wordpress blog stats
Connect with us

Hi, what are you looking for?

Jagran Prakashan’s profit after tax falls 38% YoY in Q2FY19

Jagran Prakashan Limited (JPL), which owns the Hindi daily newspaper Dainik Jagran, has reported consolidated operating revenues of Rs 553 crore for the quarter ended September 30, 2018 (Q2FY19), which is down marginally 2.2% year-on-year (YoY) from Rs 567 crore posted in the same quarter last year (Q2FY18). On a sequential basis, it was down 7.8% from Rs 600 crore posted in the previous quarter (Q1FY19).

Profit After Tax (PAT) for the quarter fell by 49% from Rs 88 crore in Q1FY19 to Rs 43.5 crore, and dropped 38% YoY.

Digital Advertisement revenues

The company posted consolidated digital ad revenues of Rs 11.4 crore for the quarter, up 35% YoY from Rs 8.4 crore in Q2FY18. Jagran Prakashan had posted digital ad revenue of Rs 9.5 crore in the previous quarter. The digital business is 3% of overall company’s revenue.

Digital traffic

There were 40.2 million unique visitors at the end of September 30, 2018 across its digital properties. Last quarter its unique visitors stood at 40.6 million at the end of June 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, and launched HerZindagi, a lifestyle channel for women.

Print advertisement revenue

Print advertisement revenue fell by 4.5% YoY to Rs 444 crore from Rs 465 crore in Q2FY18, and fell 9.5% quarter-on-quarter (QoQ) from Rs 491 last quarter. The company’s operating margin for print products stood negative at 1.17% due to high newsprint cost.

Advertisement. Scroll to continue reading.

Dainik Jagran, the company’s flagship publication, posted revenues of Rs 352 crore for the quarter, down by 12% QoQ from Rs 400 crore in Q1FY19, and marginally up 5.3% from Rs 372 crore on a YoY basis.

Midday Infomedia earnings

Jagran Prakashan’s wholly owned subsidiary, Midday Infomedia Limited posted revenues of Rs 25.8 crore, as compared to revenues of Rs 28.3 crore in Q2FY18, and revenues of Rs 27.9 crore in the previous quarter. Of this, advertisement revenues accounted for Rs 19.2 crore or 74% of the revenue.

It posted a YoY dip of 20% in the net profit at Rs 0.92 crore, as compared to a net profit of Rs 1.6 crore in Q2FY18 and on QoQ basis it fell by 63% as compared to Rs 2.4 crore in the last quarter.

Download: Investor Presentation | Release | Financials

Advertisement. Scroll to continue reading.
Written By

I cover health, policy issues such as intermediary liability, data governance, internet shutdowns, and more. Hit me up for tips.

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



The Delhi High Court should quash the government's order to block Tanul Thakur's website in light of the Shreya Singhal verdict by the Supreme...


Releasing the policy is akin to putting the proverbial 'cart before the horse'.


The industry's growth is being weighed down by taxation and legal uncertainty.


Due to the scale of regulatory and technical challenges, transparency reporting under the IT Rules has gotten off to a rocky start.


Here are possible reasons why Indians are not generating significant IAP revenues despite our download share crossing 30%.

You May Also Like


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...


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...


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...


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...

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
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