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BTML - Bodhi Tree

📊 NSE: BTML 🏢 Entertainment / Electronic Media Software 📅 Last Updated: 12/13/2025 19:38

📢 Recent Corporate Announcements

BTML Clarifies XBRL Tagging Error in Q3 FY26 EPS Reporting; No Impact on Financials

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 09 Mar 2026, 06:33 PM

Bodhi Tree Multimedia Limited (BTML) has clarified a clerical error regarding its financial results for the quarter ended December 31, 2025. The company mistakenly tagged Earnings Per Share (EPS) for continuing operations as EPS for discontinued operations in its XBRL filing. BTML confirmed that the original PDF financial statements were correct and that there is no change to the actual reported figures. A revised XBRL filing has been submitted to the National Stock Exchange to rectify the technical oversight.

Clarification issued for the financial results of the quarter ended December 31, 2025.
The error was a technical XBRL tagging mistake involving EPS for continuing and discontinued operations.
Company confirms no change in the actual financial figures or performance reported to the exchange.
The PDF version of the results submitted to the Board of Directors remains accurate and unchanged.
A corrected Standalone XBRL filing has been submitted to the Exchange as of February 28, 2026.

💡 This is a routine administrative correction with no impact on the company's fundamentals. Investors should continue to refer to the PDF financial statements for accurate performance data.

BTML Independent Directors Review Board Performance and Information Flow

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 09 Mar 2026, 05:19 PM

Bodhi Tree Multimedia Limited (BTML) conducted a separate meeting of its Independent Directors on March 9, 2026, as per regulatory requirements. The meeting focused on evaluating the performance of Non-Independent Directors, the Board as a whole, and the Chairperson. Additionally, the directors assessed the quality and timeliness of information flow between the company's management and the Board. This is a standard corporate governance procedure aimed at ensuring effective oversight and leadership accountability.

Meeting of Independent Directors held on March 9, 2026, from 03:00 P.M. to 03:40 P.M.
Comprehensive review of the performance of Non-Independent Directors and the Board as a whole.
Evaluation of the Chairperson's performance considering views from both executive and non-executive directors.
Assessment of the quality, quantity, and timeliness of management information provided to the Board.

💡 No action is required as this is a routine regulatory filing related to corporate governance. Investors should view this as a positive sign of compliance with standard board oversight practices.

BTML Reports 93% PAT Growth in 9MFY26; Targets ₹250 Cr Revenue in 3 Years

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 12 Feb 2026, 06:30 PM

Bodhi Tree Multimedia Limited (BTML) reported a robust financial performance for 9MFY26, with total income rising 63% YoY to ₹82.38 Cr and PAT surging 93% to ₹5.87 Cr. The company is executing a strategic pivot from a legacy commissioned production model to an IP-ownership model, aiming for a 50% IP mix within the next three years. Recent strategic moves include acquiring a 51% stake in Moving Images and a stake in Lahren Networks to strengthen digital and unscripted content verticals. Management has set an ambitious long-term target of achieving ₹250 Cr in revenue and ₹25 Cr in PAT.

9MFY26 PAT increased by 93% YoY to ₹5.87 Cr, while EBITDA grew 90% to ₹11.13 Cr.
Total Income for the 9-month period reached ₹82.38 Cr, marking a 63% YoY growth.
Strategic acquisition of 51% stake in Moving Images and investment in Lahren Networks to scale IP creation.
Ambitious 3-year growth target set at ₹250 Cr revenue and ₹25 Cr PAT with 50%+ IP-led revenue mix.
Delivered over 5,000 hours of original content across 50+ shows in 5+ languages to date.

💡 Investors should focus on the company's successful transition to an IP-ownership model which promises higher margins and recurring revenue streams. The strong bottom-line growth and clear 3-year roadmap make it a compelling growth story in the Indian media and entertainment space.

BTML Q3FY26 Revenue Jumps 124% to ₹39.57 Cr; 9M Net Profit Surges 92.6%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 12 Feb 2026, 02:06 PM

Bodhi Tree Multimedia reported a massive 124.3% YoY increase in Q3FY26 revenue to ₹39.57 crore, supported by a broader content pipeline and increased project throughput. For the nine-month period, the company achieved a 92.6% growth in PAT, reaching ₹5.87 crore. Despite strong top-line growth, EBITDA margins contracted to 11.79% in Q3 from 18.47% YoY as the company invests heavily in building its own Intellectual Property (IP). Strategic moves include the acquisition of Moving Images and a stake in Lahren Networks to diversify revenue and strengthen digital monetization.

