22 July 2011

DB Corp. :: 1QFY2012 Result Review by Angel Broking,

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DB Corp.
DB Corp. reported its 1QFY2012 numbers with consolidated revenue growth of 18.4%
yoy/11.5% qoq to `353cr (`298cr/`317cr). Advertising revenue grew by 20.2% yoy/13.8%
qoq to `283cr (`235cr/`249cr), while circulation revenue grew by 5.8% yoy/down 6.4%
qoq to `56.8cr (`53.7cr/`53.4cr). Recurring consolidated earnings declined by 14.8%
yoy/though grew strongly by 48% qoq to `61cr (`72cr/`36cr). Operating margin declined
by 966bp yoy, though it improved by 329bp qoq. A detailed note would be released post
the conference call with the management. The stock is currently under review.

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