S Chand & Company , a leading educational content provider, has reported a strong 32% year-on-year revenue growth to Rs 493.00 million in the second quarter of fiscal year 2026. The company's performance highlights its resilience in a traditionally slow quarter for the education sector.

Financial Highlights

Despite the revenue growth, S Chand reported an EBITDA loss of Rs 60.00 million and a PAT loss of Rs 53.00 million for Q2 FY26. However, the company maintained its net debt-free status, ending the quarter with a healthy cash balance of Rs 235.00 million.

Strategic Expansion into International Curriculum

S Chand is finalizing a US$1.50 million acquisition in the international curriculum space. The company expects to complete this acquisition in the third quarter of FY26.

Mr. Himanshu Gupta, Managing Director of S Chand, commented on the strategic importance of this acquisition: "This opens a new vertical for us, which we are currently not addressing. There are over a thousand international curriculum schools in India, growing very fast, and we currently have no products for that segment."

The acquisition aims to tap into the growing market of International Baccalaureate (IB) and IGCSE schools in India and neighboring countries. This move could potentially expand S Chand's reach in the Middle East and South Asian markets, where there is a significant presence of international curriculum schools.

New Education Policy and Curriculum Changes

S Chand is poised to benefit from the ongoing implementation of the New Education Policy and changes in the NCERT curriculum. The company expects full adoption of new NCERT syllabus books across K-12 classes by FY27.

Mr. Gupta explained, "The NCERT curriculum is being launched in a staggered manner. After the release of these books, we might see better benefits in the coming years."

Digital Initiatives and Content Licensing

The company continues to make strides in its digital initiatives. While the digital segment contributes a smaller portion to overall revenue, it offers higher margins and positive cash flow. S Chand is also expanding its content licensing business for AI datasets, with plans to increase its client base from two to four this year.

Looking Ahead

S Chand maintains a cautious but optimistic outlook. The company is focusing on sustainable growth and cash generation, aiming to continue its track record of generating approximately Rs 1,000.00 million in operating cash flow annually.

As the education sector evolves with new policies and digital transformation, S Chand appears well-positioned to capitalize on these changes while maintaining financial prudence.

S Chand & Company , a leading educational content company, has unveiled its financial projections for fiscal year 2026, outlining ambitious growth targets and strategic initiatives to enhance its market position.

Financial Projections

The company has set a revenue target of ₹670.00 crore for FY26, representing a 9% year-over-year growth. Alongside this top-line expansion, S Chand aims to achieve an EBITDA margin of 21%, indicating a focus on profitability alongside growth.

Strategic Initiatives

To drive this growth, S Chand plans to expand its EdTech and digital content offerings through its 'S Chand Advance' platform. This move aligns with the increasing digitalization in the education sector and may help the company capture a larger share of the evolving market.

The company also intends to pursue strategic acquisitions in the K-12 and skill learning segments. This approach could potentially broaden S Chand's product portfolio and market reach, contributing to its revenue growth objectives.

Operational Efficiency

S Chand is focusing on margin expansion through supply-chain digitization and improved print efficiency. These operational improvements are expected to contribute to the company's targeted EBITDA margin of 21%.

Financial Health

The company anticipates generating strong cash flow and reducing debt levels, which could strengthen its financial position. This aligns with the company's recent financial performance, as evidenced in its Q2 FY26 results.

According to the unaudited consolidated financial results for the quarter ended September 30, 2025:

While the company reported a higher revenue in Q2 FY26 compared to the same period last year, it also recorded a slightly increased net loss. However, it's important to note that S Chand's business is subject to seasonal trends, with higher book sales typically occurring in the January to March period.

Market Position

As of September 30, 2025, S Chand maintained a strong market presence with total assets of ₹11,568.51 crore and a total equity of ₹9,089.86 crore. The company's focus on digital initiatives and strategic acquisitions appears aimed at reinforcing its position in the evolving educational content market.

S Chand's projections for FY26 reflect its ambition to grow in a changing educational landscape. The company's focus on digital expansion, strategic acquisitions, and operational efficiency improvements will be key factors to watch as it works towards its financial targets.