Views on Jagran Prakashan 4QFY2014 results - Angel Broking

Views of Mr. Amit Patil (Research Analyst – Media) on Jagran Prakashan 4QFY2014 results:

"For 4QFY2014, Jagran posted 14.2% yoy growth in top-line to Rs. 392cr, primarily on account of strong double-digit growth in advertising revenues. Advertising revenue grew by 16.8% yoy to Rs. 292cr while Circulation revenue grew by Rs. 11.7% yoy to Rs. 89cr on like-to-like basis. On the EBITDA front, the company's margin expanded by 458bp yoy to 20.3%. Operating margin expansion as well as higher other income led to 51.1% yoy growth in profit to Rs. 58cr. We recommend Buy on the stock with a target price of Rs. 140."

Shares of JAGRAN PRAKASHAN LTD. was last trading in BSE at Rs.122 as compared to the previous close of Rs. 118.95. The total number of shares traded during the day was 11158 in over 308 trades.

The stock hit an intraday high of Rs. 122.4 and intraday low of 117.35. The net turnover during the day was Rs. 1350452.

Source : Equity Bulls

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