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Jagran Prakashan reports Rs 614 Cr in revenues in Q3FY19; launches IFCN certified “Vishvas.news”

Jagran Prakashan Limited (JPL), which owns the Hindi daily newspaper Dainik Jagran, English paper Mid Day, Radio City FM and other media properties, has reported consolidated operating revenues of Rs 613.83 crores for the quarter ended 31 December 2018 (Q3FY19), up 9.9% from Rs 553 crore in the previous quarter. Profit After Tax (PAT) for the quarter rose to Rs 106.27 crore, from Rs 43.5 crore in Q2FY19.

Revenues from ‘printing, publishing and digital’ were at Rs 494.60 crore for the quarter, up from Rs 444.25 crore in the previous quarter, which is 80% of the total revenues of Rs 613.83 crore for the quarter. This segment continues to drives revenues, and is followed by its FM Radio business and others.

In the print business, ad revenues were Rs 364 crore for the quarter, 17% higher than the previous quarter’s revenues of Rs 311 crore. The company said that the automobile, pharma and retail showed growth this quarter.

Digital highlights

  • Growth in digital ad revenues, 31% YoY ‘print digital’ growth at Rs 9.6 crore
  • 38.8 million unique users on multiple platforms, grew by 22% YoY
  • 3 new websites launched: gujaratimidday.com, punjabi.jagran.com (Mobile), Vishvas.news which was “launched with an aim to curb fake news and misinformation has been certified by IFCN”
  • 8.6 million Unique Users for its healthcare site
  • 8 million Unique Users for its education site
  • 26 million Facebook “fans”

Download: Results | Presentation

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I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

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

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