Jagran Prakashan (JPL), the publisher of Hindi daily Dainik Jagran, and broadcaster of Radio City posted consolidated operating revenues of Rs 591.33 crores, up by 4.8% from Rs 564.44 crores for the quarter ended June 30, 2017 (Q1FY18).
- Net profit: The media conglomerate reported a net profit of Rs 88.70 crore in the quarter, up by 5.5% from Rs 84.10 crore in the same quarter last year.
- Revenues from print, publishing and digital: Revenues from printing, publishing and digital business during the period stood at Rs 489.86 crore as against Rs 473.06 crore in the same period of last fiscal, marking an increase of 3.5%.
- Revenue from Radio: Revenue from FM radio was Rs 70.30 crore as compared to Rs 62.84 crore in the year-ago period, registering growth of 11.9%. JPL acquired Radio City 91.1 FM in May, 2015.
- Ad and circulation revenue: The advertisement revenues stood at Rs 439.23 crore, up by 5.2% from the same quarter last year. The circulation revenues increased marginally by 1.5% at Rs 108.60 crore in the first quarter of FY18, from Rs 107 crore in Q1FY17.
- Digital ad revenue: Digital advertising revenue increased sharply by 18.1% in the quarter with Rs 7.71 crore, up by from Rs 6.53 crore in Q1FY17.
Mahendra Mohan Gupta, Chairman and Managing Director, JPL said in a statement that while the impact of demonetisation still continues, and the roll out of GST will take some more time to settle down, the industry expects that growth will improve from the festive season and H2 will compensate for the lower growth in H1.