Media firm DB Corp today reported 37.41 per cent rise in consolidated net profit at Rs 75.92 crore for the fourth quarter ended March 31, 2014.
The company had posted a consolidated net profit of Rs 55.25 crore in the same period of previous fiscal, DB Corp said in a filing to the BSE.
Total consolidated income from operations stood at Rs 454.16 crore in January-March quarter, compared to Rs 398.10 crore during the same period of previous fiscal.
For the financial year 2013-14, DB Corp's consolidated net profit increased to Rs 306.64 crore. It was Rs 218.13 crore in 2012-13.
DB Corp's total consolidated income increased to Rs 1,859.75 crore in 2013-14 from Rs 1,592.31 crore in 2012-13.
"We have delivered a robust operating performance this year amidst a challenging marketing network. Our focus on sustaining and extending leadership in the core market, consistent focus on operational efficiencies as well as strong performance across non-print segments have enabled us to report significant growth," DB Corp Managing Director Sudhir Agarwal said.
On future outlook, he said that DB Corp would continue to capitalise on the consumption potential of 'un-metro' markets.
DB Corp publishes eight newspapers in Hindi, Gujarati, English and Marathi languages, including Dainik Bhaskar, Divya Bhaskar and Saurashtra Samachar.
It has also presence in the FM Radio segment through 'My FM' in 17 cities of seven states.
DB Corp's shares today closed at Rs 279.85 on the BSE, down 1.51 per cent from its previous close.
