PADMALAYAT - Padmalaya Tele.

📊 NSE: PADMALAYAT 🏢 Entertainment / Electronic Media Software 📅 Last Updated: 12/14/2025 10:50

💰 Financial Performance

Revenue Growth by Segment

The company reported zero revenue from operations for the half-year ended September 30, 2025, and the full year ended March 31, 2025. Consequently, revenue growth across its single segment, Film Production, is 0% YoY.

Geographic Revenue Split

Not disclosed in available documents. The company is headquartered in Hyderabad, Telangana, suggesting a primary focus on the Indian domestic market.

Profitability Margins

Profitability margins are currently non-existent or negative due to zero revenue. The company reported a net loss of INR 26.65 Lakhs for the half-year ended September 30, 2025, compared to a loss of INR 27.24 Lakhs for the full year ended March 31, 2025. Net profit margin is mathematically undefined/negative.

EBITDA Margin

EBITDA margin is negative as the company incurred total expenditure of INR 36.05 Lakhs for H1 FY26 against zero revenue. This reflects a lack of core operational profitability due to the absence of active projects or monetization.

Capital Expenditure

Historical and planned capital expenditure is not explicitly disclosed in INR Cr. Depreciation and amortization expenses were reported as zero for the period ended September 30, 2025, indicating no significant recent asset additions.

Credit Rating & Borrowing

Not disclosed in available documents. Finance costs were negligible at INR 0.00 for H1 FY26 and INR 0.01 Lakhs for FY25, suggesting minimal interest-bearing debt.

⚙️ Operational Drivers

Raw Materials

The primary 'raw materials' for the company are content production inputs, including script acquisition, artist fees, and production equipment rentals. Specific percentage breakdowns are not disclosed.

Import Sources

Not disclosed in available documents. Sourcing is likely domestic (India) given the nature of regional film production.

Capacity Expansion

Current capacity is not defined in units like MT or MW. The company operates in film production, where capacity is measured by the number of projects in development or production; currently, revenue is zero, suggesting idle capacity.

Raw Material Costs

Not disclosed as a specific line item. Total expenditure was INR 36.05 Lakhs for H1 FY26, which covers all operational costs including administrative and production-related overheads.

Manufacturing Efficiency

Not applicable to a telefilms company. Efficiency is likely measured by cost control, which the company identifies as a mitigation strategy for market volatility.

Logistics & Distribution

Not disclosed in available documents. Distribution costs are tied to film releases, which were absent in the reported period.

📈 Strategic Growth

Expected Growth Rate

Growth Strategy

The company intends to achieve growth through the diversification of content formats and expansion into new markets. It also plans to implement tighter cost controls and strengthen internal compliance frameworks to manage regulatory complexities in the broadcasting sector.

Products & Services

Film production services, telefilms, and related media content.

Brand Portfolio

Padmalaya Telefilms.

Market Expansion

The company mentions diversification of markets as a risk mitigation strategy, though specific target regions and timelines are not provided.

🌍 External Factors

Industry Trends

The industry is shifting toward technology-driven distribution and faces frequent regulatory updates in broadcasting and taxation. The company is positioning itself by monitoring regulatory developments and adopting anti-piracy technology.

Competitive Landscape

The company operates in a volatile market tied to advertising spends and content demand, competing with other film and television production houses.

Competitive Moat

The company's moat would theoretically be its brand and content library, though the current lack of revenue suggests these advantages are not presently being monetized effectively.

Macro Economic Sensitivity

The company is highly sensitive to broader economic conditions that dictate advertising spends. A downturn in GDP could lead to a significant reduction in media consumption and advertising budgets, impacting the company's ability to sell content.

Consumer Behavior

Shifts in consumer behavior toward digital formats and the impact of piracy are key trends affecting demand for traditional telefilm content.

⚖️ Regulatory & Governance

Industry Regulations

Operations are affected by frequent regulatory updates in broadcasting and compliance frameworks. The company must comply with SEBI (LODR) and SEBI (Prohibition of Insider Trading) Regulations.

Taxation Policy Impact

The company is subject to standard Indian corporate tax and GST. A significant issue is the unpaid GST liability of INR 56.06 Lakhs as of March 31, 2025.

Legal Contingencies

The company has a pending GST liability of INR 56.06 Lakhs which led to a qualified opinion from the statutory auditors. This represents a significant financial obligation relative to its current cash position of INR 0.97 Lakhs.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the company's ability to resume revenue generation. The unpaid GST liability of INR 56.06 Lakhs poses a liquidity and legal risk. Piracy and market volatility in advertising are cited as high-impact risks.