D.B.Corp Limited — Interim / Quarterly Report 2025

Jul 16, 2024

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July 16, 2024

To

BSE Limited The National Stock Exchange of India Limited The Deputy Manager (Listing - CRD), The Manager (Listing Department), Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street Bandra Kurla Complex, Bandra (E) Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 533151 SYMBOL: DBCORP

ISIN: INE950I01011

Sub.: Regulations 33 of the Securities and Exchange Board of India (Listing Obligations and - Disclosure Requirements) Regulations, 2015 Unaudited (Standalone and Consolidated) Financial Results of the Company for the 1st quarter ended June 30, 2024

Dear Sir/Madam,

Pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), we wish to inform you that, the Board of Directors at its Meeting held today i.e. July 16, 2024 has inter alia, approved the Unaudited Financial Results (Standalone and Consolidated) of the Company for the 1[st] quarter of the financial year 2024-25 ended June 30, 2024.

Accordingly, we are enclosing the following:

• a. The Unaudited (Standalone and Consolidated) Financial Results of the Company for Q1 FY 2024-25 ended on June 30, 2024;

• b. Limited Review Reports of the Statutory Auditors on the Unaudited (Standalone and Consolidated) Financial Results as aforesaid; and

• c. Press Release.

The meeting of the Board of Directors of the Company commenced at 11.00 a.m. (IST) and concluded at 12.15 p.m. (IST).

This intimation is also being uploaded on the Company's website i.e. www.dbcorpltd.com.

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We request you to take this on record, and to treat the same as compliance with the applicable provisions of the SEBI Listing Regulations, as amended.

Thanking you.

Yours truly, For D. B. Corp Limited

OM Digitally signed by OM PRAKASH PRAKASH PANDEY Date: 2024.07.16 PANDEY 12:16:39 +05'30' Om Prakash Pandey Company Secretary & Compliance Officer

Encl.: As above

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Price Waterhouse Chartered Accountants LLP 252, Veer Savarkar Marg, Shivaji Park Dadar (West), Mumbai – 400 028

Gupta Mittal & Co. Chartered Accountants A/106, Mahadev Parisar, Board Office Square Shivaji Nagar, Bhopal – 462 016 (MP)

Review Report

To,

The Board of Directors D.B. Corp Limited Plot No. 280, Sarkhej Gandhi Nagar Highway, Near YMCA Club, Makarba, Ahmedabad, Gujarat – 380051

1. We have jointly reviewed the Unaudited Standalone Financial Results of D. B. Corp Limited (the “Company”) for the quarter ended June 30, 2024 which are included in the accompanying ‘Statement of Unaudited Standalone Financial Results for the quarter ended June 30, 2024’ (the “Statement”). The Statement has been prepared by the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations, 2015”), which has been digitally signed by us for identification purposes.

2. This Statement, which is the responsibility of the Company’s Management and approved by the 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 AS 34”), prescribed under Section 133 of the 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.

3. 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.

4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the 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 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 Firm Registration Number: 012754N/N500016

PRIYANSHU Digitally signed by PRIYANSHU DINESHKUMAR DINESHKUMAR GUNDANA Date: 2024.07.16 12:04:27 GUNDANA +05'30'

Priyanshu Gundana Partner Membership Number: 109553

For Gupta Mittal & Co

Firm Registration Number: 009973C Chartered Accountants

SHILPA Digitally signed by SHILPA GUPTA GUPTA Date: 2024.07.16 11:46:25 +05'30'

Shilpa Gupta Partner Membership Number: 403763

UDIN: 24109553BKGQXS2578 Place: Mumbai Date: July 16, 2024

UDIN: 24403763BKCXGS8049 Place: Bhopal Date: July 16, 2024

D. B. CORP LIMITED

Registered office: Plot No.280, Sarkhej - Gandhinagar Highway, Near YMCA Club, Makarba, Ahmedabad (Gujarat) - 380051 Statement of Unaudited Standalone Financial Results for the quarter ended June 30, 2024

