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.
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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.
