New Delhi/Noida: Jagran Prakashan Limited, publishers of ‘Dainik Jagran’, India’s largest read newspaper (Source: Indian Readership Survey 2011(Q1)), has reported operating revenues for Q1FY12 of Rs. 304.65 crores, an increase of 12.91% over the corresponding quarter of the previous year.
The net profit was at Rs 49.72 crores a decrease of 10.58% over Q1of FY2011 and the EPS for the quarter was at Rs 1.57, a decrease of 14.85% over Q1 of FY 2011. EBIDTA margin (excluding other income) for the quarter was 26.93% as against 33.42% for the corresponding quarter in the last year.
Mahendra Mohan Gupta, Chairman and Managing Director, JPL said,“The Company performed satisfactorily in competitive environment. It registered high growth in circulation of all the 6 print brands of the Group. Other businesses especially activation too performed incredibly. I am happy with the launch of Jagran Punjabi which has been welcome by the readers and gained the targeted circulation on the launch day itself. Similarly, expansion of The Inquilab in the state of Uttar Pradesh and Delhi has been successfully completed. However, growth in advertisement revenue was subdued due to slowdown in national advertising, lower than expected growth in education sector and strategic decision not to offer steep discounts as desired by a few advertisers. I am, however, confident that you will see much higher growth in coming quarters provided there is no slowdown in economy.”