Jagran Prakashan has reported financial results for the Q4FY12 recording operating revenue of Rs. 310.41 crore, in Q4FY12, up by 9.83% from Rs. 282.62 crore for Q4Fy11. Profit After Tax increased to Rs. 42.85 crore against Rs. 42.08 crore for the same quarter previous year. EPS (non-annualized) for Q4FY12 also increased to Rs. 1.35 against Rs. 1.33 for the same quarter last year.

Digital revenues (excluding advertising) increased to Rs. 2.28 crore, up by 34.91% from Rs. 1.69 crore for Q4FY12. Event and outdoor revenue declined to Rs. 27.94 crore as against Rs. 29.23 crore for the same quarter last year.

Annual Results

The company recorded a consolidated operating revenue of Rs 1355.66 crore, up by 11.02% from Rs 1221.09 crore over previous year. Profit After Tax (PAT) declined to Rs. 178.32 crore and the EPS for the year was Rs. 5.98 against PAT of Rs. 207.79 crore and EPS at Rs. 6.51 for the previous year. According to the company, the net profit was impacted due to steep increase in newsprint prices (Rs 57 crore), initial loss from new brand Punjabi Jagran (Rs 12 crore), higher depreciation (Rs 9 crore) and interest cost (Rs 7 crore) during FY12.

The company declared a final dividend of Rs. 3.5 per share of face value of Rs. 2 each (175%) on the increased paid up share capital.

Highlights

– Number of unique users on all online properties of the group reached 5 million (approx) in March 2012 as per comScore figures.

– Company’s subsidiary “Suvi Infomanagement (Indore) Private Limited” was bought at Rs. 298.93 crore during the year FY12.

– Advertisement revenue (consolidated) increased to Rs. 938.46 crore, up by 9.89% from Rs. 853.99 crore over previous year.

– Company’s operating profit went down at Rs. 316.85 crore from Rs. 356.50 crore for the previous year.

– Event and outdoor revenues were up by 20.49 per cent at Rs 113.20 crore from Rs 93.95 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 also runs Mid-Day Multimedia’s print business including publication brands Mid-Day (published from Mumbai, Pune, Bangalore and Delhi), Sunday Mid-Day, Gujarati Mid-day and The Inquilab. It had also acquired Suvi Info-Management (Indore), which publishes Hindi dailies Naidunia and Navdunia.