Sandesh Posts Stellar Revenue Growth, Returning to Profitability
The Gujarati media firm reported a more than fivefold jump in quarterly revenue, swinging to a strong profit after a loss in the prior quarter.
Sandesh's first-quarter revenue surged 528% year-on-year to ₹458 crore. The company returned to profitability with a net profit of ₹99.8 crore, marking a sharp recovery.
Sandesh has delivered a blockbuster quarter, with revenue more than quintupling year-on-year and the company swinging decisively back into the black. This marks a powerful recovery from a loss-making position just three months ago, highlighting significant operational momentum for the Gujarati media group.
The numbers tell a story of dramatic expansion. Revenue for Q1 FY27 reached ₹457.8 crore, a staggering 528% increase compared to the same quarter last year and a 118% sequential jump from Q4 FY26. More importantly, the company posted a net profit of ₹99.8 crore, a 71% improvement year-on-year. This profit represents a complete reversal from the ₹34.3 crore loss reported in the preceding quarter. The net profit margin for the latest quarter stands at a healthy 21.8%.
A look at the recent trajectory shows the scale of this quarter's performance.
Revenue (₹ Cr)
Profit (₹ Cr)
Net Profit Margin (%)
| Metric | CurrentQ1 FY27 | PreviousQ4 FY26 | Same quarter LYQ1 FY26 |
|---|---|---|---|
| Period | Quarter ended June 2026 | Quarter ended March 2026 | Quarter ended June 2025 |
| Revenue (₹ Cr) | 457.78YoY +528% | 210.40 | 72.90 |
| Profit (₹ Cr) | 99.83YoY +71% | -34.27 | 58.34 |
| Net Profit Margin (%) | 21.8 | -16.3 | – |
While the latest profit margin is robust, it remains below the exceptionally high 50.9% seen in Q3 FY26, indicating the current growth phase may involve different cost dynamics. On a trailing twelve-month (TTM) basis, the net profit margin is 13.2%, with total TTM profit at ₹108.9 crore.
Key Points
- The company maintains a fortress balance sheet with zero debt and a very strong current ratio of 19.4.
- Return on Equity (RoE) for the period was 5.9%.
- The stock trades at a P/E of 10.7, a 17.4% premium to its industry peer average.
- Over the past year, the share price has declined 14.6%, contrasting sharply with the strong quarterly earnings performance announced today.
The key question for Sandesh is whether it can sustain this new, much higher revenue run-rate while managing costs to protect profitability in the coming quarters.
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· SANDESH
(BSE)
ISIN: INE583B01015
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