Markets will remain closed on 14^th April, 2021 on account of Dr. Baba Saheb Ambedkar Jayanti.

JAGRAN PRAKASHAN Announces Quarterly Results (3QFY21); Net Profit Down 6.0%

Wed, 10 Feb

JAGRAN PRAKASHAN has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:

JAGRAN PRAKASHAN Quarterly Financials

No. of Mths Qtr. Ending		3 Dec-19*	3 Sep-20*	3 Dec-20*	QoQ Change	YoY Change
Net Sales	Rs m	5,530	2,891	4,026	39.3%	-27.2%
Other income	Rs m	103	111	184	66.1%	78.3%
Turnover	Rs m	5,633	3,002	4,210	40.2%	-25.3%
Expenses	Rs m	4,058	2,463	2,733	11.0%	-32.7%
Gross profit	Rs m	1,471	428	1,246	191.3%	-15.3%
Depreciation	Rs m	370	321	321	0.0%	-13.1%
Interest	Rs m	81	86	82	-4.6%	2.0%
Profit before tax	Rs m	1,124	131	1,027	683.0%	-8.6%
Tax	Rs m	306	30	258	760.9%	-15.6%
Profit after tax	Rs m	818	101	769	659.8%	-6.0%
Gross profit margin	%	26.6	14.8	31.0
Effective tax rate	%	27.2	22.9	25.2
Net profit margin	%	14.5	3.4	18.3

Year-on-Year Performance:

• The company's operating income during the quarter fell 27.2% on a year-on-year (YoY) basis. The expenses were down by 32.7% YoY during the same period.
• The company's operating profit declined by 15.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 31.0% in 3QFY21 as against 26.6% in 3QFY20.
• Depreciation charges declined by 13.1% and finance costs increased by 2.0% YoY, respectively.
• Other income increased by 78.3% YoY during the quarter.
• Net profit for the quarter declined by 6.0% YoY. Net profit margins during the quarter increased from 14.5% in 3QFY20 to 18.3% in 3QFY21.

Quarter-on-Quarter Performance:

• The company's operating income during the quarter grew 39.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.0% QoQ during the same period.
• The company's operating profit increased by 191.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 31.0% in 3QFY21 as against 14.8% in 2QFY20.
• Net profit for the quarter increased by 659.8% QoQ, while net profit margins increased from 3.4% in 2QFY20 to 18.3% in 3QFY21.

To see how JAGRAN PRAKASHAN has performed over the last eight quarters,please visit here.

India's Revival: A Once-in-a-Generation Wealth Making Opportunity

JAGRAN PRAKASHAN Share Price Performance

Over the last one year, JAGRAN PRAKASHAN share price has moved down from Rs 69.2 to Rs 44.3, registering a Loss of Rs 25.0 or around 36.1%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 11,831.6 (down 0.5%). Over the last one year it has moved up from 8,060.9 to 11,831.6, a gain of 3,771 points (up 46.8%).

Overall, the S&P BSE SENSEX is up 24.9% over the year.

Current Valuations

At the current price of Rs 44.3, the price to earnings (P/E) ratio of JAGRAN PRAKASHAN stands at 29.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.