Jagran Prakashan Ltd. reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported total income from operations of INR 3,489.019 million, profit from operations before other income, finance cost and exceptional items of INR 745.302 million, profit from ordinary activities before tax of INR 658.681 million, net profit for the period of INR 658.681 million or INR 2.08 per diluted share after extraordinary items compared to the total income from operations of INR 3,240.347 million, profit from operations before other income, finance cost and exceptional items of INR 686.052 million, profit from ordinary activities before tax of INR 599.974 million, net profit for the period of INR 413.025 million or INR 1.31 per diluted share after extraordinary items for the same quarter year ago. For the nine months period, the company reported total income from operations of INR 9,885.278 million, profit from operations before other income, finance cost and exceptional items of INR 2,026.397 million, profit from ordinary activities before tax of INR 1,910.385 million, net profit for the period of INR 1,910.385 million or INR 6.04 per diluted share after extraordinary items compared to the total income from operations of INR 9,340.899 million, profit from operations before other income, finance cost and exceptional items of INR 1,993.002 million, profit from ordinary activities before tax of INR 1,961.811 million, net profit for the period of INR 1,367.974 million or INR 4.33 per diluted share after extraordinary items for the same period year ago. Gross debt was roughly about INR 4,300 million and net debt of INR 2,300 million.

Jagran Prakashan Limited announced that due to other pre-occupation Mr. Kishore Biyani, Independent Director of the company resigns from the Board of directors of the company with effect from January 31, 2013. Further, Mr. Anuj Puri and Mr. Dilip Cherian are appointed as the non-executive Independent Additional Directors of the company with effect from January 31, 2013.

Jagran Prakashan Ltd, Q3 2013 Earnings Call, Feb 01, 2013