Jagran Prakashan Limited (JPL), publishers of 'Dainik Jagran', India's largest read daily (Source: IRS 2007 Round 1), has reported total Jagran Prakashan Limited (JPL), publishers of 'Dainik Jagran', India's largest read daily (Source: IRS 2007 Round 1), has reported total revenues of Rs 192.27 crore for Q1FY08, an increase of 34.69% as compared to Rs 142.75 crore in Q1FY07.
- Revenues at Rs 192.27 crore, up by 34.69 % from Rs 142.75 crore
- Advertisement Revenues at Rs 126.74 crore, up by 42.05% from Rs 89.22 crore
- EBIDTA at Rs 60.35 crore, up by 50.32% from Rs 40.15 crore
- PAT at Rs 34.71 crore, up by 51.62% from Rs 22.89 crore
- EPS (non-annualised) of Rs 5.76, higher by 51.58% from Rs 3.80
- EBIDTA margins increased to 31.39% from 28.12%
- Net margin increased to 18.05% from 16.04%
The steady growth in the revenue has been driven by the significant growth in advertisement revenue, which grew by 42%. The increase in the total space sold, effect of advertisement rate hike in March 2007 and increase in the color space sold contributed to the same. While the total space sold increased by 21%, there was a 24% increase in the color space sold. The copies sold per day were higher by 10.86%.
The revenue from businesses other than publication business increased significantly and contributed to the growth. The revenue from these activities was Rs. 11.49 Crores with contribution of 6.26 % as against 2.99 % in total operating revenue. JPL also launched two new editions of City Plus in East Delhi.
Commenting on the performance of the company in the last fiscal, Mr. Mahendra Mohan Gupta, Chairman and Managing Director, JPL said, “We dedicated our efforts towards strengthening Dainik Jagran and various other initiatives. While Jagran Engage and Jagran Solutions have already attained a critical mass, other activities are ready to take off now. We are pretty positive about future of Media industry in general and business in particular.” |