PNC - Prit Nandy Comm.
📢 Recent Corporate Announcements
Pritish Nandy Communications (PNC) has approved the re-appointment of two Independent Directors, Mr. Sunil Kumar Alagh and Mr. Karan Ravi Ahluwalia, for second consecutive five-year terms. Both appointments are scheduled to commence on April 6, 2026, and run through April 5, 2031. As Mr. Alagh is 79 years old, his appointment requires a special resolution from shareholders in compliance with SEBI regulations. The company is conducting a postal ballot to seek member approval, with the e-voting results expected by April 19, 2026.
- Re-appointment of Sunil Kumar Alagh and Karan Ravi Ahluwalia for 5-year terms starting April 6, 2026.
- Special resolution required for Mr. Alagh's appointment as he has attained 79 years of age.
- Postal ballot e-voting period scheduled from March 17, 2026, to April 16, 2026.
- Mr. Alagh brings significant experience as the former Managing Director and CEO of Britannia Industries Limited.
Pritish Nandy Communications (PNC) has announced that two of its original web series, 'The Royals' (Netflix) and 'Ziddi Girls' (Amazon Prime Video), won honors at the 4th Indian Telly Streaming Awards 2026. Ishaan Khatter received the Editorial Choice Best Actor award for his role in 'The Royals', while Antara Lahiri won for Best Editing on 'Ziddi Girls'. These awards validate the company's creative capabilities and its ability to deliver high-quality content for top-tier global streaming platforms. Such recognition enhances the company's brand equity and negotiating power in the competitive OTT production market.
- PNC's original series 'The Royals' and 'Ziddi Girls' won awards at the 4th Indian Telly Streaming Awards 2026.
- Ishaan Khatter won Editorial Choice Best Actor — Male (Series) for the Netflix original 'The Royals'.
- Antara Lahiri secured the Best Editing — Series award for the Amazon Prime Video original 'Ziddi Girls'.
- The awards recognize PNC's success in producing content for major global streaming platforms like Netflix and Amazon Prime Video.
Pritish Nandy Communications (PNC) has announced that two of its original streaming series received top honors at the 9th New Delhi Film Festival (NDFF) 2026. 'The Royals,' a Netflix original, won the Best Web Series Award, while 'Ziddi Girls,' streaming on Amazon Prime Video, was named the Top 2nd Web Series in the India section. These accolades validate the company's creative strategy and its successful partnerships with global streaming giants. Such recognition enhances the brand's prestige and the potential value of its content library.
- The Royals (Netflix) won the Best Web Series Award at the 9th New Delhi Film Festival 2026.
- Ziddi Girls (Amazon Prime Video) was honored as the Top 2nd Web Series in the India category.
- The awards recognize content directed by prominent filmmakers including Priyanka Ghose, Nupur Asthana, and Shonali Bose.
- The recognition underscores PNC's ability to create contemporary Indian content for global OTT platforms.
Pritish Nandy Communications (PNC) has announced that two of its original streaming series won top honors at the 18th Jaipur International Film Festival (JIFF) 2026. 'The Royals', a Netflix original, secured the 'Best Web Series Award', while 'Ziddi Girls' on Amazon Prime Video received the 'Top 2nd Web Series Award'. These accolades validate the company's creative strategy and its ability to deliver high-quality content for global streaming giants. Such recognition strengthens the company's brand equity and potential for future high-value commissions.
- The Royals (Netflix) awarded 'Best Web Series Award' at the 18th Jaipur International Film Festival 2026
- Ziddi Girls (Amazon Prime Video) honored with the 'Top 2nd Web Series Award'
- Both series were recognized as top Indian entries in the competitive web series category
- Awards highlight successful partnerships with major global OTT platforms like Netflix and Amazon
Pritish Nandy Communications (PNC) reported a total income of Rs 9.91 crore for Q3 FY26, maintaining an operating profit of Rs 2.13 crore. However, the company recorded a net loss of Rs 10.22 crore due to a one-time exceptional write-down of Rs 17.56 crore in content value following a licensing deal with Shemaroo. For the nine-month period, revenue grew significantly to Rs 35.76 crore from Rs 26.29 crore in the previous year. Management clarified that the loss is purely an accounting adjustment with no impact on cash flows or ongoing operations.
- Q3 FY26 total income stood at Rs 991.12 lakh with an operating profit of Rs 212.53 lakh before exceptional items.
