Fund raising of 60 cr! Looks like there is solid plan for expansion and coming up into new domain (as mentioned in the agm- it could be gaming vfx)

VGuard Q2FY24 Concall Summary

Anybody calculated increased capacity of ODB2 and PAP will result in how much revenue increase. I do find prices and how much they may be selling approx?

Post Q2FY2024 results of Jagran Prakashan, I find that the company performance has not improved. As per presentation of the company, performance continue to be adversely affected by limited growth in advertisement revenue and higher newsprint cost. While it expect improvement on both these factors and report improved performance during next H2FY24, I find something specific to the company which has adversely affected the performance then industry wise issue.

The rival to company in Hindi newspaper, DB Corp also reported number for Q2FY24. DB Corp continue to show superior performance due to higher advertisement revenue growth in lower newsprint cost.

Find enclosed quarterwise performance of both the companies.

In September 2022, Both DBCorp and Jagaran operating profit comparable Rs 88 cr and Rs 86 Cr respectively. In next 12 months, DB Corp Operating profit almost doubled to Rs 152 Cr same, for Jagaran declined during the period.

So, in my understanding, while the industry is doing reasonably, Jagarna Prakashan has lost market share to the peers in last 12 months. I would contribute to promoter family conflict as main factor for lackluster performance. Since, Jagaran Prakashan, was short to medium term trade (with expectation of benefit from higher ad spend in election year and lower newsprint price), I would have to exit at appropriate price. Given the family conflict situation, it is difficult for me to visualise benefit of better prospect being reflected in company performance. Hence, I have decided to exit from my holding in the company.

Disclosure: My view may be negatively biased due to my exit from the company. I am not SEBI registered advsior. I am not recommeding any investment action.

Saregama acquires majority stake in start-up Pocket Aces – The Hindu BusinessLine

““Acquiring Pocket Aces will add on a whole new dimension of IP and a distribution network of over 95 million followers, which Saregama will leverage to further popularize its music library among the 18-35 audience segment. It will also create synergies across the artiste & influencer management and long-format video creation businesses of the two companies,” the music company added.”