Jagran Prakashan Ltd Q4 FY 2021 Result
Jagran Prakashan Ltd has come up with q4 result for FY 2021,it has reported 6-7 times jump in profit. at Rs.39.90 crore for q4 FY2021 on YoY basis. Last year profit was Rs 5.72 crore in q4 FY20.
Jagran Prakashan Share Buyback
Jagran Prakashan Ltd has also inforemd exchanges that it has done buyback of 1,74,20,000 shares. Buyback of amount Rs. 118 crore.
Link to download q4 FY2021 result:- https://www.bseindia.com/xml-data/corpfiling/AttachHis/1a3ed380-c5ff-4f13-8dc4-12fe27d0d835.pdf
Link to download Share Buyback letter:- https://www.bseindia.com/xml-data/corpfiling/AttachHis/1f16be0c-aa11-459b-8858-5c3d464010fe.pdf
Q4 Result Synopsis
|
CONSOLIDATED |
Amount in Crore Except per Share Data |
||||
|
|
Quarter Ended |
Year Ended |
|||
|
|
31.03.2021 |
31.12.2021 |
31.03.2020 |
31.03.2021 |
31.03.2020 |
|
Total Income |
416.12 |
421.01 |
449.63 |
1341.20 |
2129.95 |
|
Total Expenses |
357.58 |
313.63 |
436.66 |
1223.63 |
1843.79 |
|
Profit |
39.90 |
77.07 |
5.72 |
84.72 |
277.18 |
|
Earnings Per Share |
1.34 |
2.77 |
0.39 |
3.16 |
9.32 |
|
Debt Equity Ratio |
|
|
|
0.10 |
0.09 |
|
Debt Service Coverage Ratio |
|
|
|
4.04 |
3.02 |
Result Analysis
Here it is very important to watch that company has done good job in Q4 as it has increased his profit 6-7 times as compared to last year profit, for same quarter.
Businesses across the globe has got impact due to COVID19. Jagran is also not an exception. Jagran management is trying hard to achieve revenue and profit of their pre covid era.
It seems company Promoter are very confident that they are following right path to achieve pre covid (EPS). Thats why they have increased share holding in company. December 2019 promoter share holding was 62.10% which increased to 65.02 in March 2020 and further it has increased to 65.78%in March 2021.
BUYBACK done by the company is good step. it will decrease total no of shares hence E.P.S. will increase for the same profit.
Company has very less debt which is very good, DEBT/ EQUITY ratio for the company is 0.10. Debt service coverage ratio is 4.04 which is in favor of company performance.
Please comment about your views on Jagran Prakashan Result. Is it worth for long term Investment? Jagran Prakashan share price will move upward or not?
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