ANNUAL REPORT 2019-20 JAGRAN PRAKASHAN LIMITED What's Inside
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ANNUAL REPORT 2019-20 JAGRAN PRAKASHAN LIMITED What's inside OUR STORY STATUTORY REPORTS FINANCIAL STATEMENTS 2 Winning Across Markets 30 Business Responsibility Report Standalone 4 Winning With Credible Content 38 Board's Report 104 Independent Auditor’s Report 6 Winning With Positivity 64 Report on Corporate Governance 110 Balance Sheet 8 Core Strengths 92 Management Discussion and 111 Statement of Profit and Loss 10 Corporate Identity Analysis 112 Statement of Cash Flows 12 Key Performance Indicator 103 Dividend Distribution Policy 114 Statement of Changes in Equity 14 CMD's Message 116 Notes Business Division Review Consolidated 16 Print 172 Independent Auditor’s Report 20 Radio 180 Balance Sheet 22 Digital 181 Statement of Profit and Loss 24 Out-Of-Home (OOH) and 182 Statement of Cash Flows Activation 184 Statement of Changes in Equity 26 Community Care 186 Notes 28 Recognition and Accolades 254 Statement of Subsidiaries and 29 Corporate Information Associates Trusted by millions PRINT DIGITAL RADIO OUT-OF-HOME (OOH) ACTIVATION Winning with trust We have always progressed by We see these testing times as winning and retaining the trust of all opportunities to take a long hard our stakeholders. The faith of our look at our operating mechanics and patrons, business partners, teams subsequently streamline processes, and communities inspires us to strive rationalise the cost structure and harder, think smarter and strengthen build on a strong liquidity buffer for our business model to continue doing the future. We are learning fast to what we do best, creating relevant navigate better through the COVID-19 and engaging content for diverse crisis, while looking for opportunities audiences across different market this pandemic may offer, because segments and communication media. we believe every crisis has a brighter side. Moreover, we are taking care FY 2019-20 saw our print, radio of our teams, business partners and and digital businesses manage their the communities we work with; and momentum, despite some volatility have enough liquidity to manage our along the way. The Out-of-Home operations comfortably. (OOH) and Activation businesses are still not out of the woods, but their Your trust is all that we need long-term potential continues to be robust. to thrive in the new normal. About Us Founded in 1942 by freedom fighter, Late Shri Puran Chandra Gupta, Jagran Prakashan Limited is a media conglomerate with interests spanning across printing and publication of newspapers and magazines, FM Radio, digital, outdoor advertising and promotional marketing, event management and activation businesses. The Group publishes 10 publications from 13 states in 5 different languages and has 15 digital media portals. In addition, through radio, it has operations at 39 FM stations besides web stations. The Group’s flagship brand Dainik Jagran continues to be integral to India's socio-cultural fabric and is uninterruptedly the largest read daily in India since 2003. JAGRAN PRAKASHAN LIMITED WINNING WITH TRUST WINNING ACROSS MARKETS Matters that matter most Our publications and other media platforms have always been a strong backbone to the overall business, enhancing the recall of the Jagran brand across India. From sprawling cities to small towns and hamlets, our publications and initiatives are diligently followed by millions of people, because we serve sharp, credible content and incisive analysis that builds trust and instantly strikes a responsive chord. JAL ZEHER The 13,000 textile and dyeing houses in Panipat, Haryana are responsible for releasing every day 100 Million litres of untreated waste into the open land and drains, eventually contaminating groundwater. Taps in homes spout muddy, coloured water, harmful enough to send about 200 patients per day complaining of skin allergies and gastro-intestinal problems, and over 200 cancer patients every year. Our campaign fought for citizen’s right to safe water. We highlighted the flouting of norms, and rampant misuse of water. We tested water samples and published the reports in the newspaper. We helped rally public support and roped in experts to debate solutions, and compelled authorities to take corrective measures. CAMPAIGN AGAINST BURNING PARALI When 23 Million farmers in North India burn crop residue, they release a lethal cocktail of particulate matter, carbon-dioxide, nitrogen-dioxide and sulphur-dioxide, which reduce life span by 7 years, and costs India ~US$200 Billion. Why do they burn? It’s the connivance of climate change and the cumulative effect of government policies. But farmers burning stubble are arrested and fined. HINDI HAI HUM CAMPAIGN AGAINST Is this even sustainable? Farmers are Dainik Jagran launched a platform ACID ATTACKS easy scapegoats for a wider problem. called ‘Hindi Hai Hum’ to evangelise In India over 1,000 girls are attacked They are expected to switch over to Hindi and help extend the market for with acid every year. This is despite expensive methods and machinery. Hindi publications. Our programme an order by the Supreme Court