Basilic Fly Studio Ltd. · NSE:BASILIC
Basilic Fly Studio — Q2 FY26 Earnings Presentation
51 slides from Basilic Fly Studio's earnings presentation, Nov 11, 2025
Slide 1: Intimation to NSE under Regulation 30
November 11, 2025 Ref: NSE/176/2025-26 To, The Manager, National Stock Exchange of India Ltd. Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai – 400051 Symbol: BASILIC ISIN: INE0OCC01013 Dear Sir/ Madam, Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosu
Slide 2: Q2 & H1 '26 Investor Presentation
Q2 & H1 ‘26 Investor Presentation
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the Presentation), which have been prepared by Basilic Fly Studio Limited (BFS, The Company) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall
Slide 4: BFS Overview, VFX Industry Outlook, Financial Highlights
04 BFS Overview 18 VFX Industry Outlook 24 Financial Highlights 40 Leadership Team Q2 FY H1 & H1 ‘26FY Investor ‘26 Investor Presentation Presentation 3 Q2 & H1 FY ‘26 Investor Presentation
Slide 5: From A Spark In Chennai To A Global Powerhouse
From A Spark In Chennai To A Global Powerhouse Transforming Imagination Into Reality India based London based Studio One of Us Basilic Started 2013 (OOU)- Started 2004 Sep’25 workforce- 423 Sep’25 workforce- 271 Movies Commercials Clients 420 + 1,150+ 8,160 + Became one entity Jul 2024 Projects Web
Slide 6: Evolution / Journey of Basilic Fly Studio
Evolution / Journey of Basilic Fly Studio- From Start-up To A Global VFX Co Laying the Foundations Turning Point IPO Breakthrough Capital Infusion through QIP Started with a core team of 6 VFX Successfully navigated the Listed on NSE Emerge with a Raised ₹85 Cr via QIP by issuing professionals led b
Slide 7: Corporate Structure & Global Presence
Basilic Fly Studio: Corporate Structure & Global Presence Corporate Structure Global Presence UK, France, Canada,& India Basilic Fly Studio Limited (Parent Company — 100% Ownership) London & Vancouver Paris Chennai BFS UK BFS Canada & Pune (Wholly Owned Subsidiary (90.63% held by BFS; – 100% Holding
Slide 8: BFS Strategy – Actioned in H1'26 & Road map
BFS –Strategy – Actioned in H1’26 & Road map H2 & Ahead 3 Strengthening Global Presence by expansion across Geographies • Senior leadership onboarded for Business development roles targeting North America expansion • Short Movie Shutter Bird officially nominated for Oskar award. • Tech integration p
Slide 9: BFS H1 FY 25-26 Highlights
BFS –H1 FY 25-26 Highlights Opening a New Creative Hub Strengthening Global Leadership with 4 Fueling Growth Through QIP Funding New Bangalore Studio to Support Strategic Senior Hires ₹85 Crore Raised via QIP “One of Us” (UK subsidiary) • Adrian De Wet joins as VFX Supervisor & Creative • Dedicated
Slide 10: Post-Acquisition Edge: Unlocking Strategic Advantage
Post-Acquisition Edge: Unlocking Strategic Advantage For BFS Cost Leadership: Time & Capital Efficiency: Technology Leap: • Operating a 20–25 member VFX studio • Replicating similar capabilities • Instant access to cutting-edge AI in London costs ~£4 Mn/year independently would require: tools and VF
Slide 11: Cost Optimization Through Smart Global Integration
Cost Optimization Through Smart Global Integration AWS-Powered Workflow Platform • Real-time tracking & synchronization of file changes across locations • Centralized project management enabling seamless cross-border collaboration Strategic Task Allocation • Tasks assigned to India for cost-effectiv
