Sambhaav Media Limited reported a consolidated net profit of ₹56.16 lakh for the quarter ended March 31, 2026, swinging from a net loss of ₹7.27 lakh in the same period last year, as revenue growth offset a compression in operating margins. The Ahmedabad-based media company’s Q4 results show a business stabilising at the top line while absorbing cost pressures lower down.
Q4 FY26 consolidated highlights
Consolidated revenue from operations rose to ₹1,250.78 lakh in Q4 FY26 from ₹1,088.27 lakh in Q4 FY25 — a growth of approximately 15% year-on-year. Total consolidated income for the quarter stood at ₹1,278.99 lakh against ₹1,111.89 lakh in the prior year period.
The profit turnaround is the headline number — from a loss of ₹7.27 lakh to a profit of ₹56.16 lakh — but EBITDA tells a more nuanced story. Consolidated EBITDA came in at approximately ₹110 lakh against ₹130 lakh in Q4 FY25, with EBITDA margin compressing to 8.5% from 11.6% year-on-year. Broadcasting expenses remained the dominant cost line at ₹550 lakh for the quarter — unchanged from Q3 FY26 and Q4 FY25 — indicating a fixed-cost structure that limits operating leverage even as revenues grow.
Standalone performance
On a standalone basis, Q4 FY26 net profit came in at ₹6.93 lakh, up from ₹20.01 lakh in Q4 FY25 — a decline year-on-year despite revenue growth. Standalone revenue from operations grew to ₹1,133.71 lakh from ₹978.73 lakh. The gap between standalone and consolidated performance reflects the contribution of associates, with the share of profit from associates adding ₹7.20 lakh at the consolidated level in Q4.
Full year FY26
For the full year ended March 31, 2026, consolidated revenue from operations rose to ₹4,310.08 lakh from ₹4,187.13 lakh in FY25 — growth of approximately 3% year-on-year. Full-year consolidated net profit stood at ₹8.19 lakh against ₹31.33 lakh in FY25, reflecting the margin pressure that ran through the year despite revenue resilience. Standalone full-year revenue grew more meaningfully to ₹3,867.30 lakh from ₹3,745.25 lakh, with net profit of ₹44.40 lakh against ₹146.91 lakh — a significant decline driven by higher employee costs, finance charges, and broadcasting expenses through the year.
What the numbers say about the business
Sambhaav Media’s Q4 result is a profit recovery story at the consolidated level, but the margin trajectory is the concern. Broadcasting expenses as a fixed cost consume the bulk of revenues, leaving thin operating leverage. Revenue growth is real but modest, and the gap between top-line expansion and bottom-line delivery has widened through FY26. The associate contribution provides a buffer at the consolidated level that the standalone business does not have.
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