D.B.Corp Limited — Interim / Quarterly Report 2020

Jul 18, 2019

July 18, 2019

The Manager (Listing - CRD) BSELimited PJ Tower, Dalal Street, Fort Mumbai - 400 001.

The Manager (Listing Department) The National Stock Exchangeof India Limited Bandra-Kurla Complex, Bandra (East) Mumbai - 400 051.

Dear Sirs,

• Sub.: Outcome of the proceedings of the Meeting of the Board of Directors of the Company held today i.e. on July 18, 2019.
• Ref.: Regulations 30 and 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 ["Listing Regulations"].

BSE- Scrip Code: 5'33151- SYMBOL:DBCORP NSE- SYMBOL: DBCORP- Series: EQ

We would like to inform you that at the Meeting of the Board of Directors of the Company held today i.e. Thursday, July 18, 2019, the Board, inter alia, transacted the following business:

Considered and approved the Un-audited Financial Resultsof the Company for the 1st Quarter of the FY2019-20 ended on so" June, 2019 (on standalone and consolidated basis) along with the Limited Review Report.

Enclosedherewith is the copy of the said results and the Limited Review Report.

We are also attaching a copy of the 'Press Release' in connection with the Un-audited Financial Results for 1st quarter of the FY2019-20 ended on June 30, 2019. We request you to take the same on record.

The said Board Meeting commenced at 11.00 a.m. and concluded at 12.15 p.m.

Thanking you.

Yourstruly, For D. B.Corp Limited

Anita Gokhale Company Secretary & Compliance Officer Encl.:a/a

India'sLargestNewspaperGroup 13 States 65 Editions 4 Languages

Regd.Office: D.B.Corp l.td., Plot No.280, Sarkhej-GandhinagarHighway,NearYMCA Club,Makarba,Ahmedabad (Gujarat) BusinessOffice: D.B. Corp Ltd., 501, 5th Floor,Naman Corporate Link, Opp. Dena Bank, C-31, G-Block, Bandra Kurla Complex,Bandra (East), Mumbai- 400051 Tel:+91 22 7157 7000· Fax:+91 2239804793' CIN Number: L22210GJ1995PLC047208' Website: www.bhaskarnel.com

The Board of Directors D. B. Corp Limited Plot no. 280 Sarkhej Gandhi Nagar Highway Near YMCAClub, Makarba Ahmedabad, Gujarat - 380051

• 1. We have reviewed the unaudited financial results ofD. B.Corp limited (the "Company") for the quarter ended June 30, 2019 which are included in the accompanying' Statement of unaudited standalone financial results for the quarter ended June 30, 2019' (the "Statement"). The Statement has been prepared by the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "Listing Regulations, 2015"), which has been initialled by us for identification purposes.
• 1. This Statement, which is the responsibility of the Company's Management and approved by the Board ofDirectors,has been prepared in accordancewiththe recognition and measurement principles laiddown in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generallyaccepted in India Our responsibility isto express a conclusion on the Statement based on our review.
• 1. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement.
• 1. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and, accordingly, we do not express an audit opinion.
• 1. Based on our review conducted as above, nothinghas come to our attention that causes us to believe that the Statement has not been prepared in all material respects in accordance with the applicable Accounting Standards prescribed under Section 133of the Companies Act, 2013 and other recognised accounting practices and policies, and has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Price Waterhouse Chartered Accountants LLP Finn Registration Number: FRN0l2754NjN5000l6

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----- Jeetendra Mirchandani Partner Membership Number: 48125

Mumbai July 18,2019 UDIN: 19048125AAAABA4232

Shi

ip Number: 403763

Mumbai July 18,2019 UDIN: 19403763AAAAAQ1553

D. B. CORP LIMITED

Regi.tered office: Plot No.280, Sarkhej - Gandhinagar Highway, Near YMCA Club, Makarba, Ahmedabad (Gujarat) - 380051 Sialemeni of unaudited .Iandalone financial re.ul" for the quarter ended June 30, 2019

