S Chand And Company Limited · NSE:SCHAND
S Chand And — Q2 FY2025-26 Earnings Presentation
29 slides from S Chand And's earnings presentation, Nov 11, 2025
Slide 1: Stock exchange filing cover letter
-! =F S Chand And Company Limited Reqistered Office: A-27, 2nd Floor, Mohan Co-Operative Industrial Estate, New Delhi - 110044, India. S.CHAND P:+91 i 1 4973 1800 J F:+91 11 4973 1801 I E: info@schandgroup.com J www.schandgroup.com GROUP Date: November 11, 2025 To To Listing Department Listing Depa
Slide 2: S. Chand and Company Limited – Looking forward to the New Syllabus Implementation
S. Chand and Company Limited – Looking forward to the New Syllabus Implementation Q2 – FY2025-26 Investor Update 11th Nov 2025
Slide 3: Summary
SUMMARY 1. Key Highlights – Q2FY26 2. Consolidated Financial Performance S Chand Group Vs. Leading Comparable Pan 3. India Publishing Industry Players – Benchmarking 4. Status of Digital Business & Investments 2
Slide 4: Key Highlights – Q2FY26
——— i = | S.CHAND GROUP Key Highlights — Q2FY26 ks www.schandgroup.com _f
Slide 5: S Chand Group - Introduction
S CHAND GROUP - INTRODUCTION ✓India’s largest Education content company having pan India 86+ 4,000+ 45,000+ presence. ◼ Years of operating ◼ Channel Partners ◼ Number of history Schools covered ✓Country wide sales and distribution network driving deep market reach. 2800+ 12,500+ 1,900+ ✓State-of-art
Slide 6: Management Commentary – Q2FY26 (Managing Director)
MANAGEMENT COMMENTARY – Q2FY26 Performance Highlights, Mr. Himanshu Gupta, Managing Director: “Q2FY26 was steady quarter for the School and Higher Education segments in terms of sales on a YoY basis. Do note that the 2nd quarter is the smallest quarter in terms of revenues in the whole year. As guid
Slide 7: Management Commentary – Q2FY26 (Group CFO)
MANAGEMENT COMMENTARY – Q2FY26 Performance Highlights, Mr. Saurabh Mittal, Group CFO: “During Q2FY26, we delivered consolidated revenues of Rs493 million (Up 32% YoY), EBITDA Loss of Rs601 million and a PAT Loss of Rs536 million. For H1FY26, we delivered consolidated revenues of Rs1,520 million (Up
Slide 8: Lowest Historical Working Capital Metrics Ever
LOWEST HISTORICAL WORKING CAPITAL METRICS EVER • Lowest Q2 Inventory days in the company’s • Improved Working capital efficiency has history. translated into strong cash flows leading to continued net debt free status at the end of Q2FY26. 7
Slide 9: Net Debt Free with Controlled Inventory
NET DEBT FREE WITH CONTROLLED INVENTORY • Company continues to be net debt free. • Finished Goods inventory is at approx. same level • Net Cash position would have been higher if since Sept, 23. we had paid dividend in 2H which is the • Total Inventory has Rs469m raw material paper usual practice vs
Slide 10: Key Marketing & Promotional Activities for FY26
KEY MARKETING & PROMOTIONAL ACTIVITIES FOR FY26 Saraswati Maths Shikshak Summit – S Samman - Chand SE NSH Knowledge Bhasha Mela - Quest – S NSH Chand SE Teachers Hindi Diwas – Conclave - S Madhuban Chand SE Teachers EduVisit 2025 Conclave - – Singapore Chaaya Channel Key Partner Marketing & Printing
Slide 11: Looking Ahead – FY26
LOOKING AHEAD – FY26 Continue with Focus on CUET Content Licensing Examination (AI Datasets) deals through for content TestCoach monetization Upgrade EBITDA Focus on working margin band to capital metrics and 18%-20% for FY26 cash flows to (vs. 17%-19% last continue. year) Evaluate Inorganic FY26 Op
Slide 12: Consolidated Financial Performance
Consolidated Financial 2. Performance 11
Slide 13: Seasonal Nature of Our Business
SEASONAL NATURE OF OUR BUSINESS 15%-20% of annual revenues; 5%-10% of annual revenues; 5%-10% of annual revenues; 70% to 80% of annual Reduction in WC Reduction in WC Peak Inventory revenues; Peak Receivables Q1 April - June Q2 July - September Q3 October - December Q4 January - March o Finalisation
Slide 14: Consolidated Financial Performance – Q2FY26 Highlights
CONSOLIDATED FINANCIAL PERFORMANCE Q2FY26 Highlights 32% YoY Increase in Q2 Revenues is due to a shift in the content licensing (AI Datasets) revenues from Q1 to Q2. Decline in Gross margins % is driven by a change in the sourcing of Digital content from inhouse sources to 3rd party sources which ha
Slide 15: Consolidated Financial Performance – H1FY26 Highlights
CONSOLIDATED FINANCIAL PERFORMANCE H1FY26 Highlights Change in the sourcing of the Digital content revenues and Increased expenses lead to dip in EBITDA and profitability vs. last year. We are confident of a strong sales season on back of new syllabus books in January, 26 - March,26. 14
Slide 16: Consolidated Financial Performance
CONSOLIDATED FINANCIAL PERFORMANCE 15
Slide 17: Consolidated Financial Performance
CONSOLIDATED FINANCIAL PERFORMANCE 16
Slide 18: Solid Improvement in Working Capital Metrics
SOLID IMPROVEMENT IN WORKING CAPITAL METRICS • Working Capital Metrics • Trade Receivables increased to Rs1,611m during Q2FY26 vs. Rs1,244m at the same time last year. • In terms of receivable days, it stood at 81 days (vs. 69 days in Q2FY25). • Inventory decreased to Rs1,565m (vs Q2FY25: Rs1,818m).
