Publisher Jagran Prakashan Ltd posted net profit of Rs50.27 crore for the quarter ended 30 September, up 120% from the year-ago period on strong growth in ad revenues. While ad revenues were up 19.45% year-on-year at Rs171.6 crore, subscription revenues grew 15.06% y-o-y to Rs54.28 crore.

Revenues from out-of-home and event management businesses also grew 36% y-o-y to Rs16.99 crore, the company said in a statement. Total expenditure dipped marginally (1.6%) to Rs176.58 crore.

In a statement, JPL chairman Mahendra Mohan Gupta said he expected the OOH and events businesses to turn profitable during this fiscal.