Digidrive Distributors Ltd

Financial highlights

• Standalone revenue from operations: 2,749.66 Lakhs; down from 2,784.17.
• Total income (Standalone): 3,762.00 Lakhs; up from 3,580.15.
• EBITDA (Standalone): 901.00 Lakhs; margin 33%.
• PAT (Standalone): 664.36 Lakhs; margin 24%.
• Consolidated revenue: 4,614.79 Lakhs; total income 5,678.20.
• Consolidated PAT: 537.96 Lakhs.
• Dividend not declared for FY2025-26.
• Net debt: negative Rs 195.95 Lakhs; debt-free.
• Current ratio: 6.21x; liquidity favorable.
• OMNPL is a material subsidiary; 100% owned.

Operations and segments

• Two reportable segments: Trading and Publication.
• External revenue: Trading 2,749.66; Publication 1,865.13; total 4,614.79 (FY25-26).
• 2024-25 external revenue: 2,784.17 (Trading) and 2,194.29 (Publication).
• Major customers exceed 10% of revenue; two customers contributed Rs 2,419.11.
• Carvaan lineup includes Digital Audio Player, Music Bar, Mini, Mobile.
• Domestic revenue dominates; international contributions minimal.
• Carvaan library: 250 to 5,000 evergreen songs; multi-language.

Dividends and capital allocation

• Dividend declared for FY2025-26: none.
• Dividend Distribution Policy available on company website.
• Demerger completed: Saregama E-commerce Distribution and OMNPL moved to Digidrive.
• Demerger gain recorded: Rs 3,560.66 Lakhs; adjusted to Capital Reserve.
• Strategic emphasis on governance-led capital allocation.

Capital structure and liquidity

• Company remains debt-free; net debt to equity nil.
• Net debt: -195.95 Lakhs; cash & cash equivalents 283.25 Lakhs.
• Other bank balances: 253.00 Lakhs; total liquidity comfortably funded.
• Equity share capital unchanged at 3,856.19 Lakhs; holding 54.04% by CSPL.
• No borrowings; risk profile favorable given liquidity.

Related party transactions

• Material RPT with Saregama India Limited; purchases, rent, other charges.
• Aggregate cap: Rs 100 Crore per financial year (FY2026-31).
• FY2025-26 value with Saregama: Rs 2716.15 Lakhs; purchases Rs 2660.73 Lakhs.
• Other related parties include RPSG Resources (royalty) and Tinnevelly Tuticorin (rental).
• Remuneration to KMP and sitting fees disclosed; arms-length and ordinary course.

Subsidiaries and governance

• Open Media Network Private Limited (OMNPL) is a material, wholly owned subsidiary.
• Saregama is a fellow subsidiary; disclosed as related party.
• Board: six directors; independent board with four meetings in FY26.
• Audit Committee, Nomination & Remuneration Committee, Stakeholders' Relationship and Risk Management Committee in place.
• Statutory auditors: Vidya & Co; Secretarial: Kamana Goenka; no qualifications.

Outlook and strategic focus

• Optimistic about India’s expanding digital economy; opportunities in omnichannel and platform-enabled retail.
• Focus on expanding Carvaan distribution; scale through technology-driven efficiencies.
• Invest in AI, automation, and analytics to improve customer experience and operations.
• Target Tier II/III markets; build scalable platforms aligned to digital commerce evolution.

Consolidated results

• Revenue from operations Rs 1,024 lakhs; Total Income Rs 1,051 lakhs.
• PAT after tax Rs 27 lakhs; EPS Rs 0.07.
• Segments: Trading Rs 543L, Publication Rs 481L, Investment Rs 0.
• Profit before tax Rs 36 lakhs; Tax Rs 9 lakhs.
• Audit: Limited Review unmodified.
• Period: Quarter ended 30 June 2026; results approved Aug 12, 2026.
• Subsidiary: Open Media Network Private Limited included in consolidation.

Standalone results

• Standalone total income Rs 569 lakhs; total expenses Rs 596 lakhs.
• Standalone PBT Rs -27 lakhs; PAT Rs -36 lakhs.
• EPS Rs -0.10.
• Board approved standalone results on Aug 12, 2026; Limited Review by Vidya & Co.
• Labour Codes impact: Rs 4 lakh exceptional item in standalone year ended 31 Mar 2026.
• Open Media Network Private Limited is a subsidiary.
• Labour Codes impact: Rs 66 lakh (quarter) and Rs 70 lakh (year) as consolidated exceptional items.
• Audit: Vidya & Co issued unmodified opinions.

Dematerialisation status

• No dematerialisation/rematerialisation requests were received during the period.
• All securities are held in dematerialised form.

Financial Performance 📊

• Board approved unaudited standalone and consolidated financial results for Q3 and nine months ended Dec 31, 2025.
• Standalone nine-month total income: Rs. 3,063 lakhs; profit before tax: Rs. 897 lakhs; profit after tax: Rs. 669 lakhs.
• Consolidated nine-month total income: Rs. 4,648 lakhs; profit before tax: Rs. 965 lakhs; profit after tax: Rs. 737 lakhs.
• Earnings per share (basic) for nine months: standalone Rs. 1.75, consolidated Rs. 1.91 (face value Rs. 10 each).
• Exceptional item of Rs. 4 lakhs recognized due to incremental impact of new Labour Codes on wage definition.
• Subsidiary Open Media Network Private Limited Q3 revenue Rs. 423 lakhs; net loss Rs. 48 lakhs included in consolidated results.

