wordpress blog stats
Connect with us

Hi, what are you looking for?

Jagran Prakashan’s digital revenue grew 25% YoY to Rs 9.5Cr in Q1FY19

Jagran Prakashan Limited (JPL), which owns the Hindi daily newspaper Dainik Jagran, has reported a consolidated operating revenues of Rs 602.5 crore for the quarter ended June 30, 2018 (Q1FY19), which is up marginally to 1.8% year-on-year (YoY) from Rs 591.3 crore posted in the same quarter last year (Q1FY18). On a sequential basis, it was up 10% from Rs 548 crore posted in the previous quarter (Q4FY18).

Profit After Tax (PAT) for the quarter stood flat at Rs 88.3 crore, as compared to Rs 88.7 crore net profit in Q1FY18, and up 40% from Rs 62.7 crore net profit in Q4FY18.

Digital Advertisement revenues

The company posted digital ad revenue of Rs 9.5 crore for the quarter, up 25% YoY from Rs 7.6 crore in Q1FY18. Jagran Prakashan had posted digital ad revenue of Rs 9.3 crore in the previous quarter. Digital business is 2% of overall company’s revenue.

Digital traffic

The company mentioned that across its digital properties it witnessed 40.6 million unique visitors at the end of June 30, 2018. Last quarter the company said that its unique visitors stood at 29.8 million at the end of March 2018. Jagran Prakashan has a total of 9 digital properties including Jagran.com, Bol India Bol, Mid-Day.com, Jagran Junction, RadioCity.in, and Inext Live.

Print advertisement revenue

Print advertisement revenue increased by 18% quarter-on-quarter (QoQ) to Rs 371 crore from Rs 314 crore in Q4FY18, but, on a year-on-year (YoY) basis, it stood flat in comparison to the Rs 362 crore in posted in Q1FY18.

Advertisement. Scroll to continue reading.

Dainik Jagran, the company’s flagship publication, posted revenues of Rs  400.4 crore for the quarter, up 13.4% QoQ from Rs 353 crore in Q4FY18, and marginally up 1.2% from Rs 395.6 crore on a YoY basis.

Midday Infomedia Limited

Jagran Prakashan’s wholly owned subsidiary, Midday Infomedia Limited posted revenues of Rs 27.8 crore, as compared to revenues of Rs 31 crore in Q1 FY18, and revenues of Rs 27.6 crore in the previous quarter. Of this advertisement, revenues accounted for Rs 21.3 crore.

It posted a YoY dip of 20% in net profits with Rs 2.4 crore, as compared to net profits of Rs 3 crore in Q1 FY18 and on QoQ basis it increased 179% as compared to Rs 86 lakh in Q4 FY18.

Download: Financials | Presentation | Press Release

Advertisement. Scroll to continue reading.
Written By

Writes about e-commerce, social media, tech and Internet ecosystem.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

News

By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

You May Also Like

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