		(tin million el <e,1 .hre<br="" ptr="">dill</e,1>
	Particulln	QUlner endedMarcb 31,June JOt10192019		Junt30t2011	Yur eadedMlrcb 31,2019
		Unludited	Unaudited(Rerer Note 3)	Unludited	Audited
I	Revenue from operations	6.070.31	5,885.18	6,323.78	24,626.97
	II Other income	4L1S	24.91	68.40	165.72
	lU TOlal income (I + II)	6,111.46	5,910.09	6,392.18	24792.69
	IV Elpen •••
	a) Cost of materials consumed	2,051.25	2,204.41	2,111.99	9,226.90
	b) Changes in inventories of finished goods	0.56	7.54	S.73	943
	c) Employee benefits expense	1,03S.04	1,078.21	1,071.67	4,350.65
	d) finance costs	53.17	IS.26	l7.ss	85.03
	e) Depreciation and amortisation expense	303.49	243.01	243.21	985.67
	f) Other expenses	I 225.48	I 553.07	I 391.10	5996.85
	Total elptn	4,671.99	5.104.50	4,904.21	20,654.53
	V Profit before exception •• item. and tax (ID- IV)	1439.47	105.59	1,487.90	4,131.16
	VI Exceptional items
	VII Prolit before tn (V-VI)	1439.47	805.59	1,417.90	4138.16
	VID Tal espense
	a) Current tax	521.00	307.85	547.80	1.483.85
	b) Deferred tax	(IS.82)	(47.20)	(35.7S)	(85.00)
		502.11	160.65	511.01	1,398.85
	IX Net prolit for the quarter / ytar (VII-VIn)	937.19	544.9. 4	975.88	2739.31
	X Other comprehensive income (tOCI')
	Item. tblt will not be rmlnifled to profit or 1011ia subsequeat period.:
	i) Remeasurement (Joss)/gain on defined benefit plans		(8.22)	-	7.64
	Income tax effect on the above		2.87		(2.67)
	ii) Net gain on Fair Value Through OCI equity instruments		8.91		8.91
	Incometax effect on the above		1.15		1.15
	Other compreheasive income (j+ U)	-	4,71		15.03
	Xl TOllltomprehe •• ive intome (lX+X)	937.19	549.65	975.88	1754.34
	XlI Paid-up equity share capital (face value ~ 10/-tach, fully paid)	1,749.29	1,749.11	1,840.64	1,749.11
	XlII Other equity				16,570.57
	per Ibue(EPS)XlV E.rainp
	EPS (of ~ 10/- each) (not annualised)
	-Basic	5.36	3.12	5.30	15.33
	-Diluted	5.35	3.11	5.30	15.31

NOlet:

I) The statement of unaudited standalone financial results for the quarter ended June 30, 2019 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on July 18,2019. The statutory auditors have expressed unmodified report on these results.

1. The Company has adopted Ind AS 116. effective annual reporting period beginning April 1,2019 and applied the standard to its leases, retrospectively, with the cumulative effect of initially applying the Standard, recognised on the date of initial application (April 1,2019). Accordingly, the Company has not restated comparative infonnation, instead, the cumulative effect of initially applying this standard has been recognised as an adjustment to the opening balance of retained earnings as on April I, 2019. This has resulted in recognition of Right-of-use Assets of Rs. 2,829.41 million and Lease Liobilities of Rs. 1,880.43 million. and decrease in retained earnings by Rs. 251.85 million (net ofw ofRs. 135.28 million) lS.t April 1,2019.

In the financial results .for the current period. the nature of expenses in respect of operating leases has changed from lease rent (included in Other Expenses) in previous periods to Depreciation for Right-of-use Assets and Finance Cost for interest accrued on Lease Liabilities. .

