Quint Digital Ltd (539515)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Quint Digital's revenue was ₹34.8 Cr (+335.5% year on year, +2.0% on the previous quarter), and net profit ₹-3.0 Cr (against a profit a year earlier); the operating margin was -3.9%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹34.8 | +335.5% | +2.0% |
| Operating profit | ₹-1.4 | loss narrowed | loss narrowed |
| Net profit | ₹-3.0 | to loss | loss widened |
| EPS (₹) | -0.42 | to loss | loss narrowed |
| Operating margin | -3.9% | — | — |
📢 Recent Corporate Announcements
Quint Digital Limited has agreed to provide corporate guarantees totaling up to USD 5 million (~Rs 42 Cr) on behalf of Quintype Solutions LLC, an entity in which Quint Digital holds a 10% indirect interest. The guarantees back two Master Service Agreements with INN Partners LLC (BLOX Digital) and Lee Enterprises, capped at USD 2.5 million each. The total contingent liability represents ~15.5% of Quint Digital's market cap (Rs 270 Cr) and ~39% of TTM revenue (Rs 108 Cr). The company stated there is no immediate cash outflow and expects no material financial impact under base conditions.
- Corporate guarantee obligation capped at USD 2.5 million under each of two Master Service Agreements
- Aggregate maximum corporate guarantee exposure is USD 5 million
- Quint Digital holds a 10% equity stake in Quintype Solutions LLC via its wholly owned subsidiary Global Media Technologies Inc.
- Counterparties to the service agreements are INN Partners, LLC (BLOX Digital) and Lee Enterprises, Incorporated
- No immediate cash outflow involved; obligations trigger only upon specified contractual defaults
Quint Digital has approved the first and final call of ₹5 per warrant on 82,61,401 partly paid-up detachable warrants, aggregating to ₹4.13 crore. The record date to determine eligible warrant holders is fixed for Thursday, October 15, 2026. Trading in partly paid-up warrants will be suspended starting October 15, 2026, with the call money payment window scheduled from November 6 to November 20, 2026. Relative to the company's market cap of ₹270 crore, this ₹4.13 crore call inflow represents ~1.5%.
- Final call of ₹5 per warrant approved on 82,61,401 partly paid-up warrants
- Total call money aggregation is ₹4,13,07,005 (₹4.13 crore)
- Record date fixed as October 15, 2026; warrant trading suspended from this date
- Call payment period open from November 06, 2026 to November 20, 2026
Quint Digital has approved the first and final call of ₹5 per warrant on 82,61,401 partly paid-up detachable warrants, aggregating to ₹4.13 crore. The record date to determine eligible warrant holders is fixed for Thursday, October 15, 2026. Trading in partly paid-up warrants will be suspended starting October 15, 2026, with the call money payment window scheduled from November 6 to November 20, 2026. Relative to the company's market cap of ₹270 crore, this ₹4.13 crore call inflow represents ~1.5%.
- Final call of ₹5 per warrant approved on 82,61,401 partly paid-up warrants
- Total call money aggregation is ₹4,13,07,005 (₹4.13 crore)
- Record date fixed as October 15, 2026; warrant trading suspended from this date
- Call payment period open from November 06, 2026 to November 20, 2026
Quint Digital promoter group entity RB Diversified Private Limited acquired 9,88,842 equity shares (2.09% of total voting capital) through open market purchases up to September 24, 2026. Following the acquisition, the overall promoter and PAC shareholding increased from 62.57% (2,95,37,617 shares) to 64.66% (3,05,26,459 shares). On a fully diluted basis, promoter holding increased from 46.04% to 47.58%. At the current share price of Rs 57.5, the acquired 2.09% stake translates to approximately Rs 5.69 crore.
