Financial Performance (Consolidated)
Q4FY26 Financials:
- Total Income: ₹36.07 Cr (compared to ₹39.28 Cr in Q4FY25, down -8.17% YoY; and ₹39.57 Cr in Q3FY26, down -8.85% QoQ)
- EBITDA: ₹5.96 Cr (compared to ₹3.82 Cr in Q4FY25, up 55.61% YoY; and ₹4.66 Cr in Q3FY26, up 27.90% QoQ)
- EBITDA Margin: 16.52% (compared to 9.73% in Q4FY25 and 11.79% in Q3FY26)
- Profit After Tax (PAT): ₹2.08 Cr (compared to ₹1.87 Cr in Q4FY25, up 11.23% YoY; and ₹2.34 Cr in Q3FY26, down -11.11% QoQ)
- PAT Margin: 5.77% (compared to 4.77% in Q4FY25 and 5.93% in Q3FY26)
FY26 Full Year Financials:
- Total Income: ₹118.45 Cr (compared to ₹89.76 Cr in FY25, up 31.96% YoY)
- EBITDA: ₹17.10 Cr (compared to ₹9.68 Cr in FY25, up 76.47% YoY)
- EBITDA Margin: 14.44% (compared to 10.78% in FY25)
- Profit After Tax (PAT): ₹7.95 Cr (compared to ₹4.92 Cr in FY25, up 61.59% YoY)
- PAT Margin: 6.71% (compared to 5.48% in FY25)
Strategic Updates & Acquisitions
- Completed acquisition of 50.01% stake in Moving Images, making it a wholly owned subsidiary. Moving Images is a digital-first storytelling lab focused on youth, experimental, and platform-native formats.
- Acquired a 20% strategic stake in Lehren Networks to leverage one of India's largest vintage film-content libraries and strengthen digital monetization via YouTube CMS.
- Launched Bodhi AI, an artificial intelligence unit, with the rollout of CastMatch AI to streamline casting and improve production efficiency.
Operational Highlights for Q4FY26
- Produced approximately 200 hours of original content across television, OTT, and digital platforms during the quarter.
- Produced 5 shows for leading broadcasters and platforms including Colors, JioStar, Zee, Dangal, and Shemaroo.
- Launched key titles including Jagriti, Pati Patni Panga, Rang Baaz Dilon Ka, Ashok Ma Ma, and Dil Dhoka Desire.
Business Overview & Strategy
The company is transitioning from a commissioned production model to an IP ownership and monetization model. Its strategy is built on:
- Multi-Studio, Creator-Led Ecosystem: Operating through four verticals: TV, OTT, Digital, and Film & FAST TV.
- IP Monetization: Focusing on co-created and owned IP to build a long-term scalable content library, aiming for multi-cycle monetization through syndication, remakes, and format rights.
- Global Reach: Content syndicated to 100+ countries.
- Technology Integration: Using Bodhi AI to improve production speed, localization, and workflows, claiming 20-40% cost savings and reduction in script-to-screen time from 12-14 weeks to 4-5 weeks.
Subsidiaries & Collaborations Structure
The company operates a multi-studio model with the following key units:
- Madlabs Alpha: High-concept storytelling studio behind the show Asur.
- Moving Images: Digital-first storytelling lab for unscripted content (now a wholly owned subsidiary).
- Guroudev Bhalla Screens: Legacy-driven content studio for television dramas.
- Amit Khan Content Hub: Literary-driven IP engine based on 100+ novels.
- Bodhi Tree Ventures: Dedicated sales and monetization arm for syndication and digital sales.
- Bodhi AI: AI unit for production efficiency.
- Studio Bodhi: Flagship production and IP development studio.
Management Commentary
Mautik Tolia, Managing Director & CEO, stated that Q4 and FY26 reflect a strong step forward in the company's growth journey and its continued transition from a commissioned production company to an IP-led, multi-platform content business. The long-term vision is to build a company known for creating enduring stories and meaningful creative assets.
Forward-Looking Statements
The presentation contains forward-looking statements regarding market opportunity, business prospects, and growth drivers, which are subject to known and unknown risks and uncertainties. The company assumes no obligation to update any forward-looking information.
Investor Engagement
The company has scheduled a conference call to discuss Q4 and FY26 results on Friday, 5th June 2026 at 3:30 PM IST with Mr. Mautik Tolia, MD & CEO.