Sambhaav swings to operating profit, but remains in the red
Revenue rose +14.14% QoQ while expenses fell -2.05%, but Rs 1.16 cr of depreciation kept pre-tax profit negative.
Filed 30 Oct 2026, 12:09 IST · Sambhaav Media Ltd (SAMBHAAV)
Key takeaways
- Consolidated operating profit swung to Rs 1.41 cr QoQ as revenue rose +14.14% and expenses fell -2.05%.
- Despite the operating recovery, consolidated net loss was Rs 0.25 cr because depreciation was Rs 1.16 cr and interest was Rs 0.25 cr.
- Operating margin expanded 14.37 percentage points to 12.82%, just 0.27 percentage points below the 129-peer sector median.
Price around the results
Operating recovery from Q1 loss
Sambhaav Media's consolidated revenue grew +14.14% QoQ to Rs 10.98 cr, while expenses declined -2.05% to Rs 9.57 cr. That combination moved operating profit from a Rs 0.15 cr loss in Q1FY27 to Rs 1.41 cr profit in Q2FY27. The quarter therefore marked a sharp operating recovery, even though the company remained loss-making after below-operating-line charges.
Depreciation and negative other income erased operating profit
Depreciation rose +1.75% QoQ to Rs 1.16 cr and interest fell -16.67% to Rs 0.25 cr, leaving limited profit after operating costs. Other income was negative at Rs 0.23 cr and represented 100% of pre-tax profit in the driver breakdown, so it did not support earnings. The tax rate fell 12.07 percentage points to -10.33%, but net profit still remained negative at Rs 0.25 cr.
Margin nearly matched the reported peer median
Operating margin improved by 14.37 percentage points QoQ to 12.82% as revenue grew while expenses contracted. It was 0.27 percentage points below the 13.09% median among 129 Consumer Discretionary peers that had reported the quarter. The available quarter trend shows the margin moving up from -1.55% in Q1FY27, but does not establish a longer multi-quarter direction.
Q2FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 | Q1FY27 | QoQ |
|---|---|---|---|
| Revenue | ₹11 cr | ₹10 cr | +14.14% |
| Other income | ₹-0 cr | ₹-1 cr | +58.93% |
| Expenses | ₹10 cr | ₹10 cr | -2.05% |
| Operating profit | ₹1 cr | ₹-0 cr | — |
| Operating margin (%) | 12.82% | -1.55% | — |
| Interest | ₹0 cr | ₹0 cr | -16.67% |
| Depreciation | ₹1 cr | ₹1 cr | +1.75% |
| Profit before tax | ₹-0 cr | ₹-2 cr | +89.30% |
| Tax | ₹0 cr | ₹-0 cr | — |
| Net profit | ₹-0 cr | ₹-2 cr | +88.15% |
| EPS (₹) | ₹-0.01 | ₹-0.11 | +90.91% |
Operating margin of 12.82% compares with a Consumer Discretionary sector median of 13.09% across 129 peers that have reported Q2FY27.
What to watch
- Whether operating margin holds near 12.82% after the Q2FY27 recovery.
- Whether depreciation remains close to Rs 1.16 cr and continues to absorb operating profit.
- Whether pre-tax profit moves above the Rs 0.23 cr loss despite interest of Rs 0.25 cr.