- Promoter entity RB Diversified acquired 9,88,842 shares (2.09% stake) via open market purchases
- Total promoter and PAC holding increased from 62.57% to 64.66% of equity capital
- On a fully diluted basis, promoter holding rose from 46.04% to 47.58% across 6,41,61,010 total diluted shares
- Total shares held by promoter and PAC now stand at 3,05,26,459, up from 2,95,37,617 shares
- RB Diversified's individual holding increased from 8.26% (38,98,340 shares) to 10.35% (48,87,182 shares)
Quint Digital has released the transcript of its 41st Annual General Meeting held on August 18, 2026. Management reviewed FY26 performance, where consolidated operating revenue grew 155% YoY to ₹812.3 million and PAT turned around to ₹415.49 million with zero net debt. Key growth initiatives highlighted include the expansion of SaaS platform Quintype (whose acquired ListenFirst unit generated ₹929.4 million), an increased 14.59% stake in NASDAQ-listed Lee Enterprises, and entering experiential lifestyle media via Time Out India. Management noted that two larger business verticals are expected to reflect on the P&L over the next 6 to 9 months.
- Consolidated operating revenue rose 155% YoY to ₹812.3 million in FY26, with consolidated PAT turning around to ₹415.49 million
- Net worth increased by ₹937.24 million to ₹3,939.48 million as of March 31, 2026, ending the fiscal year at zero net debt
- SaaS analytics unit ListenFirst Media LLC recorded ₹929.4 million in revenue during FY26
- Company raised its stake in NASDAQ-listed Lee Enterprises, Inc. to 14.59%
- Management expects two larger emerging verticals (including Time Out India) to become visible in financial results over the next 6-9 months
Quint Digital Limited has filed its Letter of Offer for a Rights Issue aggregating up to ₹9,087.55 Lakhs (~₹90.88 Cr), representing ~52.5% of its current market capitalization of ₹173 Cr. The issue offers up to 82,61,402 partly paid-up 10% CCPS at ₹100 each alongside 82,61,402 detachable warrants at ₹10 each in a ratio of 7 CCPS for every 40 equity shares held. Eligible shareholders as of the Record Date (August 25, 2026) are required to pay ₹55 on application (₹50 per CCPS and ₹5 per warrant). The issue opens on September 2, 2026, and closes on September 10, 2026.
- Total issue size of up to ₹9,087.55 Lakhs through partly paid-up CCPS and detachable warrants.
- Rights entitlement ratio set at 7 CCPS for every 40 fully paid-up equity shares held.
- Issue price is ₹100 per CCPS (₹50 on application) and ₹10 per detachable warrant (₹5 on application).
- Record Date fixed as August 25, 2026; issue open from September 2, 2026, to September 10, 2026.
- Each fully paid CCPS (within 60 months) and Warrant (within 18 months) converts into 1 equity share.
Quint Digital Limited has obtained ISIN INE641R20025 for crediting Rights Entitlements (RE) to eligible shareholders for its upcoming Rights Issue. This follows the company's disclosure on August 19, 2026, detailing the terms and conditions of the issue. The company currently has a market capitalization of Rs 178 Cr and reported TTM revenue of Rs 81 Cr. The allotment of the RE ISIN is a procedural requirement allowing shareholders to receive, hold, or trade their rights entitlements before the subscription window closes.
- Rights Entitlement ISIN INE641R20025 generated for the upcoming Rights Issue
- Compliance intimation under Regulation 30 and Regulation 77A of SEBI ICDR Regulations
- Follows earlier intimation dated August 19, 2026 regarding Rights Issue terms
Quint Digital's Rights Issue Committee has approved the terms for a Rights Issue aggregating up to ₹9,087.55 Lakhs (~₹90.88 Cr) via 82,61,402 CCPS and 82,61,402 detachable warrants. The issue size is substantial, representing ~51% of the company's current market cap of ₹178 Cr. Eligible shareholders holding shares as of the Record Date (August 25, 2026) will receive 7 CCPS and 7 Warrants for every 40 equity shares held. The application amount is ₹55 per composite unit (₹50 towards CCPS and ₹5 towards warrant), with the issue open from September 2 to September 10, 2026.
- Rights issue size aggregating up to ₹9,087.55 Lakhs (~₹90.88 Cr) across 82,61,402 CCPS and 82,61,402 warrants.
- Rights Entitlement ratio fixed at 7 CCPS and 7 detachable Warrants for every 40 fully paid-up equity shares.
- Application payment set at ₹55 per unit (₹50/CCPS and ₹5/warrant); remaining calls spread over 18 to 60 months.
- Record date is August 25, 2026; issue period runs from September 2, 2026, to September 10, 2026 (market renunciation closes September 7, 2026).
