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

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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 ChangeYoY Change
Net SalesRs m5,5302,8914,02639.3%-27.2%
Other incomeRs m10311118466.1%78.3%
TurnoverRs m5,6333,0024,21040.2%-25.3%
ExpensesRs m4,0582,4632,73311.0%-32.7%
Gross profitRs m1,4714281,246191.3%-15.3%
DepreciationRs m3703213210.0%-13.1%
InterestRs m818682-4.6%2.0%
Profit before taxRs m1,1241311,027683.0%-8.6%
TaxRs m30630258760.9%-15.6%
Profit after taxRs m818101769659.8%-6.0%
Gross profit margin%26.614.831.0
Effective tax rate%27.222.925.2
Net profit margin%14.53.418.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


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.

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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.

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JAGRAN PRAKASHAN Announces Quarterly Results (3QFY20); Net Profit Up 16.5% (Quarterly Result Update)

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For the quarter ended December 2019, JAGRAN PRAKASHAN has posted a net profit of Rs 818 m (up 16.5% YoY). Sales on the other hand came in at Rs 6 bn (down 9.9% YoY). Read on for a complete analysis of JAGRAN PRAKASHAN's quarterly results.

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