Analysts/Institutional Investor Meet/Con. Call Updates

October 21, 2026 The Manager (Listing - CRD) The Manager (Listing Department) BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Tower, Exchange Plaza, C-1, Block G, Dalal Street, Fort, Bandra Kurla Complex, Bandra (East), Mumbai - 400 001. Mumbai - 400 051. Scrip Code: 533151 SYMBOL: DBCORP ISIN: INE950I01011 Sub.: Transcript of the Conference Call for Investors and Analysts held on October 16, 2026 Ref.: Regulation 30 and 46 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’) Dear Sir/Madam, In continuation to our letter dated October 9, 2026 and pursuant to the aforesaid SEBI Listing Regulations, we hereby submit the transcript of Conference Call for Investors and Analysts held on Friday, October 16, 2026 at 4:30 PM (IST) on the Company’s financial performance for the 2nd quarter and half year ended September 30, 2026. The same has been uploaded on the Company’s website within the stipulated timelines at https://www.dbcorpltd.com/financial-results.php. The link to access the said transcript is: https://dbcorpltd.com/img/DB_Corp_Q2_FY27_Conference_Call_Transcript.pdf Request you to kindly take the above information on records. Thanking you, For D.B. Corp Limited Om Prakash Pandey Company Secretary & Compliance Officer Membership No.: F7555 Encl.: as above “DB Corp Limited Q2 FY27 Earnings Conference Call” October 16, 2026 MANAGEMENT: MR. PAWAN AGARWAL – DEPUTY MANAGING DIRECTOR – DB CORP LIMITED MR. GIRISH AGARWAL – DIRECTOR – DB CORP LIMITED MR. LALIT JAIN – CHIEF FINANCIAL OFFICER – DB CORP LIMITED MR. MUSHTAQ ALI – SENIOR VICE PRESIDENT, FINANCE AND ACCOUNTS – DB CORP LIMITED DB Corp Limited October 16, 2026 Moderator: Ladies and gentlemen, good evening, and welcome to D.B. Corp Limited Q2 FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal the operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. We have with us today the senior management of the D.B. Corp Limited, Mr. Pawan Agarwal, Deputy Managing Director; Mr. Girish Agarwal, Director; Mr. Lalit Jain, Chief Financial Officer; and Mr. Mushtaq Ali, Senior Vice President, Finance and Accounts, who will represent D.B. Corp Limited on the call. The management will be sharing the key operating and financial highlights for the quarter ended and H1 ended September 30, 2026, followed by the question-and-answer session. Please note that some of the statements made in today's discussion may be forward-looking in nature and may involve risks and uncertainties. Document relating to the company's financial performance have already been e-mailed to you and are available on the website of Stock Exchanges and the company's Investors section. Trust, you have been able to go through the same. I now hand the conference over to Mr. Pawan Agarwal. Thank you, and over to you, sir. Pawan Agarwal: Good evening, everyone, and thank you for joining the Q2 FY27 D.B. Corp Earnings Conference Call. We will begin the call by highlighting the key financial performance for the quarter ended September 30, 2026, followed by key operational updates across our businesses. Our consolidated total revenues for the quarter stood at INR614 crores compared to INR635 crores in Q2 FY26. EBITDA stood at INR124 crores compared to INR115 crores in the corresponding quarter last year, while profit after tax stood at INR69 crores against INR93 crores. As you know, last year, Navaratra festival season was in Q2, and this year, it falls in Q3. So on a like-to-like basis, D.B. Corp advertising revenue and EBITDA registered positive single- digit growth in Q2 excluding the impact of this festive shift. This underlying growth reflects the continued strength of the company's established franchise and the steady momentum of its core business. Coming to advertising revenue. Our consolidated advertising revenue stood at INR411 crores compared to INR439 crores in Q2 FY26. While the timing of festive advertising impacted the year-on-year comparison, we remain Page 2 of 15 DB Corp Limited October 16, 2026 focused on strengthening advertiser relationships and sustaining engagement across the key markets. Circulation revenue stood at INR116 crores compared to INR121 crores in the corresponding quarter last year. On the cost front, newsprint costs increased by 14% during the quarter, primarily due to broader geopolitical uncertainties and related cost pressures. We continue to focus on procurement efficiencies cost optimization and disciplined inventory management to mitigate the impact of higher input costs and preserve operating profitability. Let me now briefly take you to our first half performance for H1 FY27 consolidated total revenue stood at INR1,246 crores compared to INR1,222 crores in H1 FY26. Advertising revenue increased to INR843 crores from INR832 crores, while circulation revenue stood at INR236 crores compared to INR241 crores. EBITDA for the first half stood at INR289 crores against INR297 crores, and profit after tax was INR169 crores compared to INR174 crores in the corresponding period last year. Moving on to our radio business. Revenue for Q2 FY27 stood at INR39 crores compared to INR43 crores in Q2 FY26, while EBITDA stood at INR11 crores against INR13 crores. For H1 FY27, radio revenue remained stable at INR82 crores, while EBITDA improved to INR26 crores from INR24 crores in the corresponding period last year, reflecting an improvement in profitability. Our digital business continues to be an important long-term growth pillar for the company. We remain focused on strengthening our digital presence through investments and content, technology and user experience while building on the reach and credibility of our established media brands. With this, I would now like to hand over the call to Mr. Girish Agarwal. Over to you Girish. Girish Agarwal: Thank you, Pawan, and good evening, everyone, and thank you for joining us on this call today. The shift in festival-linked advertising activity impacted the quarter's year-on-year comparison. Despite these challenges, our underlying business remain broadly stable, supported by our strong readers relationship, trusted brands and continued relevance among advertisers. Looking ahead, we've been positive about the opportunities in the second half of the year with the festive season expected to support advertising activity across our key markets. We will continue to strengthen our advertisers' partnership, enhance reader engagement and build on our competitive advantage across newspapers, radio and digital with a sustained focus on efficiency, innovation and long-term growth. We remain committed to strengthening our market position and creating sustainable value for all our stakeholders. With this, we can now open the floor for the questions and answer session. Thank you. Page 3 of 15 DB Corp Limited October 16, 2026 Moderator: Thank you very much. We will now begin the question-and-answer session. Your first question comes from the line of Abhinav Mandowara with Aequitas Investments. Abhinav Mandowara: My first question is regarding the seasonality. As you mentioned, Navratri was there in Q2 last year and this time we have seen in Q3. So what is the revenue guidance on our advertisement for Q3 and for the whole year as a whole and also circulation business? Girish Agarwal: See, on the advertising front, as we mentioned to you, because of the 8 days of shift of the season from September to October, we believe there is an impact of almost around INR40 crores. Now with that shifting into Q3 and the overall momentum, what we believe is there, though in certain parts of India, the monsoon is not playing well because in Ra [Showing first 8,000 characters — download PDF for full document]