Sunshine Pictures swings to thin ₹0.25 Cr profit YoY, revenue plunges 91% QoQ from Q4 peak
Sunshine Pictures' maiden result as a listed company — for the quarter ended June 30, 2026 — shows standalone revenue of ₹6.48 Cr and net profit of ₹0.25 Cr (₹25.30 lakh), a turnaround from a ₹1.08 Cr loss in the year-ago quarter but a 91% sequential collapse from the ₹69.38 Cr revenue and ₹39.71 Cr profit booked in Q4 FY26. The company itself flags, in its notes to the results, that film production/distribution revenue is recognised only on theatrical release or content-delivery completion, so quarter-on-quarter and year-on-year comparisons are not meaningful here — Q4 FY26's outsized numbers reflect a large release/licence delivery that quarter, while Q1 FY26 (₹4.23 lakh revenue, a loss) and the current quarter both fall in gaps between releases.
Net profit margin was 3.85% this quarter versus 56.94% in the blockbuster Q4 FY26 and a negative 133.75% in the loss-making year-ago quarter — the swing is a function of which quarters had content to recognise revenue on, not an operating margin trend. Operational cost (₹4.80 Cr) was the dominant expense line at ~77% of total costs, with a ₹0.09 Cr deferred-tax charge and no current tax this quarter. There is no formal management guidance on record and no analyst/street estimates were found for this quarter — the stock listed only three weeks before this print (25-Aug-2026), and IPO research notes reviewed do not carry quarter-specific forecasts.
The quarter's main corporate development is the IPO itself: the company raised ₹282.14 Cr (₹172.80 Cr fresh issue plus a ₹109.34 Cr offer for sale) at ₹360/share, completed just after the quarter closed, and this is the first result prepared under SEBI listing-regulation format and the first subject to statutory limited review (prior quarters' figures were management-compiled and unreviewed). No press release accompanied the filing beyond the board-meeting outcome letter.