Bodhi Tree Multimedia Q1 revenue jumps 72 per cent to Rs 31.58 crore

MUMBAI: Bodhi Tree Multimedia has started FY27 on a strong footing, reporting a 71.54 per cent year-on-year rise in consolidated total income to Rs 31.58 crore for the quarter ended June 30, 2026.

The listed production and content company also reported a sharp improvement in operating profitability, with EBITDA rising 160.6 per cent to Rs 4.07 crore from Rs 1.56 crore in the year-earlier quarter. EBITDA margin expanded 440 basis points to 12.88 per cent.

Profit after tax rose 64.84 per cent to Rs 0.78 crore, compared with Rs 0.47 crore in Q1 FY26. However, the PAT margin declined marginally to 2.48 per cent from 2.58 per cent.

The company attributed the pressure on PAT margin to a temporary timing gap between costs and revenue recognition. Several shows are in the early stages of production, meaning costs are being booked before the corresponding revenue is recognised. Bodhi Tree expects the gap to narrow as these projects approach completion.

The company said its Q1 performance was supported by project execution and a healthy content pipeline, with upcoming releases expected to maintain operational momentum through FY27.

Bodhi Tree produced more than 50 hours of original content across television, OTT and digital platforms during the quarter. Five key titles were also at various stages of production for leading broadcasters and platforms.

The company is continuing its shift from commissioned production towards an IP-led, multi-platform content business. The strategy focuses on developing and owning original intellectual property that can be monetised across television, streaming, digital and FAST platforms.

Bodhi Tree said it currently has more than 5,000 hours of programming across over 100 shows and is looking to build scalable franchises rather than rely solely on commissioned production.

Technology and AI-led workflows are also being used to support content development and decision-making, according to the company.

The company has also expanded into government-led digital content and platform management.

It secured a mandate from the Government of Assam to develop and manage the state’s official digital content platform. The project expands Bodhi Tree’s presence in platform management and creates potential for recurring revenue.

It has also signed a memorandum of understanding with the Government of Tripura to develop the state’s digital media, creator economy and technology infrastructure. The partnership aims to support Tripura’s development as an AVGC, or animation, visual effects, gaming and comics, content hub.

Mautik Tolia, managing director and CEO, Bodhi Tree Multimedia, said the company had started FY27 by building on the momentum of the previous year.

“Our consolidated income grew 72% YoY to Rs 31.58 crore, EBITDA rose 161% to Rs 4.07 crore, reflecting the operating leverage we spoke about as we scale the business,” Tolia said.

He said demand for Indian intellectual property, including regional content, remained strong, while the company would continue to focus on disciplined, IP-led content creation.

Tolia added that the transition towards owning and building IP would involve longer monetisation cycles and sustained investment, but would allow the company to participate across the content lifecycle and build assets with longer-term value.

Bodhi Tree expects the broader Indian media and entertainment market to provide a supportive backdrop for its strategy. It cited estimates that India’s M&E industry will grow from around $32 billion in 2025 to approximately $38 billion by 2028, while the OTT segment could reach around $24 billion by 2030.

The company also pointed to India’s expanding digital audience, with more than 975 million OTT viewers and 216 million paid subscribers reported in 2025. Connected TV households are projected to reach 191 million by 2028.

With FY26 focused on building its platform and consolidating acquisitions, Bodhi Tree is now looking to FY27 as a year of revenue consolidation and execution.

The Q1 numbers suggest the strategy is beginning to translate into stronger operating performance, although the company’s growing emphasis on owned IP means revenue recognition and monetisation will continue to play out over longer cycles.