Studio LSD swings to net loss in FY26, approves director re-appointment
Studio LSD Limited reported a net loss of ₹100.02 lakh for FY26, reversing from a net profit of ₹1,176.61 lakh in FY25, with total revenue declining to ₹7,433.05 lakh. The Board approved the re-appointment of Mr. Parth Shah as Director and Mr. S. M. Bhat as Internal Auditor for FY26-27.
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Studio LSD Limited reported a net loss of ₹100.02 lakh for the financial year ended March 31, 2026, a reversal from the net profit of ₹1,176.61 lakh in the previous year. The company's total revenue for FY26 stood at ₹7,433.05 lakh, down from ₹10,500.70 lakh in FY25, driven primarily by a decrease in revenue from operations to ₹7,211.31 lakh. The financial results were reviewed by the Audit Committee and approved by the Board of Directors in a meeting held on May 30, 2026.
The company's expenses for the year totaled ₹7,509.60 lakh, with the cost of services accounting for ₹6,081.09 lakh. Other expenses increased to ₹1,769.97 lakh from ₹1,958.16 lakh in the prior year. Despite the annual loss, the company reported a profit of ₹249.01 lakh for the half-year ended March 31, 2026. Earnings per share (EPS) for the year was negative at ₹0.21, compared to a positive EPS of ₹2.88 in FY25.
Financial Performance
The statement of standalone financial results highlighted a contraction in both the top and bottom lines. The profit before tax for the year turned negative at ₹76.55 lakh, a stark contrast to the ₹1,577.50 lakh reported in the previous year. The tax expense for the year was significantly lower at ₹23.47 lakh compared to ₹400.89 lakh in FY25.
| Metric | FY26 (₹ in Lakhs) | FY25 (₹ in Lakhs) |
|---|---|---|
| Revenue from Operations | 7,211.31 | 10,447.81 |
| Total Revenue | 7,433.05 | 10,500.70 |
| Total Expenses | 7,509.60 | 8,923.20 |
| Profit/(Loss) before tax | (76.55) | 1,577.50 |
| Net Profit/(Loss) for the period | (100.02) | 1,176.61 |
IPO Proceeds Utilisation
Studio LSD Limited, which listed on the NSE Emerge platform on August 25, 2025, disclosed the utilisation of its Initial Public Offering (IPO) proceeds. The company raised ₹7,425 lakhs through an IPO of 1,37,50,000 shares at a price of ₹54 per equity share. As of March 31, 2026, the company had utilised ₹28.08 crore of the total proceeds, leaving ₹25.82 crore pending to be utilised.
| Particulars | Planned (₹ in Crores) | Utilised (₹ in Crores) | Pending (₹ in Crores) |
|---|---|---|---|
| Construction of Studio | 18.00 | - | 18.00 |
| Working Capital Requirements | 27.40 | 24.05 | 3.35 |
| General Corporate Expenses | 8.50 | 4.03 | 4.47 |
| Total | 53.90 | 28.08 | 25.82 |
Board Approvals and Appointments
During the Board meeting, the directors approved the re-appointment of Mr. Parth Shah (DIN: 07990904) as a Director liable to retire by rotation, subject to shareholder approval at the ensuing Annual General Meeting. Mr. Shah, who also serves as the Whole-time Director & CFO, holds 76,38,445 equity shares in the company. Additionally, the Board approved the re-appointment of Mr. S. M. Bhat, Proprietor of M/s. S. M. Bhat & Associates, as the Internal Auditor for the financial year 2026-27, effective May 30, 2026.
Historical Stock Returns for Studio LSD
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.49% | -1.44% | -13.81% | -28.22% | -74.91% | -74.91% |
What strategic initiatives will Studio LSD implement to reverse the revenue decline and restore profitability in FY27?
How does the company plan to utilize the remaining ₹25.82 crore in unspent IPO proceeds to drive future growth?
When is the construction of the new studio expected to commence, and what impact will it have on operational capacity?
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