What was Basilic Fly Studio's revenue in Q3 FY26?

Basilic Fly Studio reported revenue of ₹105 Cr in Q3 FY26, a — change year-over-year.

Did Basilic Fly Studio management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

Basilic Fly Studio Q3 FY26 Research Workspace: Revenue ₹105 Cr (—)

Revenue ₹105 Cr

EBITDA —

PAT ₹9 Cr

EBITDA Margin 17% -280bps

Duration 69 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Basilic Fly Studio reported consolidated Q3 FY26 revenue of 105 crore, with YTD revenue of 294 crore (1.7x YoY). India standalone revenue grew 2.1x YoY to 94 crore YTD, already surpassing FY25 full-year revenue by 28%. Consolidated EBITDA margin contracted 280bps YoY to 19.9%, impacted by strategic investments including leadership hires, annual appraisals, severance costs, and Ind AS conversion. Management highlighted a strong order book of 200 crore yet to be delivered and new wins exceeding 300 crore. Key initiatives include a hybrid cloud migration targeting 5-15 crore annual savings by July 2026, and expansion of offshore headcount. Risks include elevated aged receivables (over 180 days) which remain around 45 crore despite 9% recovery, and potential margin pressure from continued investment.

Risks3 trackedTranscriptfull text

Research workspace

Focused Modules

⚖Claim Ledger 68% answered

Did management answer the analysts?

12 analyst questions audited, 1 evaded or deflected.

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!Risks 3 risks

Risk Intelligence

Aged receivables remain elevated

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Quarter Snapshot

New client additions 12

+12 QoQ

Added 12 new clients in Q3, serving 56 active clients across regions.

Order book (yet to deliver) 200 cr

+200 cr YoY

Outstanding order book of 200 crore to be delivered, 50% of YTD annual run rate.

Offshore headcount addition 58 FTE

+58 QoQ

Offshore headcount increased by 58 FTEs in Q3, supporting delivery shift.

High-value project pipeline $8-9M

+$8-9M QoQ

Four high-value projects with Netflix/Amazon, each averaging $2M, total $8-9M.

Fast read

Guidance and risk preview

Top guidance Hybrid cloud migration to reduce infrastructure cost by 50% by July 2026

Transition from fully AWS to hybrid model expected to deliver 5-15 crore annual savings, with completion targeted by July 2026.

Top risk Aged receivables remain elevated

Receivables over 180 days stayed around 45 crore despite 9% recovery, with collection delays due to European holidays and client working capital gaps.