Slide 12: Tech-Powered Transformation
Tech-Powered Transformation Smart Workflow. Seamless Delivery. Optimized Cloud Tech Seamless Global Scaling for Complex Goal: Efficiency + Integration Operations Deliveries Creativity • Tech integration completion for • Unified platforms enable multi- • Workflows optimized to support Compositing, Ma
Slide 13: Trusted By The World's Leading Studios & Streamers
Trusted By The World’s Leading Studios & Streamers Key Collaborations with Major Film & TV Players Q2 FY H1 & H1 ‘26FY Investor ‘26 Investor Presentation Presentation 12 Q2 & H1 FY ‘26 Investor Presentation
Slide 14: A Proven Track Record Across Movies, Series & Commercials
A Proven Track Record Across Movies, Series & Commercials Completed 1,150+ Movies Projects Completed 2,200+ Series Projects Completed 8,160+ Commercials Q2 FY H1 & H1 ‘26FY Investor ‘26 Investor Presentation Presentation 13 Q2 & H1 FY ‘26 Investor Presentation
Slide 15: Credited Across Global Blockbusters
Credited Across Global Blockbusters Q2 FY H1 & H1 ‘26FY Investor ‘26 Investor Presentation Presentation 14 Q2 & H1 FY ‘26 Investor Presentation
Slide 16: Echo Of Trust - Client Testimonials
Echo Of Trust - Client Testimonials John Mangia Matt Gore VFX Supervisor at marvel studios VFX Producer Superman & Lois We’re putting the final touches on a few shots but hopefully folks appreciate I've worked with Basilic Fly on numerous projects over the years, and their all the love that was put
Slide 17: Accolades: Recognized For Excellence
Accolades : Recognized For Excellence: Outlook Business Spotlight’s – Business Best VFX TV Series (International) Best VFX Shot in TV Series (International) Excellence Awards 2023 - Warrior Nun 2 - Warrior Nun 2 Best VFX Shot in Feature Film Changemakers of modern India – Company Of The Year (Intern
Slide 18: Accolades: Recognized For Excellence
Accolades : Recognized For Excellence: Most Prominent Company 2023, (Animation Times Business Awards Outlook Business Excellence 15 years of Vidhai - Agaram Category) At Nation Wide Awards Bengaluru 2023 awards 2023 Foundation Akshaya Patra - Gratitude Akshaya Patra - Gratitude NDA Signing Ceremony
Slide 19: Fueling the Next Visual Revolution
Fueling the Next Visual Revolution Positioned at the Heart of a Booming $197.3 Bn Global VFX Industry. H1 FY ‘26 Investor Presentation 18 Q2 & H1 FY ‘26 Investor Presentation
Slide 20: Global VFX Industry Dynamics & Opportunities
Global VFX Industry Dynamics & Opportunities Global VFX Market Revenue Growth 2025: USD 197.3 Bn 2030: USD 348.5 Bn CAGR: 12.05% Key Drivers of Growth Streaming Platform Real-Time Virtual Gaming Sector Surge: Production: AAA games integrating OTT giants deploying LED walls, Unreal Engine, cinematic-
Slide 21: The Rise Of The VFX Industry In India
The Rise Of The VFX Industry In India India's VFX industry is set for rapid growth, driven by advanced technologies, skilled talent, and global partnerships. VFX Market Size • Global market projected to grow at a CAGR of 10.7%, from US$ 15 billion in 2023 to US$ 30 billion by 2030 Indian VFX Market
Slide 22: Industry Growth Drivers
Industry Growth Drivers India’s VFX industry, despite a 9.4% revenue dip in 2024 due to global headwinds, is poised for strong recovery with a 13% CAGR through 2027 Global demand slowdown. Projected to recover at a India is emerging as a global Competitive talent and cost Revival of international CA
Slide 23: France Tax Rebate Incentives For VFX & Film Production
