Media company DB Corp Ltd reported a 4.7 per cent decline in consolidated net profit to ₹118.2 crore for the quarter ended December 2024, compared to ₹124 crore in the same period last year, impacted by lower advertising revenue during the quarter.

The shares of DB Corp Ltd were trading at ₹267.70 down by ₹2 or 0.74 per cent on the NSE today at 2.10 pm.

The publisher of Dainik Bhaskar newspaper saw its consolidated revenue drop 1.4 per cent to ₹655.6 crore in Q3 FY25 from ₹664.8 crore a year ago. Advertising revenue declined 1.1 per cent to ₹476.7 crore versus ₹481.9 crore in Q3 FY24, which had benefited from state election-related advertisements.

Operating profit (EBITDA) fell 6.4 per cent to ₹190.2 crore compared to ₹203.1 crore in the year-ago quarter. The company’s print business EBITDA declined 7.2 per cent to ₹171.4 crore.

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However, for the nine months ended December 2024, DB Corp posted its highest-ever performance with net profit growing 5.2 per cent to ₹318.7 crore. Nine-month revenue grew marginally by 0.8 per cent to ₹1,854.4 crore, while EBITDA increased 3.7 per cent to ₹525.2 crore.

The company’s radio business showed improvement, with advertising revenue growing 5.8 per cent to ₹49.2 crore in Q3 FY25. For the nine-month period, radio ad revenue rose 9 per cent to ₹128.7 crore.

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DB Corp benefited from lower newsprint costs, which declined 14 per cent year-on-year to ₹47,600 per metric ton in the nine months. The company said newsprint prices remained stable in Q3 and are expected to stay soft in the coming quarters, subject to dollar exchange fluctuations.

The media company has seen significant growth in its digital presence, with its news apps user base expanding from 2 million in January 2020 to approximately 19 million in October 2024.