Digidrive Distributors Reports Q1 FY26 Loss Amid Revenue Decline
Digidrive Distributors Limited, part of the RP-Sanjiv Goenka Group, reported a net loss of Rs 10.00 lakhs for Q1 FY26, compared to a profit of Rs 68.00 lakhs in Q1 FY25. Standalone revenue fell 46.6% to Rs 506.00 lakhs. Consolidated results showed a loss of Rs 3.00 lakhs on revenue of Rs 959.00 lakhs, down 30.8% year-on-year. Despite operational challenges, the company reported a positive total comprehensive income of Rs 2,580.00 lakhs, mainly due to other comprehensive income of Rs 2,590.00 lakhs. The company's AGM is scheduled for September 12, 2025.
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Digidrive Distributors Limited, a part of the RP-Sanjiv Goenka Group, has reported a net loss for the first quarter of the fiscal year 2026, as the company grappled with a significant decline in revenue.
Financial Performance
The company's standalone financial results for Q1 FY26 revealed a net loss of Rs 10.00 lakhs, a stark contrast to the profit of Rs 68.00 lakhs recorded in the same quarter of the previous year. The revenue from operations saw a substantial decrease, falling to Rs 506.00 lakhs from Rs 948.00 lakhs year-on-year, marking a decline of approximately 46.6%.
On a consolidated basis, the picture remained challenging:
| Particulars (in Rs lakhs) | Q1 FY26 | Q1 FY25 | YoY Change |
|---|---|---|---|
| Revenue from Operations | 959.00 | 1386.00 | -30.8% |
| Net Profit/(Loss) | (3.00) | 136.00 | - |
The consolidated revenue decreased to Rs 959.00 lakhs from Rs 1,386.00 lakhs, while the company posted a loss of Rs 3.00 lakhs compared to a profit of Rs 136.00 lakhs in the previous year.
Segment Performance
Digidrive Distributors operates through three main segments:
- Trading
- Publication
- Investment
The trading segment, which is the company's primary revenue generator, reported a revenue of Rs 506.00 lakhs for the quarter. The publication segment, operated through its subsidiary Open Media Network Private Limited, contributed Rs 453.00 lakhs to the consolidated revenue.
Other Comprehensive Income
Despite the operational challenges, Digidrive Distributors reported a positive total comprehensive income of Rs 2,580.00 lakhs on both standalone and consolidated basis. This was primarily due to other comprehensive income of Rs 2,590.00 lakhs, which significantly offset the operational losses.
Management Approval
The Board of Directors of Digidrive Distributors Limited approved these unaudited financial results in a meeting held on August 12, 2025. The meeting, which commenced at 11:00 A.M. (IST), concluded at 11:40 A.M. (IST).
Looking Ahead
While the company faces headwinds in its core operations, the substantial other comprehensive income provides some financial cushion. Investors and stakeholders will be keenly watching how Digidrive Distributors navigates these challenges and works towards improving its operational performance in the coming quarters.
The company has scheduled its Third Annual General Meeting (AGM) for September 12, 2025, to be held virtually through video conferencing, where shareholders may gain further insights into the company's strategies and outlook.
Historical Stock Returns for Digidrive Distributors
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.40% | +0.15% | +1.98% | +12.88% | -35.64% | -66.50% |
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