Balaji Telefilms Limited has informed the Exchange about Transcript
BALAJITELE · price
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Balaji Telefilms reported FY26 revenue of INR 210 crores (down from INR 453 crores in FY25) with EBITDA loss of INR 65.8 crores and net loss of INR 49.6 crores. The company is undergoing a strategic transformation, expanding its Netflix partnership with 2 new web series and an order book of ~INR 350 crores. The company launched micro drama content through Vertigo TV partnership and expects its digital business to turn cash positive in FY27. ALT-Marinating Films amalgamation resulted in INR 113 crores GST input credit, and the company expects zero tax liability for the next 4-5 years. TV business showed turnaround from INR 7 crores loss in Q3 to INR 4 crores profit in Q4, supported by hit shows Kyunki Saas Bhi Kabu Thi 2 and Naagin 7. Motion Pictures business has 17 movies in pipeline over 3 years with 4 releases planned for FY27. Management guided FY27 revenue target of ~INR 800 crores with improvement visible from Q1 itself.
The company is pivoting from a TV-focused production house to an IP-led content creator with Motion Pictures expected to contribute over 50% of revenue. While FY26 reflects transitional challenges and industry headwinds, the expanded OTT partnerships, diversified digital initiatives, and strong film pipeline provide revenue visibility. However, management explicitly acknowledged that OTT margins are lower than TV margins, which may limit profitability upside despite higher revenue.