Jagran Prakashan grew its revenues by 29 percent to Rs2 billion (€35 million) in the third quarter of 2007, compared to the same period the year prior.

The Indian publisher, partly owned by Independent News & Media, also grew margins in both circulation and advertising revenue, bringing in a 47 percent increase over 2006, a net profit of Rs259.3 million, the Irish Independent reported Wednesday.

Jagran publishes Hindi language newspaper Dainik Jagran, the most widely read daily in India and the wider world, according to the Independent. Most of the publisher's circulation gains were due to Dainik Jagran, followed by a newspaper it launched last year, I-Next. The new paper has been released in several major cities, such as Agra, Allahabad and Varanasi, and in some places has become the second most popular newspaper following Dainik Jagran, the Independent reported.

Driven by increases in ad sales and rates, ad revenue for the publisher increased by 29 percent, according to the report.