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FINANCIAL RESULTS
 

JAGRAN  PRAKASHAN  LIMITED

 

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31ST DECEMBER 2006

( Rs. In Lacs except per share data)

S. No.

Particulars

Quarter ended

Nine months  ended

Year ended

31.12.06
(Unaudited)

31.12.05
(Unaudited)

31.12.06
(Unaudited)

31.12.05
(Unaudited)

31.03.06
(Audited)

 

 

 

 

 

 

 

1.

Net Sales/Income from operations

15612.55

12425.00

43451.93

35220.37

48053.07

 

 

 

 

 

 

 

2.

Other Income

733.02

168.37

1821.04

342.71

634.85

 

 

 

 

 

 

 

3.

Total Expenditure

12910.44

10724.77

34400.63

30553.97

41037.56

 

 

 

 

 

 

 

a.

(Increase)/decrease in stock in trade

(32.86)

(1.37)

(31.00)

(6.41)

(1.93)

b.

Consumption of raw materials

6402.60

5941.93

17339.70

16898.46

22385.42

c.

Staff Cost

1783.66

1422.73

5097.70

4120.20

5669.11

d.

Other expenditure *

4757.04

3361.48

11994.23

9541.72

12984.96

 

 

 

 

 

 

 

 

Profit before Interest, Depreciation, Extraordinary Item and Taxes

3435.13

1868.60

10872.34

5009.11

7650.36

 

 

 

 

 

 

 

4.

Interest

162.66

195.68

531.81

589.20

761.09

 

 

 

 

 

 

 

5.

Depreciation

582.65

560.92

1624.97

1438.89

2012.06

 

 

 

 

 

 

 

6.

Profit(+)/Loss(-)before Tax(1+2-3-4-5)

2689.82

1112.00

8715.56

2981.02

4877.21

 

 

 

 

 

 

 

7.

Provision for taxation **

919.85

386.00

2902.35

840.20

1490.63

 

 

 

 

 

 

 

8.

Profit Before extra-ordinary item

1769.97

726.00

5813.21

2140.82

3386.58

 

 

 

 

 

 

 

9.

Less: Extra-ordinary item (Net of Tax)

0.00

0.00

0.00

240.00

216.57

 

 

 

 

 

 

 

10.

Net Profit

1769.97

726.00

5813.21

1900.82

3170.01

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11.

Paid-up equity share Capital

6023.41

4015.61

6023.41

4015.61

4015.61

 

 

 

 

 

 

 

12

Reserves excluding revaluation

-

-

-

-

43653.60

 

reserves

 

 

 

 

 

 

 

 

 

 

 

 

13

Basic and diluted EPS Before

 

 

 

 

 

 

Extra-ordinary item

2.94

1.47

9.65

4.33

6.65

 

 

 

 

 

 

 

14

Basic and diluted EPS after Extra-ordinary item

2.94

1.47

9.65

3.84

6.23

 

 

 

 

 

 

 

15

Aggregate of Public Shareholding

 

 

 

 

 

-

Number of Shares

28854562

14006443

28854562

14006443

24045463

-

Percentage of shareholding

47.90%

34.88%

47.90%

34.88%

47.90%

 

 

 

 

 

 

 

16

Dividend Per Share(Par Value  Rs. 10/-each)

 

 

 

 

 

 

Interim Dividend

7.50

5.00

7.50

5.00

5.00

 

Final Dividend

-

-

-

-

-

 

Total Dividend Percentage (%)

75

50

75

50

50

 

 

 

 

 

 

 

*

Includes:-

(i)   Direct Expenses of Outdoor and Event activities.

(ii)  Stores and Chemical consumption.

 

714.33

 

498.23

 

12.96

 

453.32

 

1454.45

 

1405.24

 

108.32

 

1215.37

 

145.74

 

1630.06

 

 

 

 

 

 

 

**

Includes Deferred and Fringe Benefit Tax

 

 

 

 

 

 

Notes:-

1. The above unaudited financial results were reviewed by the Audit Committee and taken on record by the Board of Directors at their meeting held on January 30, 2007. These are subject to limited review by the Statutory Auditors.

2. The Company is primarily engaged in the business of Printing and Publishing Newspaper and Periodicals and there are no other reportable segments as per Accounting Standard 17 on Segment Reporting.

3. There is no qualification of Auditors except the one regarding non- amortization of the value of title "Dainik Jagran" which in the opinion of management is not required to be amortized in view of its life being infinite and residual value being much higher than its cost. However, the Company has sought opinion from Expert Advisory Committee of ICAI, which is awaited.

4. No. of investor complaints/queries outstanding at the beginning of the quarter was 4, no. of complaints/queries received and disposed off during the quarter were 44 and 45 respectively and outstanding no. of complaints/queries at the end of the quarter was 3.

5. Utilisation of IPO Proceeds: Out of unspent amount of Rs. 276.85 Crores, an amount of Rs. 41.20 crores has been spent in terms of the Objects of the issue and remaining balance Rs. 235.65 crores is temporarily invested as indicated in the Prospectus.

6. Pursuant to the approval of the shareholders at Annual General Meeting held on 29th September 2006, the Company has allotted 1,00,39,020 Bonus Shares of Rs. 10 each in the ratio of 1:5 on 09.11.2006. Consequently, Earning Per Share (EPS) has been calculated and adjusted for the past periods as well in terms of Accounting Standard - 20 issued by ICAI.

7. An interim dividend of Rs. 7.5 per equity share of face value of Rs. 10 each has been declared for the financial year 2006-07 at the above board meeting. The record date for the payment of the dividend will be February 16, 2007.

8. Figures are re-grouped/re-cast, wherever necessary to make them comparable.

By the Order of the Board
For Jagran Prakashan Limited


(Mahendra Mohan Gupta)
Chairman & Managing Director

Date: January 30, 2007
Place: Noida

© copyright Jagran Prakshan Ltd.