• 1. The figures of March 31, 2019 quarter are the balancing figures between audited figures in respect of the full financial year upto March 31, 20)9 and the unaudited published year-to-dare figures upto December 31, 20lS, being the date of the end of the third quarter of the financial year which were subjected to limited review.
• 1. Since the segment information as per lnd AS J08-0peratingSegments. is provided on the basis of consolidated financial results, the same is not provided separately for the standalone financial resulu,

Pllc:e : Mumbli Dlle: July 18, 2019

The Board of Directors D. B. Corp Limited Plot no. 280 Sarkhej Gandhi Nagar Highway Near YMCAClub, Makarba Ahmedabad, Gujarat - 380051

• 1. We have reviewed the unaudited consolidated financial results of D. B. Corp Limited (the "Parent"), its subsidiaries (the parent and its subsidiaries hereinafter referred to as the "Group") for the quarter ended June 30, 2019 which are included in the accompanying 'Statement of unaudited consolidated financial results for the quarter ended June 30,2019' (the "Statement"). The Statement is being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, which has been initialled by us for identification purposes.
• 1. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS34"), prescribed under Section 133 ofthe Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) ofthe SEBI (ListingObligations and DisclosureRequirements) Regulations, 2015, as amended, to the extent applicable.

• 1. The Statement includes the results of the following entities:
  • i) D. B. Corp Limited
  • ii) D B Infomedia Private Limited
  • iii) I Media Corp Limited
• 1. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement has not been prepared in all material respects in accordance with the recognition and measurement principles laid down 'in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India and has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner inwhich it is to be disclosed, or that it contains any material misstatement

For Price Waterhouse Chartered Accountants LLP Firm Registration Number: FRNo12754N/N500016

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Jeetendra Mirchandani Partner Membership Number: 48125

Mumbai July 18, 2019 UDIN: 1904812sAAAABB2124

Mumbai July 18, 2019 UDIN: 19403763AAAAAR8803

D. B. CORP LIMITED

Registered office: Plot No.280, Sarkhej - Gandhinagar Highway, Near YMCA Club, Maurba, Ahmedabad (Gujarat) - 380051 Stat eme nt of unaudited consolidated financial results for tbe quarter .oded Jun. 30, 2019

		(t in million eaee t per share datauarter ended			Year ended
	Particulars	June 30,2019	March 31,2019	June 30,2018	March 3t,. 2019
		Vnaudit,ed	Unludited(Ref.r Not. 3)	Unaudited	Audited
1	Revenue:from operations	6.07031	5.885.22	6,323.78	24.627.01
	U Other income	41.26	25.24	68.40	166.48
	ill Total Income (I+ II)	6,111,57	5910.46	6,392.18	24,793.49
	IV ExpenSe!
	a) Cost of materials consumed	2,051.25	2,204.41	2,171.99	9,226.90
	b) Changes in inventories of finished goods	0.56	7.55	8.73	9.43
	c) Employee benefits expense	1,038.04	1.078.22	1,071.67	4,350.65
	d) Finance costs	53.17	18.26	17.58	85.04
	c) Depreciation and amonisation expense	303.62	243.15	243.40	986.28
	f) Other expenses	I 225.50	I 553.49	1,391.14	5997.78
	Total e:s:peolH	4.672.14	5105.08	4,904.51	20,656.08
	V Profit befo re exeeption.1 it.m. and ta. (Ill- IV)	1439.43	305.38	1487,67	4137.41
	VI Exceptional items	-	-
	VD Profit before tn (V-VI)	1,439,43	305,38	1,487.67	4,137.41
	Vill Tax expense
	a) Current tax	521.00	308.00	547.80	1,484.00
	b) Deferred tax	(18.82)	(47.20)	(35.78)	(85.00)
		502.18	260.80	512.02	1,399.00
	IX Net profit for the quarter / ycar (VII-VIII)	937.25	544.58	975.65	2,738.41
	X Attributab~ to:
	Equityholders of the parent	937.25	544.58	975.65	2,738.41
	Non-controlling interest
	Xl Other comprebe.aJive income ('OCI')
	Items that will DOt be reclassified to profit or loss in subsequent periods:
	i) Remeasurement (loss)/gBinon defined benefit plans		(8.22)		7.64
	Income tax effect on the above	-	2.87		(2.67)
	ii) Net gain on Fair Value Through OCI equity instruments		8.91		8.91
	Income lax effect on the above		1.15	-	1.15
	Other comprehensive Ieeome (i+ii)	-	4.71	-	15,03
	XU Total comprehensive income (X+XJ)	937.25	549.29	975.65	2,753.44
	Anribut.blc t.:
	Equitybolders of the parent	937.25	549.29	975.65	2,753.44
	Non-controlling interest
	xm Paid-up equity share capital (face value'' 10/- each, fully paid)	1,749.29	1,749.11	1,840.64	1,749.11
	XIV Other equity				16,520.23
	XV Earninll per share (EPS)
	EPS (of'' 10/- each) (not annualised)
	• Basic	5.36	3.11	5.30	15.32
	- Diluted	5.35	3.11	5.29	15.31

