Name: Latest research reports of Jagran Prakashan Ltd. authored by Geojit BNP Paribas and published by - Trendlyne research reports.
Item: Jagran Prakashan Ltd.
Rating: 3
Author: Geojit BNP Paribas

JAGRAN PRAKASHAN LTD

Hold: Jagran Prakashan Ltd.

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Geojit BNP Paribas

Revenue fell by 2% YoY in Q2FY19 primarily due to weak print advertisement revenue (down 9% YoY) impacted by shift of the festive season to Q3FY19 coupled with lower spend by central government, automobile and education sector. EBITDA declined by 28% YoY and EBITDA margin contracted sharply by 647bps YoY to 18% in Q2FY19 impacted by weak operating performance of Dainik Jagran. We expect overall advertisement revenue to grow at a CAGR of 6% over FY18-20E led by...