- Reported a net loss of Rs 1021.81 lakh for the quarter after a non-cash write-down of Rs 1756.09 lakh in unamortized content value.
- Nine-month revenue for FY26 increased by 36% year-on-year to Rs 3576.32 lakh compared to Rs 2628.99 lakh in FY25.
- Signed a long-term 11-year licensing agreement with Shemaroo Entertainment for global broadcasting and streaming rights.
- Content pipeline remains active with 'The Royals' Season 2 in development and multiple projects for global streaming platforms.
Pritish Nandy Communications (PNC) reported a sharp increase in Q3 FY26 revenue to ₹9.77 crore, up from ₹3.03 crore in the same period last year. However, the company posted a consolidated net loss of ₹10.18 crore due to a significant non-cash exceptional item of ₹17.51 crore. This exceptional charge represents a write-down in the value of its content library following a reassessment of net realizable value for legacy titles. While the company secured a new licensing deal with Shemaroo Entertainment, the write-down reflects a challenging environment for monetizing older film content in the current OTT-driven market.
- Revenue from operations grew 222% YoY to ₹976.76 lakh in Q3 FY26.
- Recognized a material non-cash exceptional item of ₹1,750.86 lakh for content inventory write-down.
- Consolidated net loss widened to ₹1,018.08 lakh from a loss of ₹35.44 lakh in the previous year's quarter.
- Entered into an 11-year licensing agreement with Shemaroo Entertainment for 18 titles from its content library.
- Deferred tax reversal of ₹440.69 lakh was recorded to partially mitigate the impact of the exceptional loss.
Pritish Nandy Communications Limited (PNC) has filed its compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Registrar and Share Transfer Agent MUFG Intime India Pvt. Ltd., covers the quarter ended December 31, 2025. It confirms that securities received for dematerialization were processed, and the necessary cancellations and listings on stock exchanges were completed within prescribed timelines. This is a standard administrative filing required for all listed companies in India.
- Compliance certificate submitted for the quarter ended December 31, 2025.
- RTA MUFG Intime India Pvt. Ltd. confirmed all dematerialization requests were processed.
- Securities involved are confirmed to be listed on both BSE and NSE.
- Physical certificates were mutilated and cancelled after due verification by the depository participant.
- The filing ensures the company is in adherence with SEBI's depository and shareholding regulations.
Pritish Nandy Communications Limited has announced the closure of its trading window starting January 1, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. This routine measure is taken ahead of the declaration of the company's unaudited financial results for the quarter ended December 31, 2025. The restriction applies to all designated persons and their immediate relatives. The trading window will reopen 48 hours after the financial results are officially disclosed to the stock exchanges.
- Trading window closure effective from Thursday, January 1, 2026
- Closure is in relation to the unaudited financial results for the quarter ending December 31, 2025
- Restriction applies to all designated persons and their immediate relatives as per the company's Code of Conduct
- Window will reopen 48 hours after the announcement of the financial results
Pritish Nandy Communications (PNC) has received a favorable judgment from the City Civil Court, Mumbai, in a commercial suit for the recovery of an advance. The court ordered Saboo Films (Defendant 1) to pay ₹2.47 crore plus 18% annual interest on a principal amount of ₹1.50 crore. Despite the win, PNC has filed an appeal in the Bombay High Court to hold both defendants jointly and severally liable, as the initial decree exonerated the second defendant. The company states this development has no negative impact on its current operations and is a positive step toward recovering funds.
- Court ordered Defendant 1 to pay ₹2,47,29,911 to PNC within a three-month period.
- Interest awarded at 18% per annum on the principal amount of ₹1,50,00,000 from the date of the suit.
- PNC filed an appeal in the Bombay High Court on December 23, 2025, to seek recovery from both defendants jointly.
- The litigation involves a commercial claim for the recovery of an advance payment.
- The company maintains that the judgment is in its favor and will not impact operational activities.
Pritish Nandy Communications Limited (PNC) has entered into a licensing agreement with Shemaroo Entertainment Limited to monetize its content library. The deal involves the exploitation of satellite and digital rights for 18 specific film titles owned by PNC. This strategic move is aimed at maximizing revenue streams from the company's existing assets across multiple electronic platforms. While the specific financial value of the deal was not disclosed, it represents a clear effort to leverage legacy content for digital growth.
- Licensing agreement signed with Shemaroo Entertainment Limited for satellite and digital rights.
