DJ Mediaprint Q2 EBITDA rose 36% despite revenue decline

In the second quarter of financial year 2027 (Q2 FY27), DJ Mediaprint & Logistics Limited (DJ Mediaprint) reported consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) of Rs 7.16 crore, up 36.47%, despite revenue falling 1.08% to Rs 31.84 crore; profit after tax (PAT) rose 34.03% to Rs 2.74 crore. Reported PAT margin was 8.59%, against 6.32% in Q2 FY26.

How did DJ Mediaprint’s Q2 FY27 earnings change?

DJ Mediaprint’s Q2 FY27 EBITDA increased by Rs 1.92 crore to Rs 7.16 crore from Rs 5.24 crore in Q2 FY26, while revenue from operations declined by Rs 34.77 lakh from Rs 32.19 crore. Total income nevertheless increased 1.02% to Rs 32.72 crore because other income rose to Rs 87.57 lakh from Rs 19.68 lakh.

DJ Mediaprint reported earnings before interest and tax (EBIT) of Rs 4.99 crore, compared with Rs 3.48 crore a year earlier. Depreciation and amortisation rose to Rs 2.16 crore from Rs 1.77 crore, while finance cost increased to Rs 1.75 crore from Rs 84.91 lakh; profit before tax still rose to Rs 3.24 crore from Rs 2.63 crore.

On a sequential basis, DJ Mediaprint’s Q2 FY27 revenue of Rs 31.84 crore was below Rs 36.36 crore in Q1 FY27, but EBITDA increased from Rs 6.00 crore and PAT increased from Rs 2.19 crore. The quarter therefore produced Rs 1.15 crore more EBITDA and Rs 55.13 lakh more PAT than Q1 FY27 despite lower revenue.

What changed in DJ Mediaprint’s operating costs?

DJ Mediaprint’s reported Q2 FY27 cost mix shifted as cost of materials consumed fell by Rs 7.54 crore to Rs 15.46 crore from Rs 23.01 crore in Q2 FY26. Purchases of stock in trade increased by Rs 5.57 crore to Rs 6.70 crore, while changes in inventories were a reduction of Rs 44.17 lakh compared with an increase of Rs 14.74 lakh a year earlier.

Employee benefit expense increased to Rs 2.43 crore from Rs 1.79 crore, and other administrative expenses rose to Rs 1.41 crore from Rs 1.07 crore. These reported movements coincided with the Rs 1.92 crore increase in EBITDA, although the presentation does not identify the products, segments or transactions behind the materials and stock-purchase changes.

Other income contributed Rs 87.57 lakh in Q2 FY27, an increase of Rs 67.89 lakh from Q2 FY26. The presentation does not provide components for other income or explain the movements in material consumption, inventory and stock-in-trade purchases, leaving the reported cost mix as the available explanation for the quarter’s higher EBITDA.

How did DJ Mediaprint perform in H1 FY27?

DJ Mediaprint’s first half of financial year 2027 (H1 FY27) revenue from operations rose 18.75% to Rs 68.21 crore from Rs 57.43 crore in H1 FY26, while EBITDA increased 33.27% to Rs 13.16 crore. PAT rose 28.32% to Rs 4.92 crore from Rs 3.84 crore, and reported PAT margin increased to 7.25% from 6.68%.

DJ Mediaprint’s H1 FY27 EBIT was Rs 9.12 crore, against Rs 6.48 crore in H1 FY26, after depreciation and amortisation increased to Rs 4.04 crore from Rs 3.39 crore. Finance cost rose to Rs 3.11 crore from Rs 1.63 crore, while profit before tax increased to Rs 6.02 crore from Rs 4.85 crore and current tax increased to Rs 1.39 crore from Rs 1.24 crore.

The H1 revenue increase included a different quarterly pattern in Q2 FY27: Q1 revenue was Rs 36.36 crore and Q2 revenue was Rs 31.84 crore. EBITDA moved in the opposite direction, from Rs 6.00 crore in Q1 to Rs 7.16 crore in Q2, while PAT rose from Rs 2.19 crore to Rs 2.74 crore.

What does DJ Mediaprint’s September 2026 balance sheet show?

DJ Mediaprint’s consolidated total assets were Rs 173.49 crore at September 2026, compared with Rs 139.73 crore at March 2026, while total equity increased to Rs 114.14 crore from Rs 92.14 crore. Non-current assets rose to Rs 50.77 crore from Rs 31.33 crore, and current assets increased to Rs 122.73 crore from Rs 108.40 crore.

Within non-current assets, investments increased to Rs 15.12 crore at September 2026 from Rs 9.65 lakh at March 2026, while right-of-use assets rose to Rs 5.24 crore from Rs 1.64 crore. Property, plant and equipment was Rs 21.52 crore, compared with Rs 21.62 crore six months earlier.

Trade receivables fell to Rs 44.30 crore at September 2026 from Rs 52.40 crore at March 2026, while current loans and advances increased to Rs 21.72 crore from Rs 14.21 crore. Other current assets rose to Rs 26.35 crore from Rs 11.00 crore, while cash and cash equivalents declined to Rs 82.96 lakh from Rs 1.24 crore.

DJ Mediaprint reported non-current borrowings of Rs 29.92 crore at September 2026, up from Rs 27.26 crore at March 2026, while current borrowings remained Rs 11.20 crore. Lease liabilities increased to Rs 5.70 crore from Rs 1.77 crore, trade payables rose to Rs 4.63 crore from Rs 2.35 crore, and non-controlling interest increased to Rs 7.18 crore from Rs 2.01 crore.

Conclusion

DJ Mediaprint’s Q2 FY27 results showed higher reported profitability despite a Rs 34.77 lakh year-on-year decline in revenue from operations. EBITDA increased by Rs 1.92 crore and PAT by Rs 69.47 lakh, while the H1 FY27 result combined Rs 68.21 crore of revenue with Rs 13.16 crore of EBITDA and Rs 4.92 crore of PAT.

The next disclosures will be important for clarification of the Q2 cost mix, including the Rs 7.54 crore reduction in materials consumed and Rs 5.57 crore increase in stock-in-trade purchases, for which the presentation gives no product or segment explanation. They will also show whether revenue recovers from the Q2 FY27 level of Rs 31.84 crore while EBITDA remains near Rs 7.16 crore.