Notes:

I) The siatemenr of unaudited consolidated financiaf results for the quarter ended June 30, 2019 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on July 18,2019. The stannary auditors have expressed unmodified report on these results.

1. The Group has adopled Ind AS 116. effective annual reponing period beginning April 1,2019 and applied the standard to its leases, retrospectively. with the cumulative effect of initially applying the Standard. recognised on the date of initial application (April I, 2019). Accordingly, the Group has not restated comparative information. instead. the cumulative effect of initially applying this standard has been recognised as an adjustment to the opening balance of retained earnings as on April 1,2019. This has resulted in recognition of Right-of-use Assets ofRs. 2,829.41 million and Lease Liabilities of Rs. 1.880.43 million, and decrease in retained earnings by Rs. 251.85 million (net of lax ofRs. 135.28 million) as al April 1,2019.

In the financial results for the current period, the nature of expenses in respect of operating leases has changed from lease rent (included in Other Expenses) in previous periods to Depreciation for Right-of-use Assets and Finance Cost for interest accrued on Lease Liabilities.

1. The figures of March 31,2019 quarter are the balancing figures between audited figures in respect of the full financial year upto March 31, 2019 and the unaudited published year-to-date figures upto December 31,2018. being the dale of the end of the third quarter of the financial year which were subjected to limited review.

4) Statement of unaudited segment infonnation for tbe quarter ended June )0, 2019:

	Quarter •• ded			(tin IDmio.lVearended
Particulan	March 31,June 30,20192019		June-JO,2018	March 31,2019
	Unaudited	Unaudited{Rerer Notebdow)	Unaudited(Rerer Norebelow)	Audited(Herer Notebdow)
S~ment revenue:
(a) Printing. Publishing and allied business	5.695JI	5,497.99	6.009.8)	2).089.02
(b) Radio	376.52	387.77	316.21	I 545.69
Total	6,071.83	5,885.76	6,326.04	24,634.71
(e) Less: Inter segment revenue	1.52	0.54	2.26	7.70
Total revenue: from operations	6,070.31	5885.22	6,323.78	24627.01
Segment results profit before tas, unaUoalble income and expenses andfiD.Dtt costs from each segment
(a) Printing, Publishing and allied business	t,407.97	763.30	1,433.97	3,803.28
(b) Radio	90.90	100.62	39.94	400.28
TolJIl	1,498.87	863.92	1,473.91	4,203.56
Less:
(i) Finance costs	53.17	18.26	17.58	85.04
(ii) Other unallocable expenses	21.62	52.21	29.77	10259
iii) Unallocable incomeProfit before ••I	(15.35)	(11.93	(61.11)	(121.48)
	1,439.43	805.38	1487.67	4,137.41
Segment nub
(a) Printing. Publishing and allied business	20.292.00	19.446.49	19,640.45	19,446.49
(b) Radio	2,370.87	2,111.66	2,053.69	2,111.66
c) Unallocated	2005.42	2383.79	3872.00	2,383.79
Total A	24668.29	23,941.94	25,566.14	23,941.94
Segment liabiliti
(a) Printing, Publishing and allied business	2,735.30	3,126.28	2,791.42	3.126.28
(b) Radio	561.99	552.89	493.58	552.89
c) Unallocated	4105.27	1993.44	1.989.26	1.993.44
Total Liabilities	7,402.56	5.672.61	5,274.26	5.672.61

