Picturehouse Media Ltd (532355)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Picturehouse Media's revenue was ₹0.1 Cr (+920.0% year on year, +410.0% on the previous quarter), and net profit ₹0.1 Cr (+409.0% year on year); the operating margin was -488.1%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹0.1 | +920.0% | +410.0% |
| Operating profit | ₹-0.5 | loss narrowed | loss widened |
| Net profit | ₹0.1 | +409.0% | -36.4% |
| EPS (₹) | 0.01 | — | -50.0% |
| Operating margin | -488.1% | — | — |
📢 Recent Corporate Announcements
Prasad V. Potluri has stepped down from the role of Managing Director at Picturehouse Media Limited effective September 30, 2026, citing pre-occupation and other commitments. He will continue to serve on the company's Board as a Non-Executive Director and Chairman. The micro-cap company, with a market capitalization of Rs 41 Cr and negative net worth of Rs -40 Cr, had negligible TTM operational revenue of Rs 0 Cr.
- Prasad V. Potluri resigned as Managing Director effective September 30, 2026
- Continues on the Board as Non-Executive Director and Chairman
- Board meeting to note the change was held on September 30, 2026, from 12:00 Noon to 12:15 p.m.
- Resignation was tendered on September 30, 2026 at 11:00 A.M.
Picturehouse Media announced that shareholders approved key board appointments at its 27th AGM on September 30, 2026. Ms. P.J. Bhavani has been appointed as Managing Director for a 5-year term ending at the 2031 AGM, transitioning from her earlier role as Non-Executive Director. Additionally, Mr. Dileep Badey has been regularized as a Non-Executive Independent Director for a 5-year tenure until the 2031 AGM. The company carries significant balance-sheet stress with a negative net worth of ₹-40 Cr and debt of ₹29 Cr on negligible annual revenue of ₹0.04 Cr.
- Shareholders approved appointments at the 27th AGM held on 30th September, 2026
- Ms. P.J. Bhavani appointed as Managing Director until conclusion of the AGM in 2031
- Mr. Dileep Badey regularized as Non-Executive Independent Director until the 2031 AGM
- Ms. P.J. Bhavani brings over 10 years of finance and real estate experience
- Mr. Dileep Badey holds over 15 years of experience in engineering and project management
Picturehouse Media reported a standalone net profit of Rs 26.82 lakhs for Q1 FY27 (quarter ended June 30, 2026) versus a net loss of Rs 2.48 lakhs in Q1 FY26, primarily driven by other income of Rs 163.39 lakhs against core revenue of Rs 10.20 lakhs. However, statutory auditors issued strong qualifications, noting that non-provision of Rs 2,879.85 lakhs in doubtful film advances understates losses. The auditor also highlighted un-impaired investments of Rs 2,521.74 lakhs in an eroded subsidiary whose NBFC license was cancelled by RBI, alongside casting doubt on the company's going concern status due to a negative net worth of Rs 3,997.95 lakhs.
- Revenue from operations was Rs 10.20 lakhs, while other income stood at Rs 163.39 lakhs for Q1 FY27.
- Reported standalone PAT reached Rs 26.82 lakhs compared to a loss of Rs 2.48 lakhs in the prior year quarter.
- Auditors issued a qualified opinion on Rs 2,879.85 lakhs of doubtful advances to artists/producers that were not written off.
- No impairment provision was made for Rs 2,521.74 lakhs invested in subsidiary PVP Capital, which has a negative net worth of Rs 618.66 lakhs and surrendered NBFC registration.
- Standalone negative net worth stood at Rs 3,997.95 lakhs, raising material uncertainty on going concern.
Picturehouse Media reported standalone revenue from operations of Rs 10.20 lakhs and a net profit of Rs 26.82 lakhs for Q1 ended June 30, 2026, primarily supported by other income of Rs 163.39 lakhs. However, statutory auditors issued a qualified review, highlighting that Rs 2,879.85 lakhs (Rs 28.80 Cr) in film advances/inventory lacks documentation and should be provided for, which understates losses. The company continues to operate under material going concern uncertainties, holding a negative standalone net worth of Rs 3,997.95 lakhs and a negative consolidated net worth of Rs 6,279.38 lakhs.
- Standalone revenue from operations was Rs 10.20 lakhs with a reported net profit of Rs 26.82 lakhs, largely driven by other income of Rs 163.39 lakhs.
- Auditor qualification states Rs 2,879.85 lakhs of film production inventory/advances lacks verification and is doubtful of recovery, understating losses by the same amount.
- Standalone negative net worth stands at Rs 3,997.95 lakhs, and consolidated negative net worth stands at Rs 6,279.38 lakhs.
- Wholly owned subsidiary PVP Capital Limited has a negative net worth of Rs 618.66 lakhs and surrendered its NBFC registration.
Picturehouse Media Ltd has announced a board meeting on August 14, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. The company is currently in a precarious financial position with a negative net worth of Rs 70 Cr and a high debt of Rs 235 Cr. Revenue has been negligible, with TTM revenue at Rs 0 Cr, making the upcoming results critical for assessing any operational recovery. The trading window for insiders has been closed since July 1, 2026.
- Board meeting to be held on August 14, 2026, via VC/OAVM
- Financial results cover the quarter ended June 30, 2026
- Trading window remains closed from July 1, 2026, until 48 hours post-result declaration
- Company carries a significant debt of Rs 235 Cr against a market cap of Rs 43 Cr
- TTM revenue stands at Rs 0 Cr as per latest financial context
Picturehouse Media has issued a corrigendum detailing significant audit qualifications for FY26. Auditors have flagged Rs 28.8 Cr in film production advances as doubtful due to lack of documentation and questioned the Rs 25.2 Cr valuation of a subsidiary whose NBFC license was cancelled. With a consolidated negative net worth of Rs 62.8 Cr and liabilities exceeding assets, auditors have raised 'going concern' doubts for the eighth consecutive year. Management remains confident in recovery through future film releases and a potential strategic merger, despite the auditor's disagreement.
- Auditors flagged Rs 28.8 Cr of film production inventory as doubtful due to lack of documentary evidence or balance confirmations.
- Investment of Rs 25.2 Cr in subsidiary PVP Capital Ltd is not impaired despite its NBFC license cancellation and fully eroded net worth.
- Consolidated net worth stands at negative Rs 62.8 Cr as of March 31, 2026, with total liabilities of Rs 354.29 Cr.
- This is the 8th consecutive time these specific audit qualifications have been raised by the statutory auditors.
- Management is currently tracking 4 movies in progress with a cost of Rs 1.38 Cr, while the remaining Rs 28.8 Cr in advances remains unverified.
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