Kotak has come out with its second quarter (July-September’ 19) earnings estimates for the Media sector. The brokerage house expects Jagran Prakashan to report net profit at Rs. 63.8 crore up 51.5% year-on-year (down 0.9% quarter-on-quarter).
Net Sales are expected to increase by 1 percent Y-o-Y (down 4.3 percent Q-o-Q) to Rs. 559.1 crore, according to Kotak.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 17 percent Y-o-Y (down 17.4 percent Q-o-Q) to Rs. 116.6 crore.
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