Padmalaya Telefilms FY26 loss widens, auditors flag unpaid GST
Padmalaya Telefilms Limited reported a widened net loss of ₹54.75 lakh for FY26, compared to ₹27.24 lakh in FY25, as total income dropped to ₹14.90 lakh and expenses increased to ₹69.65 lakh. The statutory auditors issued a qualified opinion due to unpaid GST liabilities of ₹56.06 lakh and the lack of physical verification for inventory worth ₹1,313.14 lakh, raising concerns about asset valuation. Total assets declined to ₹1,963.20 lakh, while borrowings increased to ₹54.40 lakh.

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Padmalaya Telefilms Limited reported a net loss of ₹54.75 lakh for the financial year ended March 31, 2026, widening from a loss of ₹27.24 lakh in the previous year. The company's total income for the year declined to ₹14.90 lakh from ₹23.70 lakh in FY25, while total expenses increased to ₹69.65 lakh from ₹50.94 lakh. The statutory auditors issued a modified opinion on the financial results, citing unpaid GST liabilities and the absence of physical verification reports for inventory valued at ₹1,313.14 lakh.
Financial Performance
The company recorded a loss from operations before tax of ₹54.75 lakh for FY26, compared to a loss of ₹27.24 lakh in the previous year. For the quarter ended March 31, 2026, the net loss stood at ₹27.94 lakh. Basic earnings per share (EPS) for the year was a loss of ₹0.32, compared to a loss of ₹0.16 in FY25. The company operates in a single segment: Film Production, Distribution & Exhibition.
| Metric | FY26 (₹ in Lakhs) | FY25 (₹ in Lakhs) |
|---|---|---|
| Total Income | 14.90 | 23.70 |
| Total Expenses | 69.65 | 50.94 |
| Net Loss | (54.75) | (27.24) |
| Basic EPS | (0.32) | (0.16) |
Audit Qualifications
P. Murali & Co., Chartered Accountants, issued a qualified opinion in their audit report. The auditors noted that the company has not paid GST liabilities of ₹56.06 lakh as of March 31, 2026. Additionally, the company failed to submit physical verification reports for inventory aggregating to ₹1,313.14 lakh. The auditors stated they were unable to obtain sufficient appropriate audit evidence regarding the physical existence and valuation of this inventory, nor could they comment on its realizable value due to the lack of alternative corroborative evidence.
Balance Sheet Highlights
The company's total assets stood at ₹1,963.20 lakh as of March 31, 2026, down from ₹2,011.52 lakh in the previous year. Total equity decreased to ₹1,557.63 lakh from ₹1,612.38 lakh. Current liabilities rose to ₹371.36 lakh from ₹364.95 lakh, primarily driven by an increase in borrowings to ₹54.40 lakh from ₹38.20 lakh. Cash and cash equivalents improved marginally to ₹0.61 lakh from ₹0.51 lakh.
Historical Stock Returns for Padmalaya Telefilms
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.87% | +0.99% | +3.54% | -23.98% | -0.97% | +56.70% |
How does the company plan to address the unpaid GST liabilities of ₹56.06 lakh given the widening net loss?
What steps will management take to complete the physical verification of the ₹1,313.14 lakh inventory to satisfy auditors?
Will the increase in borrowings to cover operational gaps continue in the coming fiscal year?





























