S Chand reports Rs 18.73 cr Q1 loss as expenses exceed revenue
The operating loss came as expenses outpaced revenue, while management pointed to content licensing and new curriculum adoption as growth areas.
Filed 10 Aug 2026, 17:18 IST · after market close · SCHAND (SCHAND)
Key takeaways
- Consolidated Q1FY27 ended with a net loss of Rs 18.73 cr and EPS of Rs -5.07.
- Expenses of Rs 124.22 cr exceeded revenue of Rs 114.55 cr, producing an operating loss of Rs 9.67 cr and an operating margin of -8.44%.
- Management said content licensing revenue reached Rs 91m and expects growth acceleration in the segment in the coming quarters.
Revenue did not cover the cost base
Consolidated revenue of Rs 114.55 cr fell short of expenses of Rs 124.22 cr, resulting in an operating loss of Rs 9.67 cr. The School Education segment was described by management as strong, and the company said refreshed curriculum businesses received multiple repeat orders. That commentary did not offset the overall cost gap in the quarter.
Paper costs remain a stated pressure
Management said it expects higher paper prices and longer shipping timelines for imported paper, adding pressure to the cost base. Other income of Rs 3.93 cr provided some offset, but profit before tax was still a loss of Rs 19.05 cr. The Rs -0.32 cr tax line reduced the loss to Rs 18.73 cr, with the reported tax rate at 1.67%.
Licensing and international curriculum are the growth focus
The company reported Rs 91m of content licensing revenue in Q1FY27, and management said it expects growth acceleration in that segment in the coming quarters. Management also said it expects full adoption of the new syllabus books in FY27. It said the CPD Singapore acquisition is intended to drive the K-12 international board business, while schools being added across South East Asia, the Middle East and India are expected to help the international curriculum segment scale.
Results were filed after market close
The consolidated results were filed at 17:18 IST on 10 Aug 2026, after market close. The immediate market response is not covered in this update.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹115 cr |
| Other income | ₹4 cr |
| Expenses | ₹124 cr |
| Operating profit | ₹-10 cr |
| Operating margin (%) | -8.44% |
| Interest | ₹3 cr |
| Depreciation | ₹10 cr |
| Profit before tax | ₹-19 cr |
| Tax | ₹-0 cr |
| Net profit | ₹-19 cr |
| EPS (₹) | ₹-5.07 |
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
This quarter
- The School Education segment had a strong Q1FY27.
- The company generated Rs91m in content licensing revenue during the quarter.
Guidance & outlook
- The company expects growth acceleration in its content licensing segment in the coming quarters.
- The company expects full adoption of the new syllabus books in FY27.
Expansion
- The CPD Singapore acquisition is intended to drive the company’s K-12 international board business.
- The company expects its international curriculum segment to scale as schools are added across several regions.
New orders
- The refreshed curriculum businesses received multiple repeat orders from across the country.
New initiatives
- The company is focusing on content licensing deals involving AI datasets for content monetization.
Problems & risks
- The company expects higher paper prices and longer shipping timelines for imported paper.
What to watch
- Whether operating margin improves from -8.44% amid the paper-cost and imported-paper shipping issues management flagged.
- Whether content licensing revenue builds on Rs 91m reported in Q1FY27.
- Updates on the full adoption of the new syllabus books in FY27 and the international curriculum expansion described by management.