Basilic Fly Studio Limited Q2 & H1 FY26 Concall Decoded: – 146% revenue growth, Oscar dreams, and a cash flow headache hiding backstage
1. Opening Hook
While most midcap companies were busy blaming global uncertainty, strikes, or Mercury in retrograde, Basilic Fly Studio casually dropped a 146% YoY revenue growth and moved on to talking about the Oscars. Yes, actual Oscars. Not “office awards night with samosas,” but the real Hollywood kind.
Management sounded confident, global, and slightly jet-lagged—jumping from Chennai to London to LA in one sentence. The tone? Ambitious. The subtext? “We’ve arrived, but please ignore receivables for a moment.”
Between Netflix partnerships, Disney features, Warner Bros. whispers, and AI-powered pipelines, this call had everything—except boring accounting comfort.
Read on. Because behind the glitz, there’s margin pressure, cash flow gymnastics, and a ₹400–500 crore ambition trying very hard to behave. Things get spicy later. 🍿
2. At a Glance
Revenue up 146% YoY (₹190.5 cr) – Growth so fast it skipped the warm-up lap.
EBITDA up 107% (₹38.7 cr) – Profitable, but still breathing heavily after the sprint.
PAT up 117% (₹26.8 cr) – Profits showed up fashionably late, but showed up big.
EBITDA Margin at 20.3% – Respectable, yet overseas studios are squeezing a bit.
Net Cash ₹48.3 cr – QIP money doing yoga on the balance sheet.