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(Rs. in million except per share data)
Quarter ended Year ended
Particulars June 30, 2024 March 31, 2024 June 30, 2023 March 31, 2024
Unaudited
Unaudited Unaudited Audited
(Refer Note 2)
I Revenue from operations 5,898.51 6,171.72 5,541.96 24,004.83
II Other income 263.69 245.39 193.95 798.42
III Total income (I + II) 6,162.20 6,417.11 5,735.91 24,803.25
IV Expenses
a) Cost of materials consumed 1,567.45 1,708.33 1,979.96 7,346.98
b) Changes in inventories of finished goods 1.94 8.21 3.60 5.21
c) Employee benefits expense 1,070.29 1,090.67 995.14 4,317.46
d) Finance costs 57.83 63.05 50.02 237.76
e) Depreciation and amortisation expense 277.13 288.88 272.84 1,140.23
f) Net impairement losses on financial assets 61.76 102.97 69.13 345.99
g) Other expenses 1,552.51 1,539.67 1,329.11 5,765.71
Total expenses 4,588.91 4,801.78 4,699.80 19,159.34
V Profit before tax (III- IV) 1,573.29 1,615.33 1,036.11 5,643.91
VI Tax expense
a) Current tax 425.99 408.21 291.01 1,521.16
b) Deferred tax [(Credit) / Charge] (31.03) (18.42) (42.32) (121.59)
Total Tax expense 394.96 389.79 248.69 1,399.57
VII Net profit for the quarter / year (V-VI) 1,178.33 1,225.54 787.42 4,244.34
VIII Other comprehensive income / (loss) ('OCI')
Items that will not be reclassified to profit or loss in subsequent periods:
i) Remeasurement loss on post-employment benefit obligation - (47.57) - (111.65)
Income tax effect on the above - 11.97 - 28.10
ii) Net gain / (loss) on Fair Value Through OCI equity instruments - (43.02) - (43.02)
Income tax effect on the above - 20.45 - 20.45
Other comprehensive income / (loss) (i+ii) - (58.17) - (106.12)
IX Total comprehensive income (VII+VIII) 1,178.33 1,167.37 787.42 4,138.22
X Paid-up equity share capital (face value of Rs. 10/- each, fully paid) 1,781.57 1,780.92 1,780.03 1,780.92
XI Other equity - - - 20,455.01
XII Earnings per share (EPS)
EPS (face value of Rs. 10/- each, fully paid) (not annualised)
- Basic 6.62 6.88 4.42 23.84
- Diluted 6.61 6.87 4.42 23.81
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Notes:

• 1) The Statement of Unaudited Standalone Financial Results for the quarter ended June 30, 2024 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on July 16, 2024. There are no qualifications in the report issued by the auditors.

• 2) The figures of March 31, 2024 quarter is the balancing figures between audited figures in respect of the full financial year upto March 31, 2024 and the unaudited published year-to-date figures upto December 31, 2023, being the date of the end of the third quarter of the financial year which were subjected to limited review.

• 3) The Board of Directors at its meeting held on July 16, 2024 has declared an interim dividend of Rs. 7 per fully paid equity share of face value of Rs. 10 each. The same would be paid to all eligible shareholders as on the record date declared by the Company.

• 4) Since the segment information as per Ind AS 108 Operating Segments, is provided on the basis of Unaudited Consolidated Financial Results, the same is not provided separately for the Unaudited Standalone Financial Results.

Digitally signed SHILPA by SHILPA PRIYANSHU Digitally signed by PRIYANSHU DINESHKUMAR GUPTA DINESHKUMAR GUNDANA GUNDANA Date: 2024.07.16 12:04:53 +05'30' GUPTA Date: 2024.07.16 11:46:48 +05'30'

For and on behalf of the Board of Directors of D. B. Corp Limited Digitally signed by SUDHIR SUDHIR AGARWAL AGARWAL Date: 2024.07.16 11:43:40 +05'30'

Managing Director

The statutory auditors have digitaly signed this statement for identification purposes only and this Statement should be read in conjunction with the review report dated July 16, 2024.

Date: July 16, 2024

Price Waterhouse Chartered Accountants LLP 252, Veer Savarkar Marg, Shivaji Park Dadar (West), Mumbai – 400 028

Gupta Mittal & Co. Chartered Accountants

A/106, Mahadev Parisar, Board Office Square Shivaji Nagar, Bhopal – 462 016 (MP)

Review Report

To,

The Board of Directors

D. B. Corp Limited

Plot No. 280, Sarkhej Gandhi Nagar Highway, Near YMCA Club, Makarba, Ahmedabad, Gujarat – 380051

1. We have jointly reviewed the Unaudited Consolidated Financial Results of D.B. Corp Limited (hereinafter referred to as the “Parent” or the “Company”) and its subsidiaries (the parent and its subsidiaries herein after referred to as the “Group”) for the quarter ended June 30, 2024, which are included in the accompanying ‘Statement of Unaudited Consolidated Financial Results for the quarter ended June 30, 2024’ (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 (the “Listing Regulations, 2015”), which has been digitally signed by us for identification purposes.

