Cyber Media Research & Services Limited Q2 Revenue at ₹88.27 Crore

Cyber Media Research & Services Limited reported consolidated revenue from operations of ₹88.27 crore and profit after tax of ₹2.62 crore for Q2 FY27, while its board declared an interim dividend of ₹2 per equity share. The quarterly result also followed progress in the proposed merger with Cyber Media (India) Limited.

What did Cyber Media Research & Services Limited report for Q2 FY27?

Cyber Media Research & Services Limited, referred to as CMRSL, reported consolidated revenue from operations of ₹88.27 crore for the quarter ended September 30, 2026. Total income was ₹88.72 crore, while profit before tax stood at ₹3.32 crore and profit after tax was ₹2.62 crore.

The board approved the unaudited financial results on October 26, 2026. The statutory auditor issued limited review reports, with no qualifications disclosed in the cover brief. The company subsequently shared an investor conference call audio recording on November 2, 2026.

How did Q2 FY27 compare with the previous quarter?

CMRSL's Q2 FY27 revenue was lower than the ₹146.29 crore reported in Q1 FY27, while PAT declined from ₹3.81 crore in the preceding quarter. The reported sequential moderation follows a comparatively strong first quarter.

The financial notes said performance in both Q1 and Q2 was stronger than planned growth because of additional uplift from one-off projects. CMRSL cautioned that these projects should not be treated as forward-looking run rates. This disclosure is important when assessing the sustainability of the revenue levels recorded in the first half of FY27.

The company reported total expenses of ₹85.39 crore for the quarter. Direct expenses were ₹78.91 crore, and the disclosure also cited employee benefits expense of ₹4.67 crore on a half-yearly cumulative basis. These cost figures provide context for the difference between revenue, pre-tax profit and net profit during the period.

What dividend did CMRSL declare for FY27?

CMRSL declared an interim dividend of ₹2 per fully paid-up equity share for FY27, equivalent to 20% of the ₹10 face value per share. The board approved the dividend along with the Q2 FY27 financial results on October 26, 2026.

The record date for determining eligible shareholders was November 6, 2026. The declaration provides a direct shareholder distribution alongside the reported quarterly profit, although the source extract does not state the aggregate dividend payout or payment date.

For investors, the record date determines entitlement under the dividend announcement. The result announcement and dividend decision were both disclosed through the company's exchange-related updates, making October 26 the key board-meeting date for the quarter.

What is the status of the Cyber Media merger proposal?

CMRSL's proposed merger with Cyber Media (India) Limited progressed through directions issued under an National Company Law Tribunal order dated October 26, 2026. The directions concerned the convening of stakeholder meetings connected with the merger process.

The company had earlier described the proposed transaction as a strategic merger expected to enhance shareholder value, improve liquidity and generate annual cost savings. These are management's stated objectives for the transaction, rather than reported financial outcomes.

The available disclosure also records that a meeting of CMRSL equity shareholders was directed to be convened. It lists 434 equity shareholders and states that no consents were received in the cited table. The extract does not provide a final completion date for the merger.

What broader operating trends are relevant to CMRSL?

CMRSL had reported strong Q2 and first-half FY26 performance, citing growth in both international and domestic business. Management also identified AI adoption and new customer acquisition for its CMGalaxy and AuxoAds platforms as operating priorities.

For FY26, the company said full-year revenue grew 20.62% year-on-year, compared with reported industry advertising expenditure growth of 12%. That historical comparison provides context for management's focus on growing faster than the industry, though it does not establish a forecast for FY27.

The current Q2 result therefore combines several factors relevant to investors: revenue and profitability, a sequentially lower comparison with Q1, a stated contribution from one-off projects, an interim dividend, and an ongoing merger process. The one-off-project disclosure remains particularly relevant when comparing quarterly revenue figures.

Conclusion

CMRSL reported ₹88.27 crore of Q2 FY27 revenue and ₹2.62 crore of PAT, and its board declared a ₹2-per-share interim dividend. The results were lower sequentially than Q1 FY27, while the company stated that one-off projects had lifted performance in both quarters beyond planned growth.

Investors will next watch the further steps in stakeholder meetings and regulatory proceedings for the proposed merger with Cyber Media (India) Limited. They will also assess subsequent quarterly disclosures for evidence of operating performance excluding the one-off projects identified in the financial notes.