Jagran Prakashan has reported consolidated operating revenues of Rs 440.29 crore for the first quarter ended June 30, 2014, a growth of 6.81 per cent from Rs 412.22 crore in the corresponding quarter of the previous fiscal.
Consolidated advertisement revenues were up 6.60 per cent at Rs 308.89 crore from Rs 289.77 crore in Q1 FY14.
Circulation revenues were reported at Rs 95.66 crore in Q1 FY15, a growth of 11.92 per cent from Rs 85.48 crore.
Other operating revenues for Q1 FY15 were reported at Rs 35.74 crore, as against Rs 36.97 crore.
Profit before tax registered an increase of 8.28 per cent from Rs 75.54 crore in Q1 FY14 to Rs 81.79 crore in Q1 FY15. Profit after tax was reported at Rs 55.13 crore as against Rs 57.76 crore.
Commenting on the performance of the company for the quarter ended Jue 30, 2014, Mahendra Mohan Gupta, Chairman and Managing Director, Jagran Prakashan said, “The performance of the company was satisfactory. The company registered growth in revenues, operating profit, and profit before tax, but PAT was slightly lower due to lower tax and exceptional other income in the previous year. The mother brand ‘Dainik Jagran’ continues to record healthy operating margin exceeding 30 per cent inspite of increased newsprint cost and overall economy not yet supporting growth in advertisement revenue.”
Guota added, “Notwithstanding increase in newsprint prices over 12 per cent as compared to Q1 FY2014 and continued subdued ad spend, profit increased on account of improved per copy realisation of all the publication brands, reduction in losses of loss making other businesses and control over cost.”