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Diligent Media Corporation Q2 FY27 results: net profit ₹0.14 crore vs ₹0.67 crore loss, revenue down 46.1%
Diligent Media Corporation Limited reported standalone revenue of ₹1.45 crore in Q2 FY27, down from ₹2.69 crore in Q2 FY26 and ₹1.72 crore in Q1 FY27. The company posted a net profit of ₹0.14 crore and basic EPS of ₹0.01, after reporting a net loss of ₹0.67 crore in the year-ago quarter.
Key points
- Q2 FY27 revenue was ₹1.45 crore, down 46.1% from ₹2.69 crore in Q2 FY26 and down 15.7% from ₹1.72 crore in Q1 FY27.
- EBITDA was a loss of ₹0.08 crore, with an EBITDA margin of -5.2%, compared with a loss of ₹0.64 crore and a margin of -23.8% in Q2 FY26.
- Profit before tax was ₹0.14 crore, compared with a loss of ₹0.63 crore in Q2 FY26; net profit was ₹0.14 crore and basic EPS was ₹0.01.
- H1 FY27 revenue was ₹3.17 crore, down 8.9% from ₹3.48 crore in H1 FY26, while net profit was ₹0.54 crore against a net loss of ₹2.55 crore.
- The limited review report contained a qualified conclusion, a material uncertainty relating to going concern, and an emphasis-of-matter signal.
How did Diligent Media Corporation perform in Q2 FY27?
Diligent Media Corporation’s standalone revenue from operations was ₹1.45 crore in the July–September 2026 quarter, down 46.1% from ₹2.69 crore in Q2 FY26 and 15.7% from ₹1.72 crore in Q1 FY27. Total income was ₹1.71 crore, compared with ₹2.75 crore in Q2 FY26 and ₹1.77 crore in Q1 FY27. The company has only one identifiable business segment, digital media.
The company reported an EBITDA loss of ₹0.08 crore and an EBITDA margin of -5.2%, compared with an EBITDA loss of ₹0.64 crore and a margin of -23.8% in Q2 FY26. In Q1 FY27, EBITDA was ₹0.39 crore and the margin was 22.5%. Profit before tax was ₹0.14 crore, against a loss of ₹0.63 crore a year earlier and ₹0.40 crore in the previous quarter.
Net profit was ₹0.14 crore and basic EPS was ₹0.01. Diligent Media Corporation reported a net loss of ₹0.67 crore and basic EPS of -₹0.06 in Q2 FY26; net profit in Q1 FY27 was ₹0.40 crore and basic EPS was ₹0.03. These are standalone figures.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 1.45 | 1.72 | 2.69 | −46.1% | −15.7% |
| Other income | 0.26 | 0.06 | 0.06 | +333.3% | +333.3% |
| Total expenses | 1.57 | 1.37 | 3.38 | −53.6% | +14.6% |
| EBITDA | −0.08 | 0.39 | −0.64 | turned to loss | |
| EBITDA margin | -5.2% | 22.5% | -23.8% | +18.6 pp | −27.7 pp |
| Profit before tax | 0.14 | 0.40 | −0.63 | turned to profit | −65.0% |
| Tax | 0 | 0 | 0.04 | ||
| Net profit | 0.14 | 0.40 | −0.67 | turned to profit | −65.0% |
| EPS (₹) | 0.01 | 0.03 | −0.06 | turned to profit | −66.7% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Diligent Media Corporation's costs and profit?
Total expenses were ₹1.57 crore in Q2 FY27, down ₹1.81 crore or 53.6% from ₹3.38 crore in Q2 FY26. Employee cost fell by ₹0.07 crore or 7.5% to ₹0.86 crore, while other expenses fell by ₹1.73 crore or 72.1% to ₹0.67 crore. Depreciation declined by ₹0.01 crore to ₹0 crore, while finance costs were unchanged at ₹0.04 crore. There was no exceptional item.
