Basilic Fly Studio Limited reported a 34.1% increase in consolidated revenue from operations to ₹4,078 million for the financial year ended March 31, 2026, compared to ₹3,041 million in the previous year. Consolidated profit after tax for the year rose 13.2% to ₹506 million from ₹447 million in FY25. The company’s operational EBITDA grew 19.2% to ₹852 million, with margins at 20.89%. The Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at its meeting held on May 29, 2026. In continuation to this intimation and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company conducted an earnings conference call on June 02, 2026, to discuss the audited financial results. The audio recording of the earnings conference call is available on the website of the company at https://basilicflystudio.com/wp-content/uploads/2026/01/Concall-Basilic-Fly-Studio-Limited-02062026.mp3 .

On a standalone basis, revenue from operations increased 63.8% to ₹1,204 million, while profit after tax rose 84.8% to ₹316 million. The financial statements represent the company's first-time adoption of Indian Accounting Standards (Ind AS). On transition to Ind AS, the company's profit after tax for the year ended March 31, 2026, under previous GAAP was ₹319 million, which stands reconciled to ₹316 million under Ind AS. The statutory auditors, L U Krishnan & Co, issued an unmodified opinion on the standalone and consolidated financial results.

Financial Performance

For the quarter ended March 31, 2026, consolidated revenue from operations stood at ₹1,134 million, a decrease of 15.1% year-on-year, while profit for the period was ₹154 million. Standalone revenue for the quarter was ₹266 million, with a profit of ₹31 million. Basic earnings per share for the consolidated entity were ₹20.78 for FY26, compared to ₹19.20 in the previous year.

Operational Highlights

The company delivered 410 projects for 108 global clients across FY26, executing 624 movies and series. It reported a current active bid pipeline of £35M heading into the next fiscal year, with approximately 55% of the pipeline at an advanced stage of conversion. Geographically, Europe contributed 60% of the revenue, followed by North America at 21%, Others at 17%, and Australia & New Zealand at 2%.

Fund Utilisation

The company has partly utilised proceeds from its Initial Public Offer (IPO) and Qualified Institutions Placement (QIP). Out of the net IPO proceeds of ₹605.28 million, ₹368.40 million has been utilised, leaving ₹236.88 million unutilised as of March 31, 2026. Regarding the QIP, net proceeds of ₹804.80 million were raised, of which ₹411.28 million has been utilised, with ₹393.52 million remaining unutilised.

Strategic Outlook

Management stated that the order book for FY27 stands at ₹232 crore, with an active bidding pipeline of approximately ₹456 crore. The company has onboarded 14 senior leadership hires in FY26, including Adrian De Wet and Abhishek Nair, to drive business development and technology initiatives. The total cost for these hires is expected to range between £1.2 million and £1.5 million annually. The company is investing in proprietary AI-enabled workflows and Universal Scene Description (USD) pipeline technology to improve scalability and margins. Additionally, the company is evaluating 7 to 8 potential acquisition targets, with 2 to 3 in advanced stages, targeting entities with a top line of ₹200 crore to ₹300 crore.

Basilic Fly Studio Limited has announced the completion of the dispatch of its Postal Ballot Notice dated May 13, 2026. The notice was published in the Financial Express and Makkal Kural on May 21, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company is seeking shareholder approval to advance loans, provide guarantees, or offer securities under Section 185 of the Companies Act, 2013.

Special Resolution Details

The board seeks approval to advance loans, including book debts, or provide guarantees and securities to subsidiaries, associates, joint ventures, or group entities. The aggregate amount for such transactions shall not exceed Rs. 50 Crores. The funds are intended to be utilized for the principal business activities of the borrowing entities. The board is authorized to finalize terms and conditions and delegate powers to directors or key managerial personnel.

E-Voting Schedule

The remote e-voting facility will be available to members whose names appear in the Register of Members or Register of Beneficial Owners as of May 15, 2026. The voting period commences on May 21, 2026, at 9:00 a.m. IST and concludes on June 19, 2026, at 5:00 p.m. IST. Votes must be cast before the deadline to be considered valid.

Scrutinizer and Results

Mr. M. Alagar and Mr. D. Saravanan, Designated Partners of Alagar & Associates LLP, have been appointed as scrutinizers. The scrutinizer will submit a report to the Chairman upon completion of the vote scrutiny. The results of the postal ballot, along with the scrutinizer's report, are expected to be announced on or before June 23, 2026. The results will be available on the company's website and the NSE website.

Voting Process

The postal ballot notice is being sent electronically to members with registered email addresses. Physical copies are not being dispatched in compliance with Ministry of Corporate Affairs circulars. Shareholders can vote through the NSDL e-Voting system using their demat account details or existing IDeAS credentials. Institutional shareholders are required to send scanned copies of board resolutions to the scrutinizer.