What was S Chand's revenue in Q3 FY26?

S Chand reported revenue of ₹99 Cr in Q3 FY26, a — change year-over-year.

Did S Chand management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

S Chand Q3 FY26 Research Workspace: Revenue ₹99 Cr (—)

Q: What guidance did S Chand management give?

FY26 revenue target of ₹800 crore+: Management reiterated full-year operating revenue guidance of ₹800 crore+, with confidence in achieving it despite Q3 shortfall.

Revenue ₹99 Cr

EBITDA —

PAT ₹-29 Cr

EBITDA Margin —

Duration 33 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

S Chand reported Q3 FY26 consolidated revenue of ₹99 crore and a PAT loss of ₹28.87 crore, with revenue impacted by syllabus revision shifting sales to Q4. Management reiterated full-year guidance of ₹800 crore+ revenue and 18-20% EBITDA margin, expressing high confidence despite the need for a strong Q4. Key drivers include the NCERT syllabus change rollout (classes 4,5,7,8 now available), AI data content licensing revenues targeting ₹30 crore+ for FY26 (vs ₹19.5 crore in FY25), and the acquisition of CPD Singapore to enter the international curriculum market. Working capital improved to lowest Q3 inventory days (316) and net working capital (143 days). Risks include delayed physical availability of NCERT books and potential competition from NCERT's in-house printing push.

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Research workspace

Focused Modules

!Risks 4 risks

Risk Intelligence

NCERT in-house printing and circular

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Quarter Snapshot

AI data content licensing revenue (9M FY26) ₹17.1 crore

+42% YoY

9M FY26 vs ₹19.5 crore in 9M FY25; full-year target ₹30 crore+.

Inventory days (Q3) 316 days

-50 days YoY

Lowest Q3 inventory days in company history, down from 366 days in Q3 FY25.

Net working capital days (Q3) 143 days

-9 days YoY

Improved from 152 days in Q3 FY25, reflecting better working capital management.

Employee count 1,900+

flat

Includes ~700 sales, ~200 editorial, ~600 printing/warehousing; CPD Singapore adds 8.

Fast read

Guidance and risk preview

Top guidance FY26 revenue target of ₹800 crore+

Management reiterated full-year operating revenue guidance of ₹800 crore+, with confidence in achieving it despite Q3 shortfall.

Top risk NCERT in-house printing and circular

NCERT's push for in-house printing and direction to schools to use NCERT books could impact private publishers' sales, though management believes p...