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Revenue
₹32 Cr
verified against source
Revenue YoY
83.1%
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
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Quarter read
What the record says.
Digikore Studios reported a strong turnaround in FY26, with revenue from operations growing 83.1% YoY to ₹66.02 crore and PAT swinging from a loss of ₹7.2 crore to a profit of ₹12.64 crore. The recovery was driven by the return of Hollywood production post-strike, disciplined execution under Project Abhimanyu, and key wins like *One Piece* Season 2 (~$800K) and *Rings of Power*. Management guided for FY27 revenue of ₹85 crore and PAT of ₹15-16 crore, underpinned by a ₹40-50 crore order book and a strategic partnership with EF Studios targeting ₹50 crore over three years. Risks include delayed cash flow normalization (6-12 months) and potential AI disruption to VFX budgets, though management is diversifying into AI-assisted content and branded content.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects topline of ₹85 crore for FY27, with VFX contributing ~₹75 crore and branded content ~₹10-12 crore.
- Management targets PAT of ₹15-16 crore for FY27, implying margin improvement.
- Company plans to raise ₹25-30 crore via QIP or preferential allotment in FY27 to reduce debt and free up pledged promoter shares.
- Management aims to improve overall productivity by 3% in FY27 through AI tools and process optimization.
Risks flagged
- Management acknowledged that cash flow cycles and debtor days may take 6-12 months to regularize, with some clients taking up to 180 days to pay.
- Analyst raised concern that AI could reduce VFX demand; management downplayed near-term risk but noted long-term uncertainty.
- Promoter shares are pledged due to borrowing from NBFCs; unpledging depends on successful fundraise, which is contingent on market conditions.
- Revenue recovery is heavily tied to Hollywood production restart; any renewed disruption could impact growth.
Key quotes
- We did not just recover. We recovered with efficiency.
- AI will change workflows but it will also create new markets and we intend to lead that curve not chase it.
- We are no longer a pure play VFX studio. We are transitioning into a media and technology house.
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