PNC declares Q3 results for the year 2025-26
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PNC reported Q3 total income of Rs 991.12 lakh with an operating profit (before exceptional items and tax) of Rs 212.53 lakh, but a loss after tax of Rs 1021.81 lakh due to a one-time write-down. For the first nine months of FY26, total income rose about 36% to Rs 3576.32 lakh from Rs 2628.99 lakh a year earlier, while operating profit before exceptional items stood at Rs 184.84 lakh. The company signed a major licensing deal with Shemaroo Entertainment for up to 11 years of global broadcasting and streaming rights on several library titles, which triggered a Rs 1756.09 lakh write-down of unamortized content value classified as an exceptional item, partly offset by a Rs 442.01 lakh reversal of deferred tax liability. Management emphasised there is no cash flow impact and no continuing effect on operations. During calendar 2025, three original shows were released: Ziddi Girls and Four More Shots Please! Season 4 on Amazon Prime Video, and The Royals on Netflix, with a second season of The Royals in development.
The large reported loss is purely accounting-driven from the content library write-down tied to the Shemaroo licensing deal and does not affect cash flows or ongoing operations. Underlying revenue growth of around 36% and positive core operating profit suggest the business is performing well, and the licensing deal monetises long-held content at the cost of a one-time charge.