Q3FY26 Total Income grew 124.31% YoY to ₹39.57 crore; 9MFY26 income reached ₹82.38 crore.
9MFY26 Profit After Tax (PAT) increased by 92.63% YoY to ₹5.87 crore.
EBITDA for 9MFY26 rose 90.18% YoY to ₹11.13 crore, reflecting significantly improved operational scale.
Strategic acquisition of Moving Images and investment in Lahren Networks to pivot toward an IP-led model.
Produced approximately 200 hours of original content in Q3 for major broadcasters including Colors, JioStar, and Zee.

💡 The aggressive revenue growth and strategic shift toward IP ownership are positive long-term indicators, though the current margin compression due to these investments warrants caution. Investors should monitor if the transition to IP-led content leads to higher margin realization in the coming fiscal year.

BTML Confirms No Deviation in Utilization of Rights Issue Proceeds

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 12 Feb 2026, 01:04 PM

Bodhi Tree Multimedia Limited (BTML) has officially informed the exchanges that there has been no deviation or variation in the utilization of funds raised through its rights issue. This statement, filed under Regulation 32 of SEBI (LODR) Regulations, 2015, confirms that the capital is being deployed according to the objectives stated in the offer documents. The filing serves as a routine compliance update for the period ending February 2026. Such disclosures are essential for maintaining transparency regarding the company's financial discipline and capital allocation.

Company confirmed zero deviation or variation in the use of proceeds from the rights issue.
Compliance filing submitted under Regulation 32 of SEBI (LODR) Regulations, 2015.
The notification was issued to both NSE and BSE on February 12, 2026.
Managing Director Mautik Ajit Tolia signed off on the regulatory confirmation.

💡 No action is required as this is a standard regulatory filing confirming that funds are being used as intended. Investors should monitor future earnings to see the impact of this capital deployment on the company's growth.

BTML Files Quarterly SEBI Compliance Certificate for December 2025

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Jan 2026, 01:55 PM

Bodhi Tree Multimedia Limited (BTML) has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations for the period ended December 31, 2025. The certificate, issued by Bigshare Services Private Limited, confirms that share certificates received for dematerialization were processed and confirmed to depositories within the mandatory 15-day window. This filing ensures that the company's shareholding records are accurately updated and physical certificates are properly mutilated and cancelled. This is a standard regulatory procedure for all listed companies in India.

Compliance certificate submitted for the quarter ended December 31, 2025.
Registrar and Share Transfer Agent (RTA) Bigshare Services confirmed processing of demat requests within 15 days.
Physical share certificates were mutilated and cancelled after due verification.
The filing confirms that dematerialized securities are listed on the NSE and BSE.

💡 No action is required as this is a routine administrative filing. Investors should focus on the company's upcoming quarterly financial results for material performance indicators.

BTML to Acquire 50.01% Stake in Moving Image Studios for Rs 7 Crore

🟢 POSITIVE ⭐ 8/10

M&A 📅 31 Dec 2025, 01:09 PM

Bodhi Tree Multimedia Limited (BTML) has approved the acquisition of a 50.01% controlling stake in Moving Image Studios Private Limited (MISPL) for a cash consideration of Rs 7 crore. In addition to the equity purchase, BTML has committed a further investment of Rs 6 crore through convertible instruments. MISPL is a media and entertainment company incorporated in April 2024, and this acquisition is categorized as a strategic investment. The transaction will result in the consolidation of MISPL's financials into BTML's accounts.

Acquisition of 50.01% equity stake in Moving Image Studios Private Limited, granting BTML control.
Initial cash consideration for the stake purchase is fixed at Rs 7,00,00,000.
Additional investment of Rs 6,00,00,000 planned through convertible instruments.
Target entity MISPL is a recently incorporated firm (April 2024) in the media and entertainment sector.
The transaction is at arm's length with no promoter or group company interest involved.

💡 Investors should monitor the integration of MISPL and its contribution to BTML's content production pipeline and consolidated revenue. Given MISPL is a new entity, the focus should be on how quickly it can scale operations to justify the Rs 13 crore total commitment.

