Sambhaav Media LimitedQ2 FY27 Results & Financial Update

Sambhaav Media Limited: Q2 FY27 consolidated results and company financials – revenue ₹10.98 Cr, PAT ₹-0.25 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: SAMBHAAVPublished 30 Oct 2026Updated 30 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹10.98 CrReported Q2 FY27
Profit after tax₹-0.25 CrReported Q2 FY27
Sequential change+88.1%Quarter-on-quarter

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Quarterly Results AnalysisExplore Sambhaav Media Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

Sambhaav Media Limited reported consolidated revenue from operations of INR 10.98 crore for the second quarter of fiscal 2027, marking an increase compared to INR 9.62 crore in the preceding first quarter. Total consolidated income reached INR 11.27 crore, supported by INR 0.28 crore in other income.

02

Despite top-line expansion, the company posted a consolidated net loss (PAT) of INR 0.25 crore for Q2 FY27, which represents a narrowing compared to the net loss of INR 2.11 crore recorded in Q1 FY27. Profit before tax (PBT) stood at INR 0.28 crore for the quarter, recovering from a PBT loss of INR 2.15 crore in the prior quarter.

03

The bottom-line performance was impacted by associate-level losses. The company reported a substantial share of net loss from its associate, Gujarat News Broadcasters Private Limited, amounting to INR 0.51 crore for the quarter, which weighed on consolidated pre-tax results.

04

Total quarterly expenses on a consolidated basis stood at INR 11.20 crore. Major expense lines included broadcasting expenses at INR 3.50 crore, other expenses at INR 5.48 crore, employee benefits expenses at INR 1.04 crore, depreciation and amortisation at INR 1.14 crore, and finance costs at INR 0.30 crore.

05

Segment results indicate contrasting operational dynamics. The Media and Allied Services segment generated revenue of INR 7.80 crore with a segment result of INR 0.79 crore, recovering from a segment loss in Q1 FY27. Meanwhile, the Technology and Allied Services segment contributed revenue of INR 3.18 crore with a segment result of INR 0.09 crore.

06

Basic and diluted earnings per share (EPS) for the quarter came in at negative INR 0.01, compared to negative INR 0.11 in the preceding quarter. The financial results were reviewed by the Audit Committee and approved by the Board of Directors on October 30, 2026, with the statutory auditors issuing an unmodified limited review report.

01 · Business model

What does Sambhaav Media do?

Sambhaav Media Limited is an established media and technology enterprise headquartered in Ahmedabad, Gujarat. The company operates primarily through two segments: Media and Allied Services, which encompasses print media, audio-visual media, and related dissemination activities, and Technology and Allied Services.

The company manages various publishing and broadcasting media assets and leverages custom enterprise resource planning (ERP) software solutions alongside technology service offerings. Its operating model integrates traditional publishing distribution with digital and allied tech services across regional markets.

Consolidated operations include its subsidiary, Ved Technoserve Private Limited, and its associate company, Gujarat News Broadcasters Private Limited, reflecting a broader footprint in regional media and content delivery.

02 · Historical context

What shaped the business before this quarter

Segment Evolution

The company previously established its operational structure around two core reportable operating segments—Media and Allied Services and Technology and Allied Services—derived from management information systems and customized ERP software.

03 · Financial snapshot

Current quarter vs the available comparable

MetricQ2 FY27Previous quarter
Revenue from operations₹10.98 Cr₹9.62 Cr
Total income₹11.27 Cr₹9.96 Cr
Profit before tax₹0.28 Cr₹-2.15 Cr
Profit after tax₹-0.25 Cr₹-2.11 Cr
EPS₹-0.01₹-0.11

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented -2.3% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.

Pre-tax earnings

Profit before tax was equivalent to 2.6% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.

Operating revenue versus total income

Total income exceeded operating revenue by ₹0.28 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.

Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.

04 · Why it moved

Why the quarter looked the way it did

What drove revenue

Quarterly Topline Growth

Consolidated revenue from operations rose to INR 10.98 crore in Q2 FY27 from INR 9.62 crore in Q1 FY27, reflecting sequential top-line momentum across operating divisions.

Segment Contributions

Media and Allied Services generated INR 7.80 crore in revenue, while Technology and Allied Services contributed INR 3.18 crore during the quarter.

Other Income Support

Total income was further bolstered by INR 0.28 crore of other income, bringing total consolidated income to INR 11.27 crore.

What drove margins

Broadcasting Cost Stability

Broadcasting expenses remained constant at INR 3.50 crore for the quarter, matching the level seen in the preceding period.

Operating Cost Pressures

Other expenses formed the largest cost component at INR 5.48 crore, while employee benefits and depreciation stood at INR 1.04 crore and INR 1.14 crore respectively.

Associate Impact on Bottom Line

Consolidated profitability was restricted by a share of net loss from associates of INR 0.51 crore, pulling consolidated PAT into a negative INR 0.25 crore despite a positive standalone net profit.

