Order Book
₹45-50 crore
+N/A
Includes ~₹40 crore from existing outsource clients and direct projects like One Piece S3.
DIGIKORESTUDIOS
Other
15 May 2026
Digikore Studios Limited — Q4 FY26
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.
✓ Verified against BSE filing
2-Min Summary
✦ AI-Generated from Full Transcript
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.
Key Numbers
One Piece Season 3 Value
$1 million
+25% vs S2
Estimated project value for the upcoming season, up from ~$800K for S2.
Business Development Meetings
250+
+N/A
In-person and online meetings completed over the last 12 months across US, Europe, Asia, and Latin America.
EF Studios Partnership Revenue Target
₹50 crore
+N/A
Expected VFX revenue over three years from the strategic partnership with EF Studios.
Management Guidance
FY27 Revenue Guidance of ₹85 crore
Management expects topline of ₹85 crore for FY27, with VFX contributing ~₹75 crore and branded content ~₹10-12 crore.
Management guidance revenueFY27 PAT Guidance of ₹15-16 crore
Management targets PAT of ₹15-16 crore for FY27, implying margin improvement.
Management guidance marginsQIP or Preferential Issue of ₹25-30 crore
Company plans to raise ₹25-30 crore via QIP or preferential allotment in FY27 to reduce debt and free up pledged promoter shares.
Management guidance otherProductivity Improvement Target of 3%
Management aims to improve overall productivity by 3% in FY27 through AI tools and process optimization.
Management guidance growthKey Risks
Cash Flow Normalization Delay
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.
medium · analyst_questionAI Disruption to VFX Budgets
Analyst raised concern that AI could reduce VFX demand; management downplayed near-term risk but noted long-term uncertainty.
medium · analyst_questionPromoter Share Pledge
Promoter shares are pledged due to borrowing from NBFCs; unpledging depends on successful fundraise, which is contingent on market conditions.
high · analyst_questionDependence on Hollywood Recovery
Revenue recovery is heavily tied to Hollywood production restart; any renewed disruption could impact growth.
medium · data_observationNotable 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.
Frequently Asked Questions
What was Digikore Studios's revenue in Q4 FY26?
Digikore Studios reported revenue of ₹32 Cr in Q4 FY26, representing a +83.1% change compared to the same quarter last year.
What guidance did Digikore Studios management give for FY27?
FY27 Revenue Guidance of ₹85 crore: Management expects topline of ₹85 crore for FY27, with VFX contributing ~₹75 crore and branded content ~₹10-12 crore. FY27 PAT Guidance of ₹15-16 crore: Management targets PAT of ₹15-16 crore for FY27, implying margin improvement. QIP or Preferential Issue of ₹25-30 crore: Company plans to raise ₹25-30 crore via QIP or preferential allotment in FY27 to reduce debt and free up pledged promoter shares. Productivity Improvement Target of 3%: Management aims to improve overall productivity by 3% in FY27 through AI tools and process optimization.
What are the key risks for Digikore Studios in FY27?
Key risks include Cash Flow Normalization Delay — 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.; AI Disruption to VFX Budgets — Analyst raised concern that AI could reduce VFX demand; management downplayed near-term risk but noted long-term uncertainty.; Promoter Share Pledge — Promoter shares are pledged due to borrowing from NBFCs; unpledging depends on successful fundraise, which is contingent on market conditions.; Dependence on Hollywood Recovery — Revenue recovery is heavily tied to Hollywood production restart; any renewed disruption could impact growth..
Did Digikore Studios meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Digikore Studios Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.