Shares of this small-cap print media company under Rs 115 hit a new 52-week high in a volatile market

While the market is red, the stock soars 12.99%.

DB Corp Ltd is engaged in newspaper publishing and broadcasting, provision of integrated Internet and mobile interactive services and event management. Its main brands are Dainik Bhaskar (Hindi daily), Divya Bhaskar and Saurashtra Samachar (Gujarat daily) and Divya Marathi (Marathi daily).

In Q1FY23, revenue increased by 62.39% year-on-year to Rs 494.1 crore from Rs 304.26 crore in Q1FY22. On a sequential basis, revenue increased 4.69%. PBIDT (Ex OI) was reported at Rs 67.56 crore, up 4694.68% from the prior year period and the corresponding margin was reported at 13.67%, up 1321 basis points year-on-year. The PAT was reported at Rs 31 crore, up 239.31% from Rs -22.25 crore in the same quarter last year. The PAT margin was 6.27% in Q1FY23, compared to -7.31% in Q1FY22.

Monday afternoon, at 12:37 p.m., the S&P BSE SmallCap, of which the company is a part, is at 28054.63, down 0.43%. Shares of the company hit a new 52-week high at Rs 112.05 and a 52-week low at Rs 72.65. Shares of the company have DB Corp Ltd rose by 12.99% and currently the certificate is trading at Rs 107.85.

Cathy W. Howerton