It had posted a standalone net profit of Rs 38.49 crore in the January-March period of 2012-13, the company said in a statement. (Agencies)
Total income on standalone basis stood at Rs 391.51 crore during the quarter under review as against Rs 342.84 crore in the year-ago period.
However, Jagran Prakashan's consolidated net profit for the financial year 2013-14 decreased to Rs 226.15 crore from Rs 255.08 crore in the previous fiscal.
Its consolidated total income for the year increased to Rs 1,702.73 crore from Rs 1,521.79 crore in 2012-13.
"In continuation of Q3 FY14, Q4 FY14 once again witnessed a steep growth of 17 percent in advertisement revenue with further improvement in per copy realisation. On cost front, we continued to keep check. However, increase in newsprint prices partially due to depreciating rupee was unexpected and it lowered the operating margins by 3 percent," Jagran Prakashan CMD M M Gupta said.
Its advertising revenue on standalone basis was Rs 264.74 crore in the quarter under review, up 16.31 percent from 227.62 crore of the fourth quarter of last fiscal.
On the future outlook Gupta said that almost all businesses under investment phase have given improved performance and would improve further.
"In particular, Naidunia and Digital performed incredibly and strengthened their respective market positions," he said.
Shares of Jagran Prakashan on Wednesday closed at Rs 115 on the BSE, up 2.18 percent from its previous close.
It had posted a standalone net profit of Rs 38.49 crore in the January-March period of 2012-13, the company said in a statement.