DJ Mediaprint profit rises as operating cash turns negative

DJ Mediaprint & Logistics Limited reported consolidated net profit of Rs 4.92 crore for the half year ended 30 September 2026, up from Rs 3.84 crore a year earlier, while revenue from operations rose to Rs 68.21 crore. DJ Mediaprint nevertheless reported an Rs 8.19 crore cash outflow from operating activities after working-capital movements and taxes.

How did DJ Mediaprint’s first-half earnings change?

DJ Mediaprint increased revenue from operations by Rs 10.77 crore to Rs 68.21 crore in the half year ended 30 September 2026, from Rs 57.43 crore in the half year ended 30 September 2025. Other income increased to Rs 1.00 crore from Rs 27.22 lakh, lifting total income to Rs 69.21 crore from Rs 57.71 crore.

DJ Mediaprint’s net profit rose by Rs 1.09 crore to Rs 4.92 crore, compared with Rs 3.84 crore a year earlier. Profit before tax was Rs 6.02 crore, compared with Rs 4.85 crore, while current tax increased to Rs 1.39 crore from Rs 1.24 crore and deferred tax was a credit of Rs 29.87 lakh, compared with a Rs 22.11 lakh credit.

The quarter ended 30 September 2026 contributed Rs 31.84 crore of revenue from operations and Rs 2.74 crore of net profit, against Rs 32.19 crore and Rs 2.04 crore respectively in the quarter ended 30 September 2025. Basic and diluted earnings per share for the six months were Rs 1.43, compared with Rs 1.18 in the earlier period.

Which segments generated DJ Mediaprint’s revenue?

DJ Mediaprint’s services segment was the largest contributor in the first half, reporting Rs 41.74 crore of sales and services, compared with Rs 14.49 crore from printing and Rs 11.97 crore from other businesses. The reported segment sales closely matched consolidated revenue from operations of Rs 68.21 crore for the half year ended 30 September 2026.

Services revenue more than doubled from Rs 19.63 crore in the corresponding half of 2025, while printing revenue declined from Rs 27.82 crore. Other-business revenue increased from Rs 8.99 crore, indicating that the first-half revenue mix shifted away from printing towards services and other grouped activities.

DJ Mediaprint defines printing to include book printing, magazine printing, continuous stationery, VDP and security printing. Its record-management, scanning and logistics services include client record storage, document and record scanning, and transportation of goods; activities that are not separately reportable are included in other businesses.

Why did DJ Mediaprint report negative operating cash flow?

DJ Mediaprint reported an Rs 8.19 crore operating cash outflow in the six months ended 30 September 2026 because working-capital changes outweighed Rs 12.04 crore of operating profit before those movements. Cash generated from operations was negative Rs 6.31 crore, and direct taxes paid added an Rs 1.88 crore outflow.

The operating cash-flow statement recorded an Rs 15.35 crore increase in other assets and an Rs 7.52 crore increase in loans and advances, both uses of cash. It also showed an Rs 8.04 crore decrease in short borrowings, while an Rs 8.09 crore reduction in trade receivables and an Rs 2.28 crore increase in trade payables partly offset those outflows.

The cash-flow statement compares the six months to 30 September 2026 with the year ended 31 March 2026, rather than with the corresponding first half of 2025. It therefore reports an Rs 14.66 crore operating cash outflow for the year ended 31 March 2026 but does not provide a like-for-like first-half operating cash-flow comparison.

How were DJ Mediaprint’s investing outflows funded?

DJ Mediaprint used Rs 17.80 crore in investing activities in the half year, including Rs 15.02 crore invested in shares, Rs 3.24 crore spent on fixed assets and Rs 51.38 lakh in loans and advances. Interest and dividend receipts of Rs 1.00 crore and rental income of Rs 8.45 lakh partly offset these investing outflows.

Financing activities produced Rs 26.40 crore of inflows, including Rs 22.50 crore from issuance of share capital and Rs 11.45 crore of proceeds from long-term borrowings. Those inflows were reduced by an Rs 3.93 crore decrease in lease liabilities, Rs 3.11 crore of interest costs and Rs 51.57 lakh of dividends paid.

DJ Mediaprint closed 30 September 2026 with cash and cash equivalents of Rs 82.96 lakh, down by Rs 40.76 lakh from Rs 1.24 crore at 31 March 2026. Its consolidated balance sheet showed total assets of Rs 173.49 crore, total equity of Rs 114.14 crore and non-current borrowings of Rs 29.92 crore at the half-year date.

What did the review report say about DJ Mediaprint’s results?

DJ Mediaprint’s consolidated unaudited results were reviewed by ADV & Associates, which said nothing had come to its attention to indicate that the statement failed to make required disclosures or contained a material misstatement. The results were approved by the Board and Audit Committee on 13 November 2026.

The consolidated statement includes Sai Links as a subsidiary. The reviewer said it did not itself review the interim financial information of one subsidiary partnership firm, which reported six-month revenue of Rs 11.99 crore and net profit of Rs 58.70 lakh for the period ended 30 September 2026.

The review report also said balances of trade receivables, trade payables, advances and customer deposits remain subject to confirmations and subsequent reconciliation. The reviewer’s conclusion was not modified in respect of the subsidiary-related matters or those balance confirmations.

Conclusion

DJ Mediaprint’s first-half figures show higher revenue and profit alongside cash absorption from operations. Services generated Rs 41.74 crore of first-half sales and rose from Rs 19.63 crore a year earlier, while increases in other assets and loans and advances contributed to the Rs 8.19 crore operating cash outflow.

The next reporting periods will show whether working-capital movements reverse after other assets increased by Rs 15.35 crore and loans and advances increased by Rs 7.52 crore in the first half. They will also provide an update on the use of Rs 22.50 crore raised through share capital issuance, Rs 11.45 crore of long-term borrowing proceeds, and the reconciliation of customer-related balances identified in the review report.