Financial Results Overview

The Board of Directors at their meeting held on November 12, 2026, approved the unaudited standalone financial results for the quarter and half year ended September 30, 2026.

Key Financial Figures (₹ in Lakhs)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹3,803.45
  • Other income: ₹104.00
  • Total income: ₹3,907.45
  • Total expenses: ₹3,732.18
  • Profit before tax: ₹175.73
  • Current tax: ₹29.49
  • Deferred tax: ₹6.04
  • Net profit: ₹140.20
  • Basic EPS: ₹0.49
  • Diluted EPS: ₹0.49

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹4,451.30
  • Other income: ₹113.19
  • Total income: ₹4,564.49
  • Total expenses: ₹4,354.52
  • Profit before tax: ₹209.97
  • Current tax: ₹32.01
  • Deferred tax: ₹8.94
  • Net profit: ₹169.02
  • Basic EPS: ₹0.60
  • Diluted EPS: ₹0.60

Comparative Figures

Quarter Ended June 30, 2026:

  • Revenue: ₹647.85 lakh
  • Net profit: ₹24.04 lakh
  • EPS: ₹0.10

Quarter Ended September 30, 2025:

  • Revenue: ₹300.45 lakh
  • Net profit: ₹131.40 lakh
  • EPS: ₹0.55

Balance Sheet Highlights (as at September 30, 2026)

  • Property, Plant & Equipment: ₹948.71 lakh
  • Inventories: ₹18,050.05 lakh
  • Trade receivables: ₹790.75 lakh
  • Cash and cash equivalents: ₹10,247.17 lakh
  • Total assets: ₹36,447.03 lakh
  • Equity share capital: ₹3,114.88 lakh
  • Other equity: ₹27,304.34 lakh
  • Total equity: ₹30,419.22 lakh

IPO Completion and Utilization

The company completed its Initial Public Offer (IPO) during the quarter ended September 30, 2026:

  • Fresh issue: 48,00,034 equity shares at ₹360 per share (face value ₹10, premium ₹350)
  • Fresh issue amount: ₹172.80 crore
  • Offer for sale: 30,37,157 equity shares aggregating ₹109.34 crore
  • Total offer size: ₹282.14 crore
  • Listing date: August 25, 2026

IPO Proceeds Utilization:

  • Working Capital Requirements: ₹112.50 crore (utilized ₹66.03 crore, unutilized ₹46.47 crore)
  • General Corporate Purposes: ₹43.02 crore (utilized ₹10.40 crore, unutilized ₹32.62 crore)
  • Company's Share of Offer Expenses: ₹17.28 crore (utilized ₹12.82 crore, unutilized ₹4.46 crore)
  • Total utilized: ₹89.25 crore
  • Total unutilized: ₹83.55 crore

Deviation in IPO Proceeds Utilization

The company reported a minor deviation: GST payment of ₹1.44 crore on Offer for Sale expenses was made from IPO proceeds allocated to "Working Capital Requirements," which is not explicitly covered within the stated object. Management confirmed this amount would be recovered from selling shareholders.

Auditor Review

The financial results were reviewed by M/s. Satyanarayan Goyal & Co. LLP, Chartered Accountants (FRN: 006636C/C400333), who issued a limited review report confirming compliance with accounting standards and SEBI regulations.

Business Context

The company operates in film production, distribution, and media content creation. Revenue recognition is non-linear due to theatrical release schedules and content delivery timelines, making quarter-on-quarter comparisons less meaningful.

Meeting Details

The Board meeting commenced at 5:30 PM and concluded at 6:30 PM on November 12, 2026.