From the current period. the Group has changed its internal reponing structure. Consequently. 'internet' and 'event' businesses, which were earlier identified as separate reponing segments, have been tncluded under "Printing, Publishing and allied business" segment in line with Ind AS 108"Operating Segments" The corresponding segment information of earlier periods have been accordingly re-stated.

Place: Mumbai Date: July 18, 2019

j~Mlnaging Director For and on behalf of the Board of Directors or

Press Release

Mumbai. July 18. 2019

DB Corp Limited (DBCL), India's largest print media company and home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Divya Marathi and Saurashtra Samachar, today announced its Financial Results for the quarter ended June 3D, 2019. The highlights of the Company's operational and financial performance are as follows:

Key Developments and Initiatives:

• A Dainik Bhaskar's well-implemented Circulation expansion strategy has delivered strong results on account of increased market share. As per recent IRS survey, all Hindi Newspapers adds 93.27 Lac new readers; Dainik Bhaskar adds 63.55 lac new readers; a growth of 13.71% majorly in legacy markets of Madhya Pradesh-Chhattisgarh, Rajasthan, Haryana,Punjab, Gujarat and in newer market of Bihar
• A Dainik Bhaskar continues to maintain its position as No.1 newspaper of Urban India as well as of NCCSA, NCCSBand NCCSAB both
• A As per last ABC circulation reported data, we continue to maintain No. 1 Circulated newspaper of India as well as leadership in Madhya Pradesh-Chhattisgarh, Rajasthan, Gujarat, Haryana, Chandigarh, Punjab( 4 urban Cities), besides maintaining close no. 2 formidable position in other markets
• A In line with the Company's Circulation Expansion Strategy, Company has devised a print media campaign "Life Badal Jaayegi, Boss" featuring Salman Khan to further aid the circulation growth. Company has launched mega & biggest scheme of print sector "Jeeto 21 crores" across the footprint in 12states with the aim to acquire new readers and retention of existing readers
• A Circulation strategy was complimented by strong editorial and product enrichment efforts along with unique and impactful reader engagement initiatives

Performance highlights for Q1 FY2020 - Consolidated [All Comparisons with Q1 FY2019]

• A Advertising Revenuesstood at Rs. 4420million as against Rs. 4549 million in 01 last fiscal
• A Circulation Revenuestands at Rs. 1314million as against Rs. 1345 million in the corresponding period last fiscal
• J.. Total Revenuestands at Rs. 6112million in current period from Rs. 6392 million
• A EBIDTAStands at Rs. 1796 million (EBIDTAmargin 29%), against EBIDTA of Rs. 1749 million (EBIDTAmargin 27%). EBIDTA increased by around 85 million as per Ind AS 116 - "Leases", which is added in depreciation and finance cost and hence negative 9 million impact in PAT.
• J.. PATstands at Rs. 937 million (PATMargin 15.3%),against Rs. 976million (PATMargin 15.3%)
• J.. Radio business revenue grew by 19%YOY to Rs. 377million against Rs. 317 million,.
• J.. Radio business EBIDTA grew by 84% YOY to Rs. 131 million (margin 35%) from Rs. 71 million (margin 22%), increased by around Rs. 13 million as per Ind AS 116- "Leases", which is added in depreciation and finance cost

India's Largest Newspaper Group 13 States 65 Editions 4 Languages

DB homeonline.com

s: Radio business PAT grew by 98% YOY to Rs. 52 million (margin 14%) from Rs. 26 million (margin 8%)

Commenting on the performance for Q1 FY 2019-20, Mr. Sudhir Agarwal, Managing Director, D. B. Corp Ltd. said, "The Company enjoys a dominant position in all its major markets of presence. Tofurther strengthen our dominance, we continued w;th our efforts towards editorial and circulation expansion initiatives through this quarter as well. Despite, the challenging macro environment, we are confident of our current strategies to deliver enterprise growth and building profitability aided by overall cost control and moderation in newsprint prices going ahead.

