D B Corp Ltd (NSE:DBCORP)
₹ 208.75 +0.48 (+0.23%) Market Cap: 37.21 Bil Enterprise Value: 30.12 Bil PE Ratio: 10.58 PB Ratio: 1.54 GF Score: 86/100

Q1 2026 DB Corp Ltd Earnings Call Transcript

Jul 16, 2025 / 11:00AM GMT
Release Date Price: ₹281.25 (+3.32%)

Key Points

Positve
  • D B Corp Ltd (BOM:533151) reported a resilient performance in Q1 FY26 despite a high base effect from last year's general elections.
  • Advertising revenue showed single-digit growth when normalized for the election-related spike, indicating sustained advertiser interest.
  • The digital segment saw a significant increase in monthly active users, reaching 22 million in May 2025, reflecting strong digital engagement.
  • The company maintained circulation numbers during the typically lean summer months, demonstrating effective circulation strategies.
  • Newsprint prices remained stable, with a slight decline in average cost per metric tonne, contributing to cost management.
Negative
  • Total revenue for the quarter decreased to INR5,872 million from INR6,163 million in Q1 FY25, reflecting a year-on-year decline.
  • Overall EBITDA and net profit both saw declines compared to the previous year, with EBITDA at INR1,384 million and net profit at INR808 million.
  • Government and political advertising revenue dropped by 40% due to the absence of election-related spending, impacting overall advertising revenue.
  • The radio segment experienced a decline in EBITDA from INR132 million to INR115 million year-on-year.
  • Increased other expenses related to circulation initiatives and digital investments led to lower margins compared to the previous year.
Operator

Ladies and gentlemen, good evening, and welcome to the DB Corp Limited. Q1 FY26 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.

We have with us today, the senior management team of DB Corp Limited: Mr. Pawan Agarwal, Deputy Managing Director; Mr. Girish Agarwal, Non-Executive Director; Mr. Lalit Jain, Chief Financial Officer; Mr. Mushtaq Ali, Senior Vice President, Finance and Accounts; and Mr. Prasoon Kumar Pandey, Head, Investor and Media Relations, who will represent DB Corp Limited on the call.

The management will be sharing the key operating and financial highlights for the quarter ended June 30, 2025, followed by a question-and-answer session.

Please note that some of the statements made in today's discussion may be forward-looking in nature and may involve risks and uncertainties. Documents relating to the company's financial performance have already been emailed to you and are available on the website of the stock exchanges and the company's investors section. Trust you have been able to go through the same.

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