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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.

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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

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