Bluegod Entertainment Reports Strong Q3FY26 Results with ₹508.23 Crore Net Profit
Bluegod Entertainment Limited reported exceptional Q3FY26 results with net profit of ₹508.23 crores, up from ₹23.06 crores in Q3FY25. Revenue surged to ₹1,200 crores driven by ₹12 crore film rights sale. Nine-month performance showed net profit of ₹357.39 crores versus ₹1.38 crore loss in previous year. Company wrote off ₹162.66 lakh fabric inventory during the quarter.
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Bluegod Entertainment Limited announced its unaudited financial results for the third quarter ended December 31, 2025, showcasing remarkable performance driven by strategic content monetization. The entertainment company reported exceptional growth across key financial metrics, marking a significant transformation in its business trajectory.
Financial Performance Overview
The company's Q3FY26 results demonstrate substantial improvement across all major parameters:
| Metric | Q3FY26 | Q3FY25 | Growth |
|---|---|---|---|
| Revenue from Operations | ₹1,200.00 cr | ₹25.50 cr | +4,606% |
| Net Profit | ₹508.23 cr | ₹23.06 cr | +2,104% |
| Basic EPS | ₹0.09 | ₹0.36 | -75% |
| Total Revenue | ₹1,200.00 cr | ₹25.50 cr | +4,606% |
Revenue Growth Driver
The exceptional revenue performance stems from the company's strategic sale of theatrical and OTT rights for one of its films, generating total consideration of ₹12 crores. The revenue recognition follows Ind AS 115 standards for revenue from contracts with customers. Importantly, the company has retained control and ownership of the film while transferring only the theatrical and OTT rights to the buyer.
Nine-Month Performance
For the nine-month period from April 1, 2025 to December 31, 2025, Bluegod Entertainment demonstrated strong year-to-date performance:
| Parameter | 9M FY26 | 9M FY25 | Change |
|---|---|---|---|
| Total Revenue | ₹1,200.29 cr | ₹31.85 cr | +3,669% |
| Net Profit/(Loss) | ₹357.39 cr | (₹1.38 cr) | Positive turnaround |
| Total Expenses | ₹684.73 cr | ₹33.23 cr | +1,961% |
Operational Adjustments
During Q3FY26, the company made significant operational adjustments including the write-off of fabric inventory valued at ₹162.66 lakhs. According to management representation, this inventory was deemed unsellable with no net realizable value, reflecting the company's focus on its core entertainment business.
The company has classified its films as intangible assets, with the recent film rights transaction being amortized over a three-year period. This accounting treatment aligns with industry standards for intellectual property monetization.
Expense Management
Total expenses for Q3FY26 reached ₹566.20 crores compared to ₹2.44 crores in Q3FY25, primarily due to:
- Depreciation and amortization expenses of ₹377.44 crores
- Inventory write-off of ₹162.66 crores
- Other expenses of ₹24.45 crores
- Employee benefits expenses of ₹1.65 crores
Corporate Governance
The financial results were reviewed by the Audit Committee and adopted by the Board of Directors in their meeting held on January 15, 2026. The statutory auditors conducted a limited review of the standalone unaudited financial results and issued an unmodified review report, confirming compliance with applicable accounting standards.
