Jagran Prakashan Reports 10.1% Revenue Growth in Q2FY26, Digital Monetization Efforts Show Promise

Jagran Prakashan Limited (JPL), India's leading media conglomerate and publisher of 'Dainik Jagran', has announced its financial results for the second quarter of fiscal year 2026, showcasing resilient performance amidst evolving market dynamics.

Financial Highlights

For Q2FY26, JPL reported:

Metric	Q2FY26 (₹ Crore)	Q2FY25 (₹ Crore)	YoY Change
Operating Revenue	413.77	375.76	+10.1%
Advertisement Revenue	276.15	244.55	+12.9%
Circulation Revenue	78.43	79.87	-1.8%
Operating Profit	70.09	64.25	+9.1%
Profit Before Tax (PBT)	77.79	69.09	+12.6%
Profit After Tax (PAT)	61.73	47.37	+30.3%

The company's standalone performance showed robust growth, with operating revenue increasing by 10.1% year-over-year to ₹413.77 crore. Advertisement revenue, a key driver of growth, surged by 12.9% to ₹276.15 crore, reflecting the company's strong market position and effective monetization strategies.

Digital Initiatives and Diversification

JPL's digital revenue stood at ₹20.27 crore, slightly lower than the ₹20.69 crore reported in Q2FY25. However, the company's focus on digital monetization remains strong, with initiatives aimed at expanding its digital footprint and enhancing content offerings across vernacular markets.

The company's digital properties, operated by Jagran New Media (JNM), continue to perform well, maintaining a position among the top 15 in the news and information category with approximately 65 million unique visitors.

Segment Performance

Print Media

Dainik Jagran, the flagship brand, reported an operating revenue of ₹299.29 crore, up from ₹266.44 crore in the same quarter last year, with an improved operating margin of 23.01%.

Radio

The radio segment faced challenges with Music Broadcast Limited (MBL) reporting a decline in operating revenue to ₹37.84 crore from ₹54.83 crore in Q2FY25, resulting in an operating loss.

Strategic Focus

Jagran Prakashan is actively pursuing a strategy centered on digital monetization and advertising recovery, particularly in tier-2 and tier-3 markets. The company aims to achieve 10-12% top-line growth through:

Print advertising revival
Cost optimization measures
Strategic content expansion across vernacular markets

Outlook

Despite challenges in certain segments, JPL's overall performance demonstrates resilience and adaptability in a rapidly evolving media landscape. The company's focus on digital initiatives, coupled with its strong print presence, positions it well for future growth.

As Jagran Prakashan continues to navigate the changing media consumption patterns, its emphasis on digital monetization and content diversification is expected to drive sustainable growth in the coming quarters.

Investors and industry observers will be watching closely to see how JPL's strategies unfold, particularly in terms of balancing traditional print media with digital expansion to capture emerging opportunities in the Indian media market.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.14%	-0.07%	-1.58%	-7.08%	-15.95%	+86.86%

Jagran Prakashan Limited (JPL), one of India's leading media conglomerates, has disclosed updates on two ongoing cases before the National Company Law Tribunal (NCLT) in Allahabad. These cases involve petitions filed under Sections 241, 242, and 244 of the Companies Act, 2013, by certain promoter and promoter group members against other promoters and promoter group members of the company.

Key Developments in NCLT Proceedings

C.P. No. 64 of 2023 (Mahendra Mohan Gupta and Others v. Devendra Mohan Gupta and Others):

Senior counsel continued final submissions on behalf of Respondents No. 2 and 5.
The next hearing is scheduled for December 1, 2025.

C.P. No. 57 of 2025 (Shailendra Mohan Gupta and Others v. Jagran Media Network Investment Private Limited and Others):

The NCLT has directed respondents to file their reply before the next hearing date.
This matter is also scheduled for further hearing on December 1, 2025.

Both cases are set to be heard at 3:00 PM on the scheduled date.

Company's Stance and Future Updates

Jagran Prakashan has stated that it will provide updates only when there are material developments in the proceedings. The company's management currently does not expect any adverse impact of these matters on its financial position as of September 30, 2025, or on its future operations.

Background of the Litigation

The litigation began on July 10, 2023, when Mr. Mahendra Mohan Gupta (Non-Executive Chairman and Promoter) and Mr. Shailesh Gupta (Whole-Time Director and member of the Promoter group) filed a petition against other Promoters and Promoter Group members. During the current quarter, Shailendra Mohan Gupta (Non-Executive Director and Promoter Group member) filed a similar petition.

Management Changes

It's worth noting that Mr. Mahendra Mohan Gupta's term as managing director of the company concluded on September 30, 2023. As of now, Jagran Prakashan does not have a managing director.

Financial Implications

While the litigation is ongoing, Jagran Prakashan's financial results for Q2FY26 show resilience:

Financial Metric	Q2FY26 (₹ in crores)	Q2FY25 (₹ in crores)	YoY Change
Operating Revenue	467.36	446.51	+4.7%
Operating Profit	66.58	67.53	-1.4%
Profit Before Tax	71.14	62.34	+14.1%
Profit After Tax	56.94	41.65	+36.7%

The company's financial performance demonstrates its ability to maintain operations and growth despite the ongoing legal proceedings.

As the NCLT cases progress, stakeholders will be watching closely for any developments that could impact Jagran Prakashan's corporate governance structure or operational dynamics. The company's commitment to providing updates on material developments suggests a transparent approach to addressing these legal challenges.