2. This Statement, which is the responsibility of the Parent’s Management and has been 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 AS 34”), prescribed under Section 133 of the 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.

3. 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) of the SEBI (Listing Obligations and Disclosure Requirements) 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

2. (iii) I Media Corp Limited

PRIYANSHU Digitally signed by PRIYANSHU DINESHKUMAR DINESHKUMAR GUNDANA Date: 2024.07.16 12:05:21 GUNDANA +05'30'

Digitally signed SHILPA by SHILPA GUPTA Date: 2024.07.16 GUPTA 11:55:04 +05'30'

Price Waterhouse Chartered Accountants LLP

Gupta Mittal & Co. Chartered Accountants

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 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 Firm Registration Number: 012754N/N500016

PRIYANSHU Digitally signed by PRIYANSHU DINESHKUMAR DINESHKUMAR GUNDANA Date: 2024.07.16 12:05:48 GUNDANA +05'30'

Priyanshu Gundana Partner Membership Number: 109553

For Gupta Mittal & Co Firm Registration Number: 009973C Chartered Accountants

Digitally signed by SHILPA GUPTA Date: 2024.07.16 11:47:41 +05'30'

SHILPA GUPTA

Shilpa Gupta

Partner Membership Number: 403763

UDIN: 24109553BKGQXR8390 Place: Mumbai Date: July 16, 2024

UDIN:24403763BKCXGT3969 Place: Bhopal Date: July 16, 2024

D. B. CORP LIMITED

Registered office: Plot No.280, Sarkhej - Gandhinagar Highway, Near YMCA Club, Makarba, Ahmedabad (Gujarat) - 380051 Statement of Unaudited Consolidated Financial Results for the quarter ended June 30, 2024

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(Rs. in million except per share data)
Quarter ended Year ended
Particulars June 30, 2024 March 31, 2024 June 30, 2023 March 31, 2024
Unaudited
Unaudited Unaudited Audited
(Refer Note 2)
I Revenue from operations 5,898.51 6,171.35 5,541.96 24,020.87
II Other income 264.09 246.18 194.11 799.77
III Total income (I + II) 6,162.60 6,417.53 5,736.07 24,820.64
IV Expenses
a) Cost of materials consumed 1,567.45 1,708.33 1,979.96 7,346.98
b) Changes in inventories of finished goods 1.94 8.21 3.60 5.21
c) Employee benefits expense 1,070.29 1,090.67 995.14 4,317.46
d) Finance costs 57.83 63.05 50.02 237.76
e) Depreciation and amortisation expense 277.15 288.91 272.86 1,140.31
f) Net impairement losses on financial assets 61.76 102.97 69.13 345.99
g) Other expenses 1,552.56 1,540.21 1,329.08 5,772.03
Total expenses 4,588.98 4,802.35 4,699.79 19,165.74
V Profit before tax (III- IV) 1,573.62 1,615.18 1,036.28 5,654.90
VI Tax expense
a) Current tax 425.99 408.31 291.01 1,521.26
b) Deferred tax [(Credit) / Charge] (31.03) (18.42) (42.32) (121.59)
Total Tax expense 394.96 389.89 248.69 1,399.67
VII Net profit for the quarter / year (V-VI) 1,178.66 1,225.29 787.59 4,255.23
VIII Attributable to:
Equity holders of the parent 1,178.66 1,225.29 787.59 4,255.23
Non-controlling interest - - - -
IX Other comprehensive income / (loss) ('OCI')
Items that will not be reclassified to profit or loss in subsequent periods:
i) Remeasurement loss on post-employment benefit obligation - (47.57) - (111.65)
Income tax effect on the above - 11.97 - 28.10
ii) Net gain / (loss) on Fair Value Through OCI equity instruments - (43.02) - (43.02)
Income tax effect on the above - 20.45 - 20.45
Other comprehensive income / (loss) (i+ii) - (58.17) - (106.12)
X Total comprehensive income (VIII+IX) 1,178.66 1,167.12 787.59 4,149.11
Attributable to:
Equity holders of the parent 1,178.66 1,167.12 787.59 4,149.11
Non-controlling interest - - - -
XI Paid-up equity share capital (face value of Rs. 10/- each, fully paid) 1,781.57 1,780.92 1,780.03 1,780.92
XII Other equity 20,428.69
XIII Earnings per share (EPS)
EPS (face value of Rs. 10/- each, fully paid) (not annualised)
- Basic 6.62 6.88 4.43 23.90
- Diluted 6.61 6.87 4.42 23.87
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Notes:

1) The Statement of Unaudited Consolidated Financial Results for the quarter ended June 30, 2024 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on July 16, 2024. There are no qualifications in the report issued by the auditors.

