Jagran Prakashan Q2 net profit declines 37.8% to Rs 44.87 crore

We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

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26 Aug, 2025 12:21

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Jagran Prakashan (JPL), the publisher of leading Hindi daily Dainik Jagran, today reported a 37.87 percent decline in its consolidated profit after tax to Rs 44.87 crore for the second quarter ended on September 2018.

The company had posted a profit after tax of Rs 72.23 crore during the July-September quarter a year ago, Jagran Prakashan said in a BSE filing.

Total income during the quarter under review was at Rs 560.56 crore, down 3.19 percent, as against Rs 579.08 crore of the corresponding quarter of the previous fiscal.

Commenting on the result, JPL Chairman and Managing Director M M Gupta said, "The quarter unexpectedly delivered disappointing results in spite of our best efforts such as taking the increase in cover prices wherever possible and keeping the cost under check."

He further said, "We could mitigate some impact of steep fall in revenues and abnormal increase in newsprint prices but these efforts were not enough to maintain revenues and profits. However, Radio, Digital and Nai Dunia performed strongly in spite of shift of festive season to Q3."

JPL's total expenses were at Rs 490.23 crore as against Rs 469.32 crore, up 4.45 percent.

Its advertisement revenue was at Rs 302.77 crore, down 7.06 percent as against Rs 325.77 crore of the corresponding period. Over the outlook, he said that the second half is expected to be better and should compensate some loss at the back of festive season and ensuing general elections.

"Going forward, some drop in newsprint prices is also expected which will improve the results for H2 further," Gupta said.

Meanwhile, in a separate filing, JPL informed BSE that its board in a meeting held on Wednesday has re-appointment Satish Chandra Mishra as whole time director of the company with effect from January, 2019 for the period of three years.

Shares of Jagran Prakashan today settled at Rs 111.85 on BSE, down 1.54 percent.