MUMBAI: It was a quarter of high-grossing sales but low-margin drama for Panorama Studios International Limited, as its Q1 FY26 results revealed a tale of two halves blockbuster revenue gains paired with fading profit lines. Net sales for the June quarter hit Rs 136.35 crore, soaring 49.8 per cent above the average of the past four quarters, signalling a strong near-term script for revenue generation. The box-office-style growth points to robust demand and successful monetisation across projects.
But the profit subplot wasn’t as cheery. Profit Before Tax (PBT) slumped to Rs 3.24 crore, a steep 73.7 per cent fall from recent averages, while Profit After Tax (PAT) slipped to Rs 5.11 crore, marking a 51.2 per cent drop. Rising borrowing costs also made a cameo, with the company logging its highest interest expense in five quarters.
Off-screen, the Debtors Turnover Ratio hit its lowest point in recent periods, hinting at a slower pace in receivables collection, an area that could affect cash flow if the credits keep rolling in late.
The board meeting on 7 August 2025 didn’t just sign off on numbers, it added a governance twist. M/s Nitesh Chaudhary & Associates were appointed as Secretarial Auditor for FY26–FY30 (subject to AGM approval), and the studio unveiled a refreshed contact identity with a new email (info@panoramastudios.in) and website (www.panorama studios.in).
With sales running hot but profits cooling, Panorama’s next act may hinge on whether it can keep the audience in their seats while tightening the back-office plot.
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