Basilic Fly Studio Limited (BASILIC)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Basilic Fly's revenue was ₹104 Cr (+8.9% year on year, -8.4% on the previous quarter), and net profit ₹6.7 Cr (-44.2% year on year); the operating margin was 13.9%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹104 | +8.9% | -8.4% |
| Operating profit | ₹14.4 | -15.3% | -40.0% |
| Net profit | ₹6.7 | -44.2% | -55.3% |
| EPS (₹) | 2.61 | -37.7% | -51.5% |
| Operating margin | 13.9% | — | — |
BASILIC delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 82.76% of the BASILIC shares traded on NSE were taken to delivery, against the stock's own 20-session average of 79.43%. That is close to its usual level. Turnover was only ₹18 lakh, so a handful of trades can move this figure. Volume was 0.3 times its average, well below normal. It closed at a price band (circuit) on 1 session in about the last 20.
Delivery in the last 5 sessions: 80.6% · 72.7% · 78.6% · 84.6% · 82.8%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Basilic Fly Studio Limited submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the period ended September 30, 2026. The confirmation was issued by its Registrar and Share Transfer Agent, Purva Sharegistry (India) Pvt. Ltd., on October 01, 2026. The certificate verifies that all share certificates received for dematerialisation during the quarter were duly processed, listed, mutilated, and cancelled. This is a standard procedural regulatory filing with no operational or financial impact.
- Compliance certificate submitted under Regulation 74(5) for the quarter ended September 30, 2026
- Certificate issued by RTA Purva Sharegistry (India) Pvt. Ltd. dated October 01, 2026
- Formal communication submitted to NSE on October 05, 2026 under ISIN INE0OCC01013
Basilic Fly Studio has issued a Postal Ballot notice seeking shareholder approval via special resolution to migrate its equity shares from the NSE EMERGE platform to the Main Board of both NSE and BSE. Under SEBI ICDR Regulation 277, the resolution requires votes cast by public shareholders in favour to be at least two times the votes cast against. The remote e-voting window opens on September 30, 2026, and closes on October 29, 2026, with results expected on or before November 2, 2026. If approved, the move removes SME lot-size trading restrictions and facilitates broader institutional participation for the Rs 422 Cr market cap visual effects company.
- Proposed migration of equity shares from NSE EMERGE platform to the Main Board of NSE and BSE
- Requires public shareholder votes in favour to be at least 2x the votes cast against under SEBI ICDR Regulation 277
- Remote e-voting period runs from September 30, 2026 (9:00 AM) to October 29, 2026 (5:00 PM)
- Voting cut-off date was September 25, 2026; voting results to be declared on or before November 2, 2026
Basilic Fly Studio has received shareholder approval to alter its IPO proceeds utilization, redirecting ₹214 million (₹21.4 crore) originally intended for Hyderabad and Salem towards a new studio in Bengaluru. The total cost of the revised project is ₹233 million (₹23.3 crore), with ₹19 million funded through internal accruals. The proposed facility will cover ~11,000 sq. ft. with seating capacity for ~150 employees, targeted for completion by March 2027. This planned capex of ₹23.3 crore represents approximately 6.6% of TTM revenue (₹351 crore) and 9.2% of net worth (₹252 crore).
- Shareholders approved variation in IPO object at the AGM concluded on September 28, 2026.
- Unutilised IPO funds of ₹214 million redirected from Hyderabad and Salem to a new Bengaluru studio.
- Total project cost estimated at ₹233 million, with balance ₹19 million funded via internal accruals.
- New facility spans ~11,000 sq. ft. with seating capacity for ~150 employees, scheduled for full implementation by March 2027.
Basilic Fly Studio Limited submitted the voting results and scrutinizer's report from its 10th Annual General Meeting held on September 28, 2026. Shareholders approved all three presented resolutions with requisite majority, including the adoption of FY26 standalone and consolidated financial statements. Notably, a special resolution was approved allowing a variation in the objects of the IPO to establish a new studio in Bengaluru. Additionally, the re-appointment of Director Mrs. Rajarathinam Thiripurasundari was approved.
