DB Corp reported a 17% decline in standalone net profit for the July-September quarter of the current financial year, with a profit of Rs 83 crore compared to Rs 100 crore in the same period last year. Revenue for the quarter fell by 4.61% to Rs 559 crore from Rs 586 crore in the previous year.
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Earnings before interest, taxes, depreciation, and amortization (EBITDA) also decreased by 20%, totaling Rs 120.69 crore, while the EBITDA margin shrank by 427 basis points to 21.59%.
Key Highlights of DB Corp Q2 Results (Standalone, YoY):
- Revenue from operations decreased by 4.61% to Rs 559 crore from Rs 586 crore.
- Net profit fell by 17% to Rs 83 crore from Rs 100 crore.
- EBITDA dropped 20% to Rs 120.7 crore from Rs 151.6 crore.
- EBITDA margin narrowed to 21.59% from 25.86%.
Additionally, DB Corp announced a second interim dividend of Rs 5 per equity share of Rs 10 each, to be paid to shareholders by November 13, with the record date set for October 25.
In trading, DB Corp shares fell as much as 6.92% intraday but closed 5.95% lower at Rs 318.55, compared to a 0.28% decline in the NSE Nifty 50. However, the stock has increased by 20.53% year-to-date and is up 9.07% over the past 12 months.
