Shares of this small-cap stock involved in the print media industry soared up to 18 percent after release of robust Q1 results. The company has a market capitalization of Rs 4,000 crores.
The stocks of D B Corp Limited opened their trading hour on Friday at Rs 197 and currently trade at Rs 228.35. The scrip witnessed an intra-day high of Rs 233, also marked as the company’s fresh 52-week high level, indicating a gain of around 18 percent as compared to the previous closing levels of Rs 197.70 apiece.
Keeping a purview of one year, the company’s stock has delivered multibagger returns of 180 percent to its stakeholders. It means that if someone would have invested Rs 1 Lakh into the stock, it would have converted to Rs 2.80 Lakhs within a period of one year.
Such sharp movements in the stock prices today were observed after the company, through a regulatory filing with the BSE dated 20th July 2023, announced the financial results for the quarter ending June 2023.
On a QoQ basis, the basic parameters such as the operating revenues and net profits showed decent growth with the former increasing from Rs 531 crores during Q4FY22-23 to Rs 554 crores in Q1FY23-24, and, the latter, during the same time period, moving up from Rs 41 crores to Rs 79 crores.
On a yearly basis, the operating revenues rose from Rs 494 crores during Q1FY22-23 to Rs 554 crores in Q1FY23-24, and, net profits took a shift from Rs 31 crores to Rs 79 crores indicating an increase of 155 percent.
In addition to the above, the company also approved an Interim Dividend of Rs 3 per equity share, i.e., 30 percent of the company’s Face Value of Rs 10 each.
As per the latest shareholding data available for the June 2023 quarter, the Promoters hold a 71.97 percent stake, and the Foreign Institutional Investors (FIIs) hold a 12.51 percent stake in the company.
D B Corp Limited is a print media company based in India that is engaged in the radio as well as digital sectors. Some of the flagship newspaper brands of the company include Dainik Bhaskar, Divya Bhaskar, etc. Moreover, the group has a network of more than 25 radio stations.
Written by Amit Madnani
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