- 10th AGM held on September 28, 2026, from 3:00 P.M. to 3:53 P.M. IST
- Special Resolution passed approving variation in IPO objects for opening a new studio at Bengaluru
- Ordinary Resolutions passed adopting FY26 Audited Standalone and Consolidated Financial Statements
- Re-appointment of Mrs. Rajarathinam Thiripurasundari (DIN 07323583) as Director approved
Basilic Fly Studio Limited held its 10th Annual General Meeting on September 28, 2026, with 31 members attending via video conferencing. Key resolutions considered included the adoption of FY26 standalone and consolidated financial statements, re-appointment of a retiring director, and a special resolution regarding variation in the objects of the IPO for opening a new studio in Bengaluru. Final voting results will be declared and submitted to the stock exchange within two working days.
- 10th AGM held on September 28, 2026, commencing at 3:00 PM and concluding at 3:53 PM IST
- A total of 31 members attended the meeting through video conferencing
- Shareholders voted on a special resolution for variation in IPO objects for setting up a new studio in Bengaluru
- Voting results to be declared within two working days of AGM conclusion
Basilic Fly Studio Limited has announced its participation in a group investor meet scheduled for September 25, 2026, at 4:00 PM IST. The interaction will take place virtually at the 'Bharat Connect Conference: Rising Stars – September 2026' organized by Arihant Capital. The company confirmed that no unpublished price-sensitive information (UPSI) will be discussed during the interaction.
- Investor meet scheduled for September 25, 2026, at 4:00 P.M. (IST)
- Event: Bharat Connect Conference: Rising Stars – September 2026 organized by Arihant Capital
- Format: Virtual group analyst/investor meeting
- Company confirmed no Unpublished Price Sensitive Information (UPSI) will be shared
Basilic Fly Studio Limited has informed the exchange of a scheduled virtual group analyst and investor meet on September 17, 2026, at 3:00 PM IST. The company stated that no unpublished price-sensitive information (UPSI) will be shared during the session. This is a routine investor interaction for the VFX company, which currently has a market capitalization of Rs 469 Cr and TTM revenue of Rs 351 Cr.
- Virtual group analyst/investor meeting scheduled for September 17, 2026
- Meeting timing announced as 3:00 P.M. (IST)
- Company confirmed no unpublished price-sensitive information (UPSI) will be shared
- Routine compliance disclosure under Regulation 30 of SEBI LODR Regulations
Basilic Fly Studio has dispatched letters containing the web link to its 10th Annual General Meeting (AGM) Notice and the FY 2025-26 Annual Report to shareholders whose email addresses are not registered with Depositories. The 10th AGM is scheduled to take place on Monday, September 28, 2026, at 3:00 PM IST via Video Conferencing and Other Audio Visual Means. The filing also reminds physical security holders to complete mandatory KYC updates in accordance with SEBI circulars.
- 10th Annual General Meeting scheduled for September 28, 2026, at 3:00 p.m. IST
- Meeting conducted via Video Conferencing (VC) / Other Audio Visual Means (OAVM)
- Weblink to FY 2025-26 Annual Report dispatched pursuant to SEBI LODR Regulation 36(1)(b)
- Intimation under Regulation 30 submitted to the exchange on September 08, 2026
Basilic Fly Studio Limited has scheduled its 10th Annual General Meeting (AGM) for September 28, 2026, to be conducted via video conferencing. The cut-off date for remote e-voting eligibility is set for September 21, 2026, with the voting window open from September 25 to September 27, 2026. Alongside the notice, the company released its FY26 Annual Report, highlighting FY26 revenue of ₹407.8 Cr (up 34.1% YoY) and PAT of ₹50.6 Cr (up 13.2% YoY). The report also points to an active bid pipeline of £35 million entering FY27.
- 10th AGM scheduled for September 28, 2026, with remote e-voting cut-off on September 21, 2026
- FY26 Revenue from Operations reported at ₹4,078 million (₹407.8 Cr), up 34.1% YoY
- FY26 Profit After Tax reached ₹506 million (₹50.6 Cr), representing a 13.2% increase YoY
- Reported an active bid pipeline of £35 million into FY27, with ~55% at an advanced conversion stage
Basilic Fly Studio Limited has submitted a copy of a newspaper publication published in the 'Business Standard' (English edition) dated August 31, 2026. The submission is made pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015. This is a standard statutory compliance filing with no impact on the company's financial standing or operations.
- Published in 'Business Standard' English version on August 31, 2026
- Submitted pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015
- Filing is purely administrative and procedural in nature
Basilic Fly Studio Limited has informed the exchange regarding the cancellation of its scheduled group analyst and investor meeting. The meeting was previously scheduled per an intimation dated August 22, 2026. The company stated the cancellation is due to unforeseen exigencies, with no revised date announced in the filing.
