IDream Film Q2 FY27 Results (BSE: 504375)
Signal: Loss narrowed
The read
The key inflection is the shift from a standalone, near-zero-revenue company to a consolidated group with ₹325.54 lakh of quarterly revenue, but the added business currently carries ₹682.01 lakh of expenses and drove a ₹340.09 lakh loss; the equity base also expanded to ₹27,055.33 lakh, making EPS-to-PAT comparability a major earnings-quality issue.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹3.26 Cr | N/A | +35.38% |
| Net profit | ₹-3.4 Cr | N/A | N/A |
| EPS | ₹-0.13 | N/A | |
| EBIT margin | N/A |
P&L walk
Consolidated revenue from operations rose to ₹325.54 lakh from ₹240.46 lakh sequentially, but expenses reached ₹682.01 lakh and depreciation ₹106.23 lakh, producing a ₹340.09 lakh loss as E-Tunnel Inc was consolidated from 1 July 2026.
Segments
There is no operating segment table, but the standalone-versus-consolidated gap is material: standalone loss was ₹14.46 lakh while consolidated loss was ₹340.09 lakh, with E-Tunnel Inc contributing the newly consolidated operations from 1 July 2026.
Key positives
- Consolidated revenue from operations reached ₹325.54 lakh in Q2FY27 versus zero in the year-ago quarter, reflecting the first quarter of reported operations from the newly consolidated subsidiary.
- H1 operating cash flow was ₹2,156.55 lakh despite a consolidated H1 loss of ₹198.84 lakh, supported by working-capital movements including ₹2,309.90 lakh of trade-payable increase.
- Standalone finance costs were ₹5.20 lakh in Q2FY27, down 1.33% sequentially, while standalone expenses remained only ₹30.80 lakh.
Key concerns
- Consolidated expenses of ₹682.01 lakh were nearly twice consolidated total income of ₹341.92 lakh, producing a ₹340.09 lakh quarterly loss.
- Employee costs of ₹323.08 lakh and depreciation of ₹106.23 lakh were the largest disclosed consolidated operating burdens in Q2FY27, leaving no evidence of positive operating profitability.
- Consolidated H1 loss was ₹198.84 lakh versus a ₹10.13 lakh loss in the year-ago half-year, while H1 revenue was ₹566.00 lakh against zero in the prior-year period.
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