Jagran Prakashan Q2 PAT Down 24.8% YoY

Date: 13th November, 2026

Consolidated Financial Performance Q2FY27 (YoY)

Revenue Performance:

Operating Revenues increased 5.6% to ₹493.44 crores from ₹467.36 crores
Advertisement Revenues increased 6.1% to ₹346.69 crores from ₹326.69 crores (includes print and digital)
Circulation Revenues decreased slightly to ₹80.25 crores from ₹81.00 crores
Other Operating Revenues increased 11.5% to ₹66.50 crores from ₹59.67 crores
Digital Revenue (print) increased 23.6% to ₹26.81 crores from ₹21.69 crores (included in Advertisement Revenue)

Profitability:

Operating Profit decreased 13.9% to ₹57.32 crores from ₹66.58 crores
Other Income decreased 26.4% to ₹22.52 crores from ₹30.60 crores (Q2FY26 included ₹7.95 crores from maturity proceeds of a Keyman policy)
Profit Before Tax (PBT) decreased 18.2% to ₹58.18 crores from ₹71.14 crores
Profit After Tax (PAT) decreased 24.8% to ₹42.82 crores from ₹56.94 crores
EPS (non-annualized) decreased to ₹1.89 from ₹2.69

Consolidated Financial Performance H1FY27 (YoY)

Revenue Performance:

Operating Revenues increased 7.1% to ₹992.79 crores from ₹927.41 crores
Advertisement Revenues increased 8.1% to ₹690.25 crores from ₹638.27 crores (includes print, digital and radio)
Circulation Revenues decreased slightly to ₹165.03 crores from ₹165.85 crores
Other Operating Revenues increased 11.5% to ₹137.51 crores from ₹123.29 crores
Digital Revenue (print) increased 26.9% to ₹51.39 crores from ₹40.48 crores (included in Advertisement Revenue)

Profitability:

Operating Profit decreased 2.3% to ₹127.35 crores from ₹130.37 crores
Other Income decreased 33.9% to ₹54.23 crores from ₹82.05 crores (H1FY26 included ₹31.80 crores from maturity proceeds of a Keyman policy)
Profit Before Tax (PBT) decreased 13.8% to ₹139.20 crores from ₹161.50 crores
Profit After Tax (PAT) decreased 15.9% to ₹104.05 crores from ₹123.70 crores
EPS (non-annualized) decreased to ₹4.59 from ₹5.78

Standalone Financial Performance Q2FY27 (YoY)

Revenue Performance:

Operating Revenues increased 6.3% to ₹439.61 crores from ₹413.77 crores
Advertisement Revenues increased 7.0% to ₹295.57 crores from ₹276.15 crores
Circulation Revenues decreased slightly to ₹77.93 crores from ₹78.43 crores
Other Operating Revenues increased 11.7% to ₹66.12 crores from ₹59.19 crores
Digital Revenue increased 26.5% to ₹25.64 crores from ₹20.27 crores (included in Advertisement Revenue)

Profitability:

Operating Profit decreased 25.9% to ₹51.93 crores from ₹70.09 crores
Other Income decreased 35.9% to ₹14.95 crores from ₹23.31 crores (Q2FY26 included ₹7.95 crores from maturity proceeds of a Keyman policy)
Profit Before Tax (PBT) decreased 34.6% to ₹50.86 crores from ₹77.79 crores
Profit After Tax (PAT) decreased 38.8% to ₹37.79 crores from ₹61.73 crores
EPS (non-annualized) decreased to ₹1.74 from ₹2.84

Standalone Financial Performance H1FY27 (YoY)

Revenue Performance:

Operating Revenues increased 8.6% to ₹881.89 crores from ₹811.90 crores
Advertisement Revenues increased 10.6% to ₹584.80 crores from ₹528.80 crores
Circulation Revenues decreased slightly to ₹160.35 crores from ₹160.73 crores
Other Operating Revenues increased 11.7% to ₹136.74 crores from ₹122.38 crores
Digital Revenue increased 26.5% to ₹49.02 crores from ₹37.91 crores (included in Advertisement Revenue)

Profitability:

Operating Profit decreased 15.8% to ₹113.45 crores from ₹134.79 crores
Other Income decreased 43.2% to ₹38.55 crores from ₹67.84 crores (H1FY26 included ₹31.80 crores from maturity proceeds of a Keyman policy)
Profit Before Tax (PBT) decreased 29.8% to ₹121.02 crores from ₹172.52 crores
Profit After Tax (PAT) decreased 31.4% to ₹91.29 crores from ₹133.07 crores
EPS (non-annualized) decreased to ₹4.20 from ₹6.11

Segment-wise Performance Q2FY27

Dainik Jagran (excludes Digital):

Operating Revenue: ₹311.90 crores (Q1FY27: ₹314.15 crores, Q2FY26: ₹299.29 crores)
Operating Profit: ₹50.17 crores (Q1FY27: ₹59.84 crores, Q2FY26: ₹68.87 crores)
Operating Margin: 16.09% (Q1FY27: 19.05%, Q2FY26: 23.01%)

Other publications (Midday, Naidunia, I Next, Punjabi Jagran, Inquilab-North & Sakhi):

Operating Revenue: ₹57.99 crores (Q1FY27: ₹54.45 crores, Q2FY26: ₹58.79 crores)
Operating Profit: (₹2.24) crores loss (Q1FY27: (₹2.04) crores loss, Q2FY26: ₹3.84 crores profit)
Operating Margin: (3.87)% (Q1FY27: (3.75)%, Q2FY26: 6.53%)

Radio:

Operating Revenue: ₹40.96 crores (Q1FY27: ₹44.54 crores, Q2FY26: ₹37.84 crores)
Operating Profit: ₹6.15 crores (Q1FY27: ₹8.92 crores, Q2FY26: (₹5.49) crores loss)
Operating Margin: 15.00% (Q1FY27: 20.03%, Q2FY26: (14.51)%)

Digital (print):

Operating Revenue: ₹26.81 crores (Q1FY27: ₹24.58 crores, Q2FY26: ₹21.69 crores)
Operating Profit: ₹1.16 crores (Q1FY27: (₹3.07) crores loss, Q2FY26: (₹2.90) crores loss)
Operating Margin: 4.33% (Q1FY27: (12.49)%, Q2FY26: (13.39)%)

Outdoor and Event:

Operating Revenue: ₹57.42 crores (Q1FY27: ₹62.95 crores, Q2FY26: ₹52.40 crores)
Operating Profit: ₹1.55 crores (Q1FY27: ₹5.64 crores, Q2FY26: ₹2.05 crores)
Operating Margin: 2.70% (Q1FY27: 8.96%, Q2FY26: 3.92%)

Subsidiary Performance Q2FY27

Music Broadcast Limited (Radio City):

Operating Revenue: ₹40.96 crores (Q1FY27: ₹44.54 crores, Q2FY26: ₹37.84 crores)
Expenses: ₹34.81 crores (Q1FY27: ₹35.62 crores, Q2FY26: ₹43.33 crores)
Operating Profit: ₹6.15 crores (Q1FY27: ₹8.92 crores, Q2FY26: (₹5.49) crores loss)
Other Income: ₹7.47 crores (Q1FY27: ₹8.20 crores, Q2FY26: ₹6.84 crores)
Depreciation and Amortisation: ₹4.06 crores (Q1FY27: ₹4.08 crores, Q2FY26: ₹7.05 crores)
Interest: ₹0.62 crores (Q1FY27: ₹0.72 crores, Q2FY26: ₹3.06 crores)
Profit Before Tax: ₹8.94 crores (Q1FY27: ₹12.32 crores, Q2FY26: (₹8.76) crores loss)
Tax: ₹2.26 crores (Q1FY27: ₹3.09 crores, Q2FY26: (₹1.88) crores credit)
Profit After Tax: ₹6.68 crores (Q1FY27: ₹9.22 crores, Q2FY26: (₹6.88) crores loss)
Operating Profit Margin: 15.00% (Q1FY27: 20.03%, Q2FY26: (14.51)%)

Midday Infomedia Limited:

Operating Revenue: ₹13.40 crores (Q1FY27: ₹12.78 crores, Q2FY26: ₹16.46 crores)
Advertisement: ₹10.68 crores (Q1FY27: ₹10.02 crores, Q2FY26: ₹13.35 crores)
Circulation: ₹2.32 crores (Q1FY27: ₹2.36 crores, Q2FY26: ₹2.57 crores)
Other Operating Income: ₹0.40 crores (Q1FY27: ₹0.40 crores, Q2FY26: ₹0.54 crores)
Expenses: ₹14.72 crores (Q1FY27: ₹13.93 crores, Q2FY26: ₹14.70 crores)
Operating Profit/(Loss): (₹1.32) crores loss (Q1FY27: (₹1.15) crores loss, Q2FY26: ₹1.76 crores profit)
Other Income: ₹0.67 crores (Q1FY27: ₹0.65 crores, Q2FY26: ₹0.66 crores)
Depreciation: ₹0.80 crores (Q1FY27: ₹0.80 crores, Q2FY26: ₹0.88 crores)
Interest: ₹0.20 crores (Q1FY27: ₹0.20 crores, Q2FY26: ₹0.23 crores)
Profit Before Tax: (₹1.65) crores loss (Q1FY27: (₹1.50) crores loss, Q2FY26: ₹1.31 crores profit)
Tax: ₹0.04 crores (Q1FY27: ₹0.02 crores, Q2FY26: (₹0.16) crores credit)
Profit After Tax: (₹1.69) crores loss (Q1FY27: (₹1.52) crores loss, Q2FY26: ₹1.47 crores profit)
Operating Profit Margin: (9.88)% (Q1FY27: (9.03)%, Q2FY26: 10.71%)

Awards and Recognitions

During Q2FY27, the Group received 16 awards across various businesses:

Midday: 2 awards (Excellence in journalism, LIONS International; Outstanding Woman Leader Modern Journalism)
Jagran Solutions: 3 awards (Flame Asia Awards; EEMAX Global Awards)
Jagran Engage: 3 awards (OOH Advertising Awards, OAC)
Jagran New Media: 6 awards (vIDEA 2026 - Inkspell; (mCube) Awards 2026; Mar-tec Awards)
Jagran Production: 1 award (ICQC membership)
Jagran IT Team: 1 award (CIO 100 Award)

Credit Rating

CRISIL has reaffirmed credit ratings:

Jagran Prakashan Limited: AA+Stable for long and medium term, A1+ for short term
Music Broadcast Limited: A1+ for short term, AA/Stable for long term
Midday Infomedia Limited: AA(-)/stable for long term

Business Overview

Jagran Prakashan Limited is a media conglomerate with interests in newspapers & magazines, FM Radio, Digital, Outdoor Advertising, Promotional Marketing, Event Management and Activation Businesses. The Group publishes 8 publications from 13 states/union territories in 5 different languages and operates 39 FM stations. Digital properties under Jagran NewMedia were rated amongst the top 10 in the news and information category with around 76 million unique visitors.