Jagran Prakashan Q4 Review - FY23 Could Bring In Sharp Recovery: ICICI Direct

Press operators inspect the print quality of copies of the Dainik Jagran daily, in New Delhi. (Photographer: Anindito Mukherjee/Bloomberg).

Jagran Prakashan Q4 Review - FY23 Could Bring In Sharp Recovery: ICICI Direct

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Jagran Prakashan Ltd. reported a weak set of Q4 FY21 numbers.

Operating revenue (consolidated) declined 8.8% YoY to Rs 406.4 crore as print ad revenue was down 10.7% YoY to Rs 234 crore.

Subscription and radio revenue also registered de-growth of 12.1% YoY and 7.4% YoY, respectively on a depressed base.

Ebitda, however, was up 66.6% YoY to Rs 89.9 crore. Ebitda margins were at 22.2%, up ~1000 basis points YoY.

Cost control measures and softened newsprint prices helped Ebitda despite weak revenues.

Consequently, profit after tax at Rs 37.6 crore grew more than three times YoY due to strong performance at Ebitda level and also higher other income.

Click on the attachment to read the full report:

ICICI Direct Jagran Prakashan Q4FY21 Result Update.pdf

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