Quint Digital has approved the Letter of Offer for a Rights Issue aggregating up to ₹9,087.55 Lakhs (~₹90.88 Cr). The issue consists of up to 82,61,402 CCPS at ₹100 each and 82,61,402 detachable Warrants at ₹10 each. The entitlement ratio is set at 7 CCPS and 7 detachable Warrants for every 40 fully paid-up equity shares. The record date is August 25, 2026, with the issue opening on September 2, 2026, and closing on September 10, 2026.
- Issue of up to 82,61,402 CCPS (₹100 face value) and 82,61,402 detachable Warrants (₹10 issue price) aggregating up to ₹9,087.55 Lakhs.
- Entitlement ratio fixed at 7 CCPS and 7 detachable Warrants for every 40 equity shares held on Record Date.
- Payment on application is ₹55 per Rights Security unit (₹50 per CCPS and ₹5 per Warrant).
- Record Date fixed as August 25, 2026; Issue opens September 2, 2026, and closes September 10, 2026 (last date for market renunciation is September 7, 2026).
Quint Digital's Rights Issue Committee has approved the terms for a Rights Issue aggregating up to Rs 90.88 Cr (Rs 9,087.55 Lakhs). The issue comprises up to 82,61,402 partly paid-up 10% CCPS (Rs 100 each) and 82,61,402 detachable warrants (Rs 10 each). The entitlement ratio is set at 7 CCPS and 7 warrants for every 40 fully paid equity shares held. The record date is August 25, 2026, with the issue opening on September 2, 2026, and closing on September 10, 2026.
- Issue size of up to Rs 90.88 Cr (~51% of current market cap of Rs 178 Cr)
- Rights ratio of 7 CCPS and 7 detachable Warrants for every 40 equity shares held
- Application payment of Rs 55 per rights security (Rs 50 for CCPS + Rs 5 for Warrant)
- Record date fixed as August 25, 2026; issue open from September 2 to September 10, 2026
Quint Digital Limited announced that shareholders approved the re-appointment of Ms. Abha Kapoor as an Independent Director at its 41st Annual General Meeting held on August 18, 2026. The re-appointment is for a second term of 5 consecutive years, effective from December 31, 2026, through December 30, 2031. The resolution was passed with the requisite majority based on the scrutinizer report. This represents a routine board continuity measure with no immediate financial impact.
- Shareholders approved re-appointment of Ms. Abha Kapoor as Independent Director at the 41st AGM on August 18, 2026
- Second term duration is 5 consecutive years, effective December 31, 2026 to December 30, 2031
- Ms. Kapoor is not related to any Director and is confirmed not debarred by SEBI or other authorities
Quint Digital Limited shareholders approved amendments to the Employee Stock Option Plan (ESOP) 2020 at the 41st Annual General Meeting held on August 18, 2026. The amendment inserts Clause (n) empowering the Compensation Committee to reprice options, revise exercise prices, modify vesting terms, or cancel and re-grant options during market downturns. The resolution was passed with requisite majority following prior Board approval on May 22, 2026, in accordance with SEBI SBEB Regulations, 2021.
- Shareholders approved amendments to ESOP 2020 at the 41st AGM on August 18, 2026.
- Board of Directors previously recommended the proposal at its meeting on May 22, 2026.
- Compensation Committee granted explicit authority to reprice, cancel, or re-grant underwater stock options.
- Scrutinizer report issued by Mr. Devesh Kumar Vasisht (CP No. 13700) confirming approval by requisite majority.
Quint Digital Limited announced that shareholders approved an amendment to its Articles of Association at the 41st Annual General Meeting on August 18, 2026. The amendment inserts Clause 107A, granting lenders, debenture holders, or debenture trustees the right to appoint a Nominee Director or an observer to the Board while financial indebtedness remains outstanding. Nominee Directors will not be liable to retire by rotation and will not be required to hold qualification shares. The clause aligns governance rights with outstanding debt commitments (company debt stands at Rs 133 Cr).
- Shareholders approved the insertion of Clause 107A into the Articles of Association at the 41st AGM on August 18, 2026.
- Clause 107A entitles lenders and debenture holders to nominate a director or board observer while credit facilities remain outstanding.
