BTML
Bodhi Tree Multimedia financials
- Market cap
- ₹136 Cr
- Calls analysed
- 2
BTML Q4 FY26
What went well
- FY26 Total Income grew 32% YoY to INR118.45 crores, demonstrating consistent growth.
- FY26 EBITDA increased by 76% YoY to INR17.1 crores, with margins expanding significantly to 14.44% from 10.78%.
- FY26 PAT rose 62% YoY to INR7.95 crores, with PAT margins at 6.71%.
What to watch
- Promoter holding of around 25% is considered low, though management has a plan to increase it over the next 2-3 years.
- The content business, especially IP-led, involves long gestation periods and payment cycles, which can impact cash flows in the short term.
What Bodhi Tree Multimedia Limited does
Bodhi Tree Multimedia produces multi-genre, multi-language shows for television, OTT, digital and FAST platforms, working with broadcasters and platforms such as Zee, Sony, Star, Colors, Disney, JioStar, Netflix and Shemaroo. It operates a multi-studio, creator-led model with in-house units for production (Studio Bodhi), sales/syndication (Bodhi Tree Ventures) and AI-driven workflow tools (Bodhi AI), alongside subsidiaries and collaborations (Madlabs Alpha, Moving Images, Guroudev Bhalla Screens, Amit Khan Content Hub). The company is shifting from fee-based commissioned production toward co-creating and owning IP that it monetizes across multiple platforms, formats and geographies through syndication and licensing.
Segments
- Television
- OTT
- Digital
- Film & FAST TV
- Original content delivered
- 5,000+ hours (since 2013)
- Commissioned & co-created shows
- 100+
- Languages covered
- 5+ (Hindi, Marathi, Tamil, Gujarati, Bengali)
- Countries reached via content syndication
- 100+
- Creator-led studios / units
- 5+ creator-led studios (10+ creator units consolidated group-wide)
- Content verticals
- 4 (TV, OTT, Digital, Film & FAST TV)
Guidance record · Q4 FY26
what the last two calls moved 8 tracked 1 delivered 0 missed 7 open- Total Income for FY26 delivered, diluted said Q2 FY26 Promised: INR130 crores Q4 FY26: Achieved INR 118.45 crores in FY26, significantly exceeding the revised guidance of INR 80+ crores. The original target was INR 130 crores.
- Top line delayed said Q2 FY26 Promised: our three-year goal is a INR250 crores top line Q4 FY26: Target reiterated for the 'next 3 years' as of Q4 FY26, effectively pushing the deadline from ~Q2 FY29 to ~Q4 FY29.
- Promoter Holding open said Q4 FY26 Promised: the plan over the next 2 years is 2 to 3 years is to make sure that there is a significant increase in the promoter stakeholder. Q4 FY26: Management plans a 'significant increase' in promoter holding from ~25% over the next 2-3 years.
All 8 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 66.1%, net profit up 62.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 14 | 17 | 40 | 18 | 23 +67% | 39 +131% | 35 −13% | 30 +66% |
| EBITDA | 2 | 2 | 5 | 1 | 4 +64% | 4 +64% | 5 +2% | 3 +102% |
| Net profit | 2 | 2 | 2 | 0 | 3 +36% | 2 +30% | 2 +11% | 1 +63% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −17.7% 1Y
1Y: ₹9.09 on 10 Sept 2025 → ₹7.48. High ₹9.45 (17 Sept 2025), low ₹5.46 (30 Mar 2026).