Our business strategy is focused on product strengthening, along with a series of strategic initiatives to orient the editorial team in this direction, and complement our circulation expansion initiatives. Our efforts has delivered strong results and is reflected in the latest published readership and circulation number, by MRUC and ABC respectively. The latest Circulation drive "Life Badal jayegi, Boss" featuring Superstar Salman Khan is a continuation towards strengthening reader engagement, thus giving a push to our circulation efforts. Our Non-print businesses continue to progress well, building great value for our readers and advertisers. We continue to build our synergies and leverage the competitive strengths across each business segment.

With the formation of a stable and decisive government in Centre, the semi-urban and rural consumption and demand cycle is expected to stabilize. As the government continues with its efforts and initiatives to boost economic growth, with our execution excellence, we are contkient to deliver the desired levels of growth."

					(Rs. Mn)
Heads	Qtr 1FY19	Qtr 1FY20	YOYGrowth	Qtr4FY 19	QOQGrowth
Printing Publishing & Allied BusinessAdvertisement	4236	4048	(4.4%)	3743	8.1%
Radio Advertisement	317	377	19.1%	390	(3.3%)
Print Circulation Rev	1345	1314	(2.3%)	1273	3.2%
Consol Operational Revenue	498	378	(24.1%)	507	(25.4%)
Consol Total Income	6392	6112	(4.4%)	5911	3.4%
Printing Publishing & Allied BusinessEBIDTA	1678	1665	(0.7%)	935	78.1%
Radio EBIDTA	71	131	84.1%	132	(0.5%)
Consol EBIDTA	1749	1796	2.7%	1067	68.4%

Q1 FY 2020 Financial Results highlights: (comparisons with Q1' FY 19 & Q4' FY19)

• Print-Mature Business EBIDTA margin stand at 33%

An analysis and break-up of Mature and Emerging Business financials on a quarterly basis is given below. We classify emerging business as those which are below 4 years of age or profitable since last 4 quarters, whichever is earlier,

Regd.Office: D,B.Corp Ltd" Plot No,280, Sarkhej·GandhinagarHighway,NearYMCA Club, Makarba,Ahmedabad (Gujarat) Business Office: D.B, Corp Ltd" 501, 5th Floor, NamanCorporate Link"Opp, Dena Bank, C·31, G-Block, Bandra Kurla Complex,Bandra (East), Mumbai- 400051 Tel:+91 2271577000' Fax:+91 2239804793' CIN Number: L22210GJI995PLC047208' Website: www.bhaskarnat.com

Q1FY 20(Rs. Mn)
Particulars	MatureBusinesses	*EmergingBusinesses	RadioBusiness	DBCLStandalone
Total Revenues	5409	325	377	6111
EBIDTAbefore Expansion	1794	(129)	131	1796
EBIDTAMargin	33%	(40%)	35%	29%
EBIDTAafter Expansion	1794	(129)	131	1796
EBIDTAMargin	33%	(40%)	35%	29%

* Emerging Business, includes Bihar small part of Maharashtra & Surat Hindi edition, besides Mobile App & E-realEstateBusiness