• 2) The figures of March 31, 2024 quarter is the balancing figures between audited figures in respect of the full financial year upto March 31, 2024 and the unaudited published year-to-date figures upto December 31, 2023, being the date of the end of the third quarter of the financial year which were subjected to limited review.

• 3) The Board of Directors at its meeting held on July 16, 2024 has declared an interim dividend of Rs. 7 per fully paid equity share of face value of Rs. 10 each. The same would be paid to all eligible shareholders as on the record date declared by the Company.

PRIYANSHU Digitally signed by PRIYANSHU DINESHKUMAR DINESHKUMAR GUNDANA Date: 2024.07.16 12:06:05 GUNDANA +05'30'

Digitally signed SUDHIR SHILPA by SHILPA GUPTA GUPTA Date: 2024.07.16 AGARWAL 11:48:07 +05'30'

Digitally signed by SUDHIR AGARWAL Date: 2024.07.16 11:45:02 +05'30'

The Statutory Auditors have digitaly signed this statement for indentification purposes only and this Statement should be read in conjunction with the review report dated July 16, 2024.

4) Statement of Segment Information:

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(Rs. in million)
Quarter ended Year ended
Particulars June 30, 2024 March 31, 2024 June 30, 2023 March 31, 2024
Unaudited
Unaudited Unaudited Audited
(Refer Note 2)
Segment Revenue:
(a) Printing, Publishing and allied business 5,516.35 5,762.89 5,180.27 22,434.97
(b) Radio 386.39 411.53 363.86 1,592.75
Total 5,902.74 6,174.42 5,544.13 24,027.72
(c) Less: Inter segment revenue 4.23 3.07 2.17 6.85
Total Revenue from operations 5,898.51 6,171.35 5,541.96 24,020.87
Segment Results (Profit before tax, finance costs, unallocable income and
expenses from each segment)
(a) Printing, Publishing and allied business 1,307.73 1,422.33 918.32 5,074.03
(b) Radio 95.75 110.75 80.16 409.09
Total 1,403.48 1,533.08 998.48 5,483.12
Less:
(i) Finance costs 57.83 63.05 50.02 237.76
(ii) Other unallocable expenses 10.15 17.65 8.45 62.77
(iii) Unallocable income (238.12) (162.80) (96.27) (472.31)
Profit before tax 1,573.62 1,615.18 1,036.28 5,654.90
Segment assets
(a) Printing, Publishing and allied business 18,131.33 17,896.14 18,367.47 17,896.14
(b) Radio 1,770.21 1,725.72 1,794.27 1,725.72
(c) Unallocated 10,334.60 10,304.99 6,064.06 10,304.99
Total Assets 30,236.14 29,926.85 26,225.80 29,926.85
Segment liabilities
(a) Printing, Publishing and allied business 7,077.44 6,734.73 5,391.40 6,734.73
(b) Radio 948.74 915.51 964.37 915.51
(c) Unallocated 244.71 67.00 136.21 67.00
Total Liabilities 8,270.89 7,717.24 6,491.98 7,717.24
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For and on behalf of the Board of Directors of D. B. Corp Limited Digitally signed by Digitally signed by PRIYANSHU Digitally signed by PRIYANSHU SHILPA SHILPA GUPTA SUDHIR SUDHIR AGARWAL DINESHKUMA DINESHKUMAR GUNDANA Date: 2024.07.16 Date: 2024.07.16 R GUNDANA Date: 2024.07.16 12:06:21 +05'30' GUPTA 11:48:19 +05'30' AGARWAL 11:46:02 +05'30'

Managing Director

The statutory auditors have digitaly signed this statement for identification purposes only and this Statement should be read in conjunction with the review report dated July 16, 2024.

