Publishing company Jagran Prakashan declares Q3FY22 result: Consolidated Operating Revenue: Rs 518.51 crores up by 28.8% on YoY basis Consolidated Operating Profit: Rs. 167.94 crores up by 29.9% on YoY basis Consolidated Net Profit: Rs 110.32 crores up by 43.1% on YoY basis Consolidated Net Profit up by 37.1% from pre-covid Q3FY20 Highest ever Profits from Print, Digital and Outdoor businesses Q3FY22 (all comparisons with Q3FY21): Operating Revenues at Rs 445.16 crores, up by 26.5% from Rs 351.80 crores. Advertisement Revenues at Rs 317.67 crores, up by 29.7% from Rs 244.87 crores. Circulation Revenues at Rs 86.80 crores, up by 6.2% from Rs 81.74 crores. Other Operating Revenues at Rs 40.69 crores, up by 61.5% from Rs 25.19 crores. Print Digital Revenue at Rs 19.78 crores, up by 48.8% from Rs 13.29 crores.* Operating Profit at Rs 150.28 crores, up by 19.4% from Rs 125.83 crores. Net Profit at Rs 106.48 crores, up by 28.9% from Rs 82.64 crores. 9MFY22 (all comparisons with 9MFY21): Operating Revenues at Rs 1034.86 crores, up by 32.8% from Rs 779.02 crores. Advertisement Revenues at Rs 695.11 crores, up by 39.4% from Rs 498.74 crores. Circulation Revenues at Rs 253.39 crores, up by 9.1% from Rs 232.30 crores. Other Operating Revenues at Rs 86.36 crores, up by 80% from Rs 47.98 crores. Print Digital Revenue at Rs 45.89 crores, up by 35.7% from Rs 33.82 crores.* Operating Profit at Rs 272.06 crores, up by 63.5% from Rs 166.41 crores. Net Profit at Rs 187.94 crores, up by 109.6% from Rs 89.68 crores. Q3FY22 (all comparisons with Q3FY21): Operating Revenues at Rs 518.51 crores, up by 28.8% from Rs 402.61 crores. Advertisement Revenues at Rs 387.08 crores, up by 32.3% from Rs 292.67 crores. Circulation Revenues at Rs 89.68 crores, up by 6.4% from Rs 84.27 crores. Other Operating Revenues at Rs 41.75 crores, up by 63% from Rs 25.66 crores. Print Digital Revenue at Rs 20.87 crores, up by 46.1% from Rs 14.29 crores. Operating Profit at Rs 167.94 crores, up by 29.9% from Rs 129.32 crores. Net Profit at Rs 110.32 crores, up by 43.1% from Rs 77.08 crores. 9MFY22 (all comparisons with 9MFY21): Operating Revenues at Rs 1191.36 crores, up by 35% from Rs 882.80 crores. Advertisement Revenues at Rs 840.45 crores, up by 40.9% from Rs 596.50 crores. Circulation Revenues at Rs 261.88 crores, up by 10.2% from Rs 237.63 crores. Other Operating Revenues at Rs 89.03 crores, up by 82.9% from Rs 48.68 crores. Print Digital Revenue at Rs 49.06 crores, up by 34.8% from Rs 36.39 crores.* Operating Profit at Rs 275.09 crores, up by 99.5% from Rs 137.88 crores. Net Profit at Rs 164.04 crores, up by 266% from Rs 44.82 crores. Result PDF
Highlights Consolidated Operating Revenue: Rs 402.53 crores up by 39.2% on YoY basis Consolidated Operating Profit: Rs.101.37 crores up by 236.9% on YoY basis Consolidated Profit Before Tax up by 36% from pre-covid Q2FY20 Stand Alone: Operating Revenues at Rs 347.06 crores, up by 37.3% from Rs 252.76 crores. Advertisement Revenues at Rs 236.32 crores, up by 47% from Rs 160.73 crores. Circulation Revenues at Rs 85.04 crores, up by 9.8% from Rs 77.43 crores. Other Operating Revenues at Rs 25.70 crores, up by 76.1% from Rs 14.60 crores. Print Digital Revenue at Rs 14.92 crores, up by 27.9% from Rs 11.66 crores. Operating Profit at Rs 98.30 crores, up by 91% from Rs 51.47 crores. Net Profit at Rs 67.10 crores, up by 155% from Rs 26.32 crores. * included in Advertisement Revenue H1FY22 (all comparisons with H1FY21) Operating Revenues at Rs 589.70 crores, up by 38% from Rs 427.22 crores. Advertisement Revenues at Rs 377.43 crores, up by 48.7% from Rs 253.87 crores. Circulation Revenues at Rs 166.59 crores, up by 10.6% from Rs 150.56 crores. Other Operating Revenues at Rs 45.67 crores, up by 100.4% from Rs 22.79 crores. Print Digital Revenue at Rs 26.12 crores, up by 27.2% from Rs 20.54 crores.* Operating Profit at Rs 121.77 crores, up by 200.1% from Rs 40.58 crores. Net Profit at Rs 81.47 crores, up by 1056.9% from Rs 7.04 crores Consolidated: Operating Revenues at Rs 402.53 crores, up by 39.2% from Rs 289.11 crores. Advertisement Revenues at Rs 287.73 crores, up by 47.5% from Rs 195.05 crores. Circulation Revenues at Rs 87.83 crores, up by 10.7% from Rs 79.32 crores. Other Operating Revenues at Rs 26.87 crores, up by 82.2% from Rs 14.75 crores. Print Digital Revenue at Rs 15.90 crores, up by 23.3% from Rs 12.90 crores. Operating Profit at Rs 101.37 crores, up by 236.9% from Rs 42.79 crores. Net Profit at Rs 60.91 crores, up by 422.2% from Rs 11.66 crores. Operating Revenues at Rs 672.85 crores, up by 40.1% from Rs 480.20 crores. Advertisement Revenues at Rs 453.37 crores, up by 49.2% from Rs 303.83 crores Circulation Revenues at Rs 172.20 crores, up by 12.3% from Rs 153.36 crores. Other Operating Revenues at Rs 47.18 crores, up by 105% from Rs 23.02 crores. Print Digital Revenue at Rs 28.20 crores, up by 27.5% from Rs 22.11 crores. Operating Profit at Rs 107.15 crores, up by 1150.9% from Rs 8.57 crores. Net Profit at Rs 53.72 crores, up by 266.5% from Rs (-)32.26 crores Commenting on the performance of the company for the quarter ended September 30, 2021, Mr. Mahendra Mohan Gupta, Chairman and Managing Director, JPL said, “I am pleased to inform that this quarter saw a significant uptick in overall business performance of the Company. All businesses have performed well and we expect strong growth to continue. I am also pleased to report that the Company surpassed pre-covid profits much before our expectations. With our ability to adjust to the environment coupled with the cost control measures in past 18 months, this quarter witnessed a steep growth in profits over comparable pre-covid quarter. In Radio, with the improved operating leverage due to combination of cost control and efficiency improvement measures taken at the beginning of the pandemic, incremental operating profit was over 80% of increased revenue in comparison with Q2FY21 as well as Q1FY22. The Media and Entertainment Industry expects to benefit from the resurgence in the economic activity driven by the festive season, accelerated pace of vaccination drive and reduction in COVID-19 cases. This considerably improves outlook for the businesses of the Group. Our focus continues to be to maintain market position. Chasing unprofitable growth has never been our philosophy and this is where the team has done an incredible job by delivering a healthy growth in profits.” Result PDF