- Nominee Directors will have full board and committee participation rights without requirement to hold qualification shares or retire by rotation.
- Quint Digital carries debt of Rs 133 Cr against a net worth of Rs 325 Cr (D/E ratio of 0.41).
Quint Digital has received in-principle approval from BSE on August 14, 2026, for its proposed Rights Issue. The Rights Issue Committee is scheduled to meet on August 19, 2026, to determine the issue price, entitlement ratio, record date, and issue schedule. The company currently has a market capitalization of Rs 183 Cr with Rs 133 Cr of debt. Details regarding the total fundraise size and intended utilization of proceeds are expected following the committee's decision.
- Received in-principle approval from BSE Limited on August 14, 2026.
- Rights Issue Committee meeting scheduled for Wednesday, August 19, 2026.
- Committee to determine issue price, entitlement ratio, record date, and payment terms.
- Follows initial corporate intimation submitted on May 29, 2026.
Quint Digital reported a robust Q1 FY27 with consolidated revenue surging 336% YoY to ₹35 Cr, driven largely by its Media-Tech vertical (Quintype) which contributed ₹33 Cr. The company achieved an adjusted PBT of ₹4.93 Cr, even after absorbing ₹1.04 Cr in pre-operating expenses for its new 'Time Out' venture. A major strategic pivot is underway with the launch of India's first Time Out Market in New Delhi expected by early Q3 FY27. Furthermore, the company's 14.59% stake in US-based Lee Enterprises is now valued at $29 million, contributing a ₹10.58 Cr mark-to-market gain this quarter.
- Consolidated revenue grew 336% YoY to ₹35 Cr in Q1 FY27, representing 43% of the previous full year's TTM revenue.
- Quintype Media-Tech operations delivered ₹33 Cr in revenue, reinforcing its role as the primary growth engine.
- Adjusted PBT reached ₹4.93 Cr after adjusting for ₹1.04 Cr in pre-operating expenses for Time Out Media.
- Investment in Lee Enterprises (14.59% stake) valued at $29 million (~₹243 Cr), which exceeds the company's current market cap of ₹192 Cr.
- Time Out Market in Aerocity, New Delhi, is on track for an early Q3 FY2026-27 launch.
Financial Performance
Revenue Growth by Segment
The company reported 100% YoY growth in Q1 FY22 with revenues of INR 6.4 Cr compared to INR 3.1 Cr in the previous year's quarter. Quintype (SaaS segment) recorded revenues of INR 6.5 Cr in FY21 with a target of INR 10 Cr for FY22 (53.8% growth). Quintillion Business Media (QBM) reported FY21 revenue of INR 9.1 Cr, with advertising contracts totaling INR 5.2 Cr in the first four months of FY22.
Geographic Revenue Split
Not specifically disclosed in available documents, though operations are headquartered in Noida/Delhi with a marketing presence in Mumbai and a SaaS base in Bangalore.
Profitability Margins
Operating margins are improving through digital acceleration; the company achieved a 26% EBITDA margin in FY21 (9-month period) and projects an expansion to 30-35% for the full year FY22. QBM expects to reach cash breakeven by Q4 FY22.
EBITDA Margin
EBITDA margin stood at 26% for the 9-month period ending March 2021 (INR 4.69 Cr EBITDA on INR 18 Cr revenue). Management guidance targets a 400-900 bps improvement to reach 30-35% for FY22.
Capital Expenditure
Quintype Technologies has seen a total investment of over INR 70 Cr in the development of its SaaS platform. The company divested its entire stake in AI Trillions Private Limited on September 30, 2024, and acquired a 77.50% stake in Shvaas Creations on February 7, 2025.
Credit Rating & Borrowing
The company reported no External Commercial Borrowing (ECB) during the FY25 review period. Specific credit ratings and interest rate percentages were not disclosed.
Operational Drivers
Raw Materials
As a digital media and SaaS company, primary 'raw materials' are human capital and technology infrastructure rather than physical commodities. Content creation and platform maintenance represent the core operational costs.
Key Suppliers
Not applicable; the business relies on digital infrastructure providers and content creators rather than industrial suppliers.
Capacity Expansion
Digital capacity is measured by reach: currently 4.5 to 5 million unique visitors and 10 to 12 million page views per month. The SaaS platform (Quintype) is fully developed and requires no significant further investment for scaling.