Date: July 16, 2024

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• Registered Office: DB Corp Ltd., Plot no 280, Sarkhej Gandhinagar Highway, Near YMCA Club, Makarba, Ahmedabad (Gujarat) 380051

Press

Mumbai, July 16, 2024

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 30, 2024. The key highlights of the Company’s operational and financial performance are as follows:

Key Developments and Initiatives:

Newspapers are rising in India. In Q1FY25, Dainik Bhaskar delivered yet another strong performance, marking the 12th consecutive quarter of broad-based growth. Advertising revenue surged by 8.4% to Rs 4277 million on a high base of Qtr 1 of last year, underpinned by robust market alignment. EBITDA margins expanded by 700 bps to 31% and stand at Rs 1909 million with growth of 40% YOY, on account of soft newsprint prices & reflecting efficient cost management. Profit after tax saw a substantial 50% YoY growth to Rs 1179 million, showcasing sustained profitability. Additionally, our radio business led industry growth with a 6.2% increase in advertising revenue again on a high base of Qtr 1 of last year and 300 bps rise in EBIDTA margin to 34% at Rs 132 million. This performance underscores our commitment to stakeholder value, reinforced by a consistent interim dividend of Rs 7 per share, demonstrating our financial strength and strategic focus on growth.

Print media retains its pivotal role in the media landscape, continuing to wield significant impact and effectiveness. With Dainik Bhaskar's robust brand equity cementing its position as India's top newspaper group, we've established a positive cycle of growth. This not only supports our advertisers' success but also fuels our own thriving progress alongside them. Indian language newspapers are increasingly preferred across diverse sectors, with notable growth seen in auto, education, real estate, jewellery, health, response and government advertisements.

Our Editorial excellence continues to be a hallmark of Dainik Bhaskar - In the recent concluded general elections, we stood out as the sole media organisation whose predictions closely mirrored the actual results, further solidifying our reputation as a reliable source of information for readers with ground connect.

Newsprint prices continued to be soft in Q1 FY2025 . Our average cost for newsprint has reduced to Rs 46900 PMT in Q1 FY2025 resulting in newsprint cost reduction of 20.9% YoY.

On the circulation front, we have been proactive in both reengaging with our loyal readers and expanding our reader base through targeted initiatives.

• In Q1 of FY25, we have successfully launched compelling initiatives like the Cut & Paste Mega Offer and the Sure Gift Reader’s Scheme , tailored specifically to cater to the unique demands of the Gujarat market. The introduction of the IPL Quiz League has injected excitement and increased reader participation, while the widespread adoption of the Bachat Coupon initiative has helped readers save in 23 major cities nationwide.

• On the trade front, SCAY initiative set a new standard by incentivizing agents to retain their customer base, contributing to a retention rate of 65%. Additionally, the establishment of a Task Force to reopen closed agencies has significantly expanded distribution networks.

– Digital Business Maintaining a Dominant Position in News Apps

For the past four years, the Digital Business has been a key focus area and an important pillar for future growth of our business and this focus has been translated into strong gains. Our ability to innovate clearly puts us ahead of the competition and with a highly personalized product experience – which includes text, graphics and videos as well as other new engaging formats. Our Apps have registered a tremendous growth in monthly active users (MAUs) from 2 million in January 2020 to approx 18 million in May 2024. This has propelled Dainik Bhaskar to extend its leadership as the dominant digital leader with the #1 Hindi and Gujarati News Apps, with the competition either staying flat or declining its user base. With our dominance already established in the print format and now in the digital format, we are undoubtedly the #1 Phygital Indian Language Newspaper in the country.

Our three-dimensional approach towards user retention and engagement – high quality content, unparalleled user experience and strong technology backbone is one of the driving forces of our performance. Our teams continue to work on minor and major improvements to help deliver the crisp content curated by our editorial teams and ensure that our users get hyperlocal news from all towns, cities and states in our markets. We have also worked on increasing the visual aspect of the news for further engagement.

– DB: The Fastest Growing News App of India: Comscore Comparative Trend Wise MAU nos (in million):

The only News App which has grown in the last 3 years and has been able to maintain its direct active user base.

