Jagran Prakashan, Publisher of Dainik Jagran, has reported standalone operating revenues of Rs 1,244.41 crore for the financial year 2012, an increase of 11.57 per cent over the previous year.
However, the net profit for the year slid to Rs 179.64 crore from Rs 205.83 crore in FY11. The net profit was impacted by steep increase in newsprint prices (Rs 57 crore), initial loss from new brand Punjabi Jagran (Rs 12 crore), higher depreciation (Rs 9 crore) and interest cost (Rs 7 crore) during FY12.
EBIDTA margin (excluding other income) for FY12 was 25.12 per cent, as against 30.68 per cent for the previous year.
Jagran Prakashan’s standalone ad revenues beat overall industry growth, growing by 10.90 per in FY12 at Rs 850.01 crore from Rs 766.48 crore in the previous fiscal. Circulation revenues were up by 9.63 per cent at Rs 244.47 crore from Rs 222.93 crore, while digital revenues (excluding ad revenues) stood at Rs 8.24 crore, up by 23.17 per cent from Rs 6.69 crore.
Event and outdoor revenues were up by 20.49 per cent at Rs 113.20 crore from Rs 93.95 crore.
During the year, Jagran Prakashan acquired Suvi Info-Management (Indore), the 10 per cent holding company of Naidunia Media, which publishes Hindi dailies Nai Dunia and Nav Dunia.
On the outlook for the company, Mahendra Mohan Gupta, Chairman and Managing Director, JPL said, “We are cautious and we are taking all necessary steps to keep our cost under strict control as the external environment has worsened and is, in fact, a hurdle in the way of progress.”