Date: August 06, 2026

Financial Results (Standalone & Consolidated)

Q1 FY27 Performance (INR crore):

  • Revenue: INR 1,267cr (Q1 FY26: INR 1,023cr), representing 23.8% YoY growth
  • QoQ Revenue change: (8.5%) from Q4 FY26 (INR 1,384cr)
  • Personnel Cost: INR 844cr (29.4% YoY increase)
  • Employee Cost: INR 752cr
  • Other Direct Cost: INR 93cr
  • Indirect cost: INR 121cr
  • EBITDA: INR 301cr (23.4% YoY growth)
  • EBITDA Margin: 23.8% (Q1 FY26: 23.9%, Q4 FY26: 35.3%)
  • Other Income: INR 12cr
  • D&A: INR 179cr
  • Interest: INR 126cr
  • Profit before Tax (before Exceptional Items and FX): INR 9cr (61.8% YoY growth)
  • Exceptional Items: INR 66cr loss (primarily NCLT proceedings settlement)
  • FX gain/(loss): INR 25cr gain
  • Profit before Tax: INR 33cr loss
  • Tax: INR 13cr expense
  • Net Profit: INR 46cr loss (Q1 FY26: INR 110cr profit)

Additional Financial Context:

  • Net Profit excluding exceptional items: INR 20cr
  • Q1 FY26 included exceptional FX gain of INR 159cr on foreign currency-denominated borrowings
  • Exceptional items of INR 66cr includes: a) INR 71cr towards NCLT proceedings related settlement and b) INR 6cr net gain in relation to JV/subsidiary

Operational Metrics:

  • Global Employees: 10,100+ (c.80% based out of India)
  • Revenue from recurring customers: c.90%
  • Revenue ex-India: c.94%
  • Order book & visible pipeline for FY27 and beyond: INR 4,676cr
  • FY 2026 Revenue: INR 4,676cr (30% YoY growth)
  • Brahma AI Revenue annual run-rate: c.$100m

Business Update

Brahma AI Platform Highlights:

  • Strategic partnership with Hakuhodo Technologies to develop, commercialize and deploy high fidelity digital humans at enterprise scale across Japan and APAC
  • Key implementations completed at The Weather Channel and WNET in the United States for media asset management and media supply chain
  • First Southeast Asian customer (GMA in the Philippines) taken live within a single quarter
  • Healthcare deployment transitioning into enterprise deployment with Phase 1 complete at a leading healthcare institute (digital humans created for 40 physicians)
  • Sports extended into team level content creation with new engagement commencing
  • Google Cloud partnership progressing with joint co-innovation on interactive digital humans

Media Use Cases:

  • Delivered digital likeness of Japanese singer and actress Hibari Misora for Hakuhodo and BS Nippon TV
  • BRAHMA AI Core implementations processing up to 40 concurrent live streams in newsroom ecosystems

Healthcare and Sports Use Cases:

  • NBA league level deployment: BRAHMA AI Core operates as media asset management across 75 years of video and 65m images
  • Handling over 10,000 hours of new media each month
  • Franchise engagement for digital human creation through BRAHMA AI Studio (cohorts of ten per quarter)

Prime Focus Studios - Ramayana Project:

  • Sony Pictures onboard for global theatrical distribution (excluding India) - estimated 50,000+ screens across 100+ theatrical markets
  • Dharma Productions as India (ex-South) Distribution Partner
  • T-Series leads the film's Music & Audio across India
  • Trailer achieved 1BN+ views within first 7 days
  • Showcase at San Diego Comic-Con 2026 with Hall H presentation to 5,000+ attendees

Company Positioning:

  • World's No. 1 independent VFX and animation services provider
  • 8 VFX Oscars (7 in last 10 years)
  • Integrated platform with Creative, AI/Technology, and Production verticals
  • Brahma AI has 3 key product offerings: BRAHMA AI CORE, BRAHMA AI STUDIO, BRAHMA AI Labs
  • Global footprint advantage with large India-based workforce