Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY18
| ₹ crore | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 | Q4 FY23 | Q3 FY23 | Q2 FY23 | Q1 FY23 | Q4 FY22 | Q3 FY22 | Q2 FY22 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q2 FY20 | Q1 FY20 | Q4 FY19 | Q3 FY19 | Q2 FY19 | Q1 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 240 | 47.6 | 41.6 | 48.8 | 72.8 | 93.2 | 144 | 149 | 135 | 138 | 200 | 152 | 145 | 165 | 164 | 119 | 119 | 76.2 | 76.8 | 64.8 | 74.9 | 106 | 78.3 | 35.1 | 108 | 188 | 187 | 90.5 | 88.9 | 96.3 | 119 | 123 | 93.7 |
| Other income | 4.1 | 1.5 | 2.2 | 2.6 | 4 | 0.9 | 2.1 | 1.1 | 0.8 | 0.7 | 3.7 | 0.7 | 8.6 | 2.7 | 0.6 | 1.5 | 3.9 | 0.5 | 1.7 | 1.2 | 2.8 | 2.3 | 2.5 | 5.7 | −1.6 | 2.8 | 5.2 | 2.2 | 8.4 | 9 | 9 | 5.4 | 3.9 |
| Total expenses | 216 | 67.2 | 75.4 | 58 | 84.6 | 106 | 136 | 148 | 137 | 138 | 186 | 136 | 138 | 166 | 184 | 144 | 155 | 101 | 119 | 99.4 | 123 | 137 | 98.4 | 69.6 | 119 | 159 | 193 | 134 | 126 | 127 | 142 | 156 | 117 |
| EBITDA | 25.7 | −17.2 | −31.8 | −7 | −9.8 | −10.9 | 11.8 | 4.4 | 2.3 | 4.2 | 18.4 | 21.1 | 11.5 | 4.6 | −14.9 | −20.4 | −31.4 | −21.4 | −38.6 | −30.4 | −41.3 | −24 | −12.4 | −26.3 | −0.8 | 39.5 | 5.3 | −33.2 | −32.3 | −26.2 | −18.6 | −28 | −19.3 |
| EBITDA margin | 10.7% | -36.1% | -76.5% | -14.3% | -13.5% | -11.6% | 8.2% | 3.0% | 1.7% | 3.0% | 9.2% | 13.9% | 8.0% | 2.8% | -9.1% | -17.1% | -26.4% | -28.0% | -50.3% | -46.9% | -55.1% | -22.7% | -15.9% | -75.0% | -0.7% | 21.0% | 2.8% | -36.7% | -36.4% | -27.2% | -15.6% | -22.7% | -20.6% |
| Finance costs | 0.4 | 0.8 | 0.4 | 0.5 | 0.2 | 0.5 | 1.2 | 1.5 | 2.3 | 2 | 3.2 | 3.1 | 3 | 2.8 | 1.3 | 1.1 | 1.3 | 0.2 | 0.1 | 0.1 | 0.8 | 0.2 | 0.3 | 0.4 | 0.6 | 0.7 | 0.6 | 0.7 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1.4 | 1.6 | 1.6 | 1.7 | 1.8 | 1.8 | 2 | 2 | 2.2 | 2.1 | 2.1 | 1.8 | 1.8 | 2 | 3.3 | 3.3 | 3.6 | 3.5 | 3.8 | 4.1 | 5.9 | 7.4 | 7.4 | 7.8 | 9.7 | 9.6 | 9.8 | 9.8 | 4.6 | 4.4 | 4.8 | 4.3 | 4.4 |
| Profit before tax | 28 | −18.1 | −31.6 | −6.6 | −7.8 | −12.2 | 10.7 | 2 | −1.4 | 0.9 | 16.9 | 16.9 | 15.3 | 2.5 | −18.8 | −23.3 | −32.4 | −24.6 | −40.7 | −33.4 | −34.8 | −29.2 | −17.6 | −28.8 | −12.7 | 32 | 0 | −41.5 | −28.5 | −21.6 | −14.5 | −26.9 | −19.8 |
| Tax | 5.6 | −3.9 | −7 | −1.6 | −1.9 | −0.4 | 6.1 | 4.2 | 1.2 | 1.1 | 5.3 | 6.3 | 7.6 | 5.1 | −0.2 | 1.2 | 1 | 1.9 | −1.3 | 0.5 | 5.1 | 2.4 | 1.9 | −0.9 | 7.2 | 18.2 | 10.8 | 0.6 | −0.5 | 5.7 | 1 | 0.1 | 14.1 |
| Net profit | 22.4 | −14.2 | −24.6 | −5 | −5.9 | −11.9 | 4.6 | −2.2 | −2.6 | −0.2 | 11.6 | 10.6 | 7.7 | −2.6 | −18.6 | −24.5 | −33.4 | −26.5 | −39.4 | −33.9 | −39.9 | −31.6 | −19.5 | −27.9 | −19.8 | 13.8 | −10.7 | −42.2 | −28 | −27.3 | −15.4 | −27 | −33.9 |
| Net margin | 9.3% | -29.8% | -59.1% | -10.2% | -8.2% | -12.7% | 3.2% | -1.5% | -1.9% | -0.1% | 5.8% | 7.0% | 5.3% | -1.6% | -11.3% | -20.6% | -28.0% | -34.7% | -51.3% | -52.4% | -53.2% | -30.0% | -25.0% | -79.5% | -18.4% | 7.3% | -5.7% | -46.6% | -31.5% | -28.4% | -13.0% | -21.9% | -36.2% |
| EPS (₹) | 1.84 | -1.17 | -2.04 | -0.40 | -0.48 | -1.16 | 0.56 | -0.07 | -0.25 | -0.01 | 1.17 | 1.04 | 0.69 | -0.14 | -1.83 | -2.40 | -3.29 | -2.58 | -3.88 | -3.34 | -3.94 | -3.13 | -1.93 | -2.76 | -1.97 | 1.38 | -1.06 | -4.16 | -2.75 | -2.70 | -1.50 | -2.67 | -3.23 |