• )i> Strategic areas of focus and key updates:
• .:. Editorial strategy: Circulation Strategy and strong Reader Connect enabling to achieve newer milestones in readership continues to deliver result:
  • )i> Indian Readership Survey 2019 Q1 significant highlights (All comparisons are on like-fo-like basis with IRS 2017 ,Main+Variant):
    • o Dainik Bhaskar adds 63.55 lac new readers; grows by 13.71%, considering TR-Urban +Rural; Total Readership
    • o Dainik Bhaskar is Urban India's No.1 Newspaper, as per AIR Urban
    • o Dainik Bhaskar Group is Urban India's No.1 Newspaper Group, as per AIR Urban, which excludes financial dailies on a like to like basis
    • o Dainik Bhaskar is Urban India's No.1 Newspaper in NCCSA, NCCS B & NCCSAB segment, considering AIR - Urban
    • o Dainik Bhaskar has added 8.93 lac readers, grows by 18% in Rajasthan, based on AIR - Urban + Rural
    • o Dainik Bhaskar grows by 16%. Adds 2.03 lac new readers in Bihar, as per AIR - Urban + Rural
  • );> India's largest circulated newspaper: Dalnlk Bhaskar continues to be the India's largest circulated newspaper as per Audit Bureau of Circulation July- December'2018.
  • )i> Dainik Bhaskarmaintainsits positionas the largestcirculated nationaldaily of Rajasthanas per the Audit Bureauof Circulation (ABC) results for the six month period(July - December'2018), adds 76,212 copies in just 1 year, reachinga circulationof over 16.25lacs copies
  • • o

Regd.Office: D.B.Corp Ltd., Plot No.280, Sarkhej-GandhinagarHighway.NearYMCA Club, Makarba,Ahmedabad (Gujarat) Business Office: D.B.Corp Ltd., 501, 5th Floor, NamanCorporate Link,Opp. Dena Bank,C-31, G-Block, Bandra Kurla Complex,Bandra (East), Mumbai - 400051 Tel: +91 2271577000. Fax: ..91 2239804793' CIN Number: L22210GJ1995PLC047208' Website: www.bhaskarnel.com

India's Largest Newspaper Group 13 States 65 Editions 4 Languages

c1fitcIi IIRiIil lEw t'l1~~ fclc81R1dt nuPOST 0 I!mDIGITAl DBhomeonline.com

Hindi, Gujarati and Marathi to engage the existing readers and garner interest amongst new readers. Megastar Salman Khan has been roped to be the face of campaign to ensure the visibility of the scheme. This initiative is in-line with the Company's circulation expansion strategy

• o Special coverage on the Lok sabha Election-2019 Result: Introductionof Special Election Jacket on election result with the aim to provide in-depth result analysis
• o Continuous focus on content development- Special content initiative on "Mothers Day & Fathers Day" to create emotional connect with the readers.
• •:. Radio strategy: Maintaining leadership position in Chandigarh / Haryana / Punjab/ Rajasthan/ Madhya Pradesh & Chhattisgarh and continues to be the largest player in Rest of Maharashtra
  • .:. Phase 3 stations bottom line is now positive, on the back of strong inventory management, programme profile, strong cost efficiencies and growing popularity
  • .:. Strong audience connect through engagement and innovative on-ground activations:
    • o MY FM launches "Pehli Baar Vote Yaar", One of the biggest voting campaign to encourage new voters - MY FM launched three week long campaign across Tier II & III markets to encourage first time voters. 'Pehli Baar Vote Yaar' campaign was to bring a positive change in the society. The campaign was driven in 30 cities across 7 states in India
    • o MY FM Balle Balle in London My FM initiated a contest "MY FM's Balle Ballein London" to encash the ensuing cricket season. Contest provided the opportunity to listeners to win a trip to Londonthis sporting season

.:. Awards and recognitions:

• );> Dainik Bhaskar Group wins 4 Platinum and 1 Gold at the Hermes Awards for Print Media
  • o Platinum for Jeeto 15 Crore for Integrated Marketing Campaign and Smart Soch for Integrated Marketing Campaign, Company Branding and Illustration/ Graphic Design
  • o Gold for Specialty Item- Marketing Collateral! Branding for Rakshabandhan Mailer
• );> INMA Global Media Awards
  • o Best Execution of PrintAdvertising Award for Smart Soch
  • o Best idea to grow advertisinq sales or retain advertising clients for capture of Bihar's newspaper market
  • o Best marketing solution for an advertising client for Junior editor in partnership with dell
• );> Dainik Bhaskar Group wins 2 awards at ACEF Global Customer Engagement Award
  • o Gold: 'Best use of celebrity Endorsement' by publisher for Harman XI in search of True Talent .
  • o Silver: Marketing of new #2 newspaper of Bihar wins under the category 'Newspaper for customer engagement (effectiveness)'
• );> 3 Communicator Award of Excellence for:
  • o Design & Print for Marketing/ Promotion of Mitti ke Ganesh Campaign
  • o Integrated Campaign for Jeeto 15 Crore

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o Marketing Effectiveness Campaign for Jeeto 15 Crore

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Regd.Office: D.B.Corp Ltd., Plot No.280, Sarkhej-GandhinagarHighway,NearYMCA Club, Makarba,Ahmedabad (Gujarat) Business Office: D.B.Corp Ltd.,SOl, 5th Floor, NamanCorporate Link,Opp. Dena Bank,C-31, G-Block, Bandra Kurla Complex, Bandra(East), Mumbai - 400051 Tel:+912271577000' Fax:+912239804793' elN Number: L22210GJI995PLC047208· Website: www.bhaskarnet.com

India's Largest Newspaper Group 13 States 65 Editions 4 Languages

» My FM bagged 3 Radi04Chiid Awards for 'Best spot' and 'Best public service announcements', The special mention award- in Child Sexual Abuse Category' and The Best RJ Link in Child Abuse Award' category

About D. B. Corp Ltd.

DB Corp Ltd. is India's largest print media company that publishes 5 newspapers with Dainik Bhaskar 46 editions, Divya Bhaskar 9 editions & Divya Marathi 6 editions with 211 sub-editions in 3 multiple languages (Hindi, Gujarati and Marathi) across 12 states in India. Our flagship newspapers Dainik Bhaskar (in Hindi) established in 1958, Divya Bhaskar and Saurashtra Samachar (in Gujarati) and Divya Marathi (in Marathi) have a total readership of 6.6 crores, making us the most widely read newspaper group in India with presence in Madhya Pradesh, Chhattisgarh, Rajasthan, Haryana, Punjab, Chandigarh, Himachal Pradesh, Delhi, Gujarat, Maharashtra, Bihar and Jharkhand. Our other noteworthy newspaper brands are Saurashtra Samachar and DB Star. DBCL is the only media conglomerate that enjoys a leadership position in multiple states, in multiple languages and is a dominant player in its all major markets. The company's other business interests also span the radio segment through the brand "94.3 MY FM" Radio station with presence in 7 states and 30 cities. Its growing digital business is led by 9 pottals for rapidly expanding digital audiences, and 4 actively downloaded. mobile applications.

For further information please visit www.bhaskarnet.com or contact:

Mr. P.K.Pandey Head- Investor Relations Tel: +91-22-71981500 Email: prasoon@dbcorp.in

Address for investor communication: D. B. Corp Ltd. G 3Ai 4-6 Kamanwala Chamber, New Udyog Mandir - 2, Mogul Lane, Mahim 0NJ, Mumbai, 400016.

Regd.Office: D.B. Corp Ltd., Plot No.280, Sarkhej-GandhinagarHighway,NearYMCA Club, Makarba,Ahmedabad (Gujarat) Business Office: D.B.Corp Ltd.,501, 5th Floor, Naman Corporate Link,Opp. Dena Bank,C-31, G-Block, Bandra KurlaComplex, Bandra (East), Mumbai- 400051 Tel:...91 2271577000· Fax,...91 2239804793· CIN Number: L22210GJ1995PLC047208' Website, www.bhaskarnet.com