Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting and Un-Audited Financial Results under Regulation 33 of SEBI LODR
Audit Opinion:
The Limited Review Report by M/s. S.N. Dhawan & Co. LLP, Chartered Accountants, was unmodified. The auditors stated that nothing has come to their attention that causes them to believe that the Statement contains any material misstatement.
Auditor’s Comment:
The auditors drew attention to Note 5 regarding ongoing disputes and legal proceedings amongst the promoters and promoter group members of Jagran Prakashan Limited (the Holding Company). They noted that management does not presently expect any impact of these matters on the financial results. Their conclusion was not modified in respect of this matter.
Key Financial Highlights [₹ in lakhs]:
Standalone Results:
Revenue from Operations: ₹4,820.09
Other Income: ₹454.32
Total Income: ₹5,274.41
Expenses:
License fees: ₹487.61
Employee benefit expense: ₹1,224.92
Depreciation and amortization expense: ₹407.69
Impairment of non-current assets: Not Specified (Refer Note 7)
Other expenses: ₹1,824.65
Finance costs: ₹97.19
Total Expenses: ₹4,042.06
Profit/(Loss) before tax: ₹1,232.35
Tax Expense:
Current tax: ₹173.07
Deferred tax: ₹137.03
Total Tax Expense: ₹310.10
Profit/(Loss) for the period: ₹922.25
Earnings Per Share (EPS) [₹]: 0.27 (Basic and Diluted)
Paid-up Equity Share Capital: ₹6,913.71
Other Equity: Not Specified
Cash and Cash Equivalents: Not Specified
Debt: Not Specified
Consolidated Results:
Not Specified. The results provided are standalone.
Segment-wise Performance:
The Company is engaged primarily in the business of operating private FM radio stations, which constitutes a single reportable segment.
Corporate Actions:
Not Specified
Other Significant Information:
Legal and Regulatory Matters:
Note 5: A petition under sections 241, 242 and 244 of the Companies Act, 2013 has been filed with the NCLT, Allahabad Bench, by Mr. Mahendra Mohan Gupta and Mr. Shailesh Gupta against other promoters of Jagran Prakashan Limited (Holding Company). The matter is pending. The Holding Company convened an EGM on May 29, 2026, upon requisition from Jagran Media Network Investment Private Limited, to consider resolutions for the removal of certain directors. Although passed, the NCLAT has directed that implementation remain in abeyance pending the NCLT outcome. Management does not anticipate any material adverse impact on the Company.
Note 6: An ongoing legal matter with Phonographic Performance Limited (PPL) and other music providers regarding license fee rates. The Madras High Court partly allowed an appeal, setting a 'minimum floor rate'. The Company has filed a Special Leave Petition in the Supreme Court. A related contempt petition was disposed of by the Madras High Court on December 12, 2025. Based on legal opinion, the Company does not expect an outflow of economic resources.
Note 7: During the year ended March 31, 2026, the Company recognized an impairment loss of ₹4,900 lakhs as the value in use of its net assets was lower than their carrying value.
Note 4: During the year ended March 31, 2026, the Company derecognised MAT credit entitlement of ₹1,032 lakhs considered no longer recoverable due to amendments in the Income-tax Act.