Bodhi Tree Multimedia LimitedQ1 FY27 Results & Financial Update

Bodhi Tree Multimedia Limited: Q1 FY27 consolidated results and company financials – revenue ₹30.10 Cr, PAT ₹0.78 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: BTMLPublished 18 Oct 2026Updated 18 Oct 2026~9 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹30.10 CrReported Q1 FY27
Profit after tax₹0.78 CrReported Q1 FY27
EPS₹0.04Reported Q1 FY27

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Quarterly Results AnalysisExplore Bodhi Tree Multimedia Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

During the quarter ended June 30, 2026 (Q1 FY27), Bodhi Tree Multimedia recorded revenue from operations of INR 30.10 crore and total income of INR 31.58 crore on a consolidated basis. Profit before tax (PBT) stood at INR 1.80 crore, and net profit after tax (PAT) reached INR 0.78 crore, resulting in basic and diluted earnings per share (EPS) of INR 0.04 for the quarter. Finance costs were reported at INR 1.34 crore, depreciation and amortization at INR 0.92 crore, and tax expenses at INR 1.02 crore, while other income contributed INR 1.47 crore.

02

According to company investor disclosures for Q1 FY27, total income expanded by 71.54% year-over-year from INR 18.41 crore in Q1 FY26 to INR 31.58 crore. Management attributed this top-line expansion to strong underlying momentum in IP-led content creation, higher production activity, and scaling digital monetization channels across creator studios.

03

Operating profitability, measured by EBITDA, increased by 160.60% year-over-year to INR 4.07 crore in Q1 FY27 compared to INR 1.56 crore in Q1 FY26. Consequently, the EBITDA margin expanded by 440 basis points year-over-year to 12.88% from 8.48%, reflecting operating leverage benefits as business scale increased. On a sequential basis, total income moderated by 12.45% from INR 36.07 crore in Q4 FY26, and EBITDA decreased by 31.67% from INR 5.95 crore, reflecting customary quarter-to-quarter delivery cycles in media production.

04

Profit after tax for Q1 FY27 grew by 64.84% year-over-year to INR 0.78 crore from INR 0.47 crore in Q1 FY26, though PAT margin softened slightly by 10 basis points year-over-year to 2.48%. Sequentially, PAT declined by 62.52% from INR 2.09 crore in Q4 FY26, accompanied by a 330 basis point compression in PAT margin from 5.79%, influenced by seasonal production schedules and financial carrying costs.

05

Operationally, the company produced over 50 titles of original content across television, OTT, and digital platforms during the quarter, with five key shows progressing through various production stages for major broadcasting networks and streaming services. The studio network maintained active execution across its creator-led subsidiaries to support its multi-genre pipeline.

06

A major strategic milestone during the quarter was securing a mandate from the Government of Assam on June 24, 2026, to develop, launch, and manage the state's official digital content platform. Built on Google Cloud using Mogi OTT with Kubernetes auto-scaling, this mandate marks the company's initial entry into public digital infrastructure ownership and recurring subscription-based revenue streams. Additionally, the company signed a strategic memorandum of understanding with the Government of Tripura on July 14, 2026, to strengthen its digital media, creator ecosystem, and AI-enabled infrastructure.

07

The company advanced its corporate consolidation agenda by completing the acquisition of a 50.01% stake in Moving Images as a wholly owned subsidiary to bolster unscripted content production and in-house IP creation. Furthermore, it acquired a 20% strategic stake in Lehren Networks to secure access to a large vintage entertainment library and enhance YouTube-led digital monetization capabilities.

08

Bodhi Tree Multimedia reported consolidated total income of INR 31.58 crore for the first quarter of fiscal year 2027, accompanied by revenue from operations of INR 30.10 crore.

01 · Business model

What does Bodhi Tree Multimedia do?

Bodhi Tree Multimedia Limited is a publicly listed, multi-genre content production and intellectual property company incorporated in 2013 with over a decade of operating history across television, OTT, digital, and FAST (Free Ad-supported Streaming TV) platforms. The company creates original content spanning drama, reality, supernatural, youth, food, and business genres in over five languages including Hindi, Marathi, Tamil, Gujarati, and Bengali.

The company operates through a multi-studio, creator-led ecosystem comprising specialized subsidiaries and business units such as Studio Bodhi, Madlabs Alpha, Moving Images, Guroudev Bhalla Films, and Bodhi Tree Ventures. It is executing a strategic transition from traditional commissioned production services—which typically offer fixed production fees and limited long-term upside—toward co-creation and long-term intellectual property (IP) ownership and multi-cycle monetization.

Bodhi Tree's revenue architecture combines traditional broadcaster and platform commissions with diversified streams from global content syndication, YouTube-led digital monetisation, brand integrations, and digital infrastructure platform management. The company maintains active relationships with major broadcasters and streaming services including Zee TV, Star Plus, Sony TV, Netflix, JioCinema, SonyLIV, and Amazon Prime Video.