Slide 19: Shareholding Structure
SHAREHOLDING STRUCTURE As of 10th November Key Institutional Investors - As Market Data % Holding Other Institutional Investors holding less 2025 of Sept 2025 than 1% - As of Sept 2025 Trust Line Holdings Market Capitalization (Rs Mn) 6,350 2.9% Miri Strategic Emerging Markets Acadian Emerging Marke
Slide 20: Concall Details
CONCALL DETAIL ra 7 — Was rr copia EA cos Picapial| smu | RR ~ ° S.CHAND We cordially invite you to the Earnings Call with Bloomberg Code: SCHAND IN | Reuters Code: SCHA.BO to discuss the Q2FY26 Results For further information, please contact Represented by Jinesh Joshi | JineshJoshi@PLindia.com | +
Slide 21: S Chand Group Vs. Leading Comparable Pan India Publishing Industry Players – Benchmarking
S Chand Group Vs. Leading Comparable Pan India Publishing Industry Players – 3. Benchmarking 20
Slide 22: S Chand Group is the largest industry player in its segment
HOW S CHAND GROUP STACKS UP VS. LEADING COMPARABLE PAN INDIA PUBLISHING INDUSTRY PLAYERS S Chand Group is the largest Industry player in its segment. Note: Industry Data is till FY24 since all competitors are unlisted and they haven’t filed FY25 financials so far. 21
Slide 23: S Chand Group has the best EBITDA Margin in the industry
HOW S CHAND GROUP STACKS UP VS. LEADING COMPARABLE PAN INDIA PUBLISHING INDUSTRY PLAYERS S Chand Group has the best EBITDA Margin (%) in the industry. Note: Industry Data is till FY24 since all competitors are unlisted and they haven’t filed FY25 financials so far. 22
Slide 24: S Chand Group has one of the strongest PAT generation in the industry
HOW S CHAND GROUP STACKS UP VS. LEADING COMPARABLE PAN INDIA PUBLISHING INDUSTRY PLAYERS S Chand Group has one of the strongest PAT generation in the industry amongst its comparable peers. Note: Industry Data is till FY24 since all competitors are unlisted and they haven’t filed FY25 financials so f
Slide 25: S Chand Group has the best receivable days metrics in the industry
HOW S CHAND GROUP STACKS UP VS. LEADING COMPARABLE PAN INDIA PUBLISHING INDUSTRY PLAYERS S Chand Group has the best receivable days metrics in the industry. Note: Industry Data is till FY24 since all competitors are unlisted and they haven’t filed FY25 financials so far. 24
Slide 26: S Chand Group has the best OCF metric in the industry
HOW S CHAND GROUP STACKS UP VS. LEADING COMPARABLE PAN INDIA PUBLISHING INDUSTRY PLAYERS S Chand Group has the best OCF metric in the industry. Note: Industry Data is till FY24 since all competitors are unlisted and they haven’t filed FY25 financials so far. 25
Slide 27: Digital Business & Investments
4. Digital Business & Investments 26
Slide 28: Investee Companies – Hidden Value in Our Balance Sheet
INVESTEE COMPANIES – HIDDEN VALUE IN OUR BALANCE SHEET • Smartivity (https://www.smartivity.in/) was founded in 2015 with focus on S.T.E.M. Learning and DIY Kits. • We have Angel funded approx. Rs20m in the company across various funding rounds. • They had a secondary market transaction recently whi
Slide 29: Disclaimer
Disclaimer This presentation and the following discussion may contain “forward looking statements” by S. Chand & Company Limited (“S. Chand” or the Company) that are not historical in nature. These forward looking statements, which may include statements relating to future results of operations, fin
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