Other income rose by ₹0.20 crore or 333.3% to ₹0.26 crore from ₹0.06 crore in Q2 FY26. Tax expense fell by ₹0.04 crore to ₹0 crore from ₹0.04 crore. The figures show lower expenses and higher other income supporting the move from a loss before tax to ₹0.14 crore, while the filing does not state the reasons for these changes.
Against Q1 FY27, total expenses rose by ₹0.20 crore or 14.6% to ₹1.57 crore. Employee cost increased by ₹0.06 crore or 7.5% to ₹0.86 crore and other expenses rose by ₹0.14 crore or 26.4% to ₹0.67 crore. Other income increased by ₹0.20 crore to ₹0.26 crore, finance costs and tax were unchanged, and there was no exceptional item.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 0.86 | 0.93 | −0.07 | −7.5% |
| Finance costs | 0.04 | 0.04 | 0 | +0.0% |
| Depreciation | 0 | 0.01 | −0.01 | |
| Other expenses | 0.67 | 2.40 | −1.73 | −72.1% |
| Total expenses | 1.57 | 3.38 | −1.81 | −53.6% |
| Other income | 0.26 | 0.06 | +0.20 | +333.3% |
| Tax | 0 | 0.04 | −0.04 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, revenue was ₹3.17 crore, down ₹0.31 crore or 8.9% from ₹3.48 crore in H1 FY26. Total income was ₹3.49 crore, down ₹0.06 crore or 1.7% from ₹3.55 crore. Other income increased to ₹0.26 crore from ₹0.06 crore, while total expenses fell by ₹1.81 crore or 53.6% to ₹1.57 crore.
Profit before tax was ₹0.54 crore, compared with a loss of ₹2.53 crore in H1 FY26. Net profit was ₹0.54 crore against a net loss of ₹2.55 crore, while basic EPS was ₹0.04 compared with -₹0.22. The company’s results were prepared on a going-concern basis, subject to the matters described in the auditor’s report.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 3.17 | 3.48 | −8.9% |
| Profit before tax | 0.54 | −2.53 | turned to profit |
| Net profit | 0.54 | −2.55 | turned to profit |
| EPS (₹) | 0.04 | −0.22 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹191.43 crore, compared with ₹190.86 crore at 31 March 2026. Total equity remained negative at -₹252.05 crore against -₹252.59 crore, while borrowings were unchanged at ₹436.27 crore. Cash fell to ₹0.16 crore from ₹0.36 crore, trade receivables rose to ₹9.66 crore from ₹9.05 crore, and trade payables fell to ₹1.67 crore from ₹1.9 crore.
H1 FY27 operating cash flow was -₹0.19 crore, compared with -₹1.36 crore in H1 FY26. Investing cash flow was ₹0 crore against ₹0.6 crore, and financing cash flow was -₹0 crore in both periods. Capital expenditure was ₹0 crore in both H1 FY27 and H1 FY26.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 191.43 | 190.86 |
| Total equity | −252.05 | −252.59 |
| Borrowings | 436.27 | 436.27 |
| Cash and equivalents | 0.16 | 0.36 |
| Inventories | 0 | 0 |
| Trade receivables | 9.66 | 9.05 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −0.19 | −1.36 |
| Cash from investing | 0 | 0.60 |
| Cash from financing | 0 | 0 |
| Capital expenditure | 0 | 0 |
Source: Company's results filing (XBRL).
How has Diligent Media Corporation done over the last 8 quarters?
Quarterly revenue peaked at ₹5.66 crore in Q4 FY25 and was lowest at ₹0.79 crore in Q1 FY26. Since then, revenue moved from ₹1.62 crore in Q4 FY26 to ₹1.72 crore in Q1 FY27 before falling to ₹1.45 crore in Q2 FY27.
Net profit peaked at ₹3.98 crore in Q4 FY25 and bottomed at a net loss of ₹6.02 crore in Q4 FY26. It subsequently rose to ₹0.4 crore in Q1 FY27 before falling to ₹0.14 crore in Q2 FY27. The EBITDA margin moved from 22.5% in Q1 FY27 to -5.2% in Q2 FY27.
