PNC Q4 FY26 Net Loss Widens to ₹208 Lakh; Annual Loss ₹1,259 Lakh
Pritish Nandy Communications reported a Q4 FY26 net loss of ₹208.15 lakh, up from ₹41.34 lakh last year, on revenue of ₹254.67 lakh. The annual net loss widened to ₹1,258.87 lakh from ₹97.14 lakh, impacted by an exceptional item. "The Royals" Season 1 premiered successfully on Netflix on May 9, 2025. Season 4 of "Four More Shots Please!" premiered on December 19, 2025.
While the financial results show a negative trend with increased losses, the successful premiere and renewal of key series like 'The Royals' and 'Four More Shots Please!', along with a licensing agreement, provide some positive operational outlook, leading to a medium impact.
The company reported a significant widening of net losses for both the fourth quarter and the full fiscal year, indicating a negative financial performance.
Pritish Nandy Communications Limited (PNC) announced its Q4 and annual results for the financial year 2025-26 following a board meeting on Tuesday, May 26, 2026.
For the fourth quarter, the company reported a total income of ₹254.67 lakh, a significant decrease from ₹796 lakh in the same quarter last year. The net loss after tax for Q4 FY26 was ₹208.15 lakh, compared to a net loss of ₹41.34 lakh in the previous year's Q4.
The year-end results for FY26 showed a total income of ₹3,830.99 lakh, an increase from ₹3,424.99 lakh in the preceding year. However, the company incurred a net loss after tax of ₹1,258.87 lakh for the full year, a substantial rise from the net loss of ₹97.14 lakh in the prior year. This widened annual loss was primarily attributed to an exceptional item during the year.
In operational highlights, Season 1 of the Netflix original series "The Royals" premiered globally on May 9, 2025, achieving significant success by ranking in the global top 10 shows on Netflix and #1 on India's top 10 shows. It was also the first Indian series to trend in Netflix’s Global Top 10 Non-English TV Shows across 58 countries. Production for the second season of "The Royals" is underway, with filming scheduled to commence in the second quarter of the current financial year.
Furthermore, Season 4 of the International Emmy-nominated Amazon Prime original series "Four More Shots Please!" premiered globally on December 19, 2025, receiving positive reception and expanding its fanbase. The company is also developing new series and films, aiming to commence at least two more productions later in the financial year.
During the year, PNC entered into a 11-year licensing agreement with Shemaroo Entertainment Limited for the global broadcasting and streaming rights of 18 titles. Following this, the company reassessed the carrying value of its content library, leading to a write-down of ₹1,756.09 lakh. This write-down, disclosed as an exceptional item, does not impact cash flows or future operations.
Additionally, the company received an arbitration award in its favor against White Feather Films, which was amicably settled. As per consent terms approved by the Bombay High Court on April 21, 2026, White Feather Films paid ₹255 lakh to PNC, with the remaining balance of ₹62.54 lakh being written off.
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