- Cancelled scheduled group analyst/investor meeting citing unforeseen exigencies
- Reference made to earlier meeting intimation dated August 22, 2026
- No rescheduled date or revised timeline announced in the filing
Basilic Fly Studio Limited announced that shareholders have approved all four resolutions put forward via Postal Ballot on August 23, 2026. The approved items include material related party transactions allowing Managing Director Mr. Balakrishnan and Whole-Time Director Mrs. Sundaram Yogalakshmi to hold offices of profit as Global CEO and Global Business Strategy Officer, respectively, at subsidiary One of Us Ltd. Additionally, variations in the terms and conditions of their directorships and appointments were approved by special resolutions. As of the cut-off date (July 17, 2026), the company had 4,659 equity shareholders.
- Shareholders approved 4 resolutions via Postal Ballot with requisite majority on August 23, 2026.
- Approved MD Balakrishnan holding office of profit as Global CEO of subsidiary One of Us Ltd.
- Approved WTD Sundaram Yogalakshmi holding office of profit as Global Business Strategy Officer of One of Us Ltd.
- Company had 4,659 equity shareholders on the cut-off date of July 17, 2026.
Basilic Fly Studio disclosed in its Q1 FY27 earnings call that its undelivered order book stood at ₹255 Cr as of July 2026, scheduled for execution over Q2-Q4 FY27. The company has secured ₹105 Cr in new international orders FY27 YTD, representing ~30% of its TTM revenue (₹351 Cr). Additionally, the active bid pipeline stands at ₹700 Cr with 40% in advanced stages, and domestic OTT revenue has already crossed 2x of its entire FY26 domestic revenue. During Q1 FY27, the studio delivered 89 projects across 60 clients globally with an expanded workforce exceeding 800 professionals.
- Undelivered order book reached ₹255 Cr as of end-July 2026 (up from historical levels of ₹100-150 Cr), to be executed across Q2 to Q4 FY27
- Secured ₹105 Cr of new international orders FY27 YTD, equivalent to ~30% of TTM revenue of ₹351 Cr
- Active bidding pipeline stands at ₹700 Cr, with 40% at an advanced stage of conversion
- Delivered 89 projects (28 movies, 53 series, 8 commercials) for 60 clients (10 new) in Q1 FY27
- Domestic OTT revenue crossed 2x the full-year FY26 revenue generated from this segment
Basilic Fly Studio Limited has notified the exchanges regarding a scheduled group analyst/investor meeting. The in-person meeting will take place in Mumbai on August 27, 2026, from 10:00 AM to 5:00 PM. The company stated that no unpublished price-sensitive information (UPSI) will be shared during the discussions. This is a routine investor interaction under Regulation 30 of SEBI LODR.
- Meeting Date: August 27, 2026
- Meeting Timing: 10 AM to 5 PM
- Mode and Location: Group physical meeting in Mumbai
- Compliance: No UPSI will be discussed per SEBI LODR Regulation 30
Basilic Fly Studio Limited has made available the audio recording for its Q1 FY2026-27 earnings conference call held on August 17, 2026. The call reviewed the unaudited financial performance for the quarter ended June 30, 2026, where the company posted revenue of Rs 103.5 Cr and net profit of Rs 6.7 Cr. The filing is a statutory compliance update under Regulation 30 of SEBI LODR Regulations.
- Earnings conference call conducted on August 17, 2026, pursuant to Regulation 30 of SEBI LODR Regulations.
- Call addressed unaudited financial performance for the quarter ended June 30, 2026 (Q1 FY27).
- Audio recording accessible via the company's official website link.
Financial Performance
Revenue Growth by Segment
Consolidated revenue grew 146.3% YoY to INR 190.5 Cr in H1 FY26. Standalone (India) revenue grew 58.0% YoY to INR 55.5 Cr, while overseas subsidiaries (UK, Canada, France) contributed the remaining ~71% of total revenue following the consolidation of the 'One of Us' acquisition.
Geographic Revenue Split
India (Standalone) contributes 29.1% of total revenue (INR 55.5 Cr), while international operations across the UK, Canada, and France contribute 70.9% (INR 135.0 Cr).
Profitability Margins
Consolidated PAT margin stood at 14.0% in H1 FY26, a slight dip from 15.9% in H1 FY25. However, Standalone PAT margins improved significantly to 31.0% in H1 FY26 from ~25% in FY25 due to better utilization and higher volumes.
