Attached is revised Outcome of the Board Meeting held on Thursday, February 12, 2026 in accordance with the SEBI (LODR), 2015.
PNC · price
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Awaiting price reaction for this filing.
Pritish Nandy Communications reported Q3 FY26 standalone revenue of Rs 976.76 lakhs, more than tripling from Rs 302.93 lakhs in Q3 FY25, partly boosted by a licensing deal with Shemaroo Entertainment for 18 older film titles. Nine-month revenue rose about 36% to Rs 3,517.12 lakhs versus Rs 2,579.48 lakhs a year ago. However, the company booked a large one-time write-down of Rs 1,756.09 lakhs (standalone) / Rs 1,750.86 lakhs (consolidated) on its content library, reflecting weaker demand and lower valuations for older films on OTT and satellite platforms. After this exceptional charge, standalone net loss for the quarter widened to Rs 1,021.81 lakhs from Rs 36.52 lakhs a year ago, and the nine-month net loss stood at Rs 1,050.72 lakhs. Auditor B.D. Jokhakar & Co. issued an unmodified limited review report but drew attention to the write-down and two ongoing legal recovery cases. Management says the write-down is non-cash and won't affect ongoing operations.
The revenue growth story is positive, but shareholders should be aware that a heavy one-time inventory write-off drove the company deeper into quarterly losses; since management clarifies it is non-cash with no continuing impact, it is essentially an accounting reset rather than a sign of worsening core business, though near-term profitability remains under pressure.