DAPS Advertising FY26 Results: Revenue up 16%, net profit rises 14%
- Revenue from operations grew 16% YoY to ₹221.7 crore in FY26
- Net profit after tax rose 14% to ₹13.5 crore; EPS increased to ₹2.62
- Outdoor media segment expanded 11.19%, while print media contributed 74% of revenue
- Short-term borrowings jumped to ₹141.4 crore due to overdraft utilization
- Board recommends ₹0.25 per share final dividend
*this image is generated using AI for illustrative purposes only.
DAPS Advertising reported a 16% year-on-year rise in revenue from operations to ₹221.7 crore for the financial year ended March 31, 2026. Net profit after tax increased 14% to ₹13.5 crore, driven by growth in its outdoor media portfolio and sustained print media demand.
Financial Performance
The Kanpur-based advertising agency saw total income reach ₹227.1 crore, up from ₹195.9 crore in the previous fiscal year. Other income contributed ₹54.4 lakh, primarily from interest on bank deposits and loans. Total expenses rose to ₹209.0 crore, reflecting higher cost of services which stood at ₹180.4 crore against revenue growth.
| Metric | FY26 | FY25 | Change |
|---|---|---|---|
| Revenue From Operations | ₹221.7 crore | ₹190.7 crore | +16.3% |
| Net Profit After Tax | ₹13.5 crore | ₹11.9 crore | +14.2% |
| Earnings Per Share (₹) | 2.62 | 2.29 | +14.4% |
Segment Growth
Print media remained the dominant revenue contributor, accounting for 73.69% of total sales at ₹16.33 crore. This segment grew by 0.57% year-on-year, supported by long-term legacy clients and government statutory advertisements. Outdoor media, including Digital Out-of-Home (DOOH) solutions, expanded by 11.19% to ₹4.98 crore, representing 22.48% of the top line. Electronic media contributed a marginal 3.83%.
Balance Sheet Signals
Short-term borrowings surged significantly to ₹141.4 crore from ₹5.7 crore in FY25, driven by the utilization of an overdraft facility for working capital requirements. Consequently, the debt-equity ratio rose sharply to 0.08% from 0.01%. Despite this, the company maintained a strong current ratio of 3.45 times, supported by cash and cash equivalents of ₹98.2 crore and trade receivables of ₹94.7 crore.
What the Numbers Show
While operational revenue grew steadily, the company's profitability structure reveals a heavy reliance on non-operating income relative to its small workforce. With only nine permanent employees excluding key managerial personnel, director remuneration alone accounted for ₹108 lakh—representing over 79% of the net profit after tax. This concentration highlights that the bottom line is disproportionately sensitive to management compensation levels compared to broader operational leverage.
Dividend and AGM
The Board of Directors recommended a final dividend of ₹0.25 per equity share, amounting to approximately ₹12.9 lakh in total payout. The 27th Annual General Meeting is scheduled for September 19, 2026, in Kanpur. Shareholders on record as of September 12, 2026, will be eligible for the dividend. The meeting will also address the reappointment of directors and changes in designation for Ms. Srishti Chaturvedi.
Historical Stock Returns for DAPS Advertising
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | +52.88% | +17.37% | -55.61% |
How will the sharp increase in short-term borrowings to ₹141.4 crore impact DAPS Advertising's interest coverage ratio and financial flexibility in FY27?
Given that director remuneration accounts for over 79% of net profit, what governance measures are in place to align executive compensation with sustainable operational growth?
Can the 11% growth in Outdoor Media (DOOH) accelerate sufficiently to offset the stagnation in the Print Media segment, which still dominates at 73% of revenue?
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