Sambhaav Media Limited announced its unaudited standalone and consolidated financial results for the third quarter ended December 31, 2025, showcasing steady operational performance across its media and technology business segments. The company's Board of Directors approved these results at their meeting held on January 27, 2026.

Financial Performance Overview

The company demonstrated resilient performance in Q3FY26 with revenue from operations reaching ₹1,018.49 lakhs, compared to ₹1,014.01 lakhs in the corresponding quarter of the previous year. Total income for the quarter stood at ₹1,050.20 lakhs, including other income of ₹31.71 lakhs.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, the company reported revenue from operations of ₹2,733.60 lakhs compared to ₹2,766.52 lakhs in the corresponding period of the previous year. Net profit from continuing operations for the nine-month period was ₹37.48 lakhs against ₹128.13 lakhs in the previous year.

Strategic Investment and Corporate Development

During the quarter, Sambhaav Media executed a significant strategic move by converting its existing preference shares and compulsory convertible debentures worth ₹1,675.00 lakhs into equity shares of Gujarat News Broadcaster Private Limited (GNBPL). This conversion resulted in the company acquiring an additional 21.93% equity stake, increasing its overall shareholding in GNBPL to 36.85%, thereby making GNBPL an associate company.

Segment Performance

The company operates through two primary business segments: Media and Allied Business, and Technology and Allied Business. For Q3FY26, the Media and Allied Business segment generated revenue of ₹896.26 lakhs, while the Technology and Allied Business segment contributed ₹122.23 lakhs to standalone operations.

Consolidated Results

On a consolidated basis, the company reported revenue from operations of ₹1,128.58 lakhs for Q3FY26, compared to ₹1,117.25 lakhs in the previous year. Consolidated net profit from continuing operations was ₹21.59 lakhs for the quarter.

Regulatory and Compliance Matters

The company continues to address ongoing income tax assessment proceedings for assessment years 2018-19, 2021-22, and 2022-23, following a search operation conducted by the Income Tax Department in September 2021. The company has filed necessary responses and appeals against the notices received. The statutory auditors have issued an emphasis of matter in their review report highlighting this ongoing matter.

Sambhaav Media Limited , a prominent player in the media and entertainment sector, has reported mixed financial results for the second quarter ended September 30, 2025, while also announcing key management changes and strategic acquisition plans.

Financial Performance

For Q2 2025, Sambhaav Media reported a standalone net profit of ₹0.70 lakhs, a significant decrease from ₹26.20 lakhs in the same quarter last year. The company's revenue from operations stood at ₹900.45 lakhs, compared to ₹965.78 lakhs in Q2 2024.

For the half-year period ended September 30, 2025, the company's standalone net profit reached ₹25.87 lakhs, down from ₹103.63 lakhs in the corresponding period last year.

Management Reappointment

The Board of Directors has approved the reappointment of Manoj B. Vadodaria as Managing Director for a period of three years, effective January 28, 2026. Mr. Vadodaria, a self-made businessman, brings extensive experience and financial acumen to his role, which has been crucial in navigating the company through financial challenges and expansion plans.

Strategic Acquisition

Sambhaav Media has announced plans to increase its stake in Gujarat News Broadcasters Private Limited. The company plans to convert existing preference shares and compulsory convertible debentures (CCDs) into equity shares, which will increase Sambhaav Media's shareholding to 36.85%, making Gujarat News Broadcasters an associate company.

Key details of the acquisition include:

• Target Company: Gujarat News Broadcasters Private Limited
• Business: Operates Gujarati News TV Channel and provides broadcasting services
• Acquisition Method: Conversion of preference shares and CCDs to equity
• Conversion Price: ₹100 per share
• Additional Stake Acquired: 21.93%
• Total Shareholding Post-Acquisition: 36.85%

This strategic move is expected to enhance Sambhaav Media's presence in the television and news broadcasting segment of the media sector.

Ongoing Tax Proceedings

The company continues to face ongoing Income Tax assessment proceedings for the years 2021-22 and 2022-23. While management believes these developments are unlikely to significantly impact the company's financial position, the final outcome remains uncertain due to the nature and complexity of the matter.

Outlook

Despite the challenges reflected in the quarterly results, Sambhaav Media's strategic initiatives, including the planned acquisition and leadership continuity, indicate the company's focus on long-term growth and market positioning in the competitive media landscape.

Investors and stakeholders will be watching closely to see how these strategic moves impact the company's performance in the coming quarters, particularly in light of the evolving media consumption patterns and regulatory environment in India's broadcasting sector.