Jagran Prakashan Ltd. Results

Q2FY25 Quarterly Result Announced for Jagran Prakashan Ltd.

Publishing company Jagran Prakashan announced Q2FY25 results Standalone Financial Highlights Operating Revenues at Rs 375.76 crore as against Rs 390.59 crore. Advertisement Revenues at Rs 244.55 crore as against Rs 254.03 crore. Circulation Revenues at Rs 79.87 crore as against Rs 86.74 crore. Other Operating Revenues at Rs 51.34 crore, up by 3.1% from Rs 49.82 crore. Digital Revenue at Rs 20.69 crore as against Rs 21.01 crore. Operating Profit at Rs 64.25 crore as against Rs 64.52 crore. Other Income at Rs 20.22 crore, up by 71.1% from Rs 11.82 crore. PBT at Rs 69.09 crore, up by 14.8% from Rs 60.17 crore. PAT at Rs 47.37 crore, up by 5.6% from Rs 44.84 crore. EPS (non-annualized) of Rs 2.18, up by 5.8% from Rs 2.06. Consolidated Financial Highlights Operating Revenues at Rs 446.51 crore as against Rs 458.73 crore. Advertisement Revenues at Rs 312.14 crore as against Rs 318.61 crore. Circulation Revenues at Rs 82.66 crore as against Rs 89.72 crore. Other Operating Revenues at Rs 51.71 crore, up by 2.6% from Rs 50.40 crore. Digital Revenue at Rs 27.43 crore as against Rs 27.57 crore. Operating Profit at Rs 67.53 crore as against Rs 71.93 crore. Other Income at Rs 27.06 crore, up by 50.3% from Rs 18.00 crore. PBT at Rs 62.34 crore, up by 10.4% from Rs 56.55 crore. PAT at Rs 41.65 crore, slightly up from Rs 41.52 crore. EPS (non-annualized) of Rs 1.97, slightly up from Rs 1.95.

Q1FY25 Quarterly Result Announced for Jagran Prakashan Ltd.

Publishing company Jagran Prakashan announced Q1FY25 results: Standalone: Operating Revenues at Rs 370.45 crore as against Rs 385.56 crore. Advertisement Revenues at Rs 226.24 crore as against Rs 243.83 crore. Circulation Revenues at Rs 82.72 crore as against Rs 92.22 crore. Other Operating Revenues at Rs 61.48 crore, up by 24.2% from Rs 49.51 crore. Digital Revenue at Rs 15.01 crore, up by 4% from Rs 14.43 crore. Operating Profit at Rs 58.08 crore as against Rs 62.11 crore. Other Income at Rs 15.98 crore, up by 3% from Rs 15.50 crore. PBT at Rs 59.57 crore as against Rs 60.55 crore. PAT at Rs 43.98 crore as against Rs 47.48 crore. EPS (non-annualized) of Rs 2.02 as against Rs 2.18. Consolidated: Operating Revenues at Rs 444.12 crore as against Rs 454.58 crore. Advertisement Revenues at Rs 296.66 crore as against Rs 309.37 crore. Circulation Revenues at Rs 85.52 crore as against Rs 95.13 crore. Other Operating Revenues at Rs 61.94 crore, up by 23.7% from Rs 50.07 crore. Digital Revenue at Rs 22.27 crore, up by 9% from Rs 20.43 crore. Operating Profit at Rs 65.52 crore as against Rs 69.42 crore. Other Income at Rs 23.12 crore, up by 6.9% from Rs 21.61 crore. PBT at Rs 57.55 crore, up by 1.2% from Rs 56.86 crore. PAT at Rs 41.03 crore as against Rs 43.89 crore. EPS (non-annualized) of Rs 1.89 as against Rs 2.05.

Q4FY24 Quarterly & FY24 Annual Result Announced for Jagran Prakashan Ltd.