Segment Reporting & Governance 📍

• Segment reporting revised effective March 31, 2025: standalone segments are Trading and Investment; consolidated segments are Trading, Publication, and Investment.
• No material misstatements or qualifications reported by statutory auditors in limited review reports.
• Board meeting held on February 6, 2026; results reviewed by Audit Committee prior to approval.

Regulatory & Compliance ⚠️

• Company continues to monitor regulatory developments related to Labour Codes for further accounting impact.

Financial Performance

• Standalone Q3 FY26 revenue from operations: Rs 750 lakhs, down 8.1% QoQ, up 4% YoY.
• Standalone Q3 FY26 total income: Rs 1,693 lakhs, up 102.6% QoQ, 129% YoY.
• Standalone Q3 FY26 PBT: Rs 895 lakhs, up from Rs 3 lakhs QoQ and Rs (9) lakhs YoY.
• Standalone Q3 FY26 PAT: Rs 619 lakhs, up from Rs 60 lakhs QoQ and Rs (9) lakhs YoY.
• Consolidated Q3 FY26 revenue from operations: Rs 1,173 lakhs, down 22.6% QoQ, up 2.6% YoY.
• Consolidated Q3 FY26 total income: Rs 2,116 lakhs, up 36.9% QoQ, 45% YoY.
• Consolidated Q3 FY26 PBT: Rs 848 lakhs, up from Rs 120 lakhs QoQ and Rs 122 lakhs YoY.
• Consolidated Q3 FY26 PAT: Rs 572 lakhs, up from Rs 175 lakhs QoQ and Rs 120 lakhs YoY.
• Standalone 9M FY26 revenue from operations: Rs 2,072 lakhs, down 10.8% YoY.
• Standalone 9M FY26 total income: Rs 3,063 lakhs, up 27.6% YoY.
• Standalone 9M FY26 PBT: Rs 897 lakhs, up 739% YoY.
• Standalone 9M FY26 PAT: Rs 669 lakhs, up 95.9% YoY.
• Consolidated 9M FY26 revenue from operations: Rs 3,647 lakhs, down 7.3% YoY.
• Consolidated 9M FY26 total income: Rs 4,648 lakhs, up 15.6% YoY.
• Consolidated 9M FY26 PBT: Rs 965 lakhs, up 204% YoY.
• Consolidated 9M FY26 PAT: Rs 737 lakhs, up 162% YoY.
• Standalone Q3 FY26 basic EPS: Rs 1.61 vs Rs 0.13 QoQ and Rs (6.03) YoY.
• Standalone 9M FY26 basic EPS: Rs 1.75, up from Rs 0.18 YoY.
• Consolidated Q3 FY26 basic EPS: Rs 1.48 vs Rs 0.45 QoQ and Rs 0.31 YoY.
• Consolidated 9M FY26 basic EPS: Rs 1.91, up from Rs 0.73 YoY.
• Exceptional item of Rs 4 lakhs recognized in Q3 and 9M FY26 due to Labour Code wage definition changes.

Segment Performance & Assets

• Standalone Q3 FY26 segment revenue: Trading Rs 750 lakhs; Investment Rs 7 lakhs.
• Standalone Q3 FY26 segment profit: Trading Rs 3 lakhs; Investment Rs 940 lakhs.
• Standalone segment assets as of Dec 31, 2025: Trading Rs 855 lakhs; Investment Rs 30,428 lakhs.
• Standalone segment liabilities as of Dec 31, 2025: Trading Rs 192 lakhs; Investment nil.
• Consolidated Q3 FY26 segment revenue: Trading Rs 750 lakhs; Publication Rs 423 lakhs; Investment nil.
• Consolidated Q3 FY26 segment results: Trading Rs 3 lakhs; Publication loss Rs 46 lakhs; Investment Rs 940 lakhs.
• Consolidated segment assets as of Dec 31, 2025: Trading Rs 855 lakhs; Publication Rs 847 lakhs; Investment Rs 30,428 lakhs.
• Consolidated segment liabilities as of Dec 31, 2025: Trading Rs 192 lakhs; Publication Rs 419 lakhs; Investment nil.
• Subsidiary Open Media Network Pvt Ltd contributed Rs 423 lakhs revenue and Rs (48) lakhs net loss in Q3 FY26.

Corporate & Regulatory Notes ️️

• Results prepared under Ind AS 34, reviewed by statutory auditors with unmodified opinion.
• Operating segments revised from FY25: Standalone - Trading and Investment; Consolidated - Trading, Publication, Investment.
• Labour Code regulatory changes caused Rs 4 lakhs exceptional expense; ongoing monitoring for further impact.
• Unallocable corporate assets mainly cash and investments; unallocable expenses include common services and interest income.

Business Model & Segments

• Digidrive Distributors Limited operates in trading, investment, and publication segments via subsidiary.

🗓️ Meeting Details

• Board meeting scheduled for February 6, 2026.

📊 Financial Results

• Consider and approve unaudited standalone and consolidated financial results for Q3 and nine months ended December 31, 2025.