DB Corp’s Q3 net profit up 6.64% at Rs 118 cr

By: |
New Delhi | Published: January 19, 2017 2:49:38 PM

The company's total income from operations was up 6.32 per cent to Rs 627.27 crore during the quarter under review as against Rs 589.97 crore in the year-ago period.

The company's total income from operations was up 6.32 per cent to Rs 627.27 crore during the quarter under review as against Rs 589.97 crore in the year-ago period. (PTI)The company’s total income from operations was up 6.32 per cent to Rs 627.27 crore during the quarter under review as against Rs 589.97 crore in the year-ago period. (PTI)

Media firm DB Corp today reported a 6.64 per cent rise in consolidated net profit at Rs 118.1 crore for the third quarter ended December 31. The company had posted a net profit of Rs 110.74 crore in the October-December period of the previous fiscal, DB Corp said in a BSE filing.

The company’s total income from operations was up 6.32 per cent to Rs 627.27 crore during the quarter under review as against Rs 589.97 crore in the year-ago period.

During the quarter under review, D B Corp’s advertising revenue increased by 4 per cent to Rs 453 crore.

You May Also Want To Watch:

Speaking on the impact of demonetisation, D B Corp MD Sudhir Agarwal said: “We expect the immediate-to-medium-term impact of the currency purge undertaken by the government, on consumption, to normalise over the next few months, a process which has already started improving.”

In a separate filing, DB Corp said its board has declared an interim dividend of Rs 4 per equity share of face value of Rs 10 each for the financial year 2016-17.

Shares of the company were trading 0.46 per cent up at Rs 357.50 apiece on BSE.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Next Stories
1Nintendo says to launch Super Mario Run Android version in March
2Key Samsung shares open up after court dismisses arrest warrant for group leader
3Oreo maker Mondelez to sell Vegemite brand to Bega Cheese