Jagran Prakashan posts muted numbers for Q3FY18
Jagran Prakashan reported its third quarterly result on Tuesday. The company's consolidated revenue for the quarter remained flat at Rs. 598.1 crore. Its Advertisement revenue stood at Rs 439 crore as against Rs 447.6 crore in corresponding quarter of the last year. While circulation revenue remained flat at Rs 110.25 crores as compared to Rs 109.4 crore in Q3FY17.
EBITDA for the quarter fell by 12.6 per cent yoy to Rs. 163 crore with a corresponding margin contraction of 374 bps. EBITDA margin for the quarter stood at 27.3 per cent. This margin contraction was led by rise in other expenses and marginal increase in cost of material consumed. The PAT for the quarter came in at Rs. 87.2 crore, yoy decline of 11.1 per cent.
In response to this result, the stock of Jagran Prakashan on Wednesday declined by almost 2 per cent to touch day low of Rs. 170 from previous close of Rs. 173.15. At 10.05 hours, the stock is trading at Rs. 171.3, down by 1.1 per cent.