Panorama Studios International Ltd Q1 FY27 Results

PANORAMAQ1 FY27 ResultsAnnounced 14 Aug, 10:17 pm

Result:Good· Market: FlatBroad basedMargin expansionBase effect

Metric	Value	Q4 FY26	Q1 FY26
Revenue	183.07 Cr	182.4%	34.3%
Total Income	185.16 Cr	172.5%	34.3%
Expenditure	168.23 Cr	199.9%	26.4%
PBT	16.93 Cr	42.9%	253.2%
Net Profit	12.71 Cr	77.5%	263.0%
OPM	10.94%	8.99pp	5.38pp
NPM	6.87%	3.67pp	4.33pp
EPS	0.52	52.9%	27.8%

View full financials

Revenue and adjusted PAT both grew strongly YoY with genuine operating-margin expansion (5.56%→10.94%) rather than a one-off, but the near-tripling of profit is flattered by a modest year-ago base, keeping it just below very_good.

Q1 FY-2027 RESULTS · PANORAMA

Panorama Studios Q1 FY27: consol PAT up 263% YoY on 34% revenue growth, margins expand

PAT +262.96% YoY · revenue +34.27% · margins expanding

14 Aug 2026 · 3 min read

Revenue

₹183.07 Cr

+34.27% YoY

PAT (consolidated)

₹12.71 Cr

+262.96% YoY

Net margin

6.87%

+4.3pp YoY

EPS

₹0.52

Panorama Studios International's consolidated Q1 FY27 (quarter ended June 30, 2026) revenue from operations rose 34.3% YoY to ₹183.07 Cr from ₹136.35 Cr, while consolidated profit for the period more than tripled YoY to ₹12.71 Cr from ₹3.50 Cr — a 262.96% jump, though off a modest year-ago base. Operating margin (EBITDA/revenue) expanded to 10.94% from 5.56% YoY, and net margin expanded to 6.87% from 2.54% YoY, indicating topline growth converted disproportionately to profit as operating costs grew slower than revenue.

The scoreboard

Q1 FY-2027 vs prior quarters

Consolidated P&L, ₹ Crore

	Q1 FY-2027	QoQ	YoY
Revenue	₹183.07 Cr	+182.4%	+34.3%
Expenses	₹168.23 Cr	+199.9%	+26.4%
PAT	₹12.71 Cr	+77.54%	+262.96%
Net margin	6.87%	-3.7pp	+4.3pp
EPS	₹0.52	+52.9%	-27.8%

Sequentially, revenue jumped from ₹64.83 Cr in Q4 FY26 (+182.4% QoQ), but margins compressed versus that quarter (OPM 19.93%→10.94%, NPM 10.54%→6.87%). Q4 FY26 was a lower-revenue but richer-margin quarter — consistent with the project/release-driven revenue recognition typical of film production and distribution — so the QoQ swing reflects business mix rather than deterioration; the YoY comparison is the more reliable read on trend.

₹

The tape into the print — daily closes, last 3 months

The stock went into the print at ₹47.5, down 4.8% over the past month of trading.

₹ Cr

Quarterly consolidated PAT, ₹ Crore

For context: this is the second-highest quarterly PAT of the last 6 quarters; PAT has now risen for 2 consecutive quarters.

Beyond the headline

What the summary numbers don't show

EPS: ₹0.52 consolidated basic (₹0.56 standalone) vs ₹0.21 consolidated a year ago; prior-period EPS recalculated for the 2:5 bonus issue done December 2, 2025

There is no formal management guidance or prior concall commentary on record for this company, and a web search turned up no brokerage previews or consensus estimates for this quarter — both the guidance and Street-expectation checks return unknown, consistent with a small-cap that has limited analyst coverage. The quarter's corporate activity — new distribution/exhibition deals for the Telugu film 'Hrudayam', the Malayalam film 'Paisawala', 'Toxic' (Kerala exhibition), 'Kanimangalam Kovilakam' film rights and airborne rights for 'Faces', alongside a board-approved 10% stake investment in Rhea & Dia Enterprises announced August 13, 2026 — points to an active content pipeline aligned with the reported scale-up in the production/distribution vertical, though the filing carries no management press release quantifying these deals' contribution.

W1
Whether OPM holds above the 10.94% Q1 FY27 level or reverts toward the 19.93% seen in Q4 FY26 as project mix shifts
W2
Revenue contribution in coming quarters from the deals signed this quarter (Hrudayam, Toxic, Kanimangalam Kovilakam, Faces, Paisawala)
W3
Returns/utilization from the newly announced 10% stake in Rhea & Dia Enterprises