Key Financial Results - Consolidated (₹ in Crore)
Quarter Ended September 30, 2026 vs September 30, 2025:
- Revenue from operations: ₹580.81 vs ₹603.74 (Q2 FY26) and ₹613.94 (Q2 FY25)
- Total income: ₹614.27 vs ₹632.04 (Q2 FY26) and ₹634.67 (Q2 FY25)
- Profit before tax: ₹92.86 vs ₹134.21 (Q2 FY26) and ₹126.25 (Q2 FY25)
- Net profit: ₹68.62 vs ₹100.73 (Q2 FY26) and ₹93.46 (Q2 FY25)
- EPS (Basic): ₹3.85 vs ₹5.65 (Q2 FY26) and ₹5.24 (Q2 FY25)
- EPS (Diluted): ₹3.85 vs ₹5.65 (Q2 FY26) and ₹5.24 (Q2 FY25)
Half Year Ended September 30, 2026 vs September 30, 2025:
- Revenue from operations: ₹1,184.55 vs ₹1,173.39 (H1 FY26) and ₹1,173.86 (H1 FY25)
- Total income: ₹1,246.31 vs ₹1,221.35 (H1 FY26) and ₹1,221.91 (H1 FY25)
- Profit before tax: ₹227.07 vs ₹233.57 (H1 FY26) and ₹233.86 (H1 FY25)
- Net profit: ₹169.35 vs ₹174.01 (H1 FY26) and ₹174.30 (H1 FY25)
- EPS (Basic): ₹9.50 vs ₹9.76 (H1 FY26) and ₹9.78 (H1 FY25)
- EPS (Diluted): ₹9.50 vs ₹9.76 (H1 FY26) and ₹9.78 (H1 FY25)
Key Financial Results - Standalone (₹ in Crore)
Quarter Ended September 30, 2026:
- Revenue from operations: ₹580.81
- Total income: ₹614.24
- Profit before tax: ₹92.83
- Net profit: ₹68.59
- EPS (Basic): ₹3.85
- EPS (Diluted): ₹3.85
Half Year Ended September 30, 2026:
- Revenue from operations: ₹1,184.55
- Total income: ₹1,246.24
- Profit before tax: ₹227.00
- Net profit: ₹169.28
- EPS (Basic): ₹9.50
- EPS (Diluted): ₹9.40
Operational Highlights from Press Release
Q2 FY27 Performance (Consolidated):
- Total Revenue: ₹614 crore (Q2 FY26: ₹635 crore)
- Advertising Revenue: ₹411 crore (Q2 FY26: ₹439 crore)
- Circulation Revenue: ₹116 crore (Q2 FY26: ₹121 crore)
- EBITDA: ₹124 crore (Q2 FY26: ₹158 crore)
- Net Profit: ₹69 crore (Q2 FY26: ₹93 crore)
- Radio business revenue: ₹39 crore (Q2 FY26: ₹43 crore)
- Radio business EBITDA: ₹11 crore (Q2 FY26: ₹13 crore)
H1 FY27 Performance (Consolidated):
- Total Revenue: ₹1,246 crore (H1 FY26: ₹1,222 crore)
- Advertising Revenue: ₹843 crore (H1 FY26: ₹832 crore)
- Circulation Revenue: ₹236 crore (H1 FY26: ₹241 crore)
- EBITDA: ₹289 crore (H1 FY26: ₹297 crore)
- Net Profit: ₹169 crore (H1 FY26: ₹174 crore)
- Radio business revenue: ₹82 crore (H1 FY26: ₹82 crore)
- Radio business EBITDA: ₹26 crore (H1 FY26: ₹24 crore)
Significant Accounting and Presentation Changes
Currency Presentation Change:
Effective from Q2 and H1 ended September 30, 2026, the company changed its financial results presentation from ₹ in million to ₹ in crore. All comparative financial information has been restated accordingly.
Office Relocation Gain:
During the quarter, the company relocated its registered office and terminated the lease arrangement for the previous premises, recognizing a gain of ₹13.39 crore from derecognition/remeasurement of lease-related balances (lease liability, right-of-use asset, and security deposit). This gain has been recognized under "Other Income."
Segment Performance (Consolidated)
Printing, Publishing and Allied Business:
- Q2 FY27 Revenue: ₹541.68 crore
- Q2 FY27 Segment Results: ₹77.99 crore
- H1 FY27 Revenue: ₹1,103.34 crore
- H1 FY27 Segment Results: ₹183.42 crore
Radio Business:
- Q2 FY27 Revenue: ₹39.17 crore
- Q2 FY27 Segment Results: ₹7.40 crore
- H1 FY27 Revenue: ₹81.43 crore
- H1 FY27 Segment Results: ₹18.28 crore
Digital Business Update
- Monthly Active Users (MAUs) reached ~18 million in August 2026 across Dainik Bhaskar and Divya Bhaskar apps
- Growth from 2 million MAUs in January 2020 to 18 million in August 2026
- Ranked among highest-rated Hindi and Gujarati news apps with over 100 million downloads
- Focus on premium, original, local content and innovative interactive experiences
Strategic Initiatives and Campaigns
Editorial Initiatives:
- Investigative journalism on Maharashtra FDA crackdown
- "Hope Has No Age" masthead concept featuring inspiring stories
- Independence Day special features
- FIFA World Cup data-driven coverage
- World Heart Day health awareness
- Bihar flood relief ground reporting
- NEET-UG admission scam investigation
Digital Strategy:
- Investment in premium, original, local content
- Innovative interactive content for major news events
- Focus on investigative journalism
- Technology investment for personalized news experiences
Radio Strategy (MY FM):
- Queens Carnival Season 2 with Raveena Tandon
- Maharashtra Dialogue entrepreneurship conclave
- Babu Bhaiya comedy content property
CSR and Campaigns:
- Ek Ped Ek Zindagi environmental campaign (87+ lakh saplings planted)
- Mitti Ke Ganesh sustainable celebrations (34+ million video views)
- Jeeto 16 Crore reader engagement campaign
- Dimaag Lagao, Inaam Paao quiz-based engagement
Board Meeting Details
- Meeting held on October 15, 2026
- Commenced at 12:30 pm IST and concluded at 1:30 pm IST
- Approved unaudited financial results (standalone and consolidated)
- Approved limited review reports from auditors
- Approved press release
Auditors and Review
- Price Waterhouse Chartered Accountants LLP
- Gupta Mittal & Co
- Joint review conducted in accordance with Standard on Review Engagements (SRE) 2410
- No material misstatements identified in the financial results
Management Commentary
Mr. Sudhir Agarwal, Managing Director, stated: "We remain encouraged by the resilience of our core businesses and the strength of our established presence across markets. While below-normal monsoon conditions in parts of the country weighed on sentiment during the quarter, our deep connect with readers, trusted brands and long-standing relationships with advertisers continued to underpin our performance."
Capital Structure
- Paid-up equity share capital: ₹178.25 crore (face value of ₹10 each, fully paid)
- Other equity (consolidated): ₹2,250.56 crore as of March 31, 2026
Cash Flow Highlights (Consolidated)
- Net cash from operating activities (H1 FY27): ₹96.01 crore
- Net cash from investing activities (H1 FY27): ₹1.54 crore
- Net cash used in financing activities (H1 FY27): ₹132.35 crore
- Net decrease in cash and cash equivalents: ₹34.80 crore