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Q2FY10 Results (all comparisons with Q2FY09)
o Operating Revenues at Rs 246.83 crores, up by 18.31% from Rs 208.63 crores
o Operating Profits at Rs 83.24 crores, up by 119.08% from Rs 37.99 crores
o Advertisement Revenues at Rs171.60 crores, up by 19.45% from Rs 143.66 crores
o Circulation Revenues at Rs 54.28 crores, up by 15.06% from Rs 47.18 crores
o PAT at Rs 50.28 crores, up by 121.51% from Rs 22.70 crores
o EPS (non-annualized) of Rs 1.67, up by 121.51% from Rs 0.75
H1FY10 Results (all comparisons with H1FY09)
o Operating Revenues at Rs 478.70 crores, up by 15.32% from Rs 415.11crores
o Operating Profits at Rs 153.75 crores, up by 75.44% from Rs 87.64 crores
o Advertisement Revenues at Rs 332.52 crores, up by 17.22% from Rs 283.67 crores
o Circulation Revenues at Rs 108.80 crores, up by 14.57% from Rs 94.97 crores
o PAT at Rs 99.79 crores, up by 83.62% from Rs 54.35 crores
o EPS (non-annualized) of Rs 3.31, up by 83.62% from Rs 1.80
New Delhi/Noida, October 27, 2009; Jagran Prakashan Limited (JPL) (BSE SCRIP ID: 532705; NSE SYMBOL: JAGRAN), publishers of ‘Dainik Jagran’, India’s largest read newspaper (Source: IRS), has reported operating revenues of Rs. 246.83 crores for Q2FY10, an increase of 18.31 % over the corresponding quarter of the previous year. The net profit was at Rs 50.28 crores and the EPS for the quarter was at Rs 1.67, an increase of 121.51% over Q2 of FY 2009. EBIDTA margin (excluding other income) for the quarter was 33.72% as against 18.21% for the corresponding quarter in the last year.
Advertising revenue from the publishing business has registered a robust growth of 19.45% and circulation revenue has registered a growth of 15.06% over Q2FY09.
In Q2 FY10, revenue from out of home advertising and event management was Rs. 16.99 crores as against Rs. 12.46 crores in Q2 FY 09, an increase of 36.36% over corresponding quarter.
In October 2009, one more edition of City Plus was launched from Vashi, Navi Mumbai, taking total number of editions of City Plus to 18.
Company’s web portal, http://in.jagran.yahoo.com , commonly known as Yahoo! Jagran becomes No. 1 web portal in regional language category with 1.07 million unique users for September 2009. (Source: ViziSense)
Interim Dividend: The company has also announced payment of an interim dividend of Rs.2 per share or 100% on equity shares of face value of Rs.2 each.
Commenting on the performance of the company for the quarter ended 30th September 2009, Mr. Mahendra Mohan Gupta, Chairman and Managing Director, JPL said,
“In continuation of Q1, Q2 again registered a robust growth in revenues and profits. There was a sharp increase in advertisement revenue of nearly 20% and in circulation revenue of over 15%. Similarly, growth in outdoor and event businesses was heartening and I expect both these businesses to turn into profit in current fiscal. With Indian economy recovering faster, I am seeing a good time ahead for the company.”
About Jagran Prakashan Limited
Jagran Prakashan Limited is a leading media house of India which publishes Dainik Jagran, India's largest read daily with a total readership of 54.58 million readers (IRS 2009 R1). It was also voted the most credible and trusted newspaper in India, according to a survey commissioned by BBC-Reuters and conducted by Globscan, in 10 of the world's leading countries, including the US, UK, Germany and Russia.
Established in 1942, Dainik Jagran was the brainchild of the Indian Freedom fighter, Late Shri Puran Chandra Gupta. Dainik Jagran is now published in 37 editions across 11 states from 30 different facilities. The company also launched I-next, the first ever bilingual newspaper in the country in December, 2006 now published from 4 states in 9 editions and also has an English Infotainment paper City Plus now published in 18 editions. The Company publishes monthly magazines Sakhi targeted at women and Josh targeted at career oriented youth. The group also publishes Jagran Varshiki, an annual general knowledge digest and various national and state statistical compilations.
Jagran Engage provides specialized 'Out of Home' advertising services with a Pan-India footprint. Jagran Solutions provides below the line activities like promotional marketing, event management and on ground activities throughout the country. The company has Hindi news portal in association with Yahoo India, http://in.jagran.yahoo.com and the company’s division J9 provides IVR/AVR/SMS services through its short code service 57272, besides initiatives in digital businesses.
As a responsible corporate citizen, JPL supports a specifically dedicated group’s outfit of Shri Puran Chandra Gupta Smarak Trust, Pehel, to discharge its social responsibilities and provide social services such as organizing workshops/seminars to voice different social issues, health camps/roadshows for creating awareness on the social concerns and helping underprivileged masses. Pehel has been working with various national and international organizations such as World Bank on various projects to effectively discharge the responsibilities entrusted by the company. The company has also been assisting trusts and societies dedicated to the cause of promoting education, culture, healthcare, etc.
For
further details, please contact:
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Mr
Amit Jaiswal
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Jagran
Prakashan Limited
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Mobile
+91 9839095594
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Tel +91-
512- 2216161
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