Quarterly Result: Jagran Prakashan Ltd
Bhagyashree Vivarekar / 14 Dec 2016
Jagran Prakashan Ltd., is currently trading at Rs. 166.4, down by 3.75 points or 2.2% from its earlier closing of Rs. 170.15 on the BSE. The company's net profit has soared 14.3% yoy to Rs 75 cr, attributed to 31.7% yoy surge in other income and 43.4% yoy erosion in finance cost.
Technical View:
Jagran Prakashan Ltd., is currently trading at Rs. 166.4, down by 3.75 points or 2.2% from its earlier closing of Rs. 170.15 on the BSE.
The scrip has touched a high and low of Rs. 172 and Rs. 166.3 respectively, after opening at 171. In totality 211708(NSE+BSE) shares have been traded on the counter; and the stock is currently trading above its 100 DMA.
Standalone Results Q2FY17:
Jagran Prakashan Ltd’s Q2FY17 standalone numbers have come in as a mixed bag in comparison with street estimates. Revenue has come in 7.7% lesser than our estimate of Rs 497 cr. EBITDA margin is greater by 142 bps from the estimate of 25%. While, net profit is 8% greater than the estimated figure of Rs 70 cr.
The quarter's revenue has surged by 6.3% yoy to Rs 459 cr.
Jagran's EBITDA has depleted marginally by 2.3% yoy to Rs 121 cr while EBITDA margins have shrunken by 231 bps yoy to 26.4%, triggered by 17.6% yoy upsurge in other expenses.
The company's net profit has soared 14.3% yoy to Rs 75 cr, attributed to 31.7% yoy surge in other income and 43.4% yoy erosion in finance cost.
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