Panorama Studios Q3 standalone net at Rs 0.79 crore

Panorama Studios has released their latest quarterly script delivers a classic Bollywood mix standalone holds steady, but the consolidated version takes a dramatic tumble. The Mumbai film production and distribution house reported standalone net profit of Rs 0.79 crore for the quarter ended 31 December 2025, sharply down from Rs 3.05 crore in the same period last year, as revenue from operations dipped to Rs 26.75 crore from Rs 32.11 crore.

The nine-month standalone story tells a happier tale, revenue from operations surged to Rs 237.24 crore from Rs 144.45 crore, lifting net profit to Rs 10.79 crore (against Rs 15.05 crore previously). Total revenue reached Rs 243.70 crore, profit before tax stood at Rs 14.99 crore, though expenses rose operational costs Rs 205.94 crore, finance charges Rs 6.90 crore, depreciation Rs 4.37 crore.

Consolidated figures paint a tougher picture, Q3 swung to a net loss of Rs 1.52 crore versus a Rs 1.30 crore profit last year, with operations revenue at Rs 29.47 crore (down from Rs 33.88 crore). Profit before tax turned negative at Rs 1.92 crore deficit, weighed down by operational expenses Rs 23.54 crore, employee costs Rs 2.80 crore and finance Rs 2.69 crore. For the nine months, consolidated net profit came in at Rs 2.82 crore (down from Rs 8.73 crore), with operations revenue Rs 243.67 crore and total revenue Rs 249.41 crore.

Breaking it down further, profit attributable to owners in Q3 (post-acquisition) was a loss of Rs 0.40 crore, while non-controlling interests absorbed Rs 1.12 crore hit. Over nine months, owners took home Rs 6.76 crore, but non-controlling interests faced a Rs 3.93 crore loss.

The board, convening on 14 February 2026 from 4:00 pm to 6:00 pm, approved these unaudited results under SEBI norms, along with limited review reports from auditors Sigmac & Co. They also confirmed website compliance (Regulation 46(1)) and reviewed a stack of policies – insider trading, CSR, whistleblower, sexual harassment, risk management, dividend, and more, all found compliant and website-hosted.

Key footnotes, a 2:5 bonus issue on 2 December 2025 lifted paid-up equity to Rs 52.11 crore (face value Rs 2), resetting Q3 standalone EPS to Rs 0.03 basic/diluted. No interim dividend declared this quarter (last year’s final was Rs 0.20, 10%). New labour codes effective November 2025 had negligible impact, and investor complaints remained zero for the quarter.

In an industry where box-office fate swings wildly, Panorama’s numbers show resilience on one ledger and a stumble on the group stage, a reminder that even in filmdom, the real drama often unfolds in the fine print.