Brands
Q2-2016: Jagran Prakashan YoY revenue up 19%; Radio City Op revenue up 8.3%
BENGALURU: Indian publishing group Jagran Prakashan Limited (JPL) reported 19.1 per cent growth in consolidated operating revenue in the quarter ended 30 September, 2015 (Q2-2016, current quarter) to Rs 519.5 crore as compared to the Rs 436.3 crore in Q2-2015 and eight per cent more than the Rs 481.15 in Q1-2016
The company’s consolidated profit after tax (PAT) in the current quarter increased 35.5 per cent to Rs 76.7 crore as compared to the Rs 56.6 crore in Q2-2015 and 1.9 per cent lower than the Rs 78.21 crore in Q1-2016.
Note: 100,00,000 = 100 lakh = 10 million = 1 crore
Radio Business
JPL’s radio business that includes subsidiary Music Broadcast Limited (MBL) has 31 (including 11 radio stations acquired in phase 3 auctions) under the brand Radio City and eight other stations acquired under the brand Radio Mantra. The company’s radio business reported 8.3 per cent growth to Rs 55.54 crore in Q2-2016 as compared to the Rs 51.29 crore in Q2-2015 and 17.2 per cent more than the Rs 47.38 crore in the immediate trailing quarter.
JPL’s radio business reported 6.4 per cent drop in profit at Rs at Rs 12.05 crore in Q3-2016 as compared to Rs 12.88 crore in Q2-2015 and a loss of Rs 2.23 crore in the immediate trailing quarter.
Advertising and Circulation numbers
Consolidated advertisement revenue was up by 26.8 per cent to Rs 389 crore in the current quarter as compared to the Rs 306.9 crore in Q2-2015 and was 12.6 per cent more than the Rs.345.54 crore in Q1-2016. Standalone Advertisement Revenues were at Rs 312.74 crore, up by 9.1 per cent from Rs 286.58 crore.
Consolidated Circulation revenue in the current quarter increased 3.1 per cent to Rs 99.8 crore from Rs 96.5 crore in Q2-2015, but was 0.7 per cent lower than the Rs 100.51 crore in Q1-2016. Standalone circulation revenue increased 5.4 per cent to Rs 94.48 crore in Q1-2016 as compared to the Rs 89.64 crore in the corresponding year ago quarter. Standalone Circulation Revenues were at Rs 93.87 crore, up by 3.4 per cent from Rs 90.75 crore.
Total Expense in Q2-2016 at Rs 401.31 crore was 21.8 per cent more than the Rs 329.5 crore in Q2-2015 and was 8.6 per cent more than the Rs 369.45 crore in the immediate trailing quarter.
Cost of Raw materials consumed in Q2-2016 at Rs 154.5 crore was 3.6 per cent less than the Rs 160.3 crore in Q2-2015 and 0.9 per cent lower than the Rs 155.89 crore in Q1-2016.
Company speak
JPL chairman and managing director Mahendra Mohan Gupta said, “It gives me immense pleasure to report that the company has for the first time crossed the mark of Rs 500 crore in turnover in a quarter. Chasing unprofitable growth has never been our philosophy and this is where the team has done an incredible job by delivering still healthier growth in profits.”
“We are happy with acquisition of one of the two strongest FM radio networks of the country; Radio City which continues to perform on the expected lines. Phase-III auction has witnessed unrealistic bidding for metro as well as non-metro stations and I do not see the frequencies, taken at exorbitant prices, giving the return on investment. As far as we are concerned, we remained disciplined but could still manage to get what we had planned. We do not subscribe to the strategy of multiple frequency as opposed to expansion to newer markets and therefore biding for multiple frequency was never part of our plan. Besides publication and radio businesses, digital business too continues to record steep growth in revenues and occupy a prominent market position,” he said.
“With strong franchise across various media platforms, market position and operating performance duly backed by financial prudence, the company is very well poised to next level of growth and enhancing the wealth of shareholders,” added Gupta.
Brands
Hyundai Motor India rolls out nationwide AC check-up camp from April 10
Limited-period service drive offers discounts, free checks to beat summer heat
GURUGRAM: Hyundai Motor India Limited has announced a nationwide AC check-up camp, rolling out from April 10 to April 18, as temperatures climb and car cabins begin to feel the heat.
The initiative is designed to keep vehicles cool and customers comfortable, offering a mix of free inspections, discounted services and value-added benefits across Hyundai’s extensive service network in India.
As part of the limited-period campaign, customers can avail a complimentary 30-point vehicle check-up along with a free dry wash. The company is also offering a 15 per cent discount on AC servicing, including gas refills, and similar savings on wheel alignment and balancing. Key AC components such as compressors, condensers and cooling coils will be available at a 10 per cent discount, while value-added services like AC disinfectant treatments and plastic restoration also come with reduced pricing.
The camp will be hosted across authorised Hyundai workshops nationwide, allowing customers easy access to trained technicians, genuine parts and diagnostic support without the usual hassle.
Speaking on the initiative, Hyundai Motor India Limited national service head Nilesh Shah said, “At HMIL, customer satisfaction and convenience remain at the core of our service philosophy. With the onset of summer, we are pleased to introduce our nationwide AC check-up camp to ensure that our customers enjoy a comfortable and hassle-free driving experience. This initiative reflects our commitment to delivering proactive care and enhancing vehicle performance through our strong service network across India.”
With mercury levels on the rise, Hyundai’s timely service push aims to ensure drivers stay cool behind the wheel while also nudging them towards preventive maintenance, a small check today that could save a larger repair tomorrow.