What else did the company announce?
The board re-appointed Nagendra Bhandari as Whole Time Director designated as Executive Director – Finance for 3 consecutive years, effective from 10 July 2026 to 9 July 2029, subject to shareholder approval. The filing also proposed his re-appointment through a postal ballot.
The board elevated Anshu J Singh, Senior Manager – DNA; Yogender Kumar, Deputy Editor Web Desk; and Akual Chawla, Manager – Legal, as Senior Management Personnel with effect from 3 November 2026. It also issued a postal-ballot notice seeking shareholder approval for Aanchal David’s appointment as an Independent Director for 5 consecutive years. The same-day filing did not mention a dividend or fund raise.
What did the auditors point out?
MGB & Co. LLP issued a limited review report with modified opinion and did not express an audit opinion. In the Basis for Qualified Conclusion, it said the outstanding inter-corporate deposits granted to Veena Investments Private Limited were Rs 17,340.27 lakhs at 30 September 2026, including accrued interest up to 31 December 2024 of Rs 1,385.27 lakhs. It also noted the related 6% non-cumulative, non-convertible, redeemable preference shares and the arbitration matter.
Under Material Uncertainty Relating to Going Concern, the auditors said the company had negative net worth at 30 September 2026 and that its ability to continue as a going concern depended significantly on improved profitability and sufficient cash flows from planned cost rationalisation. They said these conditions and the arbitration outcome indicated a material uncertainty that could cast significant doubt on the company’s ability to continue as a going concern.
How did Diligent Media Corporation shares react?
Diligent Media Corporation’s stock rose 7.4% on the reaction day from its pre-results close of ₹2.17 and was up 6.0% cumulatively by the next day’s close. The Media industry’s median move was 1.3% on the reaction day, giving the company an excess move of 6.1 percentage points; by the next day, the excess move was 2.5 percentage points against the industry median of 3.4%.
Earlier result-day reactions were mostly negative: the stock fell 3.7% on 13 August 2026, 2.0% on 28 May 2026, 3.2% on 11 February 2026 and 3.5% on 14 November 2025. It also fell 5.9% on 30 July 2025, 2.7% on 27 May 2025 and 12.9% on 13 February 2025; the only positive move in the earlier series was 4.3% on 14 November 2024.
| After the filing | Stock | Media median |
|---|---|---|
| Reaction day | +7.4% | +1.3% |
| Next day | +6.0% | +3.4% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 13 August 2026 | −3.7% |
| 28 May 2026 | −2.0% |
| 11 February 2026 | −3.2% |
| 14 November 2025 | −3.5% |
| 30 July 2025 | −5.9% |
| 27 May 2025 | −2.7% |
| 13 February 2025 | −12.9% |
| 14 November 2024 | +4.3% |
Source: MarketPing price-reaction measurement.
Quick answers
What was Diligent Media Corporation's revenue in Q2 FY27?
Revenue from operations was ₹1.45 crore, down 46.1% from ₹2.69 crore in Q2 FY26 (standalone).
Did Diligent Media Corporation make a profit in Q2 FY27?
Yes. Net profit was ₹0.14 crore, against a net loss of ₹0.67 crore in Q2 FY26.
What was Diligent Media Corporation's EPS in Q2 FY27?
Basic earnings per share were ₹0.01, against a loss of ₹0.06 in Q2 FY26.
How did Diligent Media Corporation shares react to the Q2 FY27 results?
On the reaction day the stock moved +7.4% from the previous close; the median Media stock moved +1.3%.
When did Diligent Media Corporation announce its Q2 FY27 results?
On 3 November 2026, in a filing to the NSE.
Sources
- Board Meeting Intimation for Consideration And Approval Of Financial Results For Second Quarter And Half Year Ended September 30, 2026 (BSE, 13 October 2026) · PDF
- Outcome of Board Meeting (NSE, 3 November 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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