Panorama Studios International Limited reported a 45.7% decline in consolidated net profit to ₹998.45 lakh for the financial year ended March 31, 2026, driven by an 11.4% drop in revenue from operations to ₹30,849.83 lakh. The company’s standalone net profit for the year fell 45.7% to ₹2,195.54 lakh, while revenue from operations stood at ₹29,812.51 lakh, a decrease of 14.4% compared to the previous year. The board approved the audited financial results for both standalone and consolidated entities on May 30, 2026.

Financial Performance

The decline in profitability was attributed to increased operational expenses and finance costs. Consolidated operational expenses for FY26 rose to ₹26,302.13 lakh from ₹25,639.06 lakh in the previous year, while finance costs increased to ₹1,105.79 lakh from ₹890.60 lakh. On a standalone basis, operational expenses were ₹24,669.42 lakh, and finance costs totaled ₹907.33 lakh. The company’s earnings per share (EPS) on a consolidated basis for the year was ₹0.60, down from ₹1.18 in the prior year.

Segment and Operational Details

The company operates in a single segment, the production and distribution of content, in accordance with Indian Accounting Standards (Ind AS 108). The board also took on record and approved related party transactions for the quarter ended March 31, 2026. The statutory auditors, M/s. S I G M A C & CO, issued an unmodified opinion on the standalone and consolidated financial results.

Balance Sheet and Cash Flows

The company’s consolidated total assets as of March 31, 2026, stood at ₹82,070.23 lakh, an increase from ₹55,335.06 lakh in the previous year. Total equity and liabilities increased to ₹82,070.23 lakh, driven by a rise in share capital following a bonus issue and share split. Net cash from operating activities for the year was negative at ₹417.42 lakh, compared to a negative outflow of ₹2,588.10 lakh in the previous year. The company reported no investor complaints for the year ended March 31, 2026.

Key Financial Metrics (Consolidated, ₹ in Lacs)

Key Financial Metrics (Standalone, ₹ in Lacs)

Panorama Studios International Limited has executed a Memorandum of Understanding (MoU) with Mr. Sugat Gyaneshwar Waghmare for the exploitation of theatrical rights for the Marathi language film titled "Out of Syllabus" across all India territory. The agreement, signed on May 26, 2026, covers the distribution and screening of the film throughout the country. This strategic move aims to leverage the theatrical platform to maximize the film's reach and audience engagement.

The film "Out of Syllabus" features a cast including Ajinkya Raoot, Adwayi, Sheshpal Ganvir, Sanika Torskar, and Abhijeet Ramchandra, with direction by Naveen Deshboina. The MoU outlines the terms for the theatrical release, ensuring structured rights management and revenue sharing. The collaboration is expected to enhance the film's market penetration through organized theatrical distribution channels.

Key Details of the Agreement

The disclosure was made to the Bombay Stock Exchange under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company secretary, Yatin Chaphekar, confirmed the execution of the MoU, emphasizing compliance with regulatory requirements. This filing ensures transparency regarding the company's operational activities and strategic partnerships.

The theatrical rights agreement marks a significant step in the film's distribution strategy, positioning it for a wide release across Indian cinemas. The partnership with Mr. Sugat Gyaneshwar Waghmare is anticipated to facilitate efficient management of the film's theatrical run, optimizing box office performance.