52 Weeks Entertainment FY26 Results: Net profit turns positive on GST writeback
- Net profit turned positive at ₹11.48 lakh in FY26, reversing a ₹11.75 lakh loss in FY25
- Profitability driven entirely by a ₹25.60 lakh write-back of excess GST provisions
- Zero revenue recorded from core film production and distribution operations
- Total expenditure rose 20.3% YoY to ₹14.13 lakh due to higher finance and other costs
- Cash position improved marginally to ₹1.53 lakh; assets remain largely illiquid
*this image is generated using AI for illustrative purposes only.
52 Weeks Entertainment Limited reported a net profit of ₹11.48 lakh for the fiscal year ended March 31, 2026, marking a reversal from a net loss of ₹11.75 lakh in the previous year. The company’s total income stood at ₹25.60 lakh, entirely derived from a non-operational source: the write-back of an excess provision for Goods and Services Tax (GST). No revenue was generated from its core film production and distribution business during the period.
The Mumbai-based entertainment firm saw its total expenditure rise to ₹14.13 lakh from ₹11.75 lakh in FY25. Despite the increase in costs, the significant one-time income from the GST adjustment allowed the company to close the year with a positive bottom line. The Board of Directors did not recommend any dividend for the financial year.
Financial Performance Overview
The company’s financial statements highlight a stark divergence between operational activity and accounting adjustments. While the entity continues to operate in the film and TV serial production space, it recorded zero revenue from operations in both FY26 and FY25.
| Metric | FY26 (₹ lakh) | FY25 (₹ lakh) | Change |
|---|---|---|---|
| Revenue from Operations | - | - | - |
| Other Income | 25.60 | - | New |
| Total Income | 25.60 | - | - |
| Total Expenditure | 14.13 | 11.75 | +20.3% |
| Net Profit / (Loss) | 11.48 | (11.75) | Turnaround |
The rise in expenditure was primarily driven by higher other expenses, which increased to ₹10.94 lakh from ₹9.66 lakh. Employee benefit expenses also saw a marginal increase to ₹2.16 lakh from ₹1.92 lakh. Finance costs rose significantly to ₹1.02 lakh from ₹0.16 lakh, reflecting increased interest obligations on borrowings.
Balance Sheet and Cash Position
As of March 31, 2026, the company’s total assets remained stable at ₹1,989.53 lakh, compared to ₹1,989.00 lakh in the prior year. The asset base is heavily weighted towards non-current and long-term items rather than liquid operational capital.
| Asset Class | FY26 (₹ lakh) | FY25 (₹ lakh) |
|---|---|---|
| Loans (Current) | 867.67 | 867.67 |
| Other Current Assets | 1,050.45 | 1,050.91 |
| Inventories | 16.00 | 16.00 |
| Cash and Equivalents | 1.53 | 0.53 |
Cash and cash equivalents improved slightly to ₹1.53 lakh from ₹0.53 lakh. However, the balance sheet shows significant illiquid assets, including ₹867.67 lakh in current loans and advances and ₹53.89 lakh deposited with a Custodian Special Court related to ongoing litigation involving a former benami property dispute. The company holds no property, plant, or equipment with a net carrying value, as existing assets have been fully depreciated to scrap value.
What the Numbers Show
The most critical observation from the FY26 filing is that the reported profitability is entirely non-operational. The ₹11.48 lakh net profit is directly attributable to the ₹25.60 lakh GST provision write-back, which constitutes approximately 223% of the final profit figure. With zero revenue from operations and rising finance costs, the underlying business remains dormant. The improvement in the bottom line does not reflect any change in commercial activity or demand for the company’s film production services, but rather a correction in prior tax provisioning.
Corporate Governance and Compliance
The company convened its 33rd Annual General Meeting via video conferencing on September 24, 2026. The agenda included the adoption of financial statements and the re-appointment of Whole-time Director Shantanu Sheorey, who retires by rotation.
The secretarial audit report highlighted two compliance observations: promoter shareholding is not fully dematerialized, and independent directors have not cleared the mandatory online self-assessment proficiency test. The statutory auditors, B.M. Gattani & Co., issued an unqualified opinion on the financial statements but noted outstanding statutory dues related to GST and income tax assessments pending from previous years.
Historical Stock Returns for Shantanu Sheorey Aqua
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.82% | -3.57% | -2.70% | -22.86% | -33.33% | 0.0% |
What specific strategic initiatives is 52 Weeks Entertainment planning to launch to generate operational revenue from its film production business in FY27?
How will the company address the rising finance costs and outstanding statutory dues without generating cash flow from core operations?
What is the expected timeline for the resolution of the benami property litigation involving the ₹53.89 lakh deposit with the Custodian Special Court?
15
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