02 · Historical context

What shaped the business before this quarter

FY24-FY25 Infrastructure Expansion

Launched Bodhi Tree Ventures and built dedicated sales, syndication, and digital monetization infrastructure, expanding annual total income to INR 89.8 crore in FY25.

03 · Financial snapshot

Current-quarter financial snapshot

MetricQ1 FY27
Revenue from operations₹30.10 Cr
Total income₹31.58 Cr
Profit before tax₹1.80 Cr
Profit after tax₹0.78 Cr
EPS₹0.04

04 · Why it moved

Why the quarter looked the way it did

What drove revenue

IP-Led Content Creation and Syndication

Growth was propelled by expanding backend revenue streams from owned and co-created content properties, alongside domestic and international licensing agreements.

Digital and FAST Platform Scaling

Increased contributions from YouTube networks, Free Ad-supported Streaming TV channels, and digital-first formats widened revenue beyond traditional first-window OTT releases.

Broadcaster and OTT Commissions

Steady pipeline execution across major television networks (Zee TV, Star Plus, Sony TV) and streaming platforms (Netflix, JioCinema, SonyLIV) sustained core production revenue.

What drove margins

Operating Leverage

Scaling revenue base significantly outpaced fixed overhead growth, lifting EBITDA margin by 440 basis points year-over-year to 12.88% in Q1 FY27.

Studio Diversification

Blending mass-market television commissions with high-margin licensing and premium OTT/unscripted IP optimization improved overall gross margin potential across subsidiaries.

Financing and Overhead Costs

Finance costs of INR 1.34 crore, depreciation of INR 0.92 crore, and tax expenses of INR 1.02 crore moderated net profit conversion, resulting in a reported PAT margin of 2.48%.

Operating leverage

Company presentation data highlights that EBITDA expanded faster than top-line growth, reaching INR 4.07 crore with an EBITDA margin of 12.88% in Q1 FY27 compared to 8.48% in Q1 FY26.

Technology-driven efficiencies

The deployment of Bodhi AI and centralized production workflows aims to reduce script-to-screen production timelines and lower content creation costs.

05 · Demand, customers & order book

Where demand is coming from

Broadcaster and Platform Relationships

Maintained active production engagements and repeat commissions with leading media entities including Netflix, JioStar, SonyLIV, Zee TV, Star Plus, and Sony TV.

Content Output Volume

Produced over 50 titles of original content during Q1 FY27, with five key shows actively managed across various production stages.

06 · Segments, products & geography

Which parts of the business are doing the work

Segments and products

Studio Bodhi

Served as the primary global production engine, delivering multi-genre content across TV, OTT, and digital with a cumulative historical output exceeding 5,000 hours.

Moving Images

Operated as a newly integrated subsidiary focusing on digital-first and unscripted IP, leveraging over 20 years of media expertise in reality formats and high-frequency content.

Madlabs Alpha and Guroudev Bhalla Films

Madlabs Alpha focused on premium OTT and film IP (creators of Asur), while Guroudev Bhalla Films concentrated on mass-market TV storytelling with approximately 50% of revenue derived from high-margin licensing.

Television and OTT production

Studio Bodhi and subsidiary units maintained a robust pipeline across mass-market TV storytelling and premium prestige OTT series.

Unscripted and digital units

Moving Images focused on Gen-Z unscripted IP, while Madlabs Alpha targeted premium OTT and film content.

Geography and market mix

Regional and Vernacular Expansion

Expanded production capabilities across Hindi, Marathi, Tamil, Gujarati, and Bengali content to capture growing non-metro and regional audience demand.

International Syndication

Content syndication efforts reached over 100 countries through global distribution partnerships and international sales initiatives.

07 · Capacity, projects & execution

What is being built, commissioned or delivered

Capacity, production and utilisation

Creator-Led Studio Network

Operated through more than 5+ creator-led studios enabling parallel content development and sustained production throughput.

Bodhi AI Workflow Integration

Deployed proprietary AI tools within production workflows to improve casting efficiency, reduce script-to-screen timelines from 12-14 weeks to 4-5 weeks, and achieve projected cost savings of 20-40%.

Projects, capex and execution

Digital Infrastructure Development

Invested in cloud-based digital infrastructure, including Kubernetes auto-scaling architecture on Google Cloud for the Assam digital content platform project.

Strategic Equity Investments

Committed capital toward acquiring a 50.01% stake in Moving Images and a 20% strategic stake in Lehren Networks to expand content libraries and digital reach.

Digital infrastructure investment

Capital allocation focused on scaling Bodhi Tree Ventures, YouTube networks, syndication infrastructure, and the technology architecture for the Assam digital content platform built on Mogi OTT and Google Cloud.

08 · Strategy & new businesses

How the company is trying to change its growth mix

Government Digital Infrastructure (B2G)

Initiated platform ownership model through the Assam digital content platform mandate and the Tripura digital economy MoU, creating recurring subscription revenue streams.

Content-to-Commerce Integration

Leveraged digital footprints and creator fanbases to integrate brand sponsorships, organic product placements, and direct-to-consumer commerce opportunities.

