Cyber Media Research & Services Ltd (CMRSL) Q2FY27 Concall Summary - Sep-2026 Qtr
Key Takeaways
- The merger with CMIL is on track for completion this fiscal year, with NCLT's first motion approval secured, promising at least INR 1 crore in annual synergies.
- Management clarified that lower H1 margins were a deliberate customer acquisition strategy and does not expect a return to double-digit EBITDA margins within FY27.
- The company is targeting full-year revenue of INR 150-175 crores, signaling confidence in maintaining momentum despite H1's seasonal boost from the IPL.
Performance Overview
- Cyber Media Research & Services Ltd reported its best-ever first-half performance, with H1 FY27 revenue growing 104% year-over-year to INR 88.72 crores.
- The strong growth was attributed to contributions across all business units, particularly the advertising agency business which saw over 100% YoY growth during the IPL season.
- The company has made progress on the merger with CyberMedia India Ltd (CMIL), receiving the first motion approval from the NCLT and remaining on track to complete the process within the current financial year.
- Management highlighted significant operational improvements, including a reduction in the debtor turnover ratio from 123 days to 81 days.
- The Board declared an interim dividend of INR 2 per share for FY26-27, demonstrating a balanced approach between rewarding shareholders and reinvesting for growth.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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Tone & Disclosure
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