Cyber Media Research & Services reported a consolidated net profit of ₹143.19 lakh for the quarter ended June 30, 2026, rising 35% from ₹106.27 lakh in the same period of FY25. Consolidated revenue from operations jumped 110% year-on-year to ₹4,628.64 lakh, driven by additional uplift from one-off projects that management noted was stronger than planned growth but not indicative of forward-looking trends.

The Board of Directors, at its meeting held on July 24, 2026, approved the unaudited standalone and consolidated financial results pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditor, Goel Mintri & Associates, issued limited review reports on the financial statements. The company also announced key leadership appointments, including Thomas George as Additional and Whole-Time Director for three years, subject to shareholder approval, and Preeti Gupta as Company Secretary and Compliance Officer.

Financial Performance

Consolidated income from operations reached ₹4,628.64 lakh compared to ₹2,200.87 lakh in Q1FY25. Total expenses stood at ₹4,464.13 lakh, with direct expenses accounting for ₹4,165.00 lakh. Employee benefits expense decreased slightly to ₹215.82 lakh from ₹246.08 lakh in the prior year quarter. Finance costs rose marginally to ₹18.65 lakh from ₹15.37 lakh.

Standalone net profit was reported at ₹123.91 lakh, an increase from ₹79.59 lakh in Q1FY25. Standalone revenue from operations grew 133% year-on-year to ₹3,388.63 lakh. Basic earnings per share (EPS) increased to ₹4.89 on a consolidated basis and ₹4.23 on a standalone basis, compared to ₹3.63 and ₹2.72 respectively in the previous year.

What the Numbers Show

The significant divergence between consolidated and standalone revenue highlights the growing contribution of the Singapore-based wholly-owned subsidiary, Cyber Media Services Pte. Limited. The subsidiary contributed ₹2,284.93 lakh to group revenue for the quarter, accounting for nearly half of the total consolidated top line. This structural shift underscores the company’s expanding international footprint within its digital services segment.

Corporate Developments

The National Stock Exchange of India Limited issued an Observation Letter dated June 25, 2026, conveying non-objection to the Scheme of Merger by absorption of Cyber Media Research & Services Limited into Cyber Media (India) Limited. The company is filing a first motion application with the National Company Law Tribunal (NCLT). The scheme is set to become effective from April 01, 2026, upon receipt of all necessary regulatory approvals.

Additionally, the company disclosed the statutory impact of new labour codes notified by the Government of India in November 2025. While the incremental impact of ₹50.52 lakh was recognized in FY25, it does not affect current quarter operations. The Audit Committee reviewed the financial results at its meeting on July 21, 2026.

Cyber Media Research & Services Limited has received observation letters with “No adverse observations” from BSE and “No objection” from NSE on June 25, 2026, regarding its proposed merger with Cyber Media (India) Limited. The letters, issued under Regulation 37 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enable the transferor company to file the scheme with the National Company Law Tribunal (NCLT). The validity of these observation letters is six months from the date of issuance.

The Board of Directors of Cyber Media Research & Services Limited had approved the scheme on January 24, 2026, subject to necessary regulatory approvals. The company subsequently filed the application with NSE on January 31, 2026. The exchanges stipulated that the scheme must comply with Regulation 11 of the SEBI LODR Regulations and that all liabilities of the transferor company must be transferred to the transferee company.

SEBI, via its letter dated June 25, 2026, provided specific comments requiring the companies to disclose details of ongoing adjudication, recovery proceedings, and enforcement actions against the entities, promoters, and directors before the NCLT and shareholders. The market regulator also mandated that any additional information submitted after filing the scheme must be displayed on the websites of the listed companies.

The exchanges directed that the financials considered for the valuation report should not be older than six months from the date of the stock exchange's No Objection Certificate. Furthermore, the explanatory statement sent to shareholders must include a comprehensive rationale for the merger, synergies, cost-benefit analysis, and details of the registered valuer and merchant banker issuing the fairness opinion.

Key Disclosures Required

To ensure informed decision-making by shareholders, the companies must disclose the following in the notice:

• Small explanation of the scheme and the need for the merger.
• Rationale, synergies, and impact on shareholders.
• Pre and post-scheme shareholding of Cyber Media (India) Limited and Cyber Media Research & Services Limited.
• Capital build-up and details of Revenue, PAT, and EBITDA for the last three years.
• Value of assets and liabilities being transferred and the post-amalgamation balance sheet.
• Potential benefits, risks, and financial implications for promoters and public shareholders.

The observation letters are available on the company's websites. The transferee company is advised to complete the listing of securities and commence trading within sixty days of receipt of the NCLT order. The exchanges reserved the right to withdraw their observations if any information submitted is found to be incomplete, incorrect, or misleading.