Cinevista Q1 Results: Net profit rises 1%, revenue up 62% YoY
Cinevista Limited posted a 62% YoY revenue increase to ₹74.9 lakh in Q1FY27, while net profit remained flat at ₹100.1 lakh. The real estate segment drove growth, while finance costs fell 45%. Deferred tax expenses absorbed much of the pre-tax profit gain.
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Cinevista Limited Cinevista reported a sharp rise in top-line growth for the first quarter of FY27, with consolidated revenue jumping 62% year-on-year to ₹74.9 lakh. The Mumbai-based media and real estate company saw its net profit hold steady at ₹100.1 lakh, compared to ₹99.5 lakh in Q1FY26.
The Board of Directors approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, in a meeting held on August 12, 2026. The results were reviewed by the Audit Committee and subsequently approved by the Board.
Financial Performance
Revenue from operations grew significantly, driven primarily by the company's real estate business. The media business contributed minimally to the total income.
| Metric | Q1FY27 (₹ Lakh) | Q1FY26 (₹ Lakh) | Change |
|---|---|---|---|
| Revenue from Operations | 74.9 | 46.3 | +61.8% |
| Other Income | 0.1 | 0.0 | N/A |
| Total Income | 75.0 | 46.3 | +62.0% |
| Total Expenses | 57.2 | 36.4 | +57.3% |
| Profit Before Tax | 17.8 | 9.9 | +79.4% |
| Net Profit | 10.0 | 9.9 | +0.6% |
Note: Figures are in ₹ Lakhs. Standalone and Consolidated figures are identical.
Segment-wise Breakdown
The real estate segment remains the primary revenue driver, accounting for ₹74.7 lakh of the total revenue. The media business generated ₹1.7 lakh in revenue during the quarter.
While the real estate segment posted a profit before tax and interest of ₹234.3 lakh, the media business incurred a loss of ₹8.1 lakh. This divergence highlights the continued reliance on the joint development agreement with K Raheja Corp Real Estate Private Limited for profitability.
What the Numbers Show
A key observation is the structural shift in the cost base. Finance costs dropped sharply by 45% to ₹49.4 lakh from ₹90.3 lakh in the previous year's corresponding quarter. Despite this significant reduction in interest burden, net profit remained nearly flat. This indicates that the bulk of the operating profit generated—particularly from the real estate segment—is being offset by other unallocable expenditures or deferred tax provisions. Specifically, deferred tax expense stood at ₹75.1 lakh, consuming a substantial portion of the pre-tax profit.
Balance Sheet and Other Developments
The company disclosed that it has elected to apply the revaluation model under Ind AS 16 to its class of freehold land at Kanjurmarg, Mumbai. The revaluation reserve on this land has been transferred to retained earnings, with no impact on the Profit & Loss account.
Additionally, Cinevista noted that it has launched various YouTube channels and created content, expecting a decent flow of revenue in coming years as views and subscribers grow. The consolidated results include figures from subsidiaries Cinevista Eagle Plus Media Pvt. Ltd. and Chimera Entertainment Pvt. Ltd., as well as associate Heritage Productions Pvt. Ltd., all of which reported nil revenue and profit for the quarter.
Historical Stock Returns for Cinevista
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.85% | -0.34% | -5.79% | -5.96% | -13.33% | +13.56% |
How sustainable is the 62% revenue growth given that the real estate segment relies heavily on a single joint development agreement with K Raheja Corp?
What specific strategies is Cinevista implementing to turn its loss-making media business into a profit contributor, especially with the new YouTube content initiatives?
Will the transfer of the revaluation reserve from Kanjurmarg land to retained earnings provide a buffer for future capital expenditures or debt reduction?
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