Thinkink Picturez Limited , a company operating in the entertainment sector, has reported a significant turnaround in its financial performance for the first quarter. The company's Board of Directors approved the un-audited financial results for the quarter ended June 30, 2025, during a meeting held on August 12, 2025.

Financial Highlights

• Profit: The company posted a profit of Rs 53.36 crore for the quarter, marking a substantial improvement from a loss of Rs 155.74 crore in the previous quarter and a profit of Rs 12.41 crore in the same quarter last year.
• Revenue: Total income decreased to Rs 105.50 crore from Rs 640.00 crore in the previous quarter.
• Operating Revenue: Notably, the revenue from operations was nil compared to Rs 510.00 crore in the previous quarter.
• Other Income: The company reported other income of Rs 105.50 crore for the quarter.
• Expenses: Total expenses reduced significantly to Rs 28.45 crore from Rs 854.77 crore in the previous quarter.
• Earnings Per Share: Basic and diluted earnings per share stood at Rs 0.01.

Financial Performance Table

Key Observations

1. Profit Turnaround: Despite a significant decrease in revenue, Thinkink Picturez managed to turn a profit, primarily due to a substantial reduction in expenses and an increase in other income.

2. Revenue Decline: The company experienced a sharp decline in revenue from operations, which dropped to nil from Rs 510.00 crore in the previous quarter.

3. Cost Management: Total expenses were drastically reduced to Rs 28.45 crore from Rs 854.77 crore in the previous quarter, indicating strong cost-cutting measures.

4. Other Income: The company's other income of Rs 105.50 crore played a crucial role in achieving profitability for the quarter.

5. Earnings Per Share: The EPS improved to Rs 0.01 from a negative Rs 0.10 in the previous quarter.

The company operates in a single business and geographic segment. The financial results were submitted to BSE Limited along with a Limited Review Report. The Board meeting commenced at 04:30 pm and concluded at 06:50 pm on August 12, 2025.

Thinkink Picturez Limited's ability to generate profit despite the absence of operating revenue raises questions about the nature of its other income and the sustainability of its current financial model. Investors and analysts may be keen to understand the company's strategy for reviving its core operations and maintaining profitability in the coming quarters.

Thinkink Picturez Limited, a company listed on the Bombay Stock Exchange (BSE: 539310), has announced significant changes to its board meeting schedule and statutory auditor position. The company, which operates in the entertainment industry, has made these decisions in light of recent developments.

Board Meeting Postponement

The company's Board of Directors meeting, originally scheduled for August 1, 2025, has been adjourned to August 12, 2025. This postponement comes as a result of the Audit Committee's inability to approve the Unaudited Financial Results for the quarter ended June 30, 2025. Consequently, the Audit Committee meeting has also been rescheduled to the same date, August 12, 2025.

Change in Statutory Auditors

In a significant development, Thinkink Picturez Limited announced the resignation of its statutory auditors, M/s Parin Patwari & Co., effective July 31, 2025. The resignation comes as a result of the auditor's decision to discontinue operating his proprietorship firm.

To fill this vacancy, the Board of Directors, upon the recommendation of the Audit Committee, has appointed M/s Chandabhoy & Jassoobhoy, Chartered Accountants, as the new Statutory Auditors of the company. This appointment is effective immediately and will last until the upcoming General Meeting.

New Auditor Profile

M/s Chandabhoy & Jassoobhoy, Chartered Accountants (FRN No. 101648W), is a reputable audit firm with its head office in Ahmedabad. The firm is registered with the Institute of Chartered Accountants of India (ICAI) and holds a valid Peer Review certificate. They specialize in providing audit and assurance services to their clients.

Future Plans

The Board of Directors has proposed a 5-year term for M/s Chandabhoy & Jassoobhoy, subject to shareholder approval at the upcoming General Meeting. This move aims to ensure continuity and stability in the company's financial reporting and auditing processes.

Vijay G Pujara, Managing Director of Thinkink Picturez Limited, signed the official communication to the BSE regarding these changes.

These developments highlight the importance of transparent financial reporting and the role of statutory auditors in maintaining investor confidence. Shareholders and market watchers will be keenly awaiting the rescheduled board meeting on August 12, 2025, where the company is expected to present its Unaudited Financial Results for the quarter ended June 30, 2025.