The Un-audited Financial Results for the Quarter and Nine Months Ended 31st December, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Picturehouse Media reported a standalone net profit of Rs 35.71 lakhs for Q3 FY26 versus a loss of Rs 28.94 lakhs in the same quarter last year, and a 9-month profit of Rs 32.96 lakhs versus a loss of Rs 137.86 lakhs a year ago. Consolidated 9-month net profit stood at Rs 49.08 lakhs versus a Rs 59.93 lakh loss. However, revenue from operations is negligible at Rs 1.67 lakhs for 9M FY26 (down from Rs 2.39 lakhs) and the profit is entirely driven by 'other income' of Rs 427.39 lakhs. The company carries a negative standalone net worth of Rs 4,040.79 lakhs and consolidated negative net worth of Rs 6,292.76 lakhs. The statutory auditor has issued a qualified review report citing concerns over Rs 2,879.84 lakhs of film inventory advances with no supporting documentation, Rs 2,521.74 lakhs investment in its NBFC subsidiary PVP Capital (whose RBI registration was cancelled), and material uncertainty on the going concern assumption.
Despite the headline swing to profit, the company's core business has almost no revenue, its net worth is deeply negative, and the auditor has flagged the going concern assumption and multiple asset valuations. This is a high-risk situation for shareholders, as the reported profit is not from operations but from other income, and the auditor has qualified the results on several counts.