Fiction
Bodhi Tree Multimedia posts strong December quarter, buys Moving Image Studios
Content producer posts higher income for December quarter and expands with new investments.
MUMBAI: Bodhi Tree Multimedia, the Mumbai-based production powerhouse, known for its television and internet content, has released a set of unaudited financial results that show a company firmly rooted in growth while simultaneously branching out into fresh territory. Managing director Mautik Tolia oversaw the approval of the figures for the quarter and nine months ending 31 December 2025, revealing a group that is far from static.
For the three months ending 31 December 2025, the consolidated revenue from operations reached a healthy Rs 3,901.52 lakhs (note: all figures in lakhs unless stated). When adding other income of Rs 55.73 lakhs, the total income for the quarter stood at Rs 3,957.25 lakhs. This represents a significant climb from the Rs 1,764.20 lakhs recorded in the same quarter the previous year.
The nine-month period ending in December 2025 told an even more expansive story, with total consolidated income hitting Rs 8,238.70 lakhs. This is a massive leap from the Rs 5,047.62 lakhs seen in the corresponding period of 2024. On a standalone basis, the company’s revenue for the quarter was Rs 1,069.22 lakhs, with a total income of Rs 1,144.51 lakhs.
Of course, growing a media empire requires significant nourishment. The consolidated total expenses for the quarter were Rs 3,634.57 lakhs, largely driven by production costs of Rs 3,298.26 lakhs. After accounting for taxes and other adjustments, the consolidated net profit for the period was Rs 234.52 lakhs.
The earnings per share (EPS) for the quarter stood at Rs 0.13 (basic and diluted), while the nine-month EPS rose to Rs 0.33. On the standalone front, net profit for the quarter was Rs 61.76 lakhs, contributing to a nine-month standalone profit of Rs 267.75 lakhs.
The board didn’t just spend their time crunching numbers; they were busy expanding the family tree. The company has officially approved the acquisition of a controlling stake in Moving Image Studios Private Limited (MISPL). This new subsidiary is already being consolidated into the group’s financial results, though the final fair value determination is still being finalised.
Furthermore, Bodhi Tree has taken a 20 per cent equity stake in Lehren Networks Private Limited (LNPL). This move classifies Lehren as an associate company, allowing Bodhi Tree to exert “significant influence” over the network. The group now oversees a wide variety of subsidiaries, including Vasudhara Media Ventures, Dharmaveer Media City, and Mad Lab Alpha.
The company also addressed several administrative and regulatory matters during the meeting. They confirmed that there have been no deviations or variations in the use of proceeds raised from their rights issue. Regarding the new Labour Codes notified by the Indian Government in November 2025, the company stated it does not currently meet the applicability thresholds, meaning no financial impact was recorded this quarter.
With a busy production schedule and a growing list of subsidiaries, Bodhi Tree Multimedia seems well-positioned to continue its upward climb in the media landscape.
Fiction
Warner Bros Discovery sees Sachem Head double stake in Q4 filing
Activist fund ups bet as Paramount circles and Netflix deal looms
NEW YORK: Warner Bros Discovery has drawn fresh activist attention, with hedge fund Sachem Head Capital Management more than doubling its stake in the media giant during the fourth quarter, according to a regulatory filing.
The fund, one of 2025’s best performers, said it held nearly 8 million shares in Warner Bros Discovery by the end of December. The position ranks among its ten largest US equity bets, underlining growing investor interest in the company as takeover drama gathers pace.
The move comes at a pivotal moment for the studio and streaming group. Warner Bros Discovery has agreed to sell its streaming and studios business to Netflix, a deal that has stirred interest across the industry and sparked a rival approach from Paramount Skydance.
Paramount has already made a hostile bid that was rejected last month, but it is far from backing down. This week, the company stepped up pressure on Warner Bros Discovery, urging the board to at least consider whether its offer could be made more attractive than Netflix’s proposal.
Paramount has also hinted at a possible boardroom battle, suggesting it could attempt to replace directors. It even floated the idea of bringing in the head of Pentwater Capital Management, one of Warner Bros Discovery’s largest investors, as a potential board candidate.
With a market value of about 70 billion dollars, Warner Bros Discovery now sits at the centre of a high stakes contest between strategic buyers and activist investors. Sachem Head’s increased holding signals that the hedge fund sees opportunity in the turbulence.
The filing also revealed new bets by Sachem Head elsewhere. The fund bought 5.2 million shares in telecoms company EchoStar, and opened fresh positions in used car retailer Carvana and entertainment group Live Nation.
Such filings offer a snapshot of hedge fund portfolios at the end of the previous quarter. While they are backward looking, investors still track them closely for clues on which stocks are gaining favour or becoming targets for change.