How the price took the results
close before → close after
- Q4 FY26
- −1.2%
- 5 Jun
- Q2 FY26
- −2.5%
- 27 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 34.3% a year over 2 years, FY24 to FY26. Operating margin widened to 12.2%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹64 Cr | ₹89 Cr | ₹116 Cr |
| Operating profit | ₹6 Cr | ₹9 Cr | ₹14 Cr |
| Operating margin | 9.0% | 10.1% | 12.2% |
| Interest | ₹1 Cr | ₹2 Cr | ₹3 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹3 Cr |
| Net profit | ₹4 Cr | ₹5 Cr | ₹8 Cr |
| Net margin | 5.6% | 5.5% | 6.9% |
| Cash from operations | ₹-2 Cr | ₹-14 Cr | ₹-37 Cr |
| Free cash flow | ₹-2 Cr | ₹-14 Cr | ₹-46 Cr |
| ROCE | 19.0% | 22.0% | 17.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹1 Cr | ₹1 Cr | ₹12 Cr | ₹12 Cr | ₹18 Cr | ₹18 Cr |
| Reserves | ₹5 Cr | ₹8 Cr | ₹12 Cr | ₹15 Cr | ₹62 Cr | ₹65 Cr |
| Borrowings | ₹3 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹26 Cr | ₹36 Cr |
| Other liabilities | ₹8 Cr | ₹6 Cr | ₹16 Cr | ₹29 Cr | ₹27 Cr | ₹50 Cr |
| Total liabilities | ₹18 Cr | ₹21 Cr | ₹45 Cr | ₹62 Cr | ₹134 Cr | ₹169 Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹14 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr |
| Other assets | ₹17 Cr | ₹21 Cr | ₹45 Cr | ₹61 Cr | ₹133 Cr | ₹154 Cr |
| Total assets | ₹18 Cr | ₹21 Cr | ₹45 Cr | ₹62 Cr | ₹134 Cr | ₹169 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters trimmed −0.16 pp while the public added +0.12 pp. The shareholder count shrank 4% to 21,420.
- Promoters
- 24.3%
- FIIs
- 0.4%
- DIIs
- 8.9%
- Public
- 66.5%
Since Jun 2025
- Promoters −0.16 pp
- Public +0.12 pp
- DIIs +0.06 pp
How it drifted, 12 quarters
Over this window promoters fell from 35.4% to 24.3% — −11.2 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 35.4%, FIIs 0.9%, Public 63.7%.Dec '23: Promoters 35.3%, FIIs 0.4%, Public 64.3%.Mar '24: Promoters 35.3%, FIIs 1.1%, Public 63.6%.Jun '24: Promoters 35.3%, FIIs 0.2%, Public 64.5%.Sep '24: Promoters 35.3%, FIIs 0.6%, Public 64.1%.Dec '24: Promoters 35.3%, FIIs 0.6%, DIIs 0.0%, Public 64.1%.Mar '25: Promoters 35.3%, FIIs 0.6%, DIIs 5.5%, Public 58.6%.Jun '25: Promoters 24.4%, FIIs 0.4%, DIIs 8.8%, Public 66.4%.Sep '25: Promoters 24.4%, FIIs 0.5%, DIIs 8.8%, Public 66.3%.Dec '25: Promoters 24.4%, FIIs 0.4%, DIIs 8.6%, Public 66.5%.Mar '26: Promoters 24.3%, FIIs 0.4%, DIIs 9.3%, Public 66.0%.Jun '26: Promoters 24.3%, FIIs 0.4%, DIIs 8.9%, Public 66.5%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Parumal Consultants Llp newly disclosed 1.67% held
- JR Seamless Private Limited +0.48 pp 2.51% held
The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Bodhi Tree Multimedia Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Mautik Ajit Tolia | 24.21% | unchanged |
| Augmenta Value Trust - Scheme 1 AIF | 8.86% | −0.45 pp |
| Shivaay Strategy Hub Llp | 3.58% | unchanged |
| L7 Hitech Private Limited | 3.06% | unchanged |
| JR Seamless Private Limited | 2.51% | +0.48 pp |
| Narinder Bajaj | 2.42% | unchanged |
| Parumal Consultants Llp | 1.67% | newly disclosed |
| M/S. Fast Track Finsec Private Limited . | 1.27% | unchanged |
| Mrs. Priyanka Jain | 1.18% | unchanged |
| Ultra Sigma Private Limited | 1.10% | unchanged |
| Manisha Sharma | 1.04% | unchanged |
| Pankaj Agarwal | 1.03% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
All earnings calls (2)
Read the Q4 FY26 call →Learn to analyse Bodhi Tree Multimedia Limited
Guides on how to read this kind of business and the numbers that matter.