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Covid-19 impact: Jagran Prakashan reports Q1 net loss of Rs 44.31 cr

The company had posted a profit after tax of Rs 65.75 crore during the April-June period a year ago, Jagran Prakashan Ltd (JPL) said in a BSE filing.

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Revenue from 'printing, publishing and digital' stood at Rs 174.26 crore, compared to Rs 482.28 crore in the corresponding period of the preceding fiscal

Press Trust of India New Delhi

Jagran Prakashan Ltd, the publisher of Hindi daily Dainik Jagran, on Friday reported a consolidated loss after tax of Rs 44.31 crore for the quarter ended June 2020.

The company had posted a profit after tax of Rs 65.75 crore during the April-June period a year ago, Jagran Prakashan Ltd (JPL) said in a BSE filing.

Total income dropped 65.23 per cent to Rs 204.49 crore during the quarter under review, as against Rs 588.28 crore earlier.

JPL's total expenses stood at Rs 265.34 crore, down 45.61 per cent from Rs 487.93 crore in Q1 FY20.

JPL Chairman and Managing Director M M Gupta