Result Update Jagran Prakashan

Result Update Jagran Prakashan 

Jagran Prakashan : Operational Performance in Line

Reco : Hold    Cmp : 100    Target :  104

Jagran PrakashanⳠ(JAGP⳩ Q2FY13 operational results were in line with our expectations. Standalone revenue grew 5.5% YoY to Rs 3.2 bn (our est. Rs 3.2 bn) and EBITDA was down 1% YoY at Rs 782 mn (our est. Rs 781 mn). However, higher other income led to 52% YoY growth in JAGP net profit to Rs 694 mn as against our est. of Rs 602 mn.