For 1QFY2017, Jagran Prakashan (JPL) reported a 9% yoy growth in its standalone top-line but the growth in PAT was relatively lower mainly due to higher employee and other operating expenditure. On a consolidated basis, the company reported healthy double digit growth numbers on the back of a favorable performance in radio and other businesses. However, circulation revenue growth trailed a bit during the quarter. Angel Broking maintain their Accumulate rating on the stock with a target price of `205.