France Tax Rebate Incentives For VFX & Film Production Tax Rebate Amount • 30% of qualifying expenditures incurred in France. Up to 40% if French VFX expenses exceed 2 Mn. Eligible Projects • Fiction films (live action or animation) including feature films, TV shows, web series, VR, short films, TV
Slide 24: Strengthening The UK Film Sector: Tax Reliefs & Strategic Support
Strengthening The UK Film Sector: Tax Reliefs & Strategic Support 40% Tax Relief for Independent Films Increased Visual Effects Relief UK films with budgets up to £15 Mn will The tax credit for visual effects in films and high-end now receive a 40% tax relief under the new TV has been increased by 5
Slide 25: Financials Updates
Financials Updates Robust 2.5x Y-o-Y Revenue Margins- Maintained for Inorganic Growth- Prominent Unlocking value by Growth in H1 FY’26 Standalone Improved for UK Acquisition- One of US domain leader cost synergies Foreign subsidiary Q2 & H1 FY ‘26 Investor Presentation 24
Slide 26: Financial Highlights - Consol Q2'26
Financial Highlights - Consol Q2’26- ₹ Cr P&L Highlights Q2‘26 v/s Q1‘26 v/s Q2‘25 Q2‘26 v/s Q1’26 v/s Q2‘25 Revenue 95.1 (0.3%) + 64.8% EBITDA % 22.1% +3.5% +4.5% EBITDA 21.0 +18.8% +106.9% PAT % 15.4% +2.8% +5.9% PAT 14.7 +21.6% +166.7% ROE % 22.5% (0.8%) +7.5% Balance Sheet Highlights Q2‘26 v/s Q
Slide 27: Financial Highlights - Consol H1'26
Financial Highlights - Consol H1’26- ₹ Cr P&L Highlights H1‘26 v/s H2‘25 v/s H1’25 H1‘26 v/s H2‘25 v/s H1‘25 Revenue 190.5 (16.7%) +146.3% EBITDA % 20.3% +1.1% (3.9%) EBITDA 38.7 (12.1%) +107.0% PAT % 14.0% (0.5%) (1.9%) PAT 26.8 (19.6%) +117.1% ROE % 20.9% (15.3%) +3.8% Balance Sheet Highlights H1‘
Slide 28: Financial Highlights - Consol Full Year FY25
Financial Highlights - Consol Full Year FY25 - ₹ Cr P&L Highlights FY’25 FY’24 FY’25 vs FY’24 FY’25 FY’24 FY’25 vs FY’24 Revenue 306.1 105.8 +189.3% EBITDA % 20.5% 49.3% (28.9%) EBITDA 62.7 52.2 +20.1% PAT % 14.9% 34.5% (19.6%) PAT 45.6 36.5 +24.8% ROE % 28.0% 47.2% (19.2%) Balance Sheet Highlights
Slide 29: Consol Quarterly Performance Trend
Consol Quarterly Performance Trend Revenue EBITDA 64.8% Qtr. Y-o-Y 107.9% Qtr. Y-o-Y Growth Growth 18.8% Q-o-Q Growth 95.4 95.1 21.0 17.7 57.7 10.1 Q2'25 Q1'26 Q2'26 Q2'25 Q1'26 Q2'26 PAT EBITDA Margin & PAT Margin 166.7% Qtr. Y-o-Y 22.1% Growth 17.6% 18.5% 15.4% 9.5% 12.7% 21.6% Q-o-Q Growth EBITDA
Slide 30: Consol Half Yearly & Full Yearly Performance Trend
Consol Half Yearly & Full Yearly Performance Trend Revenue Half Year & Full Year Trend 38.4% CSAGR* 129.6% CAGR (16.7) 306.1 228.7 189.3% 190.5 105.8 77.4 79.0 51.9 53.9 25.3 H1'24 H2'24 H1'25 H2'25 H1'26 FY'22 FY'23 FY'24 FY'25 EBITDA & EBITDA % Half Year & Full Year Trend 12.7% CSAGR* EBITDA % 6.7
Slide 31: Consol Half Yearly & Full Yearly Performance Trend
Consol Half Yearly & Full Yearly Performance Trend PAT & PAT % Half Year & Full Year Trend 9.1% CSAGR* PAT % 3.6% 35.3% 34.5% 14.9% (19.6%) 268.2% CAGR PAT % 36.4% 32.8% 15.9% 14.5% 14.0% 24.8% 45.6 36.5 33.3 26.8 27.9 18.9 17.7 12.3 0.9 H1'24 H2'24 H1'25 H2'25 H1'26 FY'22 FY'23 FY'24 FY'25 OCF- Ope
Slide 32: Consol Profit & Loss Statement – QoQ
Consol Profit & Loss Statement – QoQ ₹ Cr Particulars Q2 FY ’26 Q1 FY ’26 Q-o-Q Growth (%) Q2 FY ’25 Y-o-Y Growth (%) Revenue From Operations 94.5 94.9 (0.4%) 56.3 67.8% Other Income 0.7 0.5 35.4% 1.4 (53.9%) Total Income (A) 95.1 95.4 (0.3%) 57.7 64.8% Employee Benefits Expense 58.1 64.2 (9.5%) 32.
