V R Films & Studios Limited Reports Strong Q3 FY26 Turnaround with ₹21.56 Lakh Net Profit

V R Films & Studios Limited has announced its unaudited financial results for the third quarter ended December 31, 2025, showcasing a significant operational turnaround. The Mumbai-based film distribution and dubbing company reported a net profit of ₹21.56 lakhs, marking a substantial improvement from the net loss of ₹56.02 lakhs recorded in the corresponding quarter of the previous year.

Financial Performance Overview

The company's quarterly performance demonstrates strong recovery across key metrics:

Metric:	Q3 FY26	Q3 FY25	Change (%)
Revenue from Operations:	₹359.28 lakhs	₹348.64 lakhs	+3.06%
Total Income:	₹364.86 lakhs	₹354.62 lakhs	+2.89%
Net Profit/(Loss):	₹21.56 lakhs	₹(56.02) lakhs	Turnaround
Basic EPS:	₹0.20	₹(0.51)	Positive

Nine-Month Performance Shows Strong Momentum

The company's nine-month results for the period ended December 31, 2025, further reinforce the positive trajectory:

Parameter:	Nine Months FY26	Nine Months FY25	Change
Revenue from Operations:	₹874.89 lakhs	₹983.73 lakhs	-11.06%
Net Profit/(Loss):	₹86.96 lakhs	₹(99.80) lakhs	Turnaround
Total Comprehensive Income:	₹90.08 lakhs	₹(99.98) lakhs	Positive

Operational Efficiency Improvements

The company demonstrated improved cost management during the quarter. Total expenses decreased to ₹323.69 lakhs in Q3 FY26 from ₹410.95 lakhs in Q3 FY25, representing a significant 21.25% reduction. Key expense categories showed varied performance, with cost of production declining to ₹143.45 lakhs from ₹225.75 lakhs year-over-year.

Employee benefits expense remained relatively stable at ₹102.66 lakhs compared to ₹107.36 lakhs in the previous year. The company's finance costs increased marginally to ₹17.64 lakhs from ₹16.67 lakhs, while depreciation and amortization expenses rose to ₹27.46 lakhs from ₹23.83 lakhs.

Strategic Developments

V R Films & Studios Limited expanded its business portfolio by incorporating a subsidiary company, Krishmicbon AI Tech Pvt Ltd, on September 19, 2025. The company invested ₹6.00 lakhs as share capital, securing a 60% stake and controlling voting rights in the subsidiary. The new entity has not yet commenced business operations, and therefore consolidated financial statements were not presented separately.

Corporate Governance and Compliance

The Board of Directors approved the quarterly results in their meeting held on January 20, 2026, which commenced at 3:10 PM and concluded at 3:40 PM. The results were reviewed by the Audit Committee and subjected to a limited review by statutory auditors B L Dasharda & Associates, Chartered Accountants. The company confirmed no deviations in the use of public issue proceeds from its Initial Public Offering, maintaining compliance with SEBI regulations.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.52%	-0.94%	-1.34%	-3.73%	-42.24%	-89.27%

V R Films & Studios Limited , a company specializing in film distribution and dubbing, has released its unaudited financial results for the second quarter and half-year ended September 30, 2025. The company has shown a mixed performance, with a decrease in revenue but a turnaround to profitability compared to the previous year.

Financial Highlights

Particulars (₹ in lakhs)	Q2 FY26	Q2 FY25	H1 FY26	H1 FY25
Revenue from Operations	247.84	403.96	515.61	635.09
Total Income	252.34	411.73	525.77	650.06
Profit Before Tax	11.81	40.81	63.25	(36.13)
Profit After Tax	13.43	41.19	65.36	(43.78)
EPS (Basic & Diluted)	0.12	0.38	0.60	(0.40)

Key Observations

Revenue Decline: The company's revenue from operations for Q2 FY26 stood at ₹247.84 lakhs, marking a significant decrease of 38.6% compared to ₹403.96 lakhs in Q2 FY25.
Profitability: Despite the revenue decline, V R Films & Studios managed to report a profit after tax of ₹13.43 lakhs for Q2 FY26, although lower than the ₹41.19 lakhs reported in the same quarter last year.
Half-Year Performance: For H1 FY26, the company achieved a total income of ₹525.77 lakhs and a profit after tax of ₹65.36 lakhs, showing a turnaround from a loss of ₹43.78 lakhs in H1 FY25.
Earnings Per Share: The basic and diluted EPS for Q2 FY26 stood at ₹0.12, compared to ₹0.38 in Q2 FY25.
Cost Management: The company has shown improvements in cost management, with total expenses for Q2 FY26 at ₹240.53 lakhs, down from ₹370.92 lakhs in Q2 FY25.

Balance Sheet Highlights

As of September 30, 2025, V R Films & Studios reported:

Total Assets: ₹1,894.33 lakhs
Total Equity: ₹849.65 lakhs
Current Assets: ₹1,471.45 lakhs
Current Liabilities: ₹941.55 lakhs

The company's balance sheet shows a slight improvement in its equity position, increasing from ₹781.17 lakhs as of March 31, 2025, to ₹849.65 lakhs as of September 30, 2025.

Management Commentary

The financial results were approved by the Board of Directors in their meeting held on October 16, 2025. The company continues to operate in a single segment of film distribution and dubbing.

Conclusion

While V R Films & Studios Limited has faced challenges in terms of revenue growth, the company has demonstrated resilience by maintaining profitability and improving its balance sheet position. The turnaround in half-yearly profits suggests that the company's cost management strategies may be yielding positive results. However, the significant year-over-year decline in quarterly revenue indicates that the company may need to focus on growth strategies in its core business of film distribution and dubbing.