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FINANCIAL RESULTS

JAGRAN PRAKASHAN LIMITED
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31.03.2006
(Rs. in Lacs except per share data)
S.No.


Particulars Quarter ended 31.03.06 Unaudited
Year ended 31.03.06 Unaudited Year ended
31.03.05
Audited
1. Net Sales/Income from operations 12812.29 47829.82 37636.60
2. Other Income 275.79 523.86 101.16
3. Total Expenditure 10469.62 40726.10 35095.10
a Increase/decrease in stock in trade 4.48 (1.93) (9.44)
b Consumption of raw materials 5489.93 22388.38 20376.27
c Staff Cost 1571.79 5691.99 4498.08
d Other expenditure 3403.42 12647.66 10230.19
4. Interest 172.64 761.84 686.87
5. Depreciation 568.47 2007.37 1756.68
6. Profit before Tax(1+2-3-4-5) 1877.35 4858.37 199.11
7. Provision for Taxation * 577.00 1437.69 76.08
8. Profit Before extra-ordinary item 1300.35 3420.68 123.03
9. Less: Extra-ordinary item (Net of Tax) 0.00 219.51 0.00
10. Net Profit 1300.35 3201.17 123.03
11. Paid-up Equity Share Capital 5019.51 5019.51 1000.00
(Face Value of Rs.10/- each)
12. Reserves excluding Revaluation Reserves - - 5866.90
13. Basic and diluted EPS before 3.18 8.37 0.33
extra-ordinary item
14. Basic and diluted EPS after 3.18 7.83 0.33
extra-ordinary item
15. Aggregate of Non-Promoter Shareholding
Number of Shares 10039020 10039020 -
Percentage of Shareholding 20 20 -
16 Dividend Per Share(Face Value Rs. 10/-each)
Interim Dividend
Final Dividend
Total Dividend Percentage (%)
-
-
-
5
-
50
-
10
100
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 April 18, 2006.

2- EPS has been arrived at on the enhanced equity after IPO, proceeds of which are to be utilized in next two financial years in terms of Prospectus. The listing was granted w.e.f. 22.02.2006 by BSE & NSE.

3- No. of investor complaints outstanding at the beginning of the quarter was Nil, no. of complaints received and resolved during the quarter were 389 and 378 respectively and outstanding no. of complaints at the end of the quarter was11.

4- Auditor's qualifications on the previous year's accounts that have bearing on results, have been dealt with except to the extent of (i) not amortizing the value of title 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 the cost and (ii) not providing liability for accrued leave eligible for encashment on actuarial valuation, steps for which have already been initiated in the current financial year to do so in the next financial year. It does not have any adverse effect on the results.

5- Out of IPO proceeds of Rs. 321.25 crores received by the Company in February 2006, amount of Rs. 19.79 crores has been utilized for issue expenses, amount of Rs. 2.71 crores has been deposited as refundable security deposit with BSE and balance Rs. 298.75 crores has been temporarily invested as indicated in the Prospectus.

6- The Company's business activity falls with in a single business segment in terms of Accounting Standard 17.

By the Order of the Board
For Jagran Prakashan Limited


(Mahendra Mohan Gupta)
Chairman & Managing Director
Date: 18.04.2006
Place: New Delhi



 


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