Approval and Review Process

The results were reviewed by the Audit Committee and approved by the Board of Directors at meetings held on August 10, 2026. Limited review reports were issued by Walker Chandiok & Co LLP (Firm Registration No. 001076N/N500013) with unmodified opinion for both standalone and consolidated results.

Standalone Financial Results (₹ millions)

Quarter Ended June 30, 2026:

  • Revenue from operations: ₹443.61
  • Total income: ₹443.61
  • Total expenses: ₹533.81
  • Loss before tax: ₹(90.20)
  • Tax expenses: ₹(62.42) [Current tax: ₹14.79, Tax relating to earlier years: ₹(5.63), Deferred tax: ₹(16.68)]
  • Loss for the period: ₹(27.78)
  • Total comprehensive loss: ₹(27.67)
  • Paid-up equity share capital: ₹176.36 (face value ₹5 each)

Comparative Figures:

  • Q1 FY2026 (June 30, 2025): Loss of ₹44.46 million before tax, loss of ₹90.23 million after tax
  • FY2026 (March 31, 2026): Profit of ₹624.01 million before tax, profit of ₹452.36 million after tax

Consolidated Financial Results (₹ millions)

Quarter Ended June 30, 2026:

  • Revenue from operations: ₹1,145.48
  • Other income: ₹39.26
  • Total income: ₹1,184.74
  • Total expenses: ₹1,375.23
  • Loss before exceptional items and tax: ₹(190.49)
  • Loss before tax: ₹(190.49) [No exceptional items in current quarter]
  • Tax expenses: ₹(3.19) [Current tax: ₹(4.53), Tax relating to earlier years: ₹(0.41), Deferred tax: ₹1.75]
  • Loss for the period: ₹(187.30)
  • Total comprehensive loss: ₹(193.03)
  • Loss attributable to equity holders of parent: ₹(178.98)
  • Loss attributable to non-controlling interests: ₹(8.32)
  • Paid-up equity share capital: ₹176.36 (face value ₹5 each)
  • Other equity: Not available
  • Basic and diluted EPS: ₹(5.07)

Comparative Figures:

  • Q1 FY2026 (June 30, 2025): Loss of ₹182.17 million before tax, loss of ₹140.66 million after tax
  • FY2026 (March 31, 2026): Profit of ₹2,287.67 million before tax, profit of ₹1,694.94 million after tax

Subsidiaries Included in Consolidation

The consolidated results include 11 subsidiaries:

1. Vikas Publishing House Private Limited

2. Chhaya Prakashani Limited

3. New Saraswati House (India) Private Limited

4. Safari Digital Education Initiatives Private Limited

5. BPI (India) Private Limited

6. Edutor Technologies India Private Limited

7. S. Chand Edutech Private Limited

8. Indian Progressive Publishing Co Private Limited

9. Convergia Digital Education Private Limited

10. Shri Shyamlal Printing Press Private Limited

11. CPD Singapore Education Services Pte. Ltd. (w.e.f. January 29, 2026)

Auditor's Scope Limitation

For 9 subsidiaries representing total revenues of ₹530.21 million and total net loss after tax of ₹25.32 million for the quarter, the auditors relied on review reports from other auditors.

Key Notes to Financial Results

1. Seasonality: The business experiences higher sales in January-March due to academic sessions starting in April, with lower revenue in other quarters.

2. Exceptional Items: During previous year ended March 31, 2026, the Group recognized an additional provision of ₹32.55 million related to implementation of four Labour Codes effective November 21, 2025.

3. Tax Regime Change: The company intends to opt for lower tax regime under Section 1158AA of Income-tax Act, 1961 from FY 2026-27, and deferred tax has been recalculated accordingly.

4. Investment Diminution: During Q4 FY2026, the company recorded diminution in carrying value of investments in subsidiaries amounting to ₹55.25 million.

Availability of Results

The results are available on the company's website (www.schandgroup.com) and on BSE and NSE websites.