05 · Segments, products & geography

Which parts of the business are doing the work

Segments and products

Media and Allied Services

Reported segment revenue of INR 7.80 crore and a positive segment result of INR 0.79 crore for Q2 FY27, rebounding from a segment loss of INR 0.61 crore in Q1 FY27.

Technology and Allied Services

Contributed segment revenue of INR 3.18 crore and a segment result of INR 0.09 crore for the quarter, maintaining steady operational contributions.

06 · Reported developments

What changed operationally

Sequential Revenue and PBT Recovery

Consolidated revenue from operations increased to INR 10.98 crore in Q2 FY27 from INR 9.62 crore in Q1 FY27, and PBT recovered from a loss of INR 2.15 crore in Q1 to a positive INR 0.28 crore.

Media Segment Turnaround

The Media and Allied Services segment returned to profitability with a segment result of INR 0.79 crore in Q2 FY27, compared to a segment loss of INR 0.61 crore in Q1 FY27.

07 · Pressure points & risks

What is not going smoothly

Consolidated Net Loss

Despite operational recovery at the standalone level, the consolidated entity registered a net loss of INR 0.25 crore for Q2 FY27, driven largely by associate-level losses.

08 · Items worth noticing

The line items that can distort a quick read

Associate Share of Loss

Consolidated results include a significant one-line share of net loss from associate of INR 0.51 crore for the quarter.

09 · Cash flow & balance sheet

Profit is one thing. Cash and funding tell another part of the story.

Operating cash flow₹-336.14 CrH1 FY27
Capital expenditure₹-26.71 CrH1 FY27
Free cash flow₹-362.85 CrH1 FY27
Operating Cash Flow

For the half year ended September 30, 2026, the company recorded net cash outflow from operating activities of INR 336.14 crore on a consolidated basis, influenced by working capital adjustments including changes in trade receivables and loans/advances.

Investing and Financing Cash Flows

Consolidated net cash used in investing activities stood at INR 0.58 crore for the half-year period, while net cash generated from financing activities reached INR 0.97 crore.

Capital allocation & funding

Borrowings and Lease Liabilities

As of September 30, 2026, consolidated current borrowings stood at INR 233.70 crore, alongside lease liabilities of INR 0.50 crore current and INR 3.75 crore non-current.

10 · Beyond the numbers

What changed beyond the numbers

Reported update

Auditor Review

Statutory auditors Dhirubhai Shah & Co LLP issued an unmodified limited review report on the standalone and consolidated financial results for Q2 FY27.

11 · Previous-quarter changes

What changed since the previous quarter

Sequential Revenue Expansion

Consolidated revenue grew by 14.17% quarter-on-quarter from INR 9.62 crore in Q1 FY27 to INR 10.98 crore in Q2 FY27.

Loss Narrowing

Consolidated net loss narrowed significantly from INR 2.11 crore in Q1 FY27 to INR 0.25 crore in Q2 FY27.

12 · Key Q&A

The quarter, answered directly

What does Sambhaav Media do?

Sambhaav Media Limited is an established media and technology enterprise headquartered in Ahmedabad, Gujarat. The company operates primarily through two segments: Media and Allied Services, which encompasses print media, audio-visual media, and related dissemination activities, and Technology and Allied Services.

What is the clearest takeaway from Q2 FY27?

Sambhaav Media Limited reported consolidated revenue from operations of INR 10.98 crore for the second quarter of fiscal 2027, marking an increase compared to INR 9.62 crore in the preceding first quarter. Total consolidated income reached INR 11.27 crore, supported by INR 0.28 crore in other income.

What drove revenue or demand?

Consolidated revenue from operations rose to INR 10.98 crore in Q2 FY27 from INR 9.62 crore in Q1 FY27, reflecting sequential top-line momentum across operating divisions.

What mattered most for margins or profitability?

Broadcasting expenses remained constant at INR 3.50 crore for the quarter, matching the level seen in the preceding period.

What changed operationally beyond the headline numbers?

Statutory auditors Dhirubhai Shah & Co LLP issued an unmodified limited review report on the standalone and consolidated financial results for Q2 FY27.

What are the main pressure points disclosed for the quarter?

Despite operational recovery at the standalone level, the consolidated entity registered a net loss of INR 0.25 crore for Q2 FY27, driven largely by associate-level losses.

13 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

Build your own next-quarter scenario

Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.

Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%

The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

14 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Associate Performance: Monitor the financial trajectory and loss-reduction progress of associate entity Gujarat News Broadcasters Private Limited to assess future impact on consolidated earnings.

  2. 02

    Segment Margin Trajectory: Track the sustainability of margin recovery in the Media and Allied Services segment and top-line growth in the Technology and Allied Services division.

Learn the metrics

Need the concepts first?

Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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