| Net profit YoY | +476.6% | – | −107.3% | −207.6% | −167.6% | −5937.1% | −60.1% | −121.0% | −133.7% | +92.6% | +162.3% | +143.3% | +123.1% | +90.0% | +52.8% | +27.8% | +16.2% | +16.4% | −101.7% | −21.6% | −100.8% | −329.3% | −82.0% | +33.9% | +29.1% | +150.5% | +30.5% | −56.1% | +17.5% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 211 | 625 | 593 | 337 | 294 | 574 | 428 | 413 |
| Other income | 10.3 | 6 | 13.4 | 7.3 | 13.4 | 8.6 | 31.8 | 19 |
| Total expenses | 285 | 598 | 631 | 475 | 428 | 604 | 551 | 483 |
| EBITDA | −65.8 | 46 | −19.1 | −122 | −104 | 10.7 | −105 | −51.8 |
| EBITDA margin | -31.2% | 7.4% | -3.2% | -36.1% | -35.4% | 1.9% | -24.6% | -12.5% |
| Finance costs | 1.9 | 10.6 | 8.2 | 1.8 | 1.7 | 2.7 | 0 | 0.1 |
| Depreciation | 6.7 | 8.1 | 10.4 | 15 | 28.6 | 38.8 | 18.1 | 17.7 |
| Profit before tax | −64 | 33.3 | −24.2 | −131 | −110 | −22.2 | −91.4 | −59.6 |
| Tax | −14.4 | 13.9 | 13.8 | 2 | 8.5 | 36.8 | 6.3 | −13.2 |
| Net profit | −49.6 | 19.4 | −38 | −133 | −119 | −59 | −97.8 | −46.3 |
| Net margin | -23.5% | 3.1% | -6.4% | -39.5% | -40.5% | -10.3% | -22.9% | -11.2% |
| EPS (₹) | -4.09 | 1.96 | -3.67 | -13.09 | -11.75 | -5.81 | -9.63 | -4.95 |
| Net profit YoY | – | +151.0% | +71.5% | −12.0% | −101.7% | +39.7% | −111.0% | – |
EPS is as filed for each period and is not restated for later bonus issues or splits.
Cash flow
annual · ₹ crore| ₹ crore | FY26 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Operating cash flow | −72.8 | 65.8 | −47.3 | −120 |
| Investing cash flow | 71.3 | −17.7 | 13.5 | 19.3 |
| Financing cash flow | 14.7 | −32 | 43.7 | 35.5 |
| Capital expenditure | 3.5 | 7.1 | 5 | 2.7 |
| Free cash flow (CFO − capex) | −76.2 | 58.7 | −52.3 | −122 |
Net profit trend
annual, ₹ croreFY20
₹−59
FY21
₹−119−102%
FY22
₹−133−12%
FY23
₹−38+71%
FY24
₹19.4+151%
FY26
₹−49.6−356%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 13 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 13 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated | 26 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone | 26 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 13 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 13 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 13 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 13 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 12 Aug 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 12 Aug 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 46.4×-53.6×
P/B5Y avg 1.70×1.83×
ROEFY26, on average equity-9.4%
Net margin-23.5%
Debt / equity0.02×
Revenue CAGR (3Y)-14.5%
Profit CAGR (3Y)–
EPS (TTM)₹-1.75
Market cap₹1,143 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.83×
vs 7-point avg 1.70× (+8%)
1.11× low1.70× avg2.27× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹854 Cr+20%
Net worth₹624 Cr+45%
Total borrowings₹14 Cr−82%
Cash & bank balances₹25 Cr−36%
Investments₹110 Cr+261%
Inventories₹208 Cr+8%
Trade receivables₹60 Cr−55%
Trade payables₹102 Cr−6%
Change vs the same date a year earlier.
Revenue mix FY26
Commissioned Programs74.4%result ₹−11.7 Cr
Digital18.3%result ₹−18 Cr
Films7.3%result ₹−30.7 Cr
Segment revenue as reported, before inter-segment eliminations.