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Revenue
₹105 Cr
verified against source
Revenue YoY
—
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
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.
Colored figures show movement against the previous available record.
Guidance to track
- Transition from fully AWS to hybrid model expected to deliver 5-15 crore annual savings, with completion targeted by July 2026.
- Management guided for 25-30% revenue CAGR and 1.5-2% annual margin improvement, driven by offshoring and cost initiatives.
- Inorganic growth opportunity in North America is at advanced discussion stage, targeting capability/geography expansion.
Risks flagged
- Receivables over 180 days stayed around 45 crore despite 9% recovery, with collection delays due to European holidays and client working capital gaps.
- One-time costs (severance, appraisal, leadership hires) impacted margins by 2.8%, with partial offset expected only in coming quarters.
- Some projects scheduled for December were deferred, causing revenue timing uncertainty, though management considers it normal.
Key quotes
- We are building not just scale but a resilient future ready global platform position to capture the next phase of growth.
- If you see the total OCI margin for the YTD we stand at 13%. And if I add back this one-off I stand at 15.8% versus the 14.8% of the last year.
- The aged receivables are more for the India business wherein we get the subcontracted business from the studios... it's not from those production houses.
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