D.B.Corp Limited

Girish Agarwal

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Girish Agarwal

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Girish Agarwal

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Akhil Hazari

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Girish Agarwal

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Girish Agarwal

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Akhil Hazari

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Akhil Hazari

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Girish Agarwal

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Abhishek Salunke

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In Q4 FY2021 the copies were 45 lakhs and in Q4 FY2022 the copies are around 42.76 lakhs, so clearly two-and-a-half lakh copies, which is around 5% to 6% decline over the Q4FY2021.

— Girish Agarwal

39 Cr for radio which has come down to Rs 289 Cr and 30 Cr respectively which is around 30% decline but is there any visibility that we can get back?

— Himanshu Upadhyay

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Let me give you the number. In Q4 FY2021 the copies were 45 lakhs and in Q4 FY2022 the copies are around 42.76 lakhs, so clearly two-and-a-half lakh copies, which is around 5% to 6% decline over the Q4FY2021. If I talk about the pre-COVID number also, there is loss of 10 - 12% loss of copies that have gone for two reasons, some of the households have actually stopped subscribing two papers or even one paper and the offices copies, railway station copies, bus stand copies, hotel copies that has been discontinued to a large extent. We are putting all our efforts to see how we can get those copie

Himanshu Upadhyay

Similarly on the advertisement revenue part, so let’s say the revenue in Q4 FY2019 for newspaper was Rs 374 Cr and Rs. 39 Cr for radio which has come down to Rs 289 Cr and 30 Cr respectively which is around 30% decline but is there any visibility that we can get back? Sure, let me give you the numbers in detail comparing 2019-2020, is that right? Himanshu Upadhyay: No, I am saying 2019 because in 2019-2020 last two weeks were already shutdown okay so March 2020 so that is why I am comparing it with March Q4 FY2019. I do not have number of 2018-2019 right now with me I have 2019-2020 numbers th

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I missed your initial comments so can you just elaborate on your digital strategy because apparentlywe are doing pretty well over there compared to other peers and also, we have hired the ex-CEO of NYT, he is on the advisory board so how are we looking at this whole piece and how will it contribute to our advertising revenues and is it already contributing or how will we monetize the whole thing?

Pawan Agarwal

As I said we are happy to share that our monthly active users from 2 million in January 2020 have reached a number of 17 million in this quarter so it is eight times increase in our monthly active users and then on those monthly activities we have also achieved 1 million average e- newspaper downloads, so there are few things that we are tracking. We are also the largest app on the Comscore as far as all other news brand are concerned and you asked whether this current advertising revenue has any contributions on digital so there is a very small contribution right now, but we have plans and we

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It is good to know that the business is back to almost pre-COVID level and if not for the cost of paper prices increasing, I think we would have looked at a much bigger number so what is your outlook on the cost of paper prices in fiscal 2023 you look at softening or going up?

Girish Agarwal

Unfortunately, if you look at the paper prices this quarter our average price is sitting at 48,000 per ton but this is because we already had some inventory and we also had some contract with us for the older rate. Current market rate this would be currently north of 60,000 plus so our worry is that in Q1 our cost has also jumped, but having said that because of the raw material availability now for the newsprint industry I think they are indicating the cost will go down going forward so we will have some impact coming in Q2 and Q3 as a reduction. Let us see by Q3 we will have a clear picture

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Good evening. Two questions, first question is regarding the costs so I missed your point on saying that you saved some cost so what cost savings are permanent in nature or something like that which will flow into FY2023 also?

Girish Agarwal

In 2021 we had done a saving of around 185 Crores over 2019-2020 out of that almost 150 Crores continued as saving for 2021-2022 also and we believe that almost 95 Crores will continue saving for this year going forward. Secondly in some previous questions you answered about the EBITDA margins I missed that point. Our print EBITDA margin is 26% for full year of FY2022 and we believe we are working towards this that we should be able to improve this going forward. Thank you so much.

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Thanks for taking my questions. Sir you talked about the digital media campaign cost hike in this quarter so just want to understand since you are not giving the number whether that will be a one- off or that will continue going forward?

Girish Agarwal

See it all depends, the response what we have got from the market and we feel that this is further going to help us to take the numbers higher we would try to do something more but we believe that what we have done is good enough and will take on for some more time, we may not so it all depends based on the business requirement. So, any guidance on overall EBITDA margins. I understand you will say that print margins will improve but overall EBITDA margins of the company any thoughts on that? Our endeavor is to ensure that we go back to what we were doing earlier. Let us see how the newsprint p

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In FY2022 how much operating revenue was saved like in 2019-2020 you mentioned that you saved 180 Crores so in FY2022 how much was saved?

Girish Agarwal

Cost? Yes, the cost. So not revenue the cost, as I mentioned to you in 2021, we were able to save Rs.185 Crores and the question was that is this 185 Crores sustainable going forward. Out of that 185 in the year 2021-2022 we were able to continue a saving of Rs.150 Crores going forward out of that 150 we believe 95 Crores will be further continued as a saving going forward. Got it. Thank you so much.

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As you mentioned, the weaker player may be willing to sell out but the question is that do we want to acquire weaker players unless until they add any value to us there is no point for the sake of looking at them. Certainly, we are not looking at the weaker players to be taken up and as far as we are concerned on our organic thing so wherever in our markets of Rajasthan, Gujarat, Bihar, Madhya Pradesh we are further working on that to see how we can gain some more copies in these markets maybe in the newer areas or newer markets and all that within our geography.

Himanshu Upadhyay

So geographical expansion we are not thinking currently? Yes, we are not seeing any geographical expansion right now. In the existing markets the organic growth what you are expecting will it be more from getting weaker players copies or you think the way the things are you will get those copies more? Yes, you are right there. So, can you explain? In a particular market I am operating and there are two more publications operating now because of the overall cost issues they may have decided to weaken their product by using the inferior quality of newsprint or reduce the number of pages, reduce

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My question is on the advertising revenues. Now on the high base we have grown a little weak during the quarter but could you give us a little bit of outlook as to how we are seeing the coming year and is there pressure because of most of the corporates are facing inflationary pressures on their margins as well so are we seeing any pressure or is it because the real estate is sort of picking up so what is the trends that we are looking on the advertising revenue sites and you also mentioned that the digital monetizing part should also start looking better from the next year onwards so together

Girish Agarwal

Advertising revenue if I go segment wise then real estate is one segment which is looking brighter, education is also looking good, jewelry is looking fantastic, travel category looking very good, banking and finance is looking good, the category which I want them to improve drastically because they have gone drastically down are the automobile, lifestyle, and government, so if these three categories come back to their normal and with some growth over 2019-2020 we are in a good shape. What was the contribution to the overall revenues for FY2022 from government? Around 14%. Should we look at so

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Thank you everyone for your participation and time on this earnings call today. I hope that we responded to your queries adequately today and we will always be happy to be of assistance to our investor relations department headed by Mr. Prasoon Kumar Pandey for all your further enquiries. Take care everyone and stay safe. Thank you. Have a good evening ahead.

Management