EBITDA Margin
Consolidated EBITDA margin was 20.3% in H1 FY26, down from 24.1% in H1 FY25. Standalone EBITDA margin improved by 4.6% YoY to reach 45.9% in H1 FY26.
Capital Expenditure
Raised INR 85 Cr via QIP in 2025 for inorganic expansion and acquisitions. H1 FY26 saw INR 7.2 Cr spent on fixed assets and intangible assets.
Credit Rating & Borrowing
Total consolidated debt stood at INR 66.3 Cr as of Q2 FY26, up from INR 51.2 Cr in FY25. Finance costs for H1 FY26 were INR 2.9 Cr.
Operational Drivers
Raw Materials
Human Capital/Talent (VFX Artists) represents the primary cost, with Employee Benefits Expense totaling INR 122.3 Cr in H1 FY26, accounting for 64.2% of total income.
Import Sources
Talent is sourced globally from operational hubs in Chennai, Pune, and Bengaluru (India), London (UK), Paris (France), and Vancouver (Canada).
Key Suppliers
Not disclosed in available documents as the company is a service-based VFX studio.
Capacity Expansion
Current workforce exceeds 700 artists (423 in India, 271 in London). Total delivery capacity is estimated between INR 550 Cr and INR 600 Cr at 100% utilization. A new Bengaluru branch is currently hiring to expand domestic capacity.
Raw Material Costs
Employee benefits expense grew 217.8% YoY to INR 122.3 Cr in H1 FY26, reflecting the expanded global workforce post-acquisition.
Manufacturing Efficiency
Standalone margins improved due to higher utilization rates and better overhead recoveries from increased domestic volumes.
Strategic Growth
Expected Growth Rate
30-47%
Growth Strategy
Growth will be driven by inorganic expansion in the North American market using INR 85 Cr QIP funds, organic expansion through the new Bengaluru branch, and hiring high-level creative directors to win niche, high-margin projects. The company also aims to leverage UK tax reliefs (40%) and cost synergies from the 'One of Us' acquisition.
Products & Services
End-to-end VFX solutions for Movies (1,150+ projects), Web Series (2,200+ projects), and Commercials (8,160+ projects).
Brand Portfolio
Basilic Fly Studio, One of Us (OOU).
New Products/Services
Diversifying into advertisements and commercials; targeting high-end niche film projects to achieve a long-term 30% PAT margin.
Market Expansion
Expanding into Bengaluru (India) and actively evaluating acquisition targets in North America.
Strategic Alliances
Maintains 'Vendor of Choice' status with major global streamers including Netflix, Amazon, and Sony.
External Factors
Industry Trends
The UK VFX industry is growing at 9.1% CSAGR; enhanced tax reliefs (40%) for visual effects taking effect in April 2025 will significantly lower production costs for clients, driving demand.
Competitive Landscape
Facing pricing pressure from overseas studios with idle capacity; competing by moving up the value chain into niche creative work.
Competitive Moat
Durable moat built on a global delivery model that combines high-end creative presence in London/Paris with low-cost execution in India. Sustainable through 'Vendor of Choice' status with Tier-1 studios and a 20-year leadership track record.
Macro Economic Sensitivity
Highly sensitive to global film production volumes; the UK is expected to become the second-largest film production center globally by 2026, benefiting the company's London operations.
Consumer Behavior
Increasing consumer demand for high-quality visual effects in streaming content and high-end films.
Regulatory & Governance
Industry Regulations
UK Visual Effects tax relief (40%) and business rates relief available until 2034 are key regulatory tailwinds for the subsidiary.
Taxation Policy Impact
Standalone tax rate is 26%. Consolidated tax is lower because the UK entity has accumulated losses that offset current tax liabilities.
Risk Analysis
Key Uncertainties
Pricing pressure on overseas margins (potential 5-10% impact) and slower-than-expected recovery of aged receivables from foreign studios not yet at pre-strike levels.
Geographic Concentration Risk
71% of revenue is concentrated in international markets (UK, Canada, France).
Third Party Dependencies
High dependency on major streaming platforms (Netflix, Amazon) for order flow.
Technology Obsolescence Risk
Mitigated by ongoing investment in automation and technology integration to maintain creative edge.
Credit & Counterparty Risk
Receivables increased by INR 34.4 Cr in H1 FY26; INR 29 Cr of 'no due debtors' identified as demand picked up late in the half.
