Basilic Fly Studio Ltd. · NSE:BASILIC
Basilic Fly Studio — Q3 FY26 Earnings Presentation
26 slides from Basilic Fly Studio's earnings presentation, January 2026
Slide 1: Earnings Presentation Q3/9M-FY26
Earnings Presentation Q3/9M-FY26 January 2026
Slide 2: Basilic Fly Studio At Glance
Basilic Fly Studio At Glance 12+ 12+ 6 6 Locations 750+ 750+ 420+ 420+ Years of Experience across Key Markets Team Members Clients 11,550+ 1,150+ 2,200+ 8,160+ 11,550+ 1,150+ 2,200+ 8,160+ Projects Delivered Movies Delivered Series Delivered Commercials Delivered 129% 267% 18% 21% 129% 267% 20% 22%
Slide 3: Company Overview
Company Overview ➢ Basilic Fly Studio Limited (BFS), incorporated in 2016, is a global visual effects studio Consolidated Operational Revenue providing end-to-end visual effects services for films, television series, web content, (INR Mn) & EBITDA Margins (%) and commercials. 3,041 2,944 48.92% 47.7
Slide 4: Building a Global VFX Network
Building a Global VFX Network BFS BFS - One Of Us London, UK London, UK BFS Vancouver, Canada BFS Pune, India BFS Headquarters Chennai, India BFS - One of Us Paris, France 4
Slide 5: Business Overview
Business Overview What we do • Provide visual effects execution services • For films, television series, web content, and commercials Who we work for • Production houses developing film and series content • Streaming platforms with ongoing content pipelines • Global visual effects studios through ou
Slide 6: Trusted by the World’s Leading Studios & Streamers
Trusted by the World’s Leading Studios & Streamers 6
Slide 7: Key Strengths
Key Strengths 1 Diversified Client Operates across both direct client relationships and sub-contracting engagements. Engagement Reduces reliance on any single revenue model. Model 2 Hybrid Global Creates a cost + delivery moat difficult for pure domestic or pure overseas studios to Delivery replicat
Slide 8: Growth Roadmap
Growth Roadmap 1 4 Targeted Geographic Expansion: Global Delivery Foundation: ➢ Expands access to regional talent pools and new client ecosystems ➢ Operates as a centralized global delivery hub for international clients ➢ Enhances BFS’s ability to serve global productions locally ➢ Single, integrate
Slide 9: Financial Overview
Financial Overview
Slide 10: Q3/9M-FY26 Financial Highlights
Q3/9M-FY26 Financial Highlights Q3-FY26 Standalone Highlights Q3-FY26 Consolidated Highlights INR 394 Mn INR 167 Mn 42.39% INR 1,050 Mn INR 176 Mn 16.76% Revenue from Operational Operational Revenue from Operational Operational Operations EBITDA EBITDA Operations EBITDA EBITDA 231.1% YoY 351.4% YoY
Slide 11: Q3/9M-FY26 Operational Highlights
Q3/9M-FY26 Operational Highlights • Q3 FY26 profitability declined YoY due to one-off severance costs, annual appraisals, hiring ramp-up impact, and senior leadership investments in India and the UK. • 9M FY26 growth remained strong, driven by industry revival, India’s strong performance as a prefer
Slide 12: Quarterly Standalone Profit & Loss Statement
Quarterly Standalone Profit & Loss Statement Particulars (INR Mn) Q3-FY26 Q3-FY25 Y-o-Y Q2-FY26 Q-o-Q Revenue from Operations 394 119 231.1% 343 14.9% Operating Expenses 227 82 176.8% 156 45.5% Operating EBITDA 167 37 351.4% 187 (10.7)% Operating EBITDA Margins (%) 42.39% 31.09% 1130 Bps 54.52% (121
Slide 13: YTD Standalone Profit & Loss Statement
YTD Standalone Profit & Loss Statement Particulars (INR Mn) 9M-FY26 9M-FY25 Y-o-Y Revenue from Operations 939 458 105.0% Operating Expenses 502 264 90.2% Operating EBITDA 437 194 125.3% Operating EBITDA Margins (%) 46.54% 42.36% 418 Bps Depreciation 50 41 22.0% Finance Cost 36 19 89.5% Other Income
Slide 14: Quarterly Consolidated Profit & Loss Statement
Quarterly Consolidated Profit & Loss Statement Particulars (INR Mn) Q3-FY26 Q3-FY25 Y-o-Y Q2-FY26 Q-o-Q Revenue from Operations 1,050 934 12.4% 952 10.3% Operating Expenses 874 750 16.7% 726 20.4% Operating EBITDA 176 184 (4.3)% 226 (22.1)% Operating EBITDA Margins (%) 16.76% 19.70% (294) Bps 23.74%
