Kanpur, India – February 5, 2025
Jagran Prakashan Limited (JPL), a leading Indian media and publishing company, has reported its unaudited standalone and consolidated financial results for the third quarter (Q3) and nine months ended December 31, 2024. The company saw steady revenue growth and higher net profitability, backed by improved operational performance.
Key Financial Highlights (Standalone)
Particulars
Q3 FY25 (₹ Lakhs)
Q2 FY25 (₹ Lakhs)
Q3 FY24 (₹ Lakhs)
9M FY25 (₹ Lakhs)
9M FY24 (₹ Lakhs)
Revenue from Operations
43,301.09
37,575.75
43,040.84
1,21,025.06
1,64,047.31
Total Income
44,707.47
39,597.18
44,542.42
1,25,788.73
1,70,574.78
Total Expenses
36,361.84
34,171.90
35,774.91
1,04,849.62
1,40,574.78
EBITDA (Estimated)
~8,345.63
~5,425.28
~8,767.51
~20,939.11
~29,857.62
Profit Before Tax (PBT)
6,968.34
4,736.53
7,357.37
15,162.76
21,609.84
Net Profit
5,986.43
4,736.53
7,347.37
15,162.76
20,938.73
Earnings Per Share (EPS)
2.74
2.18
3.40
7.64
11.23
Revenue Growth: Sequential revenue growth (+15% QoQ) reflects improved business performance, while YoY revenue remains stable.
Profitability: Net profit for the quarter stood at ₹5,986.43 lakhs, down 18.5% YoY but up 26.4% QoQ due to cost optimization.
EPS Decline: EPS decreased YoY, reflecting lower overall earnings compared to the previous year.
Key Financial Highlights (Consolidated)
Particulars
Q3 FY25 (₹ Lakhs)
Q2 FY25 (₹ Lakhs)
Q3 FY24 (₹ Lakhs)
9M FY25 (₹ Lakhs)
9M FY24 (₹ Lakhs)
Revenue from Operations
51,650.22
44,850.58
51,209.37
1,40,712.72
1,90,391.43
Total Income
54,356.36
47,556.72
53,751.20
1,47,843.91
1,98,484.22
Total Expenses
45,692.00
41,091.84
44,067.24
1,26,789.25
1,77,122.50
Profit Before Tax (PBT)
8,317.64
6,464.88
9,684.36
20,727.48
26,201.72
Net Profit
7,347.37
5,887.30
8,260.92
18,373.71
24,672.89
Earnings Per Share (EPS)
2.88
1.97
3.85
6.74
7.93
Revenue Increase: QoQ revenue increased significantly by 15.2%, driven by digital and advertising segments.
Profitability Drop: Despite QoQ profit increase, net profit fell YoY by 11%, mainly due to increased costs and expenses.
Segmental Growth: Digital and radio businesses continued to contribute significantly to revenue streams.
Publishing & Digital Business: Primary revenue driver, but showing slight YoY decline.
FM Radio Business: QoQ improvement seen, yet marginally lower YoY.
Other Segments: Growing steadily, contributing positively to overall revenue.
Corporate Developments & Legal Matters
NCLT Petition: A legal dispute among promoter group members remains pending before the National Company Law Tribunal (NCLT). The company does not expect any material impact on its financial performance.
Employee Wage Dispute: Ongoing wage-related claims against the company in Noida region totaling ₹1,159 lakhs are being contested legally.
Music Broadcast Limited (MBL) Royalty Case: MBL has challenged a Madras High Court ruling imposing a minimum royalty rate of ₹680 per needle hour for sound recordings. The case is now pending before the Supreme Court of India.
Management Commentary
Mahendra Mohan Gupta, Non-Executive Chairman and Director, stated: "Despite the challenges in the industry, we continue to focus on operational efficiency and revenue diversification. Our digital business remains a key growth area, and we are optimistic about improved financial performance in the coming quarters."
Strategic Outlook
Revenue Growth: Expected to be driven by digital advertising and circulation revenue recovery.
Cost Management: Focus remains on cost optimization to improve profit margins.
Regulatory & Legal Matters: The company is confident that ongoing litigations will not materially impact its long-term financial position.
Conclusion
Jagran Prakashan Ltd demonstrated resilience in Q3 FY25, posting higher QoQ revenue and profits despite YoY declines. With a strong publishing, digital, and FM radio presence, strategic cost control, and an improving advertising environment, the company remains well-positioned for steady growth in the coming quarters.
