Silly Monks Entertainment reports FY26 net loss of ₹198.69 lakh
Silly Monks Entertainment Limited reported a consolidated net loss of ₹198.69 lakh for FY26 against a profit of ₹20.22 lakh in FY25, with total income dropping to ₹2,326.53 lakh. The board approved the change of name to Cresto Tech Limited and appointed Mr. Itikapati Madhusudana Reddy as CFO and Ms. Naneru Greeshma Sandhya as Company Secretary. An EGM is scheduled for June 29, 2026, to approve the name change and alteration of objects.
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Silly Monks Entertainment Limited reported a consolidated net loss of ₹198.69 lakh for the financial year ended March 31, 2026, reversing the net profit of ₹20.22 lakh recorded in the previous year. The company's total income for the year declined to ₹2,326.53 lakh from ₹2,637.55 lakh in FY25, primarily due to a decrease in revenue from operations. The board approved the audited standalone and consolidated financial results for the fourth quarter and year ended March 31, 2026, along with the alteration of the company's objects and a change of name to Cresto Tech Limited, subject to shareholder approval.
Financial Performance
The standalone financial results for FY26 showed a net loss of ₹195.50 lakh, contrasting with a net profit of ₹20.14 lakh in the prior year. Revenue from operations for the standalone entity increased to ₹561.63 lakh from ₹537.52 lakh in FY25. However, total expenses rose significantly to ₹753.76 lakh from ₹535.01 lakh, driven by higher direct costs and other expenses. The company reported a basic earnings per share (EPS) of (₹1.82) for the year, compared to ₹0.20 in the previous year.
On a consolidated basis, revenue from operations fell to ₹2,307.82 lakh in FY26 from ₹2,624.31 lakh in FY25. Total expenses for the year stood at ₹2,503.15 lakh, slightly lower than the ₹2,621.71 lakh reported in the previous year. The consolidated basic EPS for the year was (₹1.85), a decline from ₹0.20 in FY25.
Key Management Changes
The board accepted the resignation of Ms. Mallireddy Sushma Sree from the position of Company Secretary and Compliance Officer effective May 30, 2026. In her place, the board appointed Ms. Naneru Greeshma Sandhya as the Whole Time Company Secretary and Compliance Officer. Additionally, Mr. Itikapati Madhusudana Reddy was appointed as the Chief Financial Officer of the company, effective immediately. The statutory auditors, M/s. NSVR & Associates LLP, issued an unmodified opinion on the audited standalone and consolidated financial results.
Shareholder Approvals and EGM
To approve the alteration of the company's objects and the change of name to Cresto Tech Limited, the board has convened an Extraordinary General Meeting (EGM) on June 29, 2026, at the company's registered office. Mr. Jineshwar Kumar Sankhala has been appointed as the Scrutinizer for the EGM to oversee the voting process. The company stated that other details regarding the EGM would be disclosed separately.
Consolidated Financial Results (FY26)
| Particulars | Year Ended March 31, 2026 (₹ in lakh) | Year Ended March 31, 2025 (₹ in lakh) |
|---|---|---|
| Revenue from operations | 2,307.82 | 2,624.31 |
| Total income | 2,326.53 | 2,637.55 |
| Total expenses | 2,503.15 | 2,621.71 |
| Profit/(Loss) before tax | (176.61) | 15.84 |
| Net profit/(Loss) for the year | (198.69) | 20.22 |
| Basic EPS (₹) | (1.85) | 0.20 |
Historical Stock Returns for Silly Monks Entertainment
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.77% | +9.70% | -1.73% | -28.51% | +1.12% | -31.13% |
What strategic rationale is driving the rebranding to Cresto Tech Limited and how will it alter the company's business focus?
How does the company plan to reverse the decline in consolidated revenue from operations in the coming fiscal year?
What specific measures will the new CFO implement to control the rising direct costs and other expenses in the standalone entity?
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