BTML Shareholders Approve Preferential Issue of Equity Shares for Non-Cash Consideration

🔵 WATCH ⭐ 7/10

FUNDRAISE 📅 30 Dec 2025, 04:49 PM

Bodhi Tree Multimedia Limited (BTML) held an Extraordinary General Meeting (EOGM) on December 30, 2025, to seek approval for a preferential issue of equity shares. The resolution involves issuing shares to non-promoters for consideration other than cash, which typically indicates an acquisition or asset settlement. Remote e-voting was conducted from December 26 to December 29, 2025, prior to the meeting. This move will result in equity dilution and a change in the company's capital structure.

Shareholders approved the issuance of equity shares on a preferential basis to non-promoters.
The issuance is specifically for consideration other than cash, suggesting a strategic asset acquisition.
Remote e-voting was conducted between December 26, 2025, and December 29, 2025.
The EOGM was held via video conferencing and concluded within 20 minutes on December 30, 2025.

💡 Investors should monitor subsequent disclosures regarding the specific assets or services being acquired in exchange for these shares. It is essential to evaluate the valuation of the deal to determine if the dilution is justified by the expected growth from the new assets.

BTML EOGM: Approval Sought for Preferential Equity Issue to Non-Promoters

🔵 WATCH ⭐ 7/10

FUNDRAISE 📅 30 Dec 2025, 02:11 PM

Bodhi Tree Multimedia Limited (BTML) held an Extraordinary General Meeting on December 30, 2025, to approve a preferential issue of equity shares. The shares are to be issued to non-promoters for consideration other than cash, indicating a potential strategic acquisition or asset swap. Remote e-voting was available for shareholders from December 26 to December 29, 2025. The company will disseminate the final voting results to the stock exchanges shortly to confirm the resolution's passage.

EOGM held on December 30, 2025, to approve preferential share issuance.
Remote e-voting conducted from Dec 26 (9:00 AM) to Dec 29 (5:00 PM), 2025.
Equity shares to be issued to non-promoters for consideration other than cash.
The meeting was brief, commencing at 12:00 PM and concluding at 12:20 PM.

💡 Investors should wait for the official voting results and specific details regarding the non-cash consideration to evaluate the impact on share value. It is critical to review the valuation report once available to ensure the issuance is fair to minority shareholders.

Bodhi Tree Multimedia Announces Trading Window Closure from January 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 29 Dec 2025, 12:32 PM

Bodhi Tree Multimedia Limited (BTML) has informed the exchanges that its trading window will be closed starting January 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations for the quarter ending December 31, 2025. The restriction applies to promoters, directors, and designated persons, lasting until 48 hours after the financial results are declared. The specific board meeting date for the results announcement will be shared separately.

Trading window closure begins on Thursday, January 1, 2026.
Closure pertains to the financial results for the quarter ended December 31, 2025.
Restriction applies to Promoters, Directors, KMPs, and Designated Persons.
Window will reopen 48 hours after the financial results are officially announced.

💡 This is a routine regulatory filing required by SEBI; no immediate action is necessary as it does not impact company fundamentals.

BTML to Acquire 20% Stake in Lehren Networks for ₹1.2 Crore via Share Swap

🟢 POSITIVE ⭐ 7/10

M&A 📅 24 Dec 2025, 05:04 PM

Bodhi Tree Multimedia Limited (BTML) has issued a corrigendum to its EGM notice scheduled for December 30, 2025, regarding a strategic acquisition. The company plans to acquire a 20% stake in Lehren Networks Private Limited, involving 2,00,000 equity shares. The total consideration of ₹1.2 crore will be settled through a preferential issue of shares (share swap) rather than cash. This update follows recommendations from stock exchanges to clarify the objects and timelines of the issue.

Acquisition of 2,00,000 equity shares representing a 20% stake in Lehren Networks Private Limited.
Total transaction value of ₹1,20,00,000 (₹1.2 Crore) to be settled via share swap.
The corrigendum clarifies the objects of the preferential issue as per Stock Exchange recommendations.
The tentative timeline for the completion of the share swap is within 2 weeks of fund/approval receipt.
Extraordinary General Meeting (EGM) for shareholder approval is scheduled for December 30, 2025.

💡 Investors should monitor the outcome of the EGM on December 30 for shareholder approval of this acquisition. This move indicates BTML's intent to expand its portfolio in the digital media space through strategic stakes.

