Jagran Prakashan Ltd, the folks behind the Hindi daily Dainik Jagran, had a bit of a rough time in the March quarter of FY’25. They reported a net loss of ₹51.46 crore, which is quite a drop from the net profit of ₹6.02 crore they made in the same quarter last fiscal year. The revenue from operations also took a hit, going down by 5.6 per cent to ₹481 crore. That’s a pretty significant decrease from the ₹509.64 crore they brought in during the same quarter a year ago.
Financial troubles seem to be plaguing JPL, with their total expenses shooting up by 11.36 per cent to ₹580.51 crore in the March quarter of FY’25. The revenue from printing, publishing, and digital services also saw a dip, coming in at ₹377.12 crore, down by 6.8 per cent. The FM radio business revenue wasn’t spared either, dropping by 12.7 per cent to ₹54.67 crore in Q4 of FY’25. However, there was a glimmer of hope with revenue from other segments like outdoor advertising and event management services going up by 16.5 per cent to ₹50.47 crore.
JPL’s total income in the March quarter took a hit as well, going down by 3.47 per cent to ₹515.01 crore. For the full financial year ending March 31, 2025, their profit saw a significant decline of 43 per cent to ₹93.93 crore, compared to ₹164.91 crore the previous year. The total consolidated income for FY25 was down by 1.5 per cent to ₹1,993.45 crore. In a somewhat surprising move, the board of JPL approved an interim dividend of 300 per cent, which translates to ₹6 per equity share with a face value of ₹2 per equity share for the financial year ending March 31, 2025. It’s unclear why they decided to go ahead with such a hefty dividend, but hey, who are we to question their choices?
Despite the ups and downs, one thing is for sure – Jagran Prakashan Ltd is facing some challenges that need to be addressed. With declining profits and revenues across various segments, it’s essential for the company to come up with a solid strategy to turn things around. Maybe it’s just a temporary setback, or perhaps there are deeper issues at play here. Only time will tell how JPL navigates through these turbulent waters and comes out stronger on the other side. So, buckle up folks, it’s going to be an interesting ride for Jagran Prakashan Ltd in the coming months.
