Key Financial Figures - Consolidated (Q1 FY27)

  • Total Income from Operations: ₹240.3 Crore (vs. ₹72.8 Cr in Q1 FY26; ₹47.6 Cr in Q4 FY26)
  • Other Income: ₹4.1 Crore
  • Total Income: ₹244.4 Crore
  • Profit Before Tax (PBT): ₹28.0 Crore (vs. Loss of ₹7.8 Cr in Q1 FY26; Loss of ₹18.1 Cr in Q4 FY26)
  • PBT Margin: 11.66%
  • Tax Expense: ₹5.6 Crore
  • Profit After Tax (PAT): ₹22.4 Crore (vs. Loss of ₹5.9 Cr in Q1 FY26; Loss of ₹14.2 Cr in Q4 FY26)
  • PAT Margin: 9.32%
  • Basic EPS: ₹1.84 (vs. Negative ₹0.48 in Q1 FY26; Negative ₹1.17 in Q4 FY26)

Key Financial Figures - Standalone (Q1 FY27)

  • Total Income from Operations: ₹240.3 Crore
  • Other Income: ₹4.2 Crore
  • Total Income: ₹244.5 Crore
  • Profit Before Tax (PBT): ₹22.0 Crore (vs. Loss of ₹7.1 Cr in Q1 FY26; Loss of ₹16.7 Cr in Q4 FY26)
  • Tax Expense: ₹5.6 Crore
  • Profit After Tax (PAT): ₹16.4 Crore (vs. Loss of ₹5.3 Cr in Q1 FY26; Loss of ₹12.7 Cr in Q4 FY26)
  • Basic EPS: ₹1.34 (vs. Negative ₹0.44 in Q1 FY26; Negative ₹1.06 in Q4 FY26)

Segmental Performance (Q1 FY27 - Consolidated)

  • Commissioned (TV + Digital) Segment: Revenue ₹45.5 Cr; Operating EBITDA ₹10.7 Cr (19% of top line)
  • Movies Segment: Revenue ₹185.2 Cr; Operating EBITDA ₹23.8 Cr (77% of top line)
  • Digital (B2C) Segment: Revenue ₹9.6 Cr; Operating EBITDA Negative ₹3.7 Cr (4% of top line)

Business Highlights and Strategic Updates

  • Strong Cash Position: The company maintains a strong cash reserve of approximately ₹180 Crore in banks and mutual funds as of the date of the report.
  • Digital Business Order Book: The B2B digital business has an order book exceeding ₹350 Crore with leading OTT platforms.
  • Netflix Partnership: Entered into a long-term creative partnership with Netflix to develop diverse, high-quality content across formats. The collaboration leverages Balaji's storytelling legacy and Netflix's global reach.
  • Content Releases: Successful release of 'Bhooth Bangla'; Upcoming releases include 'Vvan' (planned release on September 25, 2026) and 'Hero Ki Horroin'.
  • New OTT Platform: Official launch of 'Kutingg' – a new OTT platform with fresh slate of family-friendly content in short-format.
  • Successful Series: 'Lock Upp' series released on Netflix achieved 100M+ view hours, 95% episode-to-episode retention, became #1 Global Non-English Unscripted Show, and trended in Top 10 in 12 countries.
  • TV Performance: 'Kyunki Saas Bhi Kabhi Bahu Thi 2' tops the TRP chart. Three shows contributed to 113.5 hours of production in Q1 FY27 for broadcaster Jiostar India Private Ltd.
  • Digital Strategy: Focus on leveraging AI, Automation & IP, reflecting in growth in the Digital segment.
  • Subsidiary Merger: ALT Digital Media Entertainment Limited (ALT) and Marinating Films Private Limited (MFPL), both wholly owned subsidiaries, were merged with Balaji Telefilms Limited in April 2025. The merger aimed to strengthen the Group's financial position, consolidate content production operations, and result in a beneficial tax impact.

Management Commentary

Mrs. Shobha Kapoor, Managing Director, stated: "We are pleased to share that we have entered the new fiscal year on a strong note. The Company saw a robust growth top line and good turnaround in profitability in Q1 FY27. This was primarily driven by strong performance in our Films business, as the recently launched Bhooth Bangla was a box office success." She added that the focus is on "building a strong IP-driven content pipeline which can be leveraged across various platforms and formats" and that they "plan to increase our focus on the Films business in the coming years."

Industry Context Provided

The document includes extensive industry overview data:

  • Media & Entertainment sector grew 11.8% in 2025, projected to reach INR 3.3 trillion by 2028.
  • Digital media revenues crossed INR 1 trillion in 2025, overtaking television as the largest segment.
  • Paid OTT video subscriptions reached 216 million in 2025 across 143 million households.
  • India's total box office hit a record ₹13,395 crore (INR 130 bn) in 2025.
  • Television weekly reach remains at 745 million Indians, with 193 million TV households.

Capital Structure and Shareholding

  • Equity Share Capital: ₹24.4 Cr as of March 31, 2026 (vs. ₹23.9 Cr as of March 31, 2025)
  • Key FII investors include Gothic Corp. and Atyant Capital
  • Reliance Industries leads public shareholding pie

Forward-Looking Statements

The company indicated a continued focus on operational efficiencies and navigating the evolving media landscape while creating long-term value for stakeholders. The Films segment has a strong pipeline of projects for the coming years.

Contacts for Investor Relations

  • Ms. Tannu Sharma, Company Secretary & Compliance Officer
  • Adfactors PR: Mr. Rahul Trivedi, Ms. Mamta Samat, Mr. Rahul Viswanathan