- The deal covers a total of 18 film titles from the Pritish Nandy Communications library.
- Strategic focus on monetizing existing content portfolio across multiple electronic platforms.
- Partnership aims to maximize revenue streams from the company's content assets.
Pritish Nandy Communications (PNC) has secured a favorable court order in a commercial recovery suit dating back to 2005. The City Civil Court, Mumbai, has ordered Saboo Films Pvt Ltd to pay a principal amount of ₹1.5 crore along with interest of ₹2.47 crore, totaling approximately ₹3.97 crore. However, PNC intends to challenge the order as it exonerates the second defendant, Mrs. Rita Rahul Rawail. The company seeks to hold both defendants jointly and severally liable for the recovery.
- Court ordered Saboo Films (Defendant No. 1) to pay a principal claim of ₹1,50,00,000.
- Interest accrued since the 2005 filing date amounts to ₹2,47,29,911.
- Total recovery amount decreed in favor of PNC stands at approximately ₹3.97 crore.
- PNC is filing a challenge to include Mrs. Rita Rahul Rawail in the liability decree.
- The suit outcome concludes a legal process that has been ongoing for two decades.
Pritish Nandy Communications (PNC) has officially launched the fourth and final season of its flagship series, 'Four More Shots Please!', on Prime Video as of December 19, 2025. This International Emmy-nominated franchise is one of the company's most successful IPs and is now available in over 240 countries and territories. The release marks the completion of a decade-long production journey for the franchise, representing a significant operational milestone. For a boutique media house like PNC, the successful delivery of high-profile OTT content is a key driver of revenue and brand equity.
- Season 4 of the Emmy-nominated series launched globally on December 19, 2025
- Distribution spans more than 240 countries and territories via Amazon Prime Video
- Marks the conclusion of a decade-long franchise, a major revenue contributor for PNC
- Strategic release timed for the peak holiday season to maximize global viewership
Pritish Nandy Communications announced the release of the trailer for 'Four More Shots Please! Season 4' on Prime Video. The series, produced by Pritish Nandy Communications, will premiere on December 19 in over 240 countries and territories. This marks the fourth and final season of the International Emmy-nominated Original series. Investors should note this release as it can impact viewership and subscription numbers on Prime Video, potentially affecting future revenue streams for the company.
- Season 4 trailer released on December 12, 2025
- Series premieres on Prime Video on December 19
- Available in more than 240 countries and territories
Pritish Nandy Communications (PNC) has scheduled the global premiere of the fourth and final season of its flagship series, 'Four More Shots Please!', for December 19, 2025. The International Emmy-nominated series will be available on Prime Video across more than 240 countries and territories. This launch marks the culmination of a decade-long franchise, which has been a significant content asset for the company. The successful delivery of this high-profile project is expected to reflect in the company's upcoming revenue cycles.
- Final season of the International Emmy-nominated series to premiere on December 19, 2025
- Global distribution secured via Prime Video in 240+ countries and territories
- Project marks the conclusion of a decade-long franchise produced by PNC
- Series created by Rangita and Ishita Pritish Nandy, featuring a high-profile ensemble cast
Financial Performance
Revenue Growth by Segment
The Content segment generated INR 2,540.36 Lakhs in H1 FY26, representing a growth of 11.58% compared to INR 2,276.55 Lakhs in H1 FY25. The Wellness segment revenue declined by 100%, falling from INR 2.00 Lakhs in H1 FY25 to zero in H1 FY26, as the company pivoted focus entirely toward media production.
Geographic Revenue Split
Not disclosed in available documents; however, the company produces content for global streaming platforms like Amazon Prime and Netflix, suggesting a mix of domestic production and international distribution rights.
Profitability Margins
Net Profit Margin was -1.17% in H1 FY26 (loss of INR 29.65 Lakhs on revenue of INR 2,540.36 Lakhs), worsening from -0.76% in H1 FY25. Profitability is constrained by high production cycles where costs are recognized ahead of major platform payouts.
EBITDA Margin
EBITDA margin remains thin to negative; the loss before tax for H1 FY26 was INR 28.43 Lakhs (-1.12% of revenue) compared to a loss of INR 30.57 Lakhs (-1.34% of revenue) in H1 FY25, showing a marginal improvement in core operational efficiency despite the net loss.
Capital Expenditure
The company made payments of INR 252.33 Lakhs to acquire property, plant, and equipment in H1 FY26, a significant increase from INR 2.01 Lakhs in H1 FY25, indicating investment in production infrastructure or creative studio upgrades.
