PNC Q3 FY26 Results: ₹9.91 Crore Income, ₹10.21 Crore Loss After Write-down
Pritish Nandy Communications reported Q3 FY26 results with total income of ₹9.91 crore and a net loss of ₹10.21 crore after a ₹17.56 crore write-down from a licensing agreement with Shemaroo Entertainment. For the nine months ended December 31, 2025, total income rose to ₹35.76 crore.
The substantial write-down of content value and the resulting net loss in the quarter are material. However, the company stated there is no impact on cash flows or ongoing operations, mitigating a high impact.
While the company reported an increase in total income for the nine-month period and signed a new licensing agreement, the significant net loss in Q3 due to an exceptional write-down overshadows the positive aspects.
Pritish Nandy Communications Limited (PNC) announced its financial results for the third quarter and nine months ended December 31, 2025. The company reported a total income of ₹9.91 crore for Q3 FY26. The operating profit before exceptional items and tax stood at ₹2.12 crore, however, the company registered a loss after exceptional items and tax of ₹10.21 crore for the quarter.
For the first nine months of FY26, the total income was ₹35.76 crore, a significant increase from ₹26.28 crore in the same period of FY25. The operating profit before exceptional items and tax for the nine-month period was ₹1.84 crore, compared to a loss after tax of ₹0.55 crore in the previous year's nine-month period.
During the quarter, PNC signed a significant licensing agreement with Shemaroo Entertainment Limited for global broadcasting and streaming rights of several titles for up to 11 years. As a result of this agreement, the company has written down ₹17.56 crore from its unamortized content value, classified as an exceptional item. A deferred tax liability reversal of ₹4.42 crore was recognized under tax expense. The company clarified that this write-down has no impact on its cash flows or ongoing operations.
The company also highlighted its content releases and development pipeline. In 2025, PNC released three original shows: 'Ziddi Girls' on Amazon Prime Video, 'The Royals' on Netflix, and Season 4 of 'Four More Shots Please!' on Amazon Prime Video. PNC is currently developing the second season of 'The Royals' for Netflix, with production expected to commence this year. Other series and films are under development for global streaming platforms, with at least one more expected to go into production later this financial year.
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