Jagran Prakashan aims revenue growth of about 13-14 percent for FY15.
I expect around 2-3 percent bump maybe next year
RK Agarwal
CFO
Jagran Prakashan
RK Agarwal, CFO, Jagran Prakashan expects improvement in ad growth in the range of about 12-13 percent for FY14. He, however, does not see margins improving in this quarter as compared to Q3 but expects them to do better by atleast 200 basis points in 2014-2015.
Jagran Prakashan aims revenue growth of about 13-14 percent for FY15.
Also Read: Elections may push up ad revenues in Q4: Zee Ent
Below is RK Agarwal's interview with Ekta Batra and Reema Tendulkar of CNBC-TV18.
Ekta: What incremental upside do you expect from elections in terms of print revenues coming for Jagran and would Q4 of this fiscal and Q1 of FY15 show an incremental upside on advertising revenues because of that?
A: General elections are beneficial for us, no doubt about that. As far as bump is concerned, I expect around 2-3 percent bump maybe next year.
Reema: In FY15 with this election increasing your ad revenues by about 2-3 percent, what could be the ad rate growth in FY15?
A: Current year, which is ending in next one month, is far better than previous year. We will improve our ad growth rate which is going to be in the range of about 12-13 percent for the current year.
Ekta: What about the margins? You did 24 percent in the previous quarter, how much better can you do in this quarter in particular?
A: In this particular quarter our margins may not be better than Q3. However, going forward, in 2014-2015 we expect margins to be better by at least 200 basis points.
Reema: What could be the revenue growth expectations for FY15?
A: Revenue growth should be in the range of about 13-14 percent.
JagranPrakashan stock price
On February 24, 2014, Jagran Prakashan closed at Rs 88.30, up Rs 0.95, or 1.09 percent. The 52-week high of the share was Rs 103.55 and the 52-week low was Rs 77.90.
The company's trailing 12-month (TTM) EPS was at Rs 6.43 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 13.73. The latest book value of the company is Rs 27.71 per share. At current value, the price-to-book value of the company is 3.19.
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