that Compelled to burn their fields, they was intended to preserve, promote and limited over-the-counter acid sales are the first victims of the smog. We build the legacy of Hindi and extend only to people over 18 years who helped farmers clear their fields without its market, inspire the next generation provided identification and a reason burning, educated them on the adverse of writers in Hindi, encourage original for the purchase. But there was no impacts of burning, got experts to writing on contemporary issues legal binding. Dainik Jagran took to the suggest alternatives, and pushed the in Hindi, and create a platform for streets to fight for the implementation of government to create farmer-friendly freewheeling discussions and debate. the law. Our campaign sought to push policies, rather than penalise them. We continued with several initiatives for banning acid sales in retail markets, The campaign succeeded in bringing like India’s 1st ever Hindi Bestsellers’ and sensitising men about the gender down instances of forest fires and list, a Hindi literary festival, a violence. Our campaign compelled the spurred affirmative government action. fellowship programme, a mentorship administration into action. programme, and so on. 2 WINNING ACROSS MARKETS OUR STORY ADHA GLASS PANI JAGRAN SANSKARSHALA JAGRAN YOUTH PARLIAMENT With increasing urbanisation and This is an endeavour to bring together A programme to advance understanding declining water table, ~40% of India’s aware, responsible and confident young of democratic governance among population won’t have access to citizens. Our campaign attempted to young citizens through simulated drinking water by 2030. Water stress improve the emotional quotient of our Parliamentary sessions. The programme is more than a hydrological issue, as future generations, expand their circle allows the youth to engage in a REPORTS STATUTORY usage is shaped by human behaviour. of concern, and create guidelines to democratic dialogue based on We believed that citizens must act with further social cooperation. We created constitutional values and interact with responsibility. It is customary in Indian an immersive campaign where content key national and local stakeholders. culture, to serve a glass of water to was read, seen, heard, institutionalised guests. Our campaign attempted to and lived. We ran a series of stories change this practice by advocating and articles related to values for serving ‘Half Glass of Water’. Along with contemporary living. These were several other measures, we enlisted the converted into comic books and into support of 1,757 restaurants to serve a video animation series as well. only half glass to all guests. FINANCIAL STATEMENTS FINANCIAL 15 Million litres Over1.4 Million ~500 youth Water saved and Children reached From 10 cities selected identified potential to save across India for participation ~100 Million litres annually HAR VOTE KUCH KEHTA HAI JAGRAN FILM FESTIVAL JHARKHAND DEMANDS The country is divided into 543 In a cluttered newspaper market, we CULTURE, PROSPERITY AND constituencies with each electing a organised a film festival to interact DEVELOPMENT leader to represent it in the Parliament. with new audiences and present a India’s 104 Million tribal people Every constituency had its own issues different side of Dainik Jagran to the represent the world’s largest indigenous to address, but political parties talked world. The festival was positioned as population. They often face eviction of ‘One Nation One Manifesto’. They ‘Good cinema belongs to everyone’. It without appropriate rehabilitation were agenda-led, and with coalition was an integrated marketing campaign and uncertainty of livelihoods. Their compulsions driven compromises, the that reached out to 300 Million endemic culture faces an assault issues of local constituencies were people through a mix of digital and too. Our campaign dared to ask the left far behind. Our campaign ‘Every conventional media and topped the question ‘Development yes, but at vote says something’ stressed that brand awareness charts. what cost?’ In solidarity with citizens each vote is a voice, and this voice and the afflicted population we fought cannot be ignored. for preserving their lands, culture, and their very identity. 229 300 Million Constituencies received People reached through the citizen’s charters with issues 10th Jagran Film Festival to be addressed by locally elected representatives for participation 3 JAGRAN PRAKASHAN LIMITED WINNING WITH TRUST WINNING WITH CREDIBLE CONTENT Smarter ways to engage India is gradually turning into a digital society; and interestingly, 2020 saw more internet users in rural India than its sub-urban and urban counterparts. Over the years, we have witnessed sustainable growth in our digital assets, and have progressively expanded our digital offerings to reach out and connect with more people. The future potential of our digital About 90% of internet users are their PR representative. A variety of business can be gauged from the non-English speakers, who often fall tools like image recognition and sun- fact that in Q4 of FY 2019-20 and into the trap of fake information.