New Delhi, May 23: S Chand Publishing, India’s education content and book publisher, today announced its financial results for the fourth quarter and the financial year ended March 31, 2026, reporting robust growth in revenue, profitability, and cash generation, alongside a strategic international expansion.
Key Highlights – FY26
- Consolidated Revenue: ₹7,987 million
- EBITDA: ₹1,449 million
- PAT: ₹731 million (up 21% YoY)
- EBITDA Margin: 18.1% (within guided range of 18%–20%)
- Operating Income: ₹861 million (vs ₹798 million in FY25)
- Operating Cash Flow: ₹747 million
- Net Cash Position: ₹1,048 million (Net debt-free status maintained)
- Interim Dividend: ₹4 per share proposed
First International Acquisition – CPD Singapore
During FY26, S Chand Group completed the acquisition of 100% ownership of CPD Singapore Education Services Pte. Limited in January 2026. This marks the company’s first international acquisition in the K–12 education segment.
CPD Singapore is a publisher of supplementary educational content aligned with Singapore, IGCSE (A Level and O Level), and IB curricula for the K–12 segment. The acquisition strengthens S Chand’s product portfolio and enhances its curriculum capabilities across India and Asia, positioning the company for growth in high-demand international education segments.
Strong Financial Position; Net Debt-Free Status Maintained
The company continues to maintain a strong balance sheet and healthy cash generation. Net cash stood at ₹1,048 million as of FY26 (compared to ₹1,036 million in Q4FY25). S Chand aims to remain net debt-free for at least three quarters of the financial year, supported by disciplined financial management and strong operational cash flows.
Improved Working Capital Metrics
S Chand reported sustained improvement in working capital metrics over the past five years, which are now firmly embedded into its operating structure, reflecting consistent efficiency gains and financial discipline.
Management Commentary
Mr. Himanshu Gupta, Managing Director, S Chand and Company Limited, said:
“The FY26 sales season was steady, with both old and new syllabus books being adopted across schools for the new academic year. Looking ahead, we remain optimistic about FY27, supported by curriculum updates for Classes K–12 and CBSE’s recent announcements regarding new syllabus rollouts for senior classes.”
He added that FY27–FY28 is expected to witness full adoption of new syllabus books across the K–12 segment, supporting sustained growth over the next two years.
He further highlighted the strategic importance of the CPD Singapore acquisition, which strengthens curriculum capabilities across India and Asia and enhances the company’s presence in international education markets.
He reiterated that S Chand continues to remain net debt-free, driven by strong working capital management and consistent financial discipline.
Financial Performance Highlights
Mr. Saurabh Mittal, Group CFO, S Chand and Company Limited, said:
“FY26 was a strong year for the company, with consolidated revenues of ₹7,987 million, EBITDA of ₹1,449 million, and PAT of ₹731 million, reflecting 21% YoY growth in profit. EBITDA margin stood at 18.1%, within our guided range.”
He added that the strong performance was supported by robust Q4 results, with revenue up 16% YoY, EBITDA up 21% YoY, and PAT up 20% YoY.
The company generated operating cash flows of ₹747 million during FY26 and proposed an interim dividend of ₹4 per share. It maintained a net cash position of ₹1,048 million at year-end.
Content licensing revenues grew over 60% to ₹318 million, with expectations of crossing ₹400 million in FY27, driven by expanding client partnerships and diversified requirements.
He emphasized that strong liquidity, disciplined execution, and operational excellence continue to be central to the company’s long-term value creation strategy.