Q3FY10 Results (all comparisons with Q3FY09)
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Operating Revenues at
Rs 226.91 crores, up by 9.62% from Rs 207.01 crores
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Operating Profits at Rs
65.28 crores, up by 117.13% from Rs 30.07 crores
·
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Revenues at Rs148.18 crores, up by 8.5% from Rs 136.57 crores
·
Circulation Revenues at
Rs 53.19 crores, up by 7.77% from Rs 49.35 crores
·
PAT at Rs 39.73 crores,
up by 156.89% from Rs 15.47 crores
·
EPS (non-annualized)
of Rs 1.32 from Rs 0.52
Kanpur, January 30, 2010; Jagran Prakashan Limited (JPL) (BSE SCRIP ID: 532705; NSE
SYMBOL: JAGRAN), publishers of ‘Dainik Jagran’, India’s largest read newspaper
(Source: Indian Readership Survey 2009(R2)), has reported operating revenues of
Rs. 226.91 crores for Q3FY10, an increase of 9.62% over the corresponding
quarter of the previous year. The net profit was at Rs 39.73 crores and the EPS
for the quarter was at Rs 1.32, an increase of 156.89% over Q3 of FY 2009. EBIDTA
margin (excluding other income) for the quarter was 28.77% as against 14.52%
for the corresponding quarter in the last year.
The Company has been investing in the Event and Outdoor
businesses with a view to diversifying and broad basing the growth. In Q3 FY10,
both businesses have shown strong traction with revenue growing from Rs.16.43
crores to Rs. 21.05 crores in Q3 FY 09, registering an impressive growth of
28.12% over corresponding quarter.
During the quarter, three more editions of City Plus were
launched at Navi Mumbai, Bangalore
and Pune. Further on 9th
January 2010, City Plus was launched at Hyderabad. City Plus now has 21 editions.
Company’s web portal, http://in.jagran.yahoo.com,
commonly known as Yahoo! Jagran continues to be No. 1
web portal across all Indian regional languages with more than 1.5 million
unique users with nearly 75 million page views per month. (Source: ViziSense)
The Company continues to focus on increasing its internet
presence and launched its interactive blogging platform Jagran Junction and Web
portal was further enhanced by adding videos and breaking news ticker.
Commenting on the performance of the company for the quarter
ended 31st
December 2009, Mr. Mahendra
Mohan Gupta, Chairman and Managing Director, JPL said,
“Overall
performance in third quarter was satisfactory. We expect still improved
performance in coming quarters at the back of strong economic recovery. I am
particularly pleased with the results of our Outdoor and Event Management
verticals. Event management activity has recorded growth of 69% in turnover and
141% in profits. Company’s focus on internet without making huge investment has
continued and it has successfully launched blogging platform in addition to
videos and breaking news tickers on its news portal www.in.jagran.yahoo.com
that continues to be No.1 website across all Indian regional languages.”
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 R2). 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 21 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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