DB Corp Limited, India's largest print media company, announced its financial results for the quarter ended December 31, 2025. The company reported consolidated revenue of ₹6,293.28 crores compared to ₹6,556.41 crores in the corresponding quarter of the previous year. Net profit for the quarter stood at ₹955.09 crores against ₹1,182.10 crores in Q3FY25.

Financial Performance Overview

The company's performance during Q3FY26 was impacted by high base effects from the festive season and election-related advertising in the corresponding quarter of last year. Advertising revenue declined by 7.80% year-on-year to ₹4,395 million, while total revenue decreased by 4.00% to ₹6,293 million. EBITDA for the quarter stood at ₹1.35 billion compared to ₹1.70 billion in the previous year, with EBITDA margin compressing to 22.32% from 27.58%.

Segment-wise Performance

The printing, publishing and allied business generated revenue of ₹5,643.01 crores compared to ₹5,941.78 crores in Q3FY25. The radio segment reported revenue of ₹410.16 crores against ₹486.45 crores in the previous year quarter.

Nine Months Performance

For the nine months ended December 31, 2025, the company reported consolidated revenue of ₹18,512.34 crores compared to ₹18,544.18 crores in the corresponding period of the previous year. Net profit for the nine-month period stood at ₹2,698.07 crores against ₹3,186.49 crores in 9MFY25.

Dividend Declaration

The Board of Directors declared a second interim dividend of ₹2.00 per equity share of face value ₹10 each for the financial year 2025-26. The record date for determining eligibility has been set as January 22, 2026, with payment to be made on or before February 13, 2026.

Management Changes

The company announced key changes in its senior management team. Mr. Amit Prakashrao Waghmare resigned from his position as Chief Information Officer, with his last working day being January 31, 2026. The Board approved the appointment of Mr. Rakesh Khetan as the new Chief Information Officer in the Technology department, effective January 15, 2026.

Digital Business Growth

The company's digital business maintained strong momentum with Monthly Active Users (MAUs) standing at approximately 21 million as of November 2025. Dainik Bhaskar continues to hold the position as the number one Hindi and Gujarati News App, strengthening its position as the leading digital Indian language media platform.

Operational Highlights

Despite facing challenges from high base effects, the company maintained operational discipline through continued cost control measures. The management noted that newsprint prices continued to remain stable in Q3FY26 with some sequential rate correction, though margin compression was evident with EBITDA margin declining to 22.32% from 27.58% in the previous year.

Outlook and Strategic Focus

Managing Director Sudhir Agarwal commented that the company delivered stable performance despite being impacted by higher base effects from festive season and state elections. He noted that advertiser sentiment improved sequentially through the quarter, reflecting gradual pick-up in demand across markets. The company remains focused on cost discipline and operational efficiencies while positioning itself to capture emerging opportunities.

DB Corp Limited held its board meeting on January 15, 2026, approving quarterly financial results and announcing significant corporate developments including dividend declaration and senior management changes.

Financial Results and Dividend Declaration

The board approved unaudited financial results for both standalone and consolidated operations for the quarter and nine months ended December 31, 2025. Along with the results, the company declared a second interim dividend for the financial year 2025-26.

Shareholders holding equity shares as of the record date will be eligible for the dividend payment, which represents the second interim distribution for the current financial year.

Senior Management Changes

The company announced significant changes in its technology leadership team during the board meeting. Chief Information Officer Amit Prakashrao Waghmare submitted his resignation from the Technology department, with his last working day scheduled for January 31, 2026.

Simultaneously, the board approved the appointment of Rakesh Khetan as the new Chief Information Officer in the Technology department, effective January 15, 2026. The appointment was made based on recommendations from the Nomination and Remuneration Committee, placing Khetan in the Senior Management cadre.

Corporate Governance and Compliance

The board meeting commenced at 11:30 AM IST and concluded at 1:00 PM IST on January 15, 2026. All decisions were made in compliance with SEBI Listing Regulations, including Regulations 30, 33, and 42.

The company submitted comprehensive documentation to both BSE Limited and National Stock Exchange of India Limited, including:

• Unaudited financial results for standalone and consolidated operations
• Limited review reports on the financial results
• Press release detailing the announcements
• Detailed disclosure documents for senior management changes

About DB Corp Limited

DB Corp Limited operates as India's largest newspaper group, with presence across 14 states and publications in 4 languages. The company's portfolio includes major brands such as Dainik Bhaskar, MY FM radio stations, and various regional publications. The company maintains its registered office in Ahmedabad, Gujarat, with corporate office in Mumbai and head office in Bhopal, Madhya Pradesh.