Jagran Prakashan reports six-fold jump in Q2 profit

Jagran Prakashan reports six-fold jump in Q2 profit

Shares of Jagran Prakashan soared 16% in Tuesday’s session after the company reported a strong performance in the September 2021 quarter. The publisher of Hindi daily Dainik Jagran reported a sixfold jump in its consolidated net profit at Rs 60.89 crore for the quarter ended September 2021. It had posted a net profit of Rs 10.14 crore during the September quarter a year ago.

The media player’s revenue from operations was up 39.23 per cent year-on-year (YoY) to Rs 402.52 crore during the quarter under review as against Rs 289.10 crore in the corresponding quarter a year ago.
During the said quarter, its revenue from ‘Printing, publishing and digital’ was at Rs 341.64 crore, up 36.96%, as against Rs 249.44 crore of the corresponding period last fiscal.
FM Radio business revenue was up 39.76% at Rs 42.04 crore during the period under review as against Rs 30.08 crore in Q2FY21.

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