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New Delhi, July 27

Jagran Prakashan has announced a growth of 51.62 per cent in first-quarter net profit to Rs 34.71 crore against Rs 22.89 crore in the corresponding previous period. Net sales saw grew more than 34 per cent to Rs 183.42 crore (Rs 136.67 crore), while EBIDTA margins increased to 31.39 per cent (28.12 per cent). The publishers of Dainik Jagran said that steady growth in revenue has been driven by the significant growth in advertisement revenue, which grew b y 42 per cent to Rs 126.74 crore. Revenue from non-publication business stood at Rs 11.49 crore. “We dedicated our efforts towards strengthening Dainik Jagran and various other initiatives,” said Mr Mahendra Mohan Gupta, Ch airman and Managing Director, in a statement. “While Jagran Engage and Jagran Solutions have already attained critical mass, other activities are ready to take off now.”

– Our Bureau

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