Jagran Prakashan Limited has reported Rs 1,682 crore as consolidated revenue for FY22, in comparison to Rs 1,341 crore for FY21, marking an increase of 25%.
The company’s Q4 FY22 consolidated revenue stood at Rs 441 crore, an increase from the Rs 415 crore reported in the corresponding quarter of FY21.
Jagran reported total comprehensive income of Rs 220 crore for FY22, a massive growth from the Rs 84 crore reported in FY21.
The total comprehensive income for Q4 FY22 stood at Rs 56 crore, indicating a growth from the Rs 39 crore reported in Q4 of FY21.
Printing, Publishing and Digital
Jagran’s revenue from the printing, publishing and digital business stood at Rs 350 crore for Q4 FY22, as against the Rs 340 crore reported in the corresponding quarter of the last year.
It’s revenue from the segment for FY22 stood at Rs 1353 crore as against Rs 1,10,7 crore reported at the end of the previous financial year.
The company’s revenue from the FM Radio business stands at Rs 46 crore for Q4 FY22, as opposed to Rs 42 crore reported in Q4 FY21.
The income from radio business for FY 22 stands at Rs 168 crore, an increase of Rs 41 crore from the Rs 127 crore reported in FY21.
Mahendra Mohan Gupta, Chairman and Managing Director, JPL, said, “I am glad to report a strong recovery in revenues and profits despite pandemic hit Q1 and high inflation. Legacy of our brands and our ability to deliver against all odds give me confidence that the Group will continue to grow its revenues regardless of the new challenges that may emerge in a highly volatile and uncertain global environment.”
He further spoke about the print and digital business, stating, “Difficult times coupled with the inflationary pressure have made us all wiser in past two years and the industry has moved towards correcting cover prices and controlling costs through improving efficiency in all areas of operation. I hope that this trend will continue and the business model of the print industry will become more sustainable and predictable in times to come. Digital, as we see, is an integral part of our businesses.”