JAGRAN PRAKASHAN LTD. - 532705 - Shareholder Meeting / Postal Ballot-Outcome of AGM
Jagran Prakashan Limited has submitted the Outcome of the AGM27-08-2023
27-08-2023
JAGRAN PRAKASHAN LTD. - 532705 - Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
Jagran Prakashan Limited has submitted a copy of Scrutinizer''s Report for the 47th Annual General Meeting held on August 25, 202327-08-2023
JAGRAN PRAKASHAN LTD. - 532705 - Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015
Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 201526-08-2023
JAGRAN PRAKASHAN LTD. - 532705 - Proceedings Of Annual General Meeting Held On August 25, 2023
Disclosure regarding proceeding of AGM held on August 25, 202325-08-2023
JAGRAN PRAKASHAN LTD. - 532705 - Proceedings Of Annual General Meeting Held On August 25, 2023
Disclosure under Regulation 30 of SEBI (LODR) Regulations, 201525-08-2023
JAGRAN PRAKASHAN LTD. - 532705 - Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015
Disclosure under Regulation 30 of the Securities and Exchange Board of India (LODR) Regulation, 201519-08-2023
Q1FY24 Quarterly Result Announced for Jagran Prakashan Ltd.
Publishing company Jagran Prakashan announced Q1FY24 results: Consolidated Q1FY24: Operating Revenues at Rs 454.58 crore, slightly up Rs 454.47 crore. Advertisement Revenues at Rs 309.37 crore, up by 1.5% from Rs 304.92 crore. Circulation Revenues at Rs 95.13 crore, up by 1.8% from Rs 93.42 crore. Other Operating Revenues at Rs 50.07 crore as against Rs 56.13 crore. Digital Revenue at Rs 20.43 crore as against Rs 20.78 crore. Operating Profit at Rs 69.42 crore as against Rs 77.15 crore. PBT at Rs 56.76 crore, up by 4.8% from Rs 54.18 crore. PAT at Rs 43.89 crore, up by 8.4% from Rs 40.50 crore. EPS (non-annualized) of Rs 2.05, up by 30.3% from Rs 1.57. Standalone Q1FY24: Operating Revenues at Rs 385.56 crore as against Rs 393.66 crore. Advertisement Revenues at Rs 243.83 crore as against Rs Rs 247.65 crore. Circulation Revenues at Rs 92.22 crore, up by 1.9% from Rs 90.54 crore. Other Operating Revenues at Rs 49.51 crore as against Rs 55.47 crore. Digital Revenue at Rs 14.43 crore as against Rs 16.78 crore. Operating Profit at Rs 62.11 crore as against Rs 72.84 crore. PBT at Rs 60.55 crore, up by 0.1% from Rs 60.07 crore. PAT at Rs 47.48 crore, up by 5.4% from Rs 45.07 crore. EPS (non-annualized) of Rs 2.18 up by 27.5% from Rs 1.71. Commenting on the performance of the Company, Mahendra Mohan Gupta, Chairman and Managing Director, JPL said, “The Indian economy continues to do well on the strength of government capex, unlike past decade in which growth was driven by consumption. Unfortunately, exports, start-ups, and manufacturing remain under pressure partly due to the global slowdown and partly due to lower discretionary consumption by mass domestically. Exceptionally high inflation in some of the food items has hurt this class, leaving very little in their pocket for spending on items that are not necessary for survival. This environment is not conducive to high or double-digit growth for the industries like media and entertainment. Volumes apart, passing on inflation to consumers continues to remain difficult as any attempt to increase price drops volumes disproportionately and quickly. In this background and in light of the company’s strategy to hold price points to the extent possible and not in comparison with the competitors who have had certain specific advantages due to location, the company’s overall performance has to be viewed. The company maintained the same revenues and profits as it reported in Q1FY23. Going forward, however, I expect improved revenues particularly in H2 benefitting from lower inflation and increased government spending and even more improved profits due to increased revenues coupled with newsprint cost savings due to moderation in prices which is not yet fully reflected in operating results. Outdoor and Event businesses maintained robust performance over the last some quarters and have been contributing to the overall profit of the company. There was some fall in revenue during the quarter in comparison to Q1FY23 due to a shift in strategy to focus on more stable and profitable revenue streams which would continue. These businesses maintained profits of the last year despite a fall in revenue in Q1FY24. The digital business had nearly the same revenue as in Q1FY23 partly because of unfavorable market conditions and partly because of the inability to monetize the consumer base to the expected level. However, operational metrics remain strong and I hope that the team will work towards generating revenues commensurate with the user base and the costs most of which are fixed in nature. The radio business recorded strong growth in revenue as well as profit during the quarter. However, they are still behind pre-pandemic revenues by 30 - 35%. Further, its increasing dependence on revenue streams other than pure play radio is reducing the operating leverage. These areas are being closely monitored for taking appropriate action wherever required.” Result PDF16-08-2023
JAGRAN PRAKASHAN LTD. - 532705 - Disclosure Under Regulation 30 And Other Applicable Provisions Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015
Disclosure under regulation 30 of SEBI (LODR) 201514-08-2023
JAGRAN PRAKASHAN LTD. - 532705 - Announcement under Regulation 30 (LODR)-Investor Presentation
Please find enclosed Investor Presentation for the quarter ended June 30, 2023.14-08-2023
JAGRAN PRAKASHAN LTD. - 532705 - Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015
Disclosure required under regulation 30 of SEBI (LODR) Regulations 2015.14-08-2023