S Chand And Company Limited — Investor Meet, 18-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

S Chand reported Q2FY26 consolidated revenues of Rs49.3 Cr, up 32% YoY, with an EBITDA Loss of Rs60.1 Cr and PAT Loss of Rs53.6 Cr. Gross margins were impacted by content licensing pricing shifts. The company is net debt-free with Rs23.5 Cr cash. Management highlighted improved working capital metrics and aims for Rs100 Cr annual operating cash flow. They've finalized a ~$1.5M international curriculum acquisition to expand into the fast-growing IB/IGCSE market. New NCERT syllabus adoption is ongoing, with full benefits expected from FY27. Despite raw material price softening, 18% GST on paper offsets gains. The tone is focused on sustainable growth and strong cash generation.