DJ Mediaprint services revenue rises 113% in first half

DJ Mediaprint & Logistics Limited reported services revenue of Rs 41.74 crore for the half year ended September 30, 2026, up 113% from Rs 19.63 crore a year earlier, while printing revenue fell 48% to Rs 14.49 crore. The segment figures show services becoming the larger contributor to reported sales.

How did DJ Mediaprint’s revenue mix change in the first half?

DJ Mediaprint’s services segment became the main revenue contributor in the half year ended September 30, 2026, generating Rs 41.74 crore of segment sales against printing’s Rs 14.49 crore. A year earlier, printing led with Rs 27.82 crore while services contributed Rs 19.63 crore. The shift reflects a Rs 22.11 crore increase in services sales alongside a Rs 13.33 crore decline in printing sales.

The segment statement defines services as record management, document and record scanning, and transportation of goods. Printing includes book printing, magazine printing, continuous stationery, variable-data printing and security printing. Based on the segment sales reported, services represented about 74% of the Rs 56.23 crore first-half total in 2026, compared with about 41% of the Rs 47.45 crore total in the corresponding 2025 period.

DJ Mediaprint’s standalone statement of profit and loss separately reported revenue from operations of Rs 56.23 crore for the latest half year, versus Rs 41.45 crore in the prior-year half year. That prior-year total does not match the Rs 47.45 crore total in the segment statement. DJ Mediaprint did not explain the difference in the supplied filing, so the segment comparison above uses only the figures disclosed in the segment table.

Did DJ Mediaprint’s segment earnings follow the revenue shift?

DJ Mediaprint’s services earnings before interest, tax, depreciation and amortisation, or EBITDA, rose to Rs 8.00 crore in the first half from Rs 4.67 crore a year earlier, while printing EBITDA declined to Rs 2.36 crore from Rs 3.80 crore. Total segment EBITDA nevertheless increased to Rs 10.37 crore from Rs 8.47 crore because the services improvement exceeded the printing decline.

The services segment also produced earnings before interest and tax, or EBIT, of Rs 5.29 crore in the half year ended September 30, 2026, compared with Rs 3.42 crore in the year-earlier period. Printing EBIT fell to Rs 1.36 crore from Rs 2.06 crore. Total segment EBIT therefore rose by Rs 1.18 crore to Rs 6.66 crore, despite printing’s lower reported sales and operating result.

Finance cost rose to Rs 2.51 crore for the latest half year from Rs 1.30 crore in the prior-year period, according to the segment reconciliation. Interest income was Rs 98.86 lakh, compared with Rs 11.08 lakh a year earlier. After these items and tax, DJ Mediaprint reported standalone profit of Rs 4.33 crore, up from Rs 3.43 crore.

What did the latest quarter show for DJ Mediaprint’s two segments?

DJ Mediaprint’s quarter ended September 30, 2026 showed services revenue of Rs 17.44 crore and printing revenue of Rs 8.64 crore. Services revenue exceeded the Rs 12.46 crore reported in the quarter ended September 30, 2025, while printing revenue was below Rs 13.46 crore. The quarterly figures therefore continued the year-on-year movement toward the services segment.

Compared with the immediately preceding quarter ended June 30, 2026, services sales fell from Rs 24.30 crore to Rs 17.44 crore, while printing increased from Rs 5.85 crore to Rs 8.64 crore. Total quarterly revenue from operations declined to Rs 26.08 crore from Rs 30.15 crore sequentially, but remained slightly above Rs 25.93 crore in the quarter ended September 30, 2025.

Services EBITDA in the September 2026 quarter was Rs 3.64 crore, compared with Rs 4.37 crore in June 2026 and Rs 3.27 crore a year earlier. Printing EBITDA was Rs 1.80 crore, up from Rs 56.31 lakh in June and Rs 1.08 crore in the September 2025 quarter. DJ Mediaprint’s standalone profit for the September 2026 quarter was Rs 2.46 crore, versus Rs 1.87 crore in June and Rs 1.77 crore a year earlier.

What else changed in DJ Mediaprint’s standalone financial position?

DJ Mediaprint reported total assets of Rs 150.65 crore at September 30, 2026, compared with Rs 122.86 crore at March 31, 2026. Property, plant and equipment increased to Rs 18.16 crore from Rs 17.05 crore, while other intangible assets increased to Rs 5.24 crore from Rs 1.51 crore. Total equity rose to Rs 106.37 crore from Rs 89.26 crore over the same period.

Non-current borrowings were Rs 19.42 crore at September 30, 2026, compared with Rs 7.19 crore at March 31, while current borrowings decreased to Rs 11.21 crore from Rs 19.24 crore. During September 2026, DJ Mediaprint converted 2,92,001 warrants into an equal number of equity shares at an issue price of Rs 114 each, comprising Rs 10 face value and Rs 104 securities premium.

The audit committee reviewed, and the board approved, the standalone results on November 13, 2026. The independent auditor said its review found nothing requiring a conclusion that the results were materially misstated, while noting that trade receivables, trade payables, advances and customer deposits remain subject to confirmations and subsequent reconciliation.

Conclusion

DJ Mediaprint’s first-half figures show a change in business mix: services added Rs 22.11 crore of revenue year on year and lifted segment EBITDA by Rs 3.33 crore, more than offsetting a Rs 13.33 crore reduction in printing revenue. This produced a Rs 1.90 crore increase in total segment EBITDA and a Rs 90.87 lakh increase in standalone profit for the period.

The disclosed matter to watch is the Directorate General of GST Intelligence verification conducted at DJ Mediaprint’s corporate office during September 2026. DJ Mediaprint said no show-cause notice or tax demand had been issued as of November 13, 2026, and that any financial impact could not yet be ascertained; no provision had therefore been recorded.