Able to achieve 80% of revenue of what we did last year: DB Corp

DB Corp’s third-quarter revenues have declined, but it reported strong operational performance driven by high gross margins and lower expenses. Girish Agarwal, Promoter and Director at DB Corp spoke with CNBC-TV8 about their third-quarter earnings fineprint.

On revenues, Agarwal said, “Q3 we were able to achieve 87 percent of last year Q3 one of the big achievement considering the pandemic and environment around. Good thing is that our EBITDA grew by almost 16 percent over last year and based on the strong cost-cutting that we were able to implement in the company without comprising on the quality. In October and November month which was the season month, we were almost at 95 percent of our last year's revenue. We are confident that going forward things are only going to improve.”

On the circulation revenue, he said, “From pre-COVID numbers, we are now at 87 percent almost at 90 I would say. But if I take a benchmark of December last year then we are at around 85 percent, with the railways opening up and the state transport system opening up we should be able to increase this 10 percent gap in the next couple of months.”