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The company that publishes the India’s largest read daily newspaper, Jagran Prakashan Limited, has registered 9.62% hike in its operating revenues for the third quarter ended December 31, 2009. The publisher of Hindi daily Dainik Jagran has reported operating revenues of Rs. 226.91 crores for Q3FY10.

The net profit for the quarter stood at Rs 39.73 crores and the earning per share (EPS) has been recorded Rs 1.32 for Q3, FY10. The EPS marks an increase of 156.89% against the figures of corresponding period in financial year 2009. The EBIDTA margin (excluding other income) for the quarter was 28.77% as against 14.52% for the Q3 FY10.

The IRS 2009 (R2) figures have declared Dainik Jagran as the largest read newspaper in India. Advertising revenues stood at Rs 148.18 crores increasing 8.5% and circulation revenues have been reported at Rs 53.19 crores, up by 7.77%.

During the quarter three new edition of City Plus were launched at Navi Mumbai, Bangalore and Pune. On 9th January 2010, it was also launched at Hyderabed, bringing up the total of City Plus editions to 21.

The Event and Outdoor businesses of the company have shown strong standing with revenue growing from Rs.16.43 crores to Rs. 21.05 crores in Q3 FY 09, registering an impressive growth of 28.12% over corresponding quarter.

Jagran Prakashan’s web portal, http://in.jagran.yahoo.com, commonly known as Yahoo! Jagran continues to be No. 1 web portal across all Indian regional languages with more than 1.5 million unique users with nearly 75 million page views per month, says Company in a press release. The Company continues to focus on increasing its internet presence and launched its interactive blogging platform Jagran Junction.

Mr. Mahendra Mohan Gupta, Chairman and Managing Director, JPL remarks on the performance of the company’s financial outlook for the quarter, “Overall performance in third quarter was satisfactory. We expect still improved performance in coming quarters at the back of strong economic recovery."

"I am particularly pleased with the results of our Outdoor and Event Management verticals. Event management activity has recorded growth of 69% in turnover and 141% in profits. Company’s focus on internet without making huge investment has continued and it has successfully launched blogging platform in addition to videos and breaking news tickers on its news portal continues to be No.1 website across all Indian regional languages," he adds in a prepared statement.