V R Films & Studios reported a standalone net loss of ₹114.08 lakh in the quarter ended June 2026, marking a sharp reversal from the net profit of ₹51.93 lakh recorded in the corresponding quarter of the previous financial year. According to the company's latest financial results, this represents a complete shift in the company's profitability trajectory during the first quarter of FY2026-27. The Board of Directors approved the standalone and consolidated unaudited financial results on August 06, 2026, with the results reviewed by the Audit Committee and subjected to a limited review by statutory auditors B L Dasharda & Associates.
The company's revenue from operations contracted by nearly 52% to ₹128.99 lakh in Q1 FY2026-27, compared to ₹267.77 lakh in the same quarter of the previous financial year. As reported in the latest financial statements, this substantial revenue contraction was coupled with a 12.5% increase in total expenses to ₹249.73 lakh, primarily driven by employee benefits expense of ₹75.91 lakh and other expenses of ₹51.33 lakh. The divergence between revenue decline and expense stability is the defining feature of this quarter's performance, with employee benefits and other expenses accounting for the majority of the cost base, suggesting fixed-cost rigidity that amplified the impact of lower sales.
The company's total income stood at ₹135.04 lakh, comprising ₹128.99 lakh from operations and ₹6.05 lakh from other income. According to the detailed financial breakdown, cost of production was recorded at ₹52.63 lakh, while the profit before tax stood at a deficit of ₹114.69 lakh. After accounting for deferred tax benefits of ₹0.61 lakh, the net loss for the period was determined at ₹114.08 lakh, with basic earnings per share at negative ₹1.04 compared to positive ₹0.47 in the previous year. The shift from profit to loss highlights the sensitivity of the company's margins to volume fluctuations in film distribution and dubbing services.
The consolidated results also reflect a net loss of ₹114.07 lakh for the period, with the consolidated financial statements including results of wholly-owned subsidiary Krismicbon Ai Tech Private Limited, which was incorporated on September 19, 2025. As this is the first time consolidated statements are being prepared following the acquisition, comparative figures for Q1FY26 are not presented for the consolidated segment. The paid-up equity share capital remains unchanged at ₹1,097.60 lakh, indicating no changes in the company's capital structure despite the challenging quarterly performance.
