Jagran Prakashan witnesses 75 percent drop in ad revenue
In its quarterly results, Jagran Prakashan has announced that consolidated net revenue in Q1FY21 stood at Rs 191.09 cr, which is a decline of 67.3 percent YOY from Rs 584.28cr in Q1FY20, largely due to COVID-19 lockdown. EBITDA stood at negative Rs 34.23cr in Q1FY21, which is a decrease of 124.26 percent YOY. For Q1FY20, it had posted EBITDA of Rs 141.1cr. The consolidated net loss in Q1FY21 came in at Rs 44.31 cr, as aganst Q1FY20 when it had reported profit of Rs 65.75cr. The net profit margin in Q1FY21 came in at negative 23.19 percent, a decline of 34.44 percent YOY. The net profit margin for Q1FY20 was at 11.25 percent.