Financial Results Summary
Q4 FY2026 Performance
- Total Income: ₹254.67 lakh (compared to ₹796 lakh in Q4 FY2025)
- Net Loss (after tax): ₹208.15 lakh (compared to net loss of ₹41.34 lakh in Q4 FY2025)
- Year-over-year income declined by approximately 68% while net loss widened significantly
Annual FY2026 Performance
- Total Income: ₹3,830.99 lakh (compared to ₹3,424.99 lakh in FY2025)
- Net Loss (after tax): ₹1,258.87 lakh (compared to net loss of ₹97.14 lakh in FY2025)
- Year-over-year income increased by approximately 12% but net loss expanded substantially
Exceptional Item Impact
The significant increase in net loss was primarily due to an exceptional item during the year. The Company entered into a licensing agreement with Shemaroo Entertainment Limited for the global broadcasting and streaming rights of 18 titles from its content library for 11 years. Following this agreement, management reassessed the carrying value of its content library considering expected future revenues and an external valuation report. Based on this reassessment, the cost of content of ₹1,756.09 lakh has been written down. This exceptional item does not impact cash flows and will not have continuing impact on future operations.
Operational and Strategic Developments
Content Performance and Production Pipeline
The Royals (Netflix Original Series)
- Season 1 successfully premiered globally on May 9, 2025
- Remained in Netflix's global top 10 shows
- Achieved #1 position on India's top 10 shows
- First Indian series to trend in Netflix's Global Top 10 Non-English TV Shows across 58 countries
- Series has been renewed for a second season
- Season 2 is currently in development and pre-production
- Filming scheduled to commence during Q2 of current financial year (FY2027)
Four More Shots Please! (Amazon Prime Original Series)
- Season 4 successfully premiered globally on December 19, 2025
- International Emmy-nominated series
- Fourth season attracted both existing fans and new audiences globally
- Series has grown its fandom exponentially since its 2019 debut
- Known for championing contemporary Indian women, female friendships, and showcasing Mumbai
Legal Matter Resolution
- Company received arbitration award in its favor against White Feather Films during 2016
- Matter was amicably settled through consent terms filed before Bombay High Court
- Court accepted consent terms via order dated April 21, 2026
- Order permitted White Feather Films to sell one of its properties to pay settlement amount
- Company received ₹255 lakh as settlement payment
- Balance amount of ₹62.54 lakh has been written off
Future Production Plans
- Work continues on development of new series and films
- Company plans to take at least two more productions to filming stage later in current financial year (FY2027)