Slide 33: Consol Profit & Loss Statement HoH
Consol Profit & Loss Statement HoH – ₹ Cr Half Yearly Full Yearly Particulars H1 FY ‘26 H2 FY ’25 H-o-H Growth (%) H1 FY ’25 Y-o-Y Growth (%) FY ’25 FY ’24 Y-o-Y Growth (%) Revenue From Operations 189.4 228.1 (17.0%) 76.0 149.1% 304.1 102.7 196.2% Other Income 1.1 0.6 77.3% 1.3 (15.8%) 2.0 3.1 (36.4
Slide 34: Consol Balance Sheet
Consol Balance Sheet – ₹ Cr Sep ‘25 v/s Mar ‘25(In ₹ Cr) th st Particulars As on 30 Sep'25 As on 31 Mar'25 Share Capital 25.3 23.2 2.0 Reserves and Surplus 284.1 179.0 105.1 Shareholders' Funds 309.3 202.2 107.1 Minority Interest 11.3 8.4 2.9 Long-Term Borrowings 31.5 35.7 (4.2) Deferred Tax Liabili
Slide 35: Consol Cash Flow Statement
Consol Cash Flow Statement – ₹ Cr Particulars H1'26 H2'25 H-o-H Growth H1'25 Y-o-Y Growth Operating Profit before working capital changes 37.9 44.8 -6.9 16.7 21.2 (Increase)/decrease in Trade Receivables -34.4 -15.3 -19.1 -8.6 -25.8 (Increase)/decrease in Short Term Loans & Advances -0.1 0.0 -0.1 3.
Slide 36: Consol Financial Ratios
Consol Financial ratio- ₹ Cr (In %) (In %) ROE ROCE 105.6* 156.7* 40.3 47.2 23.0 20.3 28.0 20.9 FY'23 FY'24 FY'25 H1'26 Annualized FY'23 FY'24 FY'25 H1'26 Annualized EPS (In ₹) Book Value (In ₹) 131.8 17.9 16.3 16.1 87.0 10.2 53.0 18.6 FY'23 FY'24 FY'25 H1'26 Annualized FY'23 FY'24 FY'25 H1'26 Q2 FY
Slide 37: Consol Financial Ratios
Consol Financial ratio- ₹ Cr (In Times) (In Times) Fixed Asset Turnover Ratio Interest Coverage Ratio 53.5 97.8 34.0 55.7* 17.0 17.5 13.9 12.2 FY'23 FY'24 FY'25 H1'26 FY'23 FY'24 FY'25 H1'26 (In Times) (In Times) Debt to Equity Current Ratio 8.6 0.3 0.2 0.1 4.2 3.8 2.4 0.0 FY'23 FY'24 FY'25 H1'26 FY
Slide 38: Financial Highlights - Standalone Q2'26
Financial Highlights - Standalone Q2’26- ₹ Cr P&L Highlights Q2‘26 v/s Q1‘26 v/s Q2‘25 Q2‘26 v/s Q1‘26 v/s Q2‘25 Revenue 34.9 69.0% 73.9% EBITDA % 49.9% 10.8% 7.1% EBITDA 17.4 115.6% 102.6% PAT % 34.1% 8.4% 4.4% PAT 11.9 124.4% 100.0% ROE % 24.9% 10.0% 6.4% Balance Sheet Highlights Q2‘26 Q1’26 Q2’25
Slide 39: Financial Highlights - Standalone H1'26
Financial Highlights - Standalone H1’26- ₹ Cr P&L Highlights H1‘26 v/s H2‘25 v/s H1‘25 H1‘26 v/s H2‘25 v/s H1‘25 Revenue 55.5 +37.9% +58.0% EBITDA % 45.9% +12.2% +4.6% EBITDA 25.5 +87.6% +75.7% PAT % 31.0% +11.2% +1.6% PAT 17.2 +116.4% +66.8% ROE % 18.2% +6.5% +1.9% Balance Sheet Highlights H1‘26 v/
Slide 40: Standalone Revenue - Client concentration
Standalone Revenue- Client concentration In % In % In % FY‘23 FY‘24 FY‘25 H1‘26 In % 29.8 42.1 39.3 40.92 59.08 57.9 60.7 70.2 Top 5 Clients Others In ₹ Cr Particulars FY’23 FY’24 FY’25 H1‘26 Top 5 Customers 32.3 58.03 44.6 38.3 Other Customers 46.6 42.3 28.9 16.2 Total 78.9 100.3 73.5 54.5 Q2 FY H1
Slide 41: Standalone Revenue break-up split by Geographies
Standalone Revenue break-up split by Geographies FY‘23 FY‘24 FY‘25 H1‘26 1% 5% 8% 8% 2% 14% 16% 35% 17% 40% 44% 53% 32% 45% 44% 35% North America Europe Australia & New Zealand Others Q2 FY H1 & H1 ‘26FY Investor ‘26 Investor Presentation Presentation 40 Q2 & H1 FY ‘26 Investor Presentation
Slide 42: Stock Data
