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 ₹...
bullish
high
✓ Verified against BSE filing
Claim Ledger
Did management answer the analysts?
Every material analyst question, graded on whether management actually answered it — with the verbatim exchange and quantitative claims checked against filed numbers.
71%Questions answered2Evaded / deflected12Questions auditedMixedNumbers vs filing
Evasive
High priority
Revenue growth breakdown between new and existing clients
Asked by Vinod Sha, VS Ventures
Management acknowledged the mix but refused to provide a specific breakdown.
no breakdown givendeflected to general mix
Read the exchange
Question
So the revenue growth was 83%. Uh so how much of it came from the new clients or existing clients?
Management
So there's been a mix of new and existing. Obviously you know we haven't broken down currently uh you know just before it's called what is new and what is existing.
Partial answer
Medium priority
Revenue split between Bollywood and Indian OTT/TV
Asked by Vinod Sha, VS Ventures
Only provided branded content revenue, not the requested split.
only gave branded content figure, not full split
Read the exchange
Question
what is the revenue split between uh Bollywood and Indian OTT or TV content
Management
out of this the branded content revenue is around 9.
Partial answer
Medium priority
Top three clients and their revenue percentage
Asked by Vinod Sha, VS Ventures
Declined to name clients but gave a rough percentage.
client names not disclosedpercentage given but approximate
Read the exchange
Question
who are like our top three clients and uh what's their percentage to the
Management
sorry you know I can't release uh publicly client names but uh three clients would contribute around maybe 30% of our revenue for sure
Answered
High priority
Current order book value
Asked by Vinod Sha, VS Ventures
Provided a specific range for the order book.
Read the exchange
Question
what's the current order book
Management
we are sitting on close to you know 45 crores or 50 crores of orders which obviously includes around 40 cr protection from our existing outsource clients.
Answered
High priority
Upcoming major productions
Asked by Vinod Sha, VS Ventures
Named a specific project and its estimated value.
Read the exchange
Question
any like major production which is upcoming or which we have delivered recently
Management
new project that's coming up for us is one piece season 3 which we estimate would be in the $1 million range uh a single project
Answered
High priority
Cash flow regularization timeline
Asked by Dhanyani, individual investor
Confirmed the timeline for cash flow regularization.
Read the exchange
Question
do you estimate the cash flow situation to you know become regularized in the next 6 to 12 months
Management
6 to 12 months very easily yes it's I don't see that as a problem for us
Answered
Medium priority
Reason for increase in trade receivables
Asked by Dhanyani, individual investor
Explained the reason for increase in receivables.
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Question
is natural for trade receivables to Increase
Management
because of the client the payments have yet to come from the clients revenue after 90 to 120 days and some clients are taking even 180 days now
Partial answer
High priority
Operating profit margin outlook
Asked by Dhanyani, individual investor
Gave a range but added uncertainty due to AI movie.
uncertainty due to new projectno firm commitment
Read the exchange
Question
operating from profit margin 27% next year
Management
margin 30% 32% but one thing that could change everything which I I have no idea right now because it is our first project that is our AI assisted movie Kingdom games
Answered
High priority
Reason for promoter pledge and unpledge plan
Asked by Dhanyani, individual investor
Clearly explained the reason for pledge.
Read the exchange
Question
promoter holdings why the promoters are placed the holdings last we had a loss banks don't fund
Management
the only security available with the company technically is the shares of the company. So they so since the cash flows were affected and the company needed to borrow funds the banks were not giving funds because of a loss balance sheet.
Answered
High priority
Revenue and profit guidance for next year
Asked by Adash Pandi, individual investor
Provided specific revenue and PAT guidance.
Read the exchange
Question
overall sort of um guidance for next year in terms of revenue and profits
Management
we are looking at a guidance of uh obviously on the business wise around 85 crores all uh revenue top line I'm pretty sure we'll beat that but that's the guidance we we working on with the uh outside world on the pack level we looking at around a 15 to 16 pack
Answered
High priority
Reason for employee cost decline despite revenue doubling
Asked by Ishan Sha, Morning Star
Explained the cost reduction measures clearly.
Read the exchange
Question
the employee cost fell 13%. While the revenue nearly doubled. So may I know so what exactly happened there?
Management
we took active measures in let's say reducing a lot of our uh overhead employee cost in North America. Now when you reduce you know even one person in North America that's reducing literally 20 people in India because the cost is so much of the North American person.
Declined
Medium priority
Free cash flow for FY26
Asked by Rupin Ma, individual investor
Management did not have the figure available.
did not provide numberdeferred
Read the exchange
Question
what's your free cash flow for 26.
Management
I I don't I don't have that answer immediately right now. I'll have to check the numbers.
Quantitative claims vs filed numbers
| Claim | Management said | Filing | Verdict |
|---|---|---|---|
| Revenue growth 83% | 83% | 83.1% | Matches filing |
| Revenue guidance 85 crores | ₹85 cr | ₹32 cr | Overstated vs filing |
| PAT guidance 15-16 crores | ₹15 cr | ₹7 cr | Overstated vs filing |
| VFX revenue target 75 crores | ₹75 cr | ₹32 cr | Overstated vs filing |
| Branded content revenue target 10-12 crores | ₹10 cr | ₹32 cr | Understated vs filing |
| PAT margin 17.8% | 17.8% | 35% | Understated vs filing |
Filed figures sourced from Screener.in. Claims within a small tolerance of the filing are marked “matches filing”.