Panorama Studios Q1 Results: Net profit down 45% YoY to ₹24.4 lakh
Panorama Studios International Ltd reported Q1FY27 net profit of ₹24.41 lakh, down 45% YoY, amid a 54% revenue drop to ₹160.23 lakh. Expenses fell 56% to ₹127.61 lakh. Sequential declines also recorded. No dividend declared.
*this image is generated using AI for illustrative purposes only.
Panorama Studios International Ltd reported a significant contraction in both revenue and profitability for the first quarter of fiscal year 2027 (Q1FY27). The Mumbai-based film production and distribution company posted a net profit of ₹24.41 lakh for the quarter ended June 30, 2026, down from ₹44.23 lakh in the corresponding quarter of the previous fiscal year. This represents a 45% year-on-year decline in bottom-line earnings.
Revenue from operations dropped sharply by 54% to ₹160.23 lakh, compared to ₹348.19 lakh in Q1FY26. The decline in top-line growth was accompanied by a steeper reduction in total expenses, which fell 56% to ₹127.61 lakh from ₹288.53 lakh in the prior year’s quarter. This cost discipline helped preserve margins despite the substantial revenue contraction.
Financial Performance Overview
The company’s operating profit before tax and exceptional items stood at ₹32.63 lakh, down from ₹59.67 lakh in Q1FY26. Profit before tax remained unchanged at ₹32.63 lakh after accounting for no exceptional items. The effective tax rate resulted in a net profit of ₹24.41 lakh, compared to ₹44.23 lakh previously.
| Metric | Q1FY27 | Q1FY26 | Change |
|---|---|---|---|
| Revenue from Operations | ₹160.23 lakh | ₹348.19 lakh | -54% |
| Total Expenses | ₹127.61 lakh | ₹288.53 lakh | -56% |
| Profit Before Tax | ₹32.63 lakh | ₹59.67 lakh | -45% |
| Net Profit | ₹24.41 lakh | ₹44.23 lakh | -45% |
On a sequential basis, revenue also declined, falling to ₹160.23 lakh from ₹227.61 lakh in the preceding quarter (Q4FY26). Net profit similarly decreased to ₹24.41 lakh from ₹35.23 lakh in Q4FY26.
What the Numbers Show
A notable divergence exists between the rate of revenue decline and expense reduction. While revenue fell 54%, total expenses contracted at a faster pace of 56%. This suggests that the company managed to reduce its cost base more aggressively than its income stream shrank, preventing a wider margin erosion. However, the absolute scale of operations has diminished significantly, with revenue less than half of what it was a year ago.
The full-year revenue for FY26 was ₹1,487.49 lakh, providing context that Q1FY27 represents roughly 10.8% of the previous year’s total top line. Equity share capital remained unchanged at ₹142.87 lakh.
Corporate Actions
The Board of Directors approved the unaudited standalone and consolidated financial results during its meeting held on August 14, 2025. The results were published in the newspapers Pratahkal (Marathi) and Active Times (English) on August 18, 2026, as per SEBI LODR regulations. Kumar Mangat Pathak, Managing Director, signed off on the financial statements.
The company did not declare any dividend for the quarter. There were no disclosures regarding order inflows, new project announcements, or strategic initiatives in the filing.
Historical Stock Returns for Panorama Studios International
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.65% | +1.65% | +1.65% | +1.65% | +1.65% | +1.65% |
What specific cost-cutting measures enabled Panorama Studios to reduce expenses by 56%, and are these reductions sustainable without impacting future production quality?
Given the 54% revenue drop, what is the current status of the company's film slate, and are there any major releases scheduled for the remainder of FY27 to drive recovery?
How does the lack of dividend declaration reflect the company's cash flow priorities, and will management focus on debt reduction or reinvestment in new projects?
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