Key Quantitative Figures - Consolidated (Q2 FY27)

  • Income from Operations: ₹181.15 Crore
  • Other Income: ₹2.70 Crore
  • Total Income: ₹183.85 Crore
  • Profit Before Tax (PBT): ₹44.86 Crore (24.76% Margin)
  • Tax Expenses: ₹12.38 Crore (described as a non-cash deferred tax charge)
  • Profit After Tax (PAT): ₹32.51 Crore (17.95% Margin)
  • Basic EPS: ₹2.67
  • Cash Reserves: Approximately ₹200 Crore

Key Quantitative Figures - Consolidated (H1 FY27)

  • Income from Operations: ₹421.44 Crore
  • Other Income: ₹6.80 Crore
  • Total Income: ₹428.24 Crore
  • Profit Before Tax (PBT): ₹72.87 Crore (17.29% Margin)
  • Tax Expenses: ₹18.00 Crore
  • Profit After Tax (PAT): ₹54.90 Crore (13.03% Margin)
  • Basic EPS: ₹4.52

Segmental Performance (Q2 FY27)

  • Commissioned (TV + Digital B2B): Revenue ₹69.69 Cr | PBT ₹7.03 Cr
  • Movies: Revenue ₹106.31 Cr | PBT ₹41.24 Cr
  • Digital (B2C): Revenue ₹5.06 Cr | PBT (Loss) ₹(3.92) Cr

Segmental Revenue Contribution (H1 FY27)

  • Commissioned business accounted for 27.3% of consolidated revenue.
  • Films contributed approximately 69.2% to consolidated revenue.
  • Digital (B2C) contributed 3.5% to consolidated revenue.

Comparative Performance

Performance showed significant improvement year-over-year (YoY):

  • Q2 FY27 vs Q2 FY26: Revenue from operations increased from ₹48.8 Cr to ₹181.1 Cr. PBT turned from a loss of ₹(6.6) Cr to a profit of ₹44.9 Cr. PAT turned from a loss of ₹(5.0) Cr to a profit of ₹32.5 Cr.
  • H1 FY27 vs H1 FY26: Revenue from operations increased from ₹121.6 Cr to ₹421.4 Cr. PBT turned from a loss of ₹(14.4) Cr to a profit of ₹72.9 Cr. PAT turned from a loss of ₹(10.9) Cr to a profit of ₹54.9 Cr.

Strategic Partnerships and Operational Highlights

  • Netflix Partnership: Entered into a long-term creative partnership with Netflix to develop high-quality content across formats. The show 'Lock Upp' was released on Netflix during the quarter and featured in Netflix's Global Top 10 throughout its entire run. It was the #1 Global Non-English Unscripted Show, top 10 in 12 countries, and drove the highest new sign-ups for Netflix India. It has been renewed for Season 2.
  • YouTube Collaboration: Entered a collaboration with YouTube to create five exclusive premium original shows spanning 200 episodes for global distribution. Balaji retains the IP and creative control, while YouTube provides distribution and monetization through advertising and brand partnerships. The company has an existing YouTube audience of 11M+ subscribers.
  • Digital Order Book: The digital (B2B) order book stands above ₹350 Crore. Shows 'Kohinoor S1' & 'Pact of Silence' are in the pipeline, with an Amazon show in development.
  • Platform Launches: Officially launched 'Kutingg' – a new OTT platform for short-format family-friendly content. Launched the 'AstroGuide' astrology app, which garnered 2.5 lakh downloads in 24 hours.
  • Theatrical Releases: 'Bhooth Bangla' crossed ₹240 crore in worldwide box office collections. 'Vvan' was successfully released in September 2026 and recorded worldwide gross collections of over ₹90 crore.
  • Television Production: Produced 85+ hours of content in Q2 FY27 with two shows on air. 'Kyunki Saas Bhi Kabhi Bahu Thi 2' and 'Naagin 7' topped the TRP charts.

Capital Structure & Balance Sheet (Consolidated as of Sep 30, 2026)

  • Equity Share Capital: ₹24.4 Crore (unchanged from Mar'26)
  • Other Equity: ₹655.3 Crore (vs. ₹599.6 Cr in Mar'26)
  • Total Equity: ₹676.7 Crore (vs. ₹621.1 Cr in Mar'26)
  • Total Borrowings: ₹4.6 Crore (Current) (vs. ₹13.6 Cr in Mar'26)
  • Cash & Cash Equivalents: ₹11.0 Crore
  • Bank Balances: ₹0.5 Crore
  • Investments: ₹193.9 Crore
  • Trade Receivables: ₹108.4 Crore
  • Inventories: ₹179.0 Crore
  • Total Assets: ₹909.3 Crore (vs. ₹853.8 Cr in Mar'26)

Management Commentary

Mrs. Shobha Kapoor, Managing Director, stated: "We are pleased to share that the Company has had a strong first half of the year... The quarter reinforced our belief that a content-first, IP-driven approach is the right foundation for building a resilient business." She highlighted the strength of the Films business and the value of owning stories that can travel across theatres and streaming platforms. The priority looking ahead is to deepen the content pipeline across formats and stay disciplined on operational efficiencies.