Credit Rating & Borrowing
Total borrowings stood at INR 147.23 Lakhs (INR 140.46 Lakhs non-current and INR 6.77 Lakhs current). Finance costs increased by 46.74% YoY to INR 6.53 Lakhs in H1 FY26, reflecting higher utilization of credit lines or increased interest rates.
Operational Drivers
Raw Materials
The primary 'raw material' is Cost of Content (production expenses), which accounts for 84.38% of total revenue at INR 2,143.59 Lakhs.
Import Sources
Not disclosed in available documents; typically involves domestic and international talent and production services.
Key Suppliers
Not disclosed in available documents; involves various production crews, technical vendors, and talent agencies.
Capacity Expansion
Current capacity is tied to the creative studio's pipeline. Planned expansion includes the production of 'The Royals' Season 2 and other series in development for global streaming platforms.
Raw Material Costs
Cost of content was INR 2,143.59 Lakhs in H1 FY26, representing 84.38% of revenue. This is an 8.57% increase from INR 1,974.34 Lakhs in H1 FY25, driven by higher production values for premium OTT series.
Manufacturing Efficiency
Not applicable as a service/content provider; however, employee benefit expenses rose 31.77% to INR 238.72 Lakhs, indicating a ramp-up in creative staff for new productions.
Logistics & Distribution
Distribution is primarily digital via OTT platforms; other expenses (including distribution-related costs) were INR 209.39 Lakhs.
Strategic Growth
Expected Growth Rate
12.27%
Growth Strategy
Growth is driven by the 'sequel strategy' for successful IPs, such as 'Four More Shots Please' Season 4 and 'The Royals' Season 2. The company is also developing new films and series for global streaming platforms to diversify its revenue base beyond existing hits.
Products & Services
Streaming series (OTT content), cinematic films, and digital media content.
Brand Portfolio
PNC (Pritish Nandy Communications), 'Four More Shots Please', 'The Royals'.
New Products/Services
Season 4 of 'Four More Shots Please' (Amazon Original) and Season 2 of 'The Royals' (Netflix Original) are the primary new drivers for FY26 revenue.
Market Expansion
Targeting global audiences through partnerships with international streaming giants like Amazon Prime Video and Netflix.
Strategic Alliances
Key partnerships with Amazon Prime Video and Netflix for original series production and distribution.
External Factors
Industry Trends
The industry is shifting toward high-quality, multi-season digital series (OTT). PNC is positioned as a premium content creator for these platforms, benefiting from the 12% growth in H1 revenue as platforms demand more local Indian content.
Competitive Landscape
Competes with other major Indian production houses and creative studios for platform budgets and talent.
Competitive Moat
The moat is built on established creative IP (like 'Four More Shots Please') and long-term relationships with global streaming platforms. This is sustainable because successful franchises reduce the 'hit-or-miss' risk for platforms.
Macro Economic Sensitivity
Sensitive to consumer discretionary spending on OTT subscriptions and platform content budgets, which are influenced by broader economic growth.
Consumer Behavior
Increasing preference for binge-watchable, high-production-value episodic content over traditional cinema.
Geopolitical Risks
Minimal, though international filming locations could be affected by regional instabilities.
Regulatory & Governance
Industry Regulations
Subject to content censorship guidelines and digital media ethics codes in India, which can impact production timelines or content themes.
Taxation Policy Impact
The company recorded a deferred tax credit of INR 1.22 Lakhs in H1 FY26, compared to a credit of INR 13.39 Lakhs in H1 FY25.
Legal Contingencies
The company has a pending matter before the City Civil Court; management considers the amount involved as 'good and fully recoverable' and has made no provision for loss.
Risk Analysis
Key Uncertainties
Timing of content releases on OTT platforms can cause revenue to fluctuate by more than 50% between quarters, as seen in the Q2 vs H1 revenue disparity.
Geographic Concentration Risk
Primarily focused on the Indian market for production, though distribution is global.
Third Party Dependencies
Heavy dependency on Amazon and Netflix for project greenlighting and distribution.
Technology Obsolescence Risk
Risk is low, but the company must continuously upgrade to 4K/HDR production standards to meet platform requirements.
Credit & Counterparty Risk
Trade receivables are minimal (INR 2.66 Lakhs), suggesting that major platform clients pay reliably upon milestone completion.