DB Corp bets on monsoon to help post Q2-like show in next 2 qtrs

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Media firm DB Corp on Thursday reported 55.9 percent increase in consolidated net profit at Rs 88.51 crore for the second quarter ended September 30, 2016. The company had posted a net profit of Rs 56.76 crore in July-September period of the previous fiscal, DB Corp said in a BSE filing. Net sales on consolidated basis were up 10.45 percent at Rs 521.02 crore as against Rs 471.70 crore in the corresponding quarter of the last fiscal. 

 

Total expenses were at Rs 399.74 crore, up 2.35 percent from the year-ago period. With good monsoon and positive market response the company expects the momentum to continue over the next six months, said Girish Agarwaal, Director, DB Corp. DB Corp’s other expenses reduced by 14 percent in the second quarter on account of gains made from radio business and from provisions taken in the previous years.