S Chand & Company Limited, a key player in the Indian education publishing sector, has reported its financial results for the quarter ended September 30, 2025. The company's performance shows a significant increase in losses compared to the same period last year.

Financial Performance

Key financial highlights for the quarter include:

• Standalone loss of ₹243.50 million, compared to a loss of ₹67.88 million in the same quarter last year
• Consolidated loss of ₹355.37 million, up from ₹152.75 million in the previous year's quarter
• Total standalone revenue from operations declined to ₹347.61 million from ₹507.38 million year-over-year
• Consolidated revenue decreased to ₹517.83 million from ₹705.23 million

Financial Summary Table

Board Approval and Audit Opinion

The company's Board of Directors approved these unaudited financial results on November 11, 2025. The auditors issued an unmodified opinion on both standalone and consolidated results, indicating that the financial statements are presented fairly and in accordance with the applicable accounting standards.

Industry Context

The education publishing industry often experiences seasonality, with higher sales volumes typically occurring from January to March, aligning with the academic session starting in April. The reported quarter, falling outside this peak period, may partially explain the lower revenues.

Company Outlook

S Chand & Company Limited continues to operate in a crucial sector of India's education system. The company's future performance may depend on its ability to adapt to changing educational needs, digital transformation in the publishing industry, and overall economic conditions affecting the education sector.

Investors and stakeholders will likely be watching closely to see how the company strategizes to improve its financial position in the coming quarters.

S Chand & Company Limited has announced a significant business restructuring move involving its wholly-owned subsidiary, Vikas Publishing House Private Limited. The company has approved the sale of Vikas Publishing's printing business to Shri Shyamlal Printing Press Private Limited (SSPPPL), a step-down subsidiary of S Chand, in a slump sale agreement valued at Rs 53.00 crores.

Transaction Details

The sale involves the transfer of Vikas Publishing's printing business as a going concern, excluding land and building. The transaction is structured as follows:

• Total consideration: Rs 53.00 crores
• Payment structure:
  • Rs 23.00 crores through normal banking channels
  • Rs 30.00 crores via subscription to 3,000 Compulsory Convertible Debentures (CCDs) of SSPPPL, with a face value of Rs 1,00,000 each

Financial Impact

The printing business being divested represents a significant portion of Vikas Publishing's operations:

Corporate Structure and Compliance

This transaction is classified as a related party transaction, given that both entities involved are subsidiaries of S Chand & Company Limited. However, the company has emphasized that the deal is conducted at arm's length, based on an independent valuation report.

Regulatory Compliance

The transaction has been disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. S Chand has informed the BSE Limited and the National Stock Exchange of India Ltd about this development, ensuring transparency in its corporate actions.

Strategic Implications

While the specific strategic rationale for the sale has not been detailed in the disclosure, such restructuring moves are often aimed at streamlining operations, improving efficiency, or reallocating resources within a corporate group. The impact of this transaction on S Chand's overall business strategy and financial performance will likely become clearer in subsequent financial reports and corporate communications.

Investors and stakeholders of S Chand & Company Limited will be keen to observe how this restructuring affects the company's operational efficiency and financial performance in the coming quarters.