Basilic Fly Studio Limited (BFS), a visual effects services company, reported improved financial performance in the second quarter, supported by higher revenue, better utilisation and tighter working capital management.
In Q2 FY26, total income increased 65 per cent year on year to ₹95 crore. EBITDA rose 107 per cent to ₹21 crore, translating into a margin of 22 per cent. Profit after tax stood at ₹15 crore, up 167 per cent, with a PAT margin of 15 per cent. Earnings per share increased 136 per cent to ₹6.
The company reported lower Days Sales Outstanding (DSO), which reduced by 40 days to 100 days. Basilic Fly ended the quarter with a cash surplus of ₹48 crore, compared with net debt of ₹9 crore in Q2 FY25, reflecting an improvement of nearly ₹67 crore. Cash flow from operations for the period was negative ₹17 crore, compared with ₹3 crore in H1 FY25.
For H1 FY26, total income was approximately ₹191 crore, a year-on-year increase of 146 percent. EBITDA grew 107 percent to about ₹39 crore, with an EBITDA margin of around 20 per cent. Profit after tax for the six-month period was roughly ₹27 crore, up 117 percent, resulting in a PAT margin of about 14 per cent. Earnings per share rose 105 per cent to around ₹10.
Operational metrics also improved, with DSO reducing by 98 days to 92 days. The company moved from a net debt position in H1 FY25 to a cash surplus of approximately ₹48 crore in H1 FY26, an improvement of nearly ₹67 crore. Cash flow from operations for the period was negative ₹17 crore versus ₹3 crore in the same period last year.
According to the company, growth in the first half was supported by new clients in India and the full six-month consolidation of its overseas acquisition, compared with two months in the previous year. India operations contributed ₹17 crore in PAT during H1, achieving 94 per cent of last year’s standalone PAT.
BFS raised ₹85 crore through a qualified institutional placement in September 2025 to fund investments in AI, technology upgrades and expansion. Phase I of the company’s technology integration was completed in March 2025, and Phase II is under way. The company has made leadership additions across business development and operations and has begun deliveries from its new Bengaluru facility.
The company said the negative cash flow was primarily due to an increase in working capital, including ₹30 crore in “no-dues debtors” owing to higher volumes towards the end of H1.
BFS said it will continue to focus on execution and operational efficiency, and will evaluate both organic and inorganic growth opportunities.
In Q2 FY26, total income increased 65 per cent year on year to ₹95 crore. EBITDA rose 107 per cent to ₹21 crore, translating into a margin of 22 per cent. Profit after tax stood at ₹15 crore, up 167 per cent, with a PAT margin of 15 per cent. Earnings per share increased 136 per cent to ₹6.
The company reported lower Days Sales Outstanding (DSO), which reduced by 40 days to 100 days. Basilic Fly ended the quarter with a cash surplus of ₹48 crore, compared with net debt of ₹9 crore in Q2 FY25, reflecting an improvement of nearly ₹67 crore. Cash flow from operations for the period was negative ₹17 crore, compared with ₹3 crore in H1 FY25.
For H1 FY26, total income was approximately ₹191 crore, a year-on-year increase of 146 percent. EBITDA grew 107 percent to about ₹39 crore, with an EBITDA margin of around 20 per cent. Profit after tax for the six-month period was roughly ₹27 crore, up 117 percent, resulting in a PAT margin of about 14 per cent. Earnings per share rose 105 per cent to around ₹10.
Operational metrics also improved, with DSO reducing by 98 days to 92 days. The company moved from a net debt position in H1 FY25 to a cash surplus of approximately ₹48 crore in H1 FY26, an improvement of nearly ₹67 crore. Cash flow from operations for the period was negative ₹17 crore versus ₹3 crore in the same period last year.
According to the company, growth in the first half was supported by new clients in India and the full six-month consolidation of its overseas acquisition, compared with two months in the previous year. India operations contributed ₹17 crore in PAT during H1, achieving 94 per cent of last year’s standalone PAT.
BFS raised ₹85 crore through a qualified institutional placement in September 2025 to fund investments in AI, technology upgrades and expansion. Phase I of the company’s technology integration was completed in March 2025, and Phase II is under way. The company has made leadership additions across business development and operations and has begun deliveries from its new Bengaluru facility.
The company said the negative cash flow was primarily due to an increase in working capital, including ₹30 crore in “no-dues debtors” owing to higher volumes towards the end of H1.
BFS said it will continue to focus on execution and operational efficiency, and will evaluate both organic and inorganic growth opportunities.
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