Any current/future new fundraising through debt or equity?

There are no explicit mentions of any immediate or future fundraising plans through debt or equity in the discussed pages. The company currently holds a strong cash position, with nearly Rs.600 Crores in cash and net cash and liquid assets worth nearly Rs.400 Crores at the group level. Group debt is minimal, about Rs.150-200 Crores, with print business debt even lower (around Rs.50-60 Crores). For the acquisition of RBNL, funding is planned via surplus cash including IPO money and accumulated depreciation; debt existing in RBNL will continue but is manageable. The company plans to maintain agg

Any current/future capex/capital investment/strategic investment?

No greenfield projects or new circulation expansion planned for the next quarter, two quarters, or even one to two years. (Page 4) Operating at optimum circulation levels, with focus on markets where monetization potential is high. (Page 4) No plans for any Greenfield projects currently. (Page 13) Cash deployment prioritized for acquisition of RBNL using surplus cash from IPO money and accumulated depreciation; no compromise on shareholder distribution. (Page 12) Ongoing focus on cost control and margin improvement rather than new capital investments. (Page 3, 12) Buyback of shares is consider

Future growth expectations in sales/revenue/volumes?

No structural change is expected in print or overall discretionary spending; any structural shifts would reflect the broader economy (Page 17). Advertising growth is challenging, with near-term improvements expected only in FY2021 (Page 4). Q3 and Q4 outdoor, event, and job work revenues expected around Rs.80 Crores, showing stability in these segments (Page 16). Circulation revenue is expected to remain steady without significant decline; circulation copy degrowth planned at 4-5% for strategic reasons (Pages 7 and 9). Digital revenue was Rs.20-23 Crores in H1 FY2020, with expectations

Future growth expectations in earnings/operating earnings/profits/EPS?

Advertisement revenue growth is expected to be challenging in the near term due to economic slowdown, with recovery anticipated in FY2020-21 rather than Q4 FY2019-20. Newsprint cost reductions in Q3 and Q4 will significantly improve margins and profits among print brands. Digital revenue showed Rs. 20-23 Crores in H1 FY2020, expected to grow further in H2. The "Other" revenue segment (outdoor, events, job work) is expected to generate around Rs. 80 Crores in Q3 and Q4 combined, maintaining or improving from Q2 levels. Government advertising spends, particularly state government, have s

Current/ Expected Orderbook/ Pending Orders?

The transcript does not explicitly mention the current or expected order book or pending orders for Jagran Prakashan Limited. There is discussion around revenues in the "Other" category, which includes outdoor, events, and job work components, generating about Rs.37 Crores in Q2. The expectation for Q3 and Q4 is a combined revenue of around Rs.80 Crores from outdoor and event businesses, including job work. No specific figures or details are provided regarding order books or pending orders. The focus is more on revenue run-rate from various business verticals rather than confirmed order backlo

IN US

Sale is live|00:00:00left today

Jagran Prakashan LtdQ3 FY19Media

Jagran Prakashan Ltd Q3 FY19 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹65.2P/E: 8.9Market Cap: ₹1.5K CrSector: Media

Management growth scorecard

Revenue

Category 5

Margin

Category 3

Fundraise

N/A

Order

N/A

Capex

0 of 3 growth signals are positive — mixed outlook.

Full analysis

Revenue guidance

Category 5

→No structural change is expected in print or overall discretionary spending; any structural shifts would reflect the broader economy (Page 17).
→Advertising growth is challenging, with near-term improvements expected only in FY2021 (Page 4).
→Q3 and Q4 outdoor, event, and job work revenues expected around Rs.80 Crores, showing stability in these segments (Page 16).
→Circulation revenue is expected to remain steady without significant decline; circulation copy degrowth planned at 4-5% for strategic reasons (Pages 7 and 9).
→Digital revenue was Rs.20-23 Crores in H1 FY2020, with expectations to grow in the second half (Page 11).
→State government advertising spend is growing (~15%), while central government spend is declining, affecting overall growth (Pages 3 and 15).
→Overall sales growth heavily impacted by macroeconomic slowdown; recovery in advertising revenue likely only in FY2021 (Pages 3 and 4).

Margin guidance

Category 3

→Advertisement revenue growth is expected to be challenging in the near term due to economic slowdown, with recovery anticipated in FY2020-21 rather than Q4 FY2019-20.
→Newsprint cost reductions in Q3 and Q4 will significantly improve margins and profits among print brands.
→Digital revenue showed Rs. 20-23 Crores in H1 FY2020, expected to grow further in H2.
→The "Other" revenue segment (outdoor, events, job work) is expected to generate around Rs. 80 Crores in Q3 and Q4 combined, maintaining or improving from Q2 levels.
→Government advertising spends, particularly state government, have shown growth (~15%) and may not see degrowth overall in the year, supporting revenue stability.
→Cost control, lower tax rates (approx. 25.17% for Jagran), and lower newsprint costs will aid profitability.
→The company expects better full-year results supported by cost efficiencies and improved tax structure.

3 more insights locked — sign up free to unlock

Fundraise plans

→There are no explicit mentions of any immediate or future fundraising plans through debt or equity in the discussed pages.
→The company currently holds a strong cash position, with nearly Rs.600 Crores in cash and net cash and liquid assets worth nearly Rs.400 Crores at the group level.
→Group debt is minimal, about Rs.150-200 Crores, with print business debt even lower (around Rs.50-60 Crores).
→For the acquisition of RBNL, funding is planned via surplus cash including IPO money and accumulated depreciation; debt existing in RBNL will continue but is manageable.
→The company plans to maintain aggressive shareholder distributions and has no greenfield projects planned that would require significant capital investment.
→No clear plans for share buybacks are declared, though the opportunity is acknowledged; board discussions are yet to take place.

Order book

→The transcript does not explicitly mention the current or expected order book or pending orders for Jagran Prakashan Limited.
→There is discussion around revenues in the "Other" category, which includes outdoor, events, and job work components, generating about Rs.37 Crores in Q2.
→The expectation for Q3 and Q4 is a combined revenue of around Rs.80 Crores from outdoor and event businesses, including job work.
→No specific figures or details are provided regarding order books or pending orders.
→The focus is more on revenue run-rate from various business verticals rather than confirmed order backlog.

Capex plans

→No greenfield projects or new circulation expansion planned for the next quarter, two quarters, or even one to two years. (Page 4)
→Operating at optimum circulation levels, with focus on markets where monetization potential is high. (Page 4)
→No plans for any Greenfield projects currently. (Page 13)
→Cash deployment prioritized for acquisition of RBNL using surplus cash from IPO money and accumulated depreciation; no compromise on shareholder distribution. (Page 12)
→Ongoing focus on cost control and margin improvement rather than new capital investments. (Page 3, 12)
→Buyback of shares is considered a good opportunity due to share price dip but no concrete plans announced yet. (Page 12)

How does Jagran Prakashan Ltd rank vs peers in Media?

Pro feature

1Jagran Prakashan Ltd

Rev 5Mar 3

See full Media sector rankings

Want more stocks like Jagran Prakashan Ltd?

Build an AI portfolio filtered by sector, market cap, and growth rank. Takes 2 minutes.

Build my portfolio