Kanpur: 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 continues to be No.1 website across all Indian regional languages.”