Dainik Bhaskar - # 1 News Publisher App in India

News Apps
	Jan-20	Jan-21	Jan-24	Mar-24	May-24
(Monthly Unique Visitors - Millions)
Dainik Bhaskar (Mobile App)	1.6	6.2	10.7	10.8	14.8
Divya Bhaskar (Mobile App)	0.5	1.6	2.8	2.8	3.1
Aaj Tak (Mobile App)	3.8	5.1	3.9	3.5	3.7
ABP Live News (Mobile App)	3.6	1.5	0.6	0.6	0.8
Dainik Jagran Hindi News (Mobile App)	0.3	0.4	0.5	0.5	0.6

Source: Comscore Mobile Metrix Media Trend, All Applications [Undup.], All, Custom List of News Apps (Dainik Bhaskar (Mobile App), DIVYABHASKAR (Mobile App),The Times of India (Mobile App),NDTV (Mobile App), Aaj Tak (Mobile App), ABP Live News (Mobile App), Dainik Jagran Hindi News (Mobile App), Total Audience,News18 (Mobile App), India Today (Mobile App),Jan-20 to May-24, India * excluding aggregators

Performance highlights for Q1 FY2025 – Consolidated [All Comparisons with Q1 FY2024]

• Advertising Revenue grew by 8.4% to Rs. 4277 million as against Rs. 3,946 million.

• Circulation Revenue stands at Rs. 1192 million as against Rs. 1,199 million

• Total Revenue grew by 7.4% to Rs. 6163 million as against Rs. 5,736 million.

• EBIDTA grew by 40.4% to Rs. 1909 million as against Rs. 1,359 million aided by Advt revenue Growth with effective cost control measures, & also helped by softening newsprint prices. EBIDTA margin expanded by 700 basis points to 31% from 24% last year

• Net Profit grew by 49.7% YOY to Rs. 1179 million as against Rs. 788 million.

Radio business:

•  Advt Revenue grew by 6.2 % YOY at Rs 386 million versus Rs. 364 million

•  EBIDTA grew by 14.2% YOY to Rs. 132 million versus Rs. 115 million

Commenting on the performance for Q1 FY2025, Mr. Sudhir Agarwal, Managing Director, DB Corp Ltd said ,

"As we enter Fiscal 2025, Dainik Bhaskar has demonstrated resilience and strength. Our first quarter results are particularly impressive considering the dip in Govt billing due to the election code of conduct. We are maintaining our growth trajectory across our Print, Radio, and Digital platforms, underscoring the robustness of our omnichannel strategy and the underlying demand for our media offerings. Our Digital platform with currently 18 million MAUs is a powerful pillar of growth.

The editorial excellence, continued broad-based support from advertisers and the strong economic growth of our key markets provides us a strong platform. As India's economic landscape continues to evolve post-elections, we're well-positioned to capitalize on new opportunities, further cement our market leadership, and deliver enhanced value to our stakeholders.”

Q1 FY2025 financial results highlights: (comparisons with Q1FY2024 & Q4FY2024)

(Rs. Mn)

	Qtr 1 FY 24	Qtr 1 FY 25	YOY Growth	Qtr 4 FY 24	QOQ Growth
Heads
Print & Other Business Advertisement	3584	3895	8.7%	4048	-3.8%
Radio Advertisement	364	386	6.2%	412	-6.1%
Print Circulation Rev	1199	1192	-0.6%	1187	0.4%
Consol Operational Revenue	591	694	17.4%	774	-10.3%
Consol Total Income	5736	6163	7.4%	6418	-4.0%
Print & Other Business EBIDTA	1244	1777	42.9%	1823	-2.5%
Radio EBIDTA	115	132	14.2%	144	-8.6%
Consol EBIDTA	1359	1909	40.4%	1967	-3.0%

Strategic areas of focus and key updates:

• Digital Strategy: Quality Content, Deploying the Quality Talent, & Growing our Technology platform to –

• build a Highly Engaged Resulted in Loyal User Base growing to 18 million MAUs from 2 million since 2020, as per the latest Comscore Report.

•  The Company continues to invest in Digital business with a focused digital strategy of increasing the App Daily Active Users

  • Premium, Original, Local Content worth paying for - Dainik Bhaskar has invested consistently in delivering high quality, premium journalism to its readers and users in multiple formats including rich text, visual graphics and short videos. Our News App has been designed to make mobile-native vertical video news with a large content library of real time videos across multiple categories that is renewed daily. This has been well received and has seen strong traction as readers appreciate the premium, hyperlocal content being delivered to their handheld devices. We continue to be focused on “high quality journalism worth paying for”.

  • Analytical and Deeply Relevant Election Content - Post our experience with some Interactive Content experiments during the Elections in MP, CG and RJ in 2023 and Lok Sabha Elections in 2024, we intend to grow & deeply engage users with a very strong focus on indepth, local level coverage to our users possible only via Digital Platforms to keep the Political coverage beyond just Elections coverage real-time, personalized and engaging for them.

