Pritish Nandy FY26 loss widens on content write-down
Pritish Nandy Communications reported a widened net loss of ₹1,258.87 lakh for FY26, driven by a ₹1,756.09 lakh write-down of its content library following a licensing deal with Shemaroo Entertainment. Total income increased to ₹3,765.74 lakh. Q4 income fell to ₹248.62 lakh with a net loss of ₹208.15 lakh.

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Pritish Nandy Communications reported a widened net loss of ₹1,258.87 lakh for the financial year ended March 31, 2026, primarily due to an exceptional write-down of its content library. The company’s total income for the year rose to ₹3,765.74 lakh from ₹3,358.42 lakh in the preceding year. The board approved the financial results during its meeting on May 26, 2026.
The exceptional item stems from a licensing agreement with Shemaroo Entertainment Limited for the global broadcasting and streaming rights of 18 titles from the company's library for 11 years. Following this agreement, the management reassessed the carrying value of its content library based on expected future revenues and an external valuation report. Consequently, the cost of the content amounting to ₹1,756.09 lakh was written down. The company clarified that this non-cash item does not impact its regular operations or cash flows.
For the fourth quarter of FY26, the company reported a total income of ₹248.62 lakh, a significant decrease from ₹976.76 lakh in the same quarter of the previous year. The net loss for the quarter widened to ₹208.15 lakh compared to a loss of ₹1,021.81 lakh in Q4 of the previous year.
Operational Highlights and Legal Settlement
The company noted the successful performance of its content, including the global premiere of Season 1 of its Netflix original series The Royals on May 9, 2025. The series trended in Netflix's Global Top 10 Non-English TV Shows across 58 countries and has been renewed for a second season, with filming scheduled to commence in Q2 of the current financial year. Additionally, Season 4 of the Amazon Prime original series Four More Shots Please! premiered globally on December 19, 2025.
In a legal development, the company received ₹255 lakh from White Feather Films pursuant to an order by the Hon'ble Bombay High Court dated April 21, 2026. This payment settled an arbitration award from 2016. As a result, the balance amount of ₹62.54 lakh was written off. The company aims to commence production on at least two more projects later this financial year.
Financial Summary for FY26
| Metric | Q4 FY26 (₹ in lakh) | Q4 Previous Year (₹ in lakh) | FY26 (₹ in lakh) | Previous Year (₹ in lakh) |
|---|---|---|---|---|
| Total Income | 248.62 | 976.76 | 3,765.74 | 3,358.42 |
| Net Loss | 208.15 | 1,021.81 | 1,258.87 | 97.14 |
Historical Stock Returns for Pritish Nandy Communications
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.27% | -0.48% | -13.65% | -32.91% | -35.30% | -56.14% |
How will the 11-year licensing deal with Shemaroo Entertainment impact Pritish Nandy Communications' recurring revenue streams beyond the initial write-down?
What is the projected production budget and expected release timeline for the upcoming projects slated to begin later this financial year?
Will the success of 'The Royals' and 'Four More Shots Please!' lead to renegotiated terms or higher licensing fees for future original content deals with OTT platforms?


