Bodhi Tree Ventures

Scaled specialized units dedicated to global syndication, FAST channel operations, and YouTube-led digital monetization.

Government partnership initiative

Secured a strategic mandate from the Government of Assam on June 24, 2026, to build and manage the state digital content platform, establishing a replicable model for public-sector digital economies.

09 · Reported developments

What changed operationally

Strong Financial Expansion

Reported a 71.54% year-over-year increase in total income to INR 31.58 crore and a 160.60% jump in EBITDA to INR 4.07 crore for Q1 FY27.

State Digital Mandates

Secured a landmark digital platform mandate from the Government of Assam and signed a strategic MoU with the Government of Tripura, establishing a repeatable B2G expansion model.

Subsidiary Integration

Successfully consolidated Moving Images as a subsidiary and secured a strategic stake in Lehren Networks to expand unscripted production and vintage content archives.

Strong year-over-year financial expansion

Consolidated total income rose 71.54% YoY to INR 31.58 crore and company-reported EBITDA increased 160.60% YoY to INR 4.07 crore in Q1 FY27.

Strategic state-level digital mandate

Secured the Assam government digital content platform mandate, marking an entry into recurring technology-enabled platform revenue.

10 · Items worth noticing

The line items that can distort a quick read

Tax expense

The company reported tax expenses of INR 1.02 crore against a PBT of INR 1.80 crore for Q1 FY27.

11 · Cash flow & balance sheet

Profit is one thing. Cash and funding tell another part of the story.

Capital allocation & funding

Finance costs

The company reported finance costs of INR 1.34 crore for the quarter ended June 30, 2026.

12 · Beyond the numbers

What changed beyond the numbers

Reported update

Government of Assam Digital Platform Mandate

On June 24, 2026, Bodhi Tree secured a strategic mandate to develop, launch, and manage Assam's official digital content platform covering regional entertainment, heritage content, live events, and creator storytelling using Mogi OTT and Google Cloud infrastructure.

Reported update

Government of Tripura Strategic MoU

On July 14, 2026, the company signed an MoU with the Government of Tripura to strengthen the state's digital media, creator ecosystem, and AI-enabled infrastructure, establishing a framework for future state-level partnerships.

Reported update

Acquisition of Moving Images Stake

Completed the acquisition of a 50.01% controlling stake in Moving Images to scale unscripted content production and accelerate in-house IP creation.

Reported update

Strategic Stake in Lehren Networks

Acquired a 20% strategic stake in Lehren Networks to gain access to a large vintage entertainment library and enhance YouTube CMS monetization.

13 · Key Q&A

The quarter, answered directly

What does Bodhi Tree Multimedia do?

Bodhi Tree Multimedia Limited is a publicly listed, multi-genre content production and intellectual property company incorporated in 2013 with over a decade of operating history across television, OTT, digital, and FAST (Free Ad-supported Streaming TV) platforms. The company creates original content spanning drama, reality, supernatural, youth, food, and business genres in over five languages including Hindi, Marathi, Tamil, Gujarati, and Bengali.

What is the clearest takeaway from Q1 FY27?

During the quarter ended June 30, 2026 (Q1 FY27), Bodhi Tree Multimedia recorded revenue from operations of INR 30.10 crore and total income of INR 31.58 crore on a consolidated basis. Profit before tax (PBT) stood at INR 1.80 crore, and net profit after tax (PAT) reached INR 0.78 crore, resulting in basic and diluted earnings per share (EPS) of INR 0.04 for the quarter. Finance costs were reported at INR 1.34 crore, depreciation and amortization at INR 0.92 crore, and tax expenses at INR 1.02 crore, while other income contributed INR 1.47 crore.

What drove revenue or demand?

Growth was propelled by expanding backend revenue streams from owned and co-created content properties, alongside domestic and international licensing agreements.

What mattered most for margins or profitability?

Scaling revenue base significantly outpaced fixed overhead growth, lifting EBITDA margin by 440 basis points year-over-year to 12.88% in Q1 FY27.

What changed operationally beyond the headline numbers?

Operated through more than 5+ creator-led studios enabling parallel content development and sustained production throughput.

What should the next disclosure help confirm?

Monitor the commercial rollout, content onboarding, and user adoption metrics for the official Assam digital content platform.

14 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

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15 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Assam Platform Launch: Monitor the commercial rollout, content onboarding, and user adoption metrics for the official Assam digital content platform.

  2. 02

    Tripura Implementation Roadmap: Track the transition of the Tripura memorandum of understanding into definitive implementation agreements and project deployments.

  3. 03

    IP Portfolio Scaling: Observe the production progress and platform release schedules of the five key title shows currently in production across creator studios.

  4. 04

    Subsidiary Synergies: Evaluate revenue contributions and operational integration milestones from newly consolidated entities Moving Images and Lehren Networks.

  5. 05

    Assam digital platform launch: Execution and official rollout of the Assam state digital content platform following the completion of its technical architecture.

  6. 06

    IP portfolio monetization: Progress on the transition from commissioned production toward co-owned IP and recurring multi-cycle revenue streams.

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