Raw Material Costs
Not applicable in traditional terms. Operational costs for Quintype are being rationalized to a burn rate of approximately INR 2 Cr per quarter following a significant downsizing exercise.
Manufacturing Efficiency
Not applicable. Efficiency is measured by CPM (Cost Per Mille) rates, where the company achieves 350-550 CPM, significantly outperforming the industry average of 150 CPM.
Logistics & Distribution
Distribution is entirely digital; costs are linked to programmatic advertising and subscription platform maintenance.
Strategic Growth
Expected Growth Rate
80-100%
Growth Strategy
Growth will be driven by the acceleration of digital adoption over traditional media, scaling the Quintype SaaS platform to an ARR of INR 10 Cr, and the consolidation of acquired entities including Bloomberg Quint, The News Minute (South-based news), and Owlet (OTT content). The company is also leveraging high-value advertising partnerships with blue-chip brands like Accenture, Oracle, and HDFC.
Products & Services
Digital news content, SaaS media technology platforms, branded content, display advertising, OTT web series creation, and digital subscriptions.
Brand Portfolio
The Quint, Bloomberg Quint, Quintype, The News Minute, Owlet, Fit, Quint Hindi.
New Products/Services
Expansion into OTT content creation through Owlet and specialized South-Indian regional news through The News Minute are expected to diversify revenue streams.
Market Expansion
Targeting the South Indian market through Spunklane (The News Minute) and the global SaaS market through Quintype Technologies.
Market Share & Ranking
The company positions itself as a leading pure-play digital news and tech firm, competing with legacy networks like Times Group and Network18.
Strategic Alliances
Joint Venture with Bloomberg LP (25.97% stake in QBM) and a strategic investment from IIFL AMC (INR 25 Cr Series A in Quintype).
External Factors
Industry Trends
The industry is shifting from traditional (print/TV) to digital media; digital is the only growth area while traditional media has decelerated. The company is positioned as a 'digital-first' player to capture this 80-100% growth trend.
Competitive Landscape
Key competitors include Moneycontrol (Network18), Economic Times (Times Group), Livemint (HT Media), and Financial Times.
Competitive Moat
Moat is built on high-value brand perception (allowing for premium CPMs), a proprietary SaaS platform (Quintype) with high switching costs for media clients, and a strong network effect from 40k+ subscribers.
Macro Economic Sensitivity
Highly sensitive to digital advertising cycles and corporate marketing budgets, which typically correlate with GDP growth.
Consumer Behavior
Rapid shift toward digital news consumption and subscription-based models (40k+ current subscribers) is driving recurring revenue.
Geopolitical Risks
Regulatory changes regarding digital media ownership and FDI in news media could impact the Bloomberg JV and overall corporate structure.
Regulatory & Governance
Industry Regulations
Subject to SEBI (Listing Obligations and Disclosure Requirements) 2015, the Companies Act 2013, and Ministry of Information and Broadcasting regulations for digital news publishers.
Environmental Compliance
Not applicable for digital media operations; no significant ESG compliance costs reported.
Taxation Policy Impact
Standard Indian corporate tax rates apply; specific fiscal impacts from the Scheme of Arrangement were not detailed.
Legal Contingencies
The Scheme of Arrangement between Quintillion Media Limited and Quint Digital Limited was sanctioned by the NCLT on March 10, 2025. No other major pending court cases or labor disputes with specific INR values were disclosed.
Risk Analysis
Key Uncertainties
Integration risks associated with the consolidation of multiple media entities (QBM, Quintype, Spunklane) and the ability to maintain 30%+ EBITDA margins while scaling.
Geographic Concentration Risk
Heavy concentration in the Indian digital market, with a specific new focus on South India.
Third Party Dependencies
Reliance on Bloomberg LP for the Bloomberg Quint brand and platform partnership.
Technology Obsolescence Risk
High risk in the SaaS segment; mitigated by the INR 70+ Cr investment in the Quintype platform to maintain competitive features.
Credit & Counterparty Risk
Receivables quality is linked to the financial health of top-tier advertising partners (Accenture, HDFC, etc.) and corporate subscription clients.
