternoon, up 3.78 per cent from the previous close.
