📌 At a glance:
Jagran Prakashan Limited (JPL) — publisher of Dainik Jagran, India’s most-read newspaper — posted FY25 consolidated revenue of ₹1,888 Cr, down 2.4% YoY. PAT dropped 43% to ₹93.93 Cr, weighed down by ₹130 Cr impairment in its radio subsidiary. Meanwhile, they bagged 135 awards across brands — so at least the trophy shelf is thriving.
🏢 About Jagran Prakashan Ltd
| Attribute | Details |
|---|---|
| Founded | 1942 by freedom fighter Puran Chandra Gupta |
| Listed On | BSE: 532705, NSE: JAGRAN |
| Business Segments | Print, Radio, Digital, Events, Outdoor |
| Publications | 8 dailies in 5 languages from 13 states |
| Radio Stations | 39 FM channels under Radio City brand |
| Digital Reach | 79 million unique users (Mar 2025, Comscore) |
It’s the OG media house — but in FY25, legacy weight met digital drag.
📊 FY25 Consolidated Financials
| Metric | FY25 | FY24 | YoY Change |
|---|---|---|---|
| Revenue (₹ Cr) | 1,888.13 | 1,933.91 | 🔻 -2.4% |
| EBITDA (₹ Cr) | 290.64 | 367.95 | 🔻 -21% |
| PAT (₹ Cr) | 93.93 | 164.92 | 🔻 -43% |
| EPS (₹) | 6.02 | 8.44 | 🔻 -29% |
| Digital Revenue (₹ Cr) | 106.37 | 111.07 | 🔻 -4.2% |
| Interim Dividend | ₹6/share | ₹130 Cr outflow |
Oh, and they declared ₹6/share dividend, even as profits shrunk. Gotta keep shareholders smiling, right?
📆 Q4FY25 Snapshot (Consolidated)
| Metric | Q4FY25 | Q4FY24 | YoY Change |
|---|---|---|---|
| Revenue (₹ Cr) | 481.00 | 509.64 | 🔻 -5.6% |
| PAT (₹ Cr) | -51.46 | 6.03 | 🔻 -954% |
| Digital Revenue (₹ Cr) | 26.40 | 35.17 | 🔻 -25% |
| PBT | ₹(65.46 Cr) | ₹12.39 Cr | ❗ Loss due to ₹130 Cr impairment |
📉 This is what you call a “print media problem meets digital monetization crisis”.
💡 Segment-wise Breakdown
| Segment | FY25 Revenue (₹ Cr) | FY25 Profit (₹ Cr) | Margin |
|---|---|---|---|
| Dainik Jagran | 1,145.52 | 264.38 | 23.08% |
| Other Print | 226.81 | 7.69 | 3.39% |
| Radio | 234.48 | 12.64 | 5.39% |
| Digital | 106.37 | -3.04 | -2.85% |
| Events/Outdoor | 206.80 | 15.33 | 7.41% |
Only Dainik Jagran kept the lights on. Everything else? Slipping.
🧠 EduInvesting Take
Jagran’s financials look like its classifieds section: a bunch of small boxes, mostly saying “Help Wanted”.
What’s Working:
✅ Dainik Jagran print still profitable
✅ Event biz recovered post-COVID
✅ Radio City holds brand equity in Tier 1/2 cities
✅ ₹130 Cr cash dividend shows balance sheet strength
What’s Not:
❌ Digital is burning cash, not building it
❌ Radio City had -₹38 Cr loss in Q4, thanks to impairments
❌ Circulation revenue stagnant
❌ Other publications struggling (Naidunia, Inext, Midday)
“When your most profitable vertical is 80 years old and digital is a money pit — it’s time to rethink.”
🏆 Awards Section (Because That’s the Only Green Line)
They won 135 awards in FY25. Here’s the breakdown:
- 📰 Dainik Jagran — 10 awards (INMA, Abby, WAN-IFRA)
- 📻 Radio City — 76 awards (ACEF, Golden Mikes, NYF)
- 📱 Jagran New Media — 30 awards (RedCarpet, Afaqs, Google News Initiative)
- 🗞️ Midday — 8 awards
- 📢 Jagran Solutions/Engage — 8 awards
👏 Great for brand prestige. Now if only awards came with ad revenue.
🔮 What to Watch in FY26
- Will digital turn profitable?
- Can radio stop bleeding after impairment?
- Ad revenues from elections and festivals
- Jagran Josh, Jagran.com performance — both hold 50%+ of digital traffic
- Any merger or sell-off in struggling verticals (Midday/Radio?)
🧾 Credit Rating
| Entity | Long Term | Short Term |
|---|---|---|
| JPL | AA+ / Stable | A1+ |
| Music Broadcast Ltd. | AA / Stable | A1+ |
| Midday Infomedia | AA- / Stable | — |
So yes — their stock may be boring, but their balance sheet is clean.
📉 Final Verdict
FY25 was Jagran’s hangover year — revenues flat, digital declined, radio impaired, yet somehow, they paid a fat dividend.
CMP not mentioned (please confirm if needed for FV). But even without that, here’s the truth:
Jagran has legacy cash cows, but its future depends on whether Digital becomes a business or stays a news hobby.
If Radio City is fixed and Digital is monetized, JAGRAN may surprise. Otherwise — it’s a dividend + nostalgia play, not growth.
🗓️ Published: May 26, 2025
✍️ By: Prashant Marathe
Tags: Jagran Prakashan FY25 results, Dainik Jagran earnings, Radio City impairment, digital news India, JAGRAN stock, dividend media stocks, Indian newspaper companies, Midday results, Jagran New Media traffic, award-winning newspapers India
