Jagran Prakashan Q3 PAT up 16 pc to Rs 81.6 cr

Jagran Prakashan Ltd, the publisher of Hindi daily Dainik Jagran, on Thursday reported a 15.97 per cent increase in consolidated profit after tax (PAT) to Rs 81.61 crore for the third quarter ended on December 31, 2019. The company had posted a PAT of Rs 70.37 crore during October-December quarter a year ago, Jagran Prakashan Ltd (JPL) said in a BSE filing.

However, its revenue from operations was down 10.53 per cent to Rs 563.29 crore during the quarter under review, as against Rs 629.65 crore in the corresponding quarter a year ago. JPL's total expenses stood at Rs 450.89 crore during the quarter under review as compared to Rs 523.38 crore in the year-ago period, down 13.85 per cent.

The company registered a revenue of Rs 455.85 crore for its print, digital and publishing businesses in the said quarter as compared with Rs 494.60 crore in the year-ago period. While, the FM Radio business revenue for the third quarter of current financial year was at Rs 69.64 crore as against Rs 87.02 crore in the third quarter of 2018-19.

Shares of Jagran Prakashan Ltd on Thursday settled at Rs 69.90 per unit on the BSE, up 0.36 per cent over previous close.