  • Innovative, Interactive Content Experiments for Big News Events - We intend to leverage every big News Event across India (like Ram Mandir, Lok Sabha Elections and a lot of upcoming News events) to grow our Direct App User Base by creating some really innovative and interactive content generating high engagement, loyalty and long term “willingness to pay” within our users. This will go beyond the standard formats like articles, videos etc and be highly engaging, yet simple enough for the masses to consume and derive value from.

  • Strong Talent Pool - Dainik Bhaskar has built a strong technology team from some of India's leading companies with Consumer Product and Technology backgrounds.

  • Continued Focus on Technology - Dainik Bhaskar continues to invest substantially in technology in order to provide best-in-class personalized news experiences that serve users from a massive pool of content while considering their demographic attributes, content preferences, location, economic segment, and real-time context to accurately predict, to maximize user engagement, long-term retention, and loyalty as well as “willingness to pay” through not only great journalism, but also a great user experience.

• ❖ Editorial strategy: Editorial excellence continues to be a hallmark of Dainik Bhaskar Group that adapts the pulse of its readers. Some of the key initiatives are detailed below:

•  Dainik Bhaskar focuses on issues that have a strong impact on the lives of its readers and is driven by its commitment to courageous and responsible journalism. Some of our well-received editorial pieces are detailed below:

  • Bhaskar's Election Coverage Sets New Standards with Insightful Analysis and Innovative Features

Bhaskar's election coverage was marked by impactful headlines and detailed analysis of state-wise dynamics across key regions like the Hindi Belt, South, Maharashtra, and Bihar. The team explored factors influencing the NDA's performance, India's political landscape, and alliance dynamics, while engaging readers with interactive features such as quizzes and prediction contests. Our innovative jacket coverage and experimental masthead reflected our commitment to pioneering journalism, complemented by features like "Hawa ka Rukh kya hai" to gauge political sentiment.

o Dainik Bhaskar's Tribute to Ujjain: 'The Glorious Mahakal' Unveiled

Dainik Bhaskar has unveiled "The Glorious Saga of Mahakal in the Splendid Ujjain," a comprehensive book highlighting the religious city's development and its significance as a hub of diverse ideologies. Released by Chief Minister Mohan Yadav, the book not only details the iconic Shri Mahakaleshwar Temple but also showcases ongoing modernization efforts and tourist attractions. This initiative has sparked discussions among literary figures, religious leaders, politicians, and intellectuals, marking a significant milestone for Ujjain.

o Chhattisgarh High Court Suo Motu Cases Based on Dainik Bhaskar Reports

Dainik Bhaskar has diligently reported on critical issues affecting Chhattisgarh, prompting the High Court to take suo motu cognizance of these matters. The newspaper's investigations shed light on various societal challenges, urging authorities to address issues such as health care gaps, education deficiencies, safety concerns, and more. Through its reporting, Dainik Bhaskar continues to advocate for transparency, accountability, and the well-being of the state's residents.

o Dainik Bhaskar's Decade-long Investigation into Jewellery Purity

Dainik Bhaskar has consistently reported on the issue of impurities in gold and silver jewellery over the past decade. On June 14th and 15th, the newspaper conducted a comprehensive analysis of over 13,000 samples of jewellery, revealing that many pieces had zero percent purity in gold and silver. This critical information was promptly published in two separate news articles, raising awareness among readers. Subsequently, both the state government and the Bureau of Indian Standards (BIS) took notice of these findings and initiated a consumer awareness campaign aimed at educating the public.

o Dainik Bhaskar Exposes Rs 1000 Crore Scandal at Bhilwara UIT

Dainik Bhaskar's investigative report uncovers a massive scam at Bhilwara UIT, revealing collusion between the land mafia and UIT officials in a fraudulent land compensation scheme. The expose, led by journalist Jasraj Ojha, sheds light on the disappearance of 3126 crucial files and prompts swift action from the Anti-Corruption Bureau (ACB). As the state government launches a special investigation team, questions mount over accountability and the involvement of officials in the alleged billion-dollar corruption.

o Undercover Investigation by Dainik Bhaskar Exposes Illegal Arms Trade Network

Dainik Bhaskar's rigorous undercover operation unravels a network of illegal arms dealers operating via social media platforms in Patna. The investigative team navigated challenges with strategic precision, collaborating with cyber experts and law enforcement to meticulously gather evidence. Their efforts culminated in exposing the illicit trade and ensuring accountability, highlighting the publication's commitment to investigative journalism and public safety.