Slide 15: YTD Consolidated Profit & Loss Statement
YTD Consolidated Profit & Loss Statement Particulars (INR Mn) 9M-FY26 9M-FY25 Y-o-Y Revenue from Operations 2,944 1,689 74.3% Operating Expenses 2,357 1,306 80.5% Operating EBITDA 587 383 53.3% Operating EBITDA Margins (%) 19.94% 22.68% (274) Bps Depreciation 110 87 26.4% Finance Cost 63 37 70.3% Ot
Slide 16: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement Particulars (INR Mn) FY23# FY24 FY25 9M-FY26 Revenue from Operations 702 1,003 735 939 Operating Expenses 337 516 422 502 Operating EBITDA 365 487 313 437 Operating EBITDA Margins (%) 51.99% 48.55% 42.59% 46.54% Depreciation 6 10 55 50 Finance Cost 8 5 35 36 Other
Slide 17: Standalone Balance Sheet
Standalone Balance Sheet Particulars (INR Mn) FY24 FY25 H1-FY26 Particulars (INR Mn) FY24 FY25 H1-FY26 ASSETS EQUITY AND LIABILITIES Equity Non-Current Assets Share Capital 232 232 253 Property, Plant & Equipment 18 11 42 Reserves and Surplus 966 1,147 2,111 Intangible Assets - - - Shareholder's Fun
Slide 18: Standalone Cash Flow Statement
Standalone Cash Flow Statement Particulars (INR Mn) FY24 FY25 H1-FY26 Particulars (INR Mn) FY24 FY25 H1-FY26 CASH FLOWS FROM OPERATING ACTIVITIES: CASH FLOWS FROM INVESTING ACTIVITIES Net Profit Before Tax 502 241 230 Fixed assets purchased including Intangible Assets (5) - (37) Adjustments for: - F
Slide 19: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (INR Mn) FY23# FY24 FY25 9M-FY26 Revenue from Operations 787 1,027 3,041 2,944 Operating Expenses 402 537 2,327 2,357 Operating EBITDA 385 490 714 587 Operating EBITDA Margins (%) 48.92% 47.71% 23.48% 19.94% Depreciation 6 11 122 110 Finance Cost 8 5
Slide 20: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (INR Mn) FY24 FY25 H1-FY26 Particulars (INR Mn) FY24 FY25 H1-FY26 ASSETS EQUITY AND LIABILITIES Equity Non-Current Assets Share Capital 232 232 253 Property, Plant & Equipment 19 179 217 Reserves and Surplus 985 1,772 2,822 Intangible Assets - 775 775 Minority
Slide 21: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (INR Mn) FY24 FY25 H1-FY26 Particulars (INR Mn) FY24 FY25 H1-FY26 CASH FLOWS FROM OPERATING ACTIVITIES CASH FLOWS FROM INVESTING ACTIVITIES Net Profit Before Tax 506 510 318 Adjustments for: - Interest Received 24 7 7 Foreign Exchange (Gain)/Loss - 2 15 (
Slide 22: Key Performance Metrics
Key Performance Metrics Revenue by Major Clients (%) Geographical Revenue Break-up (%) 90% 91% 1% 88% 5% 8% 1% 78% 82% 14% 17% 74% 77% 17% 67% 2% 56% 57% 51% 39% 34% 89% 34% 71% 42% 41% 9% 10% FY23 FY24 FY25 9M-FY26 FY23 FY24 FY25 9M-FY26 Others Australia and New zealand Top 5 Top 10 Top 20 Europe N
Slide 23: Financial Performance
Financial Performance Financial Performance Operational Revenue (INR Mn) EBITDA (INR Mn) & EBITDA Margin (%) PAT (INR Mn) & PAT Margins (%) FY 23-25 CAGR: 97% FY 23-25 CAGR: 36% FY 23-25 CAGR: 26% 48.92% 47.71% 35.27% 3,041 714 34.40% 2,944 587 490 19.94% 385 446 23.48% 352 364 1,027 279 787 14.57%
Slide 24: Financial Performance
Financial Performance Financial Performance Net Worth (INR Mn) Net Debt to Equity (x) ROE (%) & ROCE (%) 0.04 Average: -0.16x 172% Average: 62% Average: 72% 3,188 154% -0.19 2,088 -0.15 63% 1,221 32% -0.33 22% 321 47% 20% 27% FY23 FY24 FY25 H1-FY26* FY23 FY24 FY25 H1-FY26* FY23 FY24 FY25 H1-FY26* RO
Slide 25: Capital Market Information
Capital Market Information 60% 1 Year Stock Performance as on 31st December, 2025 40% 20% 0% -20% -40% Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Basilic Fly Nifty Smallcap 250 Shareholding Pattern (31st December, 2025) Price Data (As on 31st December, 2025)
Slide 26: Disclaimer
Disclaimer Basilic Fly Studio Limited No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all eve