1800000 200000 0 800000 1600000 1400000 2000000 600000 1000000 400000 1200000 12-Sep-2023 Source – NSE 20-Sep-2023 28-Sep-2023 Face Value (₹) 06-Oct-2023 Share Price (₹) 14-Oct-2023 22-Oct-2023 30-Oct-2023 07-Nov-2023 Stock Data 52 week High-Low (₹) 15-Nov-2023 23-Nov-2023 01-Dec-2023 No. of Shares
Slide 43: QIP Fund Raise: Powering BFS's Next Growth Phase
QIP Fund Raise: Powering BFS's Next Growth Phase Positioned At A Key Inflection Point In The Global VFX Industry 85 Cr 20.25 Lakh Strong Demand Raised via QIP Equity Shares Issued at 419.72 per share From Reputed Institutional Investors Key Institutional Investors Investor Name Participation / Alloc
Slide 44: Visionaries at the Helm
Visionaries at the Helm A Leadership Team That Combines Creativity, Strategy, and Global Experience to Drive Unstoppable Growth. H1 FY ‘26 Investor Presentation 43 Q2 & H1 FY ‘26 Investor Presentation
Slide 45: BFS Board Of Directors: Driving Growth & Innovation
BFS Board Of Directors: Driving Growth & Innovation Mr. Balakrishnan Mrs. Yogalakshmi Managing Director & CEO President - Business Strategy, Whole Time Director Experience : 20+ years Experience : 13+ years • Works with the board to define goals, assess industry trends, manage the • Skilled business
Slide 46: BFS Board Of Directors: Driving Growth & Innovation
BFS Board Of Directors: Driving Growth & Innovation Mr. Prabhakar Duraiswami Mr. Vengarai Seshadri Sowrirajan Whole Time Director Independent Director Experience: 35+ years in corporate governance and Experience: Over 10 years in project management compliance within the creative industry. Leads Basi
Slide 47: OOU Board Of Directors: Driving Growth & Innovation
OOU Board Of Directors: Driving Growth & Innovation Ms. Rachael Penfold Mr. Dominic Parker CEO and Co-founder London, UK Co-founder, Creative Director, & acting Director Experience : 30+ years of Finance & Operations, London, UK Experience : 30+ years Led the Group’s expansion from niche projects to
Slide 48: Meet The Visionaries: Senior Management
Meet The Visionaries: Senior Management Mr. Gaurav Mehra Mr. Zameer Hussain Mr. Ikkurthi Chandramohan Chief Financial Officer COO and Global EVP Company Secretary & Compliance Officer Experience: 20+ years in CFO roles and Experience: 28+ years in the VFX and business finance at top MNCs like HCL, c
Slide 49: Core Team: Driving Innovation & Collaboration
Core Team: Driving Innovation & Collaboration Mr. Adrian De Wet Mr. Sal Umerji Mr. Amir Shahinsha Mr. Anbukumaran D Visual Effects Supervisor & General Manager UK & Europe Head of Studio Head of Production Creative Director – Los Angeles With 20+ years of experience in film, With over 25 years of ex
Slide 50: Core Team: Driving Innovation & Collaboration
Core Team: Driving Innovation & Collaboration Mr. Tushar Kant Ojha Mr. Dinesh Rokade Ms. Jennifer Hargreaves Mr. Manikandan R Mr. Lakshmanan C Head of Human Resources Head of IT EP/GM Business Development Associate Head Production North America of VFX Operations Operations Manager A specialist in VF
Slide 51: Thank You
Thank You Basilic Fly Studio Limited Kirin Advisors Tower A, KRC Commerzone, Mount Poonamalle Road, Porur Na, 713-B, Lodha Supremus II, Wagle Estate, Chennai- 600 116 Thane (W) – 400 604 E-mail: cs@basilicfly.com E-mail: info@kirinadvisors.com Phone: 044-61727700 Phone: +91 022 4100 2455 Website: ww