Publishing company Jagran Prakashan announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Consolidated: Operating Revenues at Rs 509.64 crore, up by 10.9% from Rs 459.38 crore. Advertisement Revenues at Rs 373.19 crore, up by 16.2% from Rs 321.30 crore. Circulation Revenues at Rs 85.85 crore as against Rs 92.38 crore. Other Operating Revenues at Rs 50.60 crore, up by 10.7% from Rs 45.71 crore. Digital Revenue at Rs 35.17 crore, up by 61.6% from Rs 21.78 crore. Operating Profit at Rs 121.85 crore, up by 49% from Rs 81.76 crore. Other Income at Rs 23.91 crore as against Rs 52.87 crore. PBT at Rs 12.39 crore as against Rs 25.20 crore. PAT at Rs 6.03 crore as against Rs 23.28 crore. EPS (non-annualized) of Rs 1.05, up by 11.6% from Rs 0.94 Standalone: Operating Revenues at Rs 430.42 crore, up by 9.9% from Rs 391.72 crore. Advertisement Revenues at Rs 297.41 crore, up by 15.8% from Rs 256.92 crore. Circulation Revenues at Rs 82.95 crore as against Rs 89.42 crore. Other Operating Revenues at Rs 50.06 crore, up by 10.3% from Rs 45.38 crore. Digital Revenue at Rs 28.20 crore, up by 78.5% from Rs 15.80 crore. Operating Profit at Rs 109.91 crore, up by 46.3% from Rs 75.13 crore. Other Income at Rs 17.44 crore as against Rs 47.13 crore. PBT at Rs 108.01 crore, up by 10.9% from Rs 97.43 crore. PAT at Rs 78.22 crore as against Rs 78.17 crore. EPS (non-annualized) of Rs 3.59, up by 19.3% from Rs 3.01. FY24 Financial Highlights: Consolidated: Operating Revenues at Rs 1,933.91 crore, up by 4.2% from Rs 1,856.17 crore. Advertisement Revenues at Rs 1,367.94 crore, up by 6% from Rs 1,290.40 crore. Circulation Revenues at Rs 359.01 crore as against Rs 373.22 crore. Other Operating Revenues at Rs 206.96 crore, up by 7.5% from Rs 192.56 crore. Digital Revenue at Rs 111.07 crore, up by 29.7% from Rs 85.66 crore. Operating Profit at Rs 367.95 crore, up by 12.6% from Rs 326.88 crore. Standalone: Operating Revenues at Rs 1,640.67 crore, up by 2.9% from Rs 1,593.90 crore. Advertisement Revenues at Rs 1,088.73 crore, up by 4.5% from Rs 1,042.14 crore. Circulation Revenues at Rs 347.24 crore as against Rs 361.30 crore. Other Operating Revenues at Rs 204.70 crore, up by 7.5% from Rs 190.47 crore. Digital Revenue at Rs 84.50 crore, up by 29.2% from Rs 65.42 crore. Operating Profit at Rs 329.93 crore, up by 9.4% from Rs 301.49 crore.

Q2FY24 Quarterly & H1FY24 Bi-Annual Result Announced for Jagran Prakashan Ltd.

Publishing company Jagran Prakashan announced Q2FY24 & H1FY24 results: Consolidated Q2FY24 vs Q2FY23: Operating Revenues at Rs 458.73 crore, up by 1% from Rs 454.16 crore. Advertisement Revenues at Rs 318.61 crore, slightly up from Rs 317.69 crore. Circulation Revenues at Rs 89.72 crore as against Rs 92.62 crore. Other Operating Revenues at Rs 50.40 crore, up by 14.9% from Rs 43.86 crore. Digital Revenue at Rs 27.57 crore, up by 32.7% from Rs 20.77 crore. Operating Profit at Rs 71.93 crore as against Rs 86 crore. PBT at Rs 56.46 crore as against Rs 67.40 crore. PAT at Rs 41.52 crore as against Rs 50.62 crore. EPS (non-annualized) of Rs 1.95 as against Rs 1.96. Consolidated H1FY24 vs H1FY23: Operating Revenues at Rs 913.31 crore, slightly up from Rs 908.63 crore. Advertisement Revenues at Rs 627.98 crore, slightly up from Rs 622.61 crore. Circulation Revenues at Rs 184.85 crore as against Rs 186.04 crore. Other Operating Revenues at Rs 100.47 crore, slightly up from Rs 99.98 crore. Digital Revenue at Rs 48 crore, up by 15.5% from Rs 41.55 crore. Operating Profit at Rs 141.35 crore as against Rs 163.14 crore. PBT at Rs 113.22 crore as against Rs 121.58 crore. PAT at Rs 85.41 crore as against Rs 91.12 crore. EPS (non-annualized) of Rs 4.00, up by 13.3% from Rs 3.53. Commenting on the performance of the Company, Mahendra Mohan Gupta, Chairman, JPL said, “The economy of India has been resilient amid volatile and unpredictable geopolitical climate. It continued to record growth more than the inflation. However, the discretionary consumption by the populace of low and middle-income levels continued to remain subdued. High inflation in edibles leaves very little in their pocket for spending on items that are not necessary for survival. This environment is not supportive of industries like newspapers which thrive when discretionary spending is robust. Volumes apart, passing on inflation to consumers continues to remain difficult as any attempt to increase price drops volumes disproportionately and quickly. In this background and in the light of the company’s strategy to hold price points to the extent possible, the company’s overall performance has to be viewed. The company had some growth in revenues during the current quarter as well as a half year as compared to the same period of the previous year supported by growth of the Radio business, Digital business, and exceptional performance of NaiDunia which had specific advantage due to location. However, profits were adversely impacted due to increased expenses on account of strengthening the operations of digital business, higher promotional and some non-recurring expenses, and also on account of the impact of inflation. Further, as stated earlier, I expect further improvement in revenues particularly in H2 benefitting from lower inflation and increased government spending and even more improved profits due to increased revenues coupled with newsprint cost savings due to moderation in prices which is not yet fully reflected in operating results.”