❖ Radio strategy: MY FM has been relentless in its efforts to connect with the audience and enhance listener engagement through groundbreaking content creation

 MY FM Introduces 'Babaji Practical Hai': Your Daily Dose of Humorous Wisdom"

MY FM has introduced a new comedy segment titled "Babaji Practical Hai," featuring the humorous and insightful character Babaji. Babaji offers witty commentary on various everyday challenges, from navigating office dynamics to the intricacies of married life, providing practical and humorous insights. Airing once every hour throughout the day on MY FM, Babaji's jokes and humorous takes aim to provide a refreshing break from the daily routine and offer a light-hearted perspective on life's ups and downs.

• MY FM Unveils Diverse Programming Slate in Jaipur & Ahmedabad: A New Era of Entertainment Begins

MY FM has launched an exciting array of programming in Jaipur and Ahmedabad, introducing 14 new shows in Jaipur and 9 in Ahmedabad to cater to a wide range of listener interests. The morning kicks off with "Aradhana" hosted by RJ Chhavi, offering a spiritual journey to uplift listeners' spirits and set a positive tone for the day. Following this, "Life Ke Toppers" with RJ Kartik celebrates the achievements of eminent personalities across various fields, providing inspiring insights into their legacies.

For those keen on staying informed, "Muddon Ki Chaupad" delivers comprehensive news and current affairs coverage, ensuring listeners are up-to-date. "Aisa Bhi Hota Hai" with RJ Mohit explores the world of strange and remarkable creations, offering intriguing glimpses into the extraordinary.

• MY FM has achieved notable recognition at prestigious industry awards including IASA 2024 , Afaqs Media Brand Awards, ACEF Global Customer Engagement Award 2024, and Golden Mikes Radio & Audio Awards 2024, showcasing excellence in radio broadcasting and customer engagement on a global scale.

 CSR Activity: At Dainik Bhaskar Group, we drive change for a sustainable tomorrow, with nature at the heart of our corporate responsibility

• Dainik Bhaskar had launched a comprehensive initiative for the Lok Sabha Election 2024, focusing on strategic advertising across key dates. This initiative aimed to provide extensive coverage of electoral developments, candidate profiles, voter education, and polling day logistics. These ads were designed to inform and engage voters during critical phases of the election process.

• Dainik Bhaskar initiated a CSR project on World Press Freedom Day. This initiative likely aimed to support and promote the principles of press freedom. Such efforts are crucial in fostering a free and responsible press, which plays a vital role in democratic societies by ensuring transparency, accountability, and the dissemination of accurate information to the public.

• Dainik Bhaskar's ongoing Save Birds CSR Campaign aims to alleviate the challenges faced by birds during the harsh summer season by raising awareness through impactful print ads. This campaign encouraged individuals to proactively place Sakoras/pots filled with water and food grains on their balconies, rooftops, and other accessible areas. We distributed 50,500 Sakoras across 16 towns through the efforts by circulation and brand teams and partnered with corporate clients, educational institutions, and communities.

• Dainik Bhaskar launched an initiative by conducting digital wall paintings across various districts in Rajasthan. These paintings were aimed at promoting our commitment to fearless journalism, emphasizing our role in delivering unbiased and impactful news coverage and to connect with the audience and demonstrate the societal responsibility beyond reporting news.

 Awards

•  Dainik Bhaskar was honored with the prestigious Do-Good Award by Exchange4Media in the category of Best CSR for their impactful campaign "Mitti Ke Ganesh." This recognition highlights our outstanding contribution and commitment to corporate social responsibility through the innovative initiative aimed at promoting sustainable practices and cultural conservation.

•  Dainik Bhaskar received the bronze award in the Best Digital Brand Video category at the DigiOne Awards organized by Exchange4Media, for our campaign "Sarthak Diwali."

About DB Corp Ltd

DB Corp Ltd. is India’s largest print media company that publishes 5 newspapers with Dainik Bhaskar 43 editions, Divya Bhaskar 8 editions & Divya Marathi 6 editions with 210 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 6.67 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 all its 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 4 portals for rapidly expanding digital audiences, and 3 actively downloaded mobile applications.

For further information please visit http://dbcorpltd.com/ or contact:

Mr. Prasoon Kumar Pandey

Head – Investor & Media Relations Tel: +91-22- -71577000 (Dir 4706) Email: prasoon@dbcorp.in

Address for investor communication: DB Corp Ltd. 501, 5th Floor, Naman Corporate Link, Opp. Dena Bank, C-31, G-Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051