BTML launches CastMatch, India’s first chat-based casting platform

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 11 Dec 2025, 12:36 PM

Bodhi Tree Multimedia Ltd (BTML) has launched CastMatch, India’s first conversational AI-powered casting platform. CastMatch reduces the time to generate a casting shortlist from 2-3 hours to under 60 seconds, a 98% reduction. The platform searches through over 15,000 actor profiles using AI. For FY25, the Company had reported Consolidated Total Income of ₹89.76 Cr, EBITDA of ₹9.67 Cr and Net Profit of ₹4.92 Cr.

Casting shortlist time reduced by 98% using CastMatch
CastMatch searches over 15,000 actor profiles
Actor search under <500 milliseconds
AI response under <300 milliseconds time-to-first-token
FY25 Consolidated Total Income: ₹89.76 Cr

💡 Investors should monitor the adoption and impact of CastMatch on BTML's operational efficiency and revenue streams. Keep an eye on how this AI integration affects the company's competitive positioning in the content production market.

BTML to Acquire 20% Stake in Lehren Networks via 12 Lakh Share Preferential Issue

🟢 POSITIVE ⭐ 8/10

M&A 📅 05 Dec 2025, 12:45 PM

Bodhi Tree Multimedia Limited (BTML) has convened an Extraordinary General Meeting (EGM) for December 30, 2025, to approve a strategic acquisition. The company proposes to issue 12,00,000 equity shares at a price of Rs. 10 per share on a preferential basis. This issuance is a share swap deal to acquire a 20% stake (2,00,000 shares) in Lehren Networks Private Limited from a non-promoter individual. The move signifies BTML's intent to expand its footprint in the media and entertainment sector through inorganic growth.

Issuance of up to 12,00,000 equity shares at an issue price of Rs. 10 per share.
Acquisition of 2,00,000 equity shares representing a 20% stake in Lehren Networks Private Limited.
Transaction structured as a preferential issue for consideration other than cash (share swap).
Relevant date for determining the issue price is fixed as November 28, 2025.
The EGM is scheduled for December 30, 2025, to be held via video conferencing.

💡 Investors should evaluate the valuation of Lehren Networks to ensure the swap ratio is favorable and monitor how this 20% stake enhances BTML's digital content distribution capabilities.

BTML Q2 FY26 Net Profit Rises 36% YoY; Targets ₹250 Cr Revenue in 3 Years

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 01 Dec 2025, 03:26 PM

Bodhi Tree Multimedia (BTML) reported a strong 65% YoY increase in Q2 FY26 total income to ₹24.4 crores. Net profit for the quarter grew 36% to ₹3.05 crores, while H1 FY26 net profit surged 185% to ₹3.53 crores, driven by improved operating leverage. The company is pivoting from a service-based production model to an IP-ownership model to capture long-term monetization. Management has issued an ambitious three-year guidance of ₹250 crores in revenue with a ₹25 crore PAT target.

Q2 FY26 revenue grew 65% YoY to ₹24.4 crores; EBITDA rose 53% to ₹4.91 crores.
H1 FY26 net profit increased by 185% YoY to ₹3.53 crores, reflecting strong operating leverage.
Set a long-term goal of ₹250 crores top line and ₹25 crores PAT within three years.
Targeting a 50:50 revenue mix between IP ownership and content services.
Integrating 'Agentic AI' to automate content production units and improve efficiency.

💡 The shift toward IP ownership and the ambitious 3-year guidance signal a high-growth phase; investors should track the execution of the new creator-led studio model. The significant margin expansion in H1 FY26 validates the current strategy and warrants a positive outlook.

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💰 Financial Performance

Revenue Growth by Segment

The company reported a 30% YoY growth in total income for H1 FY26, reaching INR 42.8 Cr compared to INR 32.83 Cr in H1 FY25. Q2 FY26 revenue grew 65% YoY to INR 24.4 Cr from INR 14.82 Cr. Growth is driven by the shift from commissioned production to IP ownership and digital monetization.

Geographic Revenue Split

BTML targets both domestic and global markets through its original TV and OTT projects. Specific percentage splits per region are not disclosed in available documents.

Profitability Margins

Net profit for H1 FY26 stood at INR 3.53 Cr, a 185% increase from INR 1.24 Cr in H1 FY25. Q2 FY26 net profit grew 36% to INR 3.05 Cr. The company is targeting a 10% PAT margin within the next three years as it scales its IP business.

