Jagran Prakashan Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 30, 2023 at 09:41 am EDT
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Jagran Prakashan Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 4,587.3 million compared to INR 4,541.63 million a year ago. Revenue was INR 4,767.31 million compared to INR 4,729.47 million a year ago. Net income was INR 424.09 million compared to INR 515.77 million a year ago. Basic earnings per share from continuing operations was INR 1.95 compared to INR 1.96 a year ago. Diluted earnings per share from continuing operations was INR 1.95 compared to INR 1.96 a year ago.
For the six months, sales was INR 9,133.08 million compared to INR 9,086.31 million a year ago. Revenue was INR 9,529.21 million compared to INR 9,399.79 million a year ago. Net income was INR 870.48 million compared to INR 930.61 million a year ago. Basic earnings per share from continuing operations was INR 4 compared to INR 3.53 a year ago. Diluted earnings per share from continuing operations was INR 4 compared to INR 3.53 a year ago.
Jagran Prakashan Limited is an India-based company, which is engaged in the printing and publication of newspapers and magazines in India. The other activities of the Company comprise outdoor advertising business, event management and activation services and digital business. Its segments include printing, publishing and digital, FM Radio, and Others. The Printing, publishing and digital segment comprises advertising revenue, sales of newspapers, magazines and others. The FM radio business comprises advertisement from sale of radio airtime. The Others segment comprises outdoor advertising and event management and activation services. It operates its business of radio broadcast and all other related activities through its radio channels operating under the brand name Radio City in India and the business of providing event management services and outdoor activities. It prints approximately 10 titles across 13 states in five different languages. Its flagship brand is Dainik Jagran.