S Chand reports strong Q2, net cash balance grows

S Chand And Company Limited reported consolidated revenues of Rs493 million for Q2FY26, a 32% year-over-year increase. Despite an EBITDA loss of Rs601 million and a PAT loss of Rs536 million, the company ended the quarter net debt-free with a net cash balance of Rs235 million, up from Rs93 million in Q2FY25. This was achieved despite a dividend payment of Rs141 million in H1.

The company's content licensing (AI Datasets) revenues shifted from Q1 to Q2, leading to increased billing in this segment compared to the previous year. Although gross margins percentage reduced due to lower pricing in AI Datasets, volumes improved, with H1FY26 content licensing revenues at Rs142 million (vs. Rs160 million in H1FY25). S Chand is actively working to make this a steady business by increasing its customer base from two to four.

S Chand also announced the finalization of an acquisition in the international curriculum space, valued at approximately $1.5 million, expected to be completed in Q3. The company aims to expand its catalogue offering and address gaps in non-core textbook and international school segments through such strategic initiatives.