Jagran Prakashan has reported financial results for the quarter ended 30th September 2011 with total income of Rs 305.40 crore, a 10% increase over Q2-FY11’s income of Rs 276.85 crore. The company’s net profit after tax was at Rs 47.77 crore, a decrease compared to profits of Rs 55.50 crore that it reported in the same quarter, last year. According to a release from the company its operating profits went down by 10.92% YoY from Rs 88.75 crore to Rs 79.06 crore.

Highlights:

– Digital Revenues excluding advertisement revenues was at Rs 1.94 crore up 7.77% YoY from Rs 1.80 crore. On the digital side, Jagran has a tie-up with Yahoo India for Jagran.com, Online Classifieds business Khojle.in, reverse auction portal Jeetle.in, and also a Mobile Value Added services company called J9 Ventures, through short code 57272.

According to the company, page views of Jagran.com have crossed the 100 million mark, and was 110 million at the end of September 2011. Total page views of all internet properties of the group stand at 137 million page views (reference: Google AdPlanner).

– Advertisement revenues was at Rs 211.88 crore, up 9.52% from Rs 193.47 crore.

– Circulation revenues was at Rs 61.20 crore, up 11.64% from Rs 54.82 crore.

Jagran Prakashan publishes 37 editions and over 200 sub-editions of its newspaper Dainik Jagran, a tabloid called City Plus (23 editions), and I-Next, a bilingual newspaper. It had also acquired Mid-Day Multimedia’s print business inluding publication brands Mid-Day (published from Mumbai, Pune, Bangalore and Delhi), Sunday Mid-Day, Gujarati Mid-day and The Inquilab.

– Event and Outdoor Revenues increased 8.79% YoY from Rs 20.81 crore to Rs 22.64 crore.

Download: Release | Financials

 

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