EBITDA Margin

EBITDA for H1 FY26 grew 149% YoY to INR 6.47 Cr, up from INR 2.62 Cr. Q2 FY26 EBITDA rose 53% to INR 4.91 Cr. The margin expansion is attributed to operating leverage and an improved quality of the content pipeline.

Capital Expenditure

BTML utilizes a Special Purpose Vehicle (SPV) structure with Amit Khan Content Hub (AKCH) to lead financing and operations. Specific historical or planned CapEx in INR Cr is not disclosed.

Credit Rating & Borrowing

The company has sanctioned working capital limits in excess of INR 5 Cr from banks. Specific credit ratings and interest rate percentages are not disclosed.

⚙️ Operational Drivers

Raw Materials

Creative talent (writers, directors, sound engineers, editors) and intellectual property rights represent the primary 'raw materials', accounting for the bulk of production costs.

Import Sources

Content development is primarily sourced from India, leveraging domestic creative professionals and storytellers.

Key Suppliers

Amit Khan Content Hub (AKCH) is a primary strategic partner for creative development and storytelling.

Capacity Expansion

BTML is expanding its capacity by building multiple 'creator studios' to achieve economies of scale and better margins through shared resources and vendor deals.

Raw Material Costs

Production and content costs are managed through an SPV structure where BTML leads financing. The company is shifting from a high-cost commissioned model to a high-margin IP ownership model.

Manufacturing Efficiency

Efficiency is driven by 'economies of scale' in the commissioned business, using shared resources across multiple creator studios to mitigate low margins.

Logistics & Distribution

Distribution is handled through the 'BodhiTree Ventures' arm, focusing on digital monetization across YouTube, OTT, and FAST platforms.

📈 Strategic Growth

Expected Growth Rate

30%

Growth Strategy

BTML is transitioning from a production-only model to an IP ownership model. It is scaling digital revenue through 'BodhiTree Ventures', its monetization arm, and forming strategic alliances like the Jio-Star partnership. The company uses an SPV structure with AKCH to combine financing strength with creative reach, targeting a dominant position in the media industry within three years.

Products & Services

Original TV shows, OTT projects, digital IP for YouTube, Podcasts, and FAST (Free Ad-supported Streaming TV) platforms, and content syndication services.

Brand Portfolio

Bodhi Tree Multimedia, BodhiTree Ventures, and Amit Khan Content Hub (AKCH) partnership projects.

New Products/Services

Expansion into FAST platforms and global OTT projects is expected to contribute significantly to the 10% PAT margin target.

Market Expansion

Targeting regional and global markets through strategic partnerships and digital-first content monetization.

Strategic Alliances

Collaboration with Amit Khan Content Hub (AKCH) and strategic partnerships with Jio-Star to unlock regional markets.

🌍 External Factors

Industry Trends

The industry is shifting from 'production' to 'ownership'. India's content boom is moving toward digital-first monetization (YouTube, FAST), and BTML is positioning itself as an IP owner to capture higher margins.

Competitive Landscape

The market is moving away from small, traditional production companies toward scaled entities that can leverage shared resources and technology.

Competitive Moat

The moat is built on 'creator empowerment' and a library of owned IP. By controlling the IP rather than just producing for a fee, the company creates sustainable, long-term revenue streams through syndication and sponsorships.

Macro Economic Sensitivity

Sensitive to changes in the Indian media and entertainment landscape and shifts in consumer demand for digital content.

Consumer Behavior

Shift toward digital consumption on OTT and YouTube is driving the company's strategic pivot to digital-first monetization.

Geopolitical Risks

Changes in political and economic environments in India and tax laws are cited as factors that could affect operations.

⚖️ Regulatory & Governance

Industry Regulations

Compliance with SEBI (Listing Obligations & Disclosure Requirements) and the Companies Act, 2013. Operations are subject to government actions and local political developments.

Taxation Policy Impact

Subject to Indian corporate tax laws; changes in tax laws are noted as a forward-looking risk.

Legal Contingencies

INR 0. The company states it does not have any pending litigations that would impact its financial position.

⚠️ Risk Analysis

Key Uncertainties

Technological risks and the possibility of internal financial control failures (collusion or management override) could impact financial reporting accuracy.