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.
BASILICFLYSTUDIO / bear-case history
Track the concerns that keep returning.
Basilic Fly Studio · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
high
Margin pressure from strategic investments
One-time costs (severance, appraisal, leadership hires) impacted margins by 2.8%, with partial offset expected only in coming quarters.
Project deferrals by production houses
Some projects scheduled for December were deferred, causing revenue timing uncertainty, though management considers it normal.