Vision Cinemas Limited has announced its unaudited financial results for the quarter ended December 31, 2025, revealing a challenging operational period marked by zero revenue generation and significant losses. The cinema company's board of directors approved these results during their meeting held on January 31, 2026.

Standalone Financial Performance

The company's standalone operations showed a stark deterioration in Q3FY26 performance compared to the previous year:

The complete absence of revenue from operations in Q3FY26 represents a dramatic shift from the ₹79.12 lakhs recorded in the corresponding quarter of the previous year. Despite zero revenue, the company incurred total expenses of ₹4.97 lakhs, primarily comprising employee benefits expense of ₹1.41 lakhs, depreciation of ₹0.91 lakhs, and other expenses of ₹2.65 lakhs.

Consolidated Results

The consolidated financial results, which include the performance of subsidiary A Pyramid Entertainment (India) Private Limited, showed an even wider loss:

The subsidiary contributed a net loss of ₹1.75 lakhs during the quarter, with zero revenue generation, as noted in the auditor's review report.

Year-to-Date Performance

The nine-month performance for the period ended December 31, 2025, also reflected the operational challenges:

Standalone Results:

• Revenue from operations: ₹48.70 lakhs (vs ₹252.50 lakhs in previous year)
• Net loss: ₹10.04 lakhs (vs profit of ₹13.13 lakhs in previous year)

Consolidated Results:

• Total revenue: ₹51.52 lakhs (vs ₹252.61 lakhs in previous year)
• Net loss: ₹15.42 lakhs (vs profit of ₹6.26 lakhs in previous year)

Financial Position

The company maintained its equity share capital at ₹708.25 lakhs for standalone operations and ₹713.25 lakhs on a consolidated basis. Reserves excluding revaluation reserve stood at ₹735.73 lakhs for standalone and ₹37.32 lakhs for consolidated operations as of December 31, 2025.

Auditor's Observations

The statutory auditors, Manoj Acharya & Associates, conducted a limited review of the results and noted non-disclosure regarding the impact of pending litigation on the company's financial position, citing insufficient information provided by management. The auditors confirmed that the subsidiary's results were not material to the group's overall performance.

Vision Cinemas operates in a single business segment and continues to navigate operational challenges as reflected in its Q3FY26 performance.

Vision Cinemas Limited , a player in the Indian entertainment industry, has reported a significant decline in revenue and a shift to net loss for the quarter ended September 30, 2025. The company's financial results reveal challenges in its operations and profitability.

Financial Performance

Vision Cinemas reported a substantial decrease in revenue from operations for Q2 FY2026. The company's revenue stood at Rs 48.70 lakhs, down from Rs 162.37 lakhs in the corresponding quarter of the previous year, marking a 70% year-on-year decline.

The financial results for the quarter are summarized in the table below:

Profitability and Expenses

Despite the sharp decline in revenue, Vision Cinemas managed to report a net profit of Rs 6.36 lakhs for the quarter. However, this represents a 59% decrease from the profit of Rs 15.53 lakhs recorded in the same quarter last year. The company's expenses also saw a significant reduction, decreasing by 69.3% to Rs 45.15 lakhs from Rs 146.84 lakhs in Q2 FY2025.

Half-Year Performance

For the six-month period ended September 30, 2025, Vision Cinemas' financial performance showed a similar trend:

• Revenue declined to Rs 52.43 lakhs from Rs 168.45 lakhs year-over-year
• The company reported a net loss of Rs 8.07 lakhs compared to a loss of Rs 0.54 lakhs in the previous year

Balance Sheet Highlights

As of September 30, 2025, Vision Cinemas reported:

• Total assets of Rs 1,846.79 lakhs
• Equity share capital of Rs 789.21 lakhs
• Other equity (reserves) of Rs 740.70 lakhs

Management Commentary

The company's board meeting to approve these unaudited financial results was held on November 3, 2025. The management has not provided specific comments on the factors contributing to the revenue decline or the strategies to improve performance in the coming quarters.

Auditor's Review

The financial results have undergone a limited review by the company's statutory auditors, Manoj Acharya & Associates. The auditors have not expressed any material concerns regarding the financial statements, except for noting a non-disclosure on the impact of pending litigations on the company's financial position.

Investors and stakeholders will be watching closely to see how Vision Cinemas addresses the challenges reflected in these results and what steps the company takes to improve its financial performance in the coming quarters.