Bodhi Tree Multimedia Limited (BTML)
🎯 Key Takeaways
- Bodhi Tree Multimedia Limited is in a strategic pivot phase, transitioning from a traditional media publisher to an IP-driven, multi-platform entertainment company. Management is aggressively building a scalable content ecosystem through acquisitions and AI-driven initiatives, targeting 50% IP revenue contribution within three years.
- Revenue grew 20.4% QoQ to ₹17 in Q3FY25.
- ⚠️ Execution risk in scaling IP assets and achieving the 50% IP revenue target within three years, given the long gestation periods and high investment r
📖 The Story
Bodhi Tree Multimedia Limited is in a strategic pivot phase, transitioning from a traditional media publisher to an IP-driven, multi-platform entertainment company. Management is aggressively building a scalable content ecosystem through acquisitions and AI-driven initiatives, targeting 50% IP revenue contribution within three years. While financial results show strong top-line growth and improving profitability, near-term cash flow pressures persist due to long-gestation IP investments. The company is positioning itself for structural growth in India's expanding OTT and digital entertainment market, with a focus on monetisation diversification and global OTT expansion.
📰 What's Happening
In Q4 FY26 (March 2026), the company reported revenue of ₹118.45 crores, up 31.96% YoY, with PAT rising 61.59% to ₹7.95 crores and EBITDA up 76.47% to ₹17.10 crores. Management highlighted growth in IP-led content, strategic acquisitions of Lehren Networks and Moving Image Studios, and expansion in India's OTT market with 975 million viewers and 216 million paid subscribers. Six to seven pipeline projects are expected to generate revenue from FY27 Q1 to Q3, and promoter stake is being increased to a 'decently significant' level via face value consolidation from INR1 to INR10. The company also plans to expand OTT reach across 100+ countries and 143 million connected TV households by 2028. A conference call audio recording for Q4 FY26 was released on June 9, 2026, and the trading window closed on June 27, 2026, ahead of results.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Q4FY23 | Q1FY24 | Q2FY24 | Q3FY24 | Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 22 | 16 | 13 | 13 | 22 | 18 | 14 | 17 |
| Operating Profit | 5 | 2 | 2 | 1 | 1 | -1 | 3 | 3 |
| OPM % | 21.0% | 11.2% | 12.6% | 7.4% | 6.2% | -3.4% | 17.1% | 14.7% |
| Net Profit | 3 | 1 | 1 | 0 | 1 | -1 | 2 | 2 |
| EPS | ₹2.61 | ₹1.01 | ₹0.78 | ₹0.22 | ₹0.85 | ₹-0.28 | ₹0.18 | ₹0.14 |
The company has demonstrated consistent revenue and profit growth over the past eight quarters, with revenue rising from ₹13 crores in Q2FY24 to ₹118.45 crores in FY26, reflecting a 31.96% YoY increase in FY26. PAT growth has outpaced revenue growth, up 61.59% YoY in FY26, indicating operating leverage. EBITDA margins have expanded significantly, from 6.2% in Q4FY24 to 16.52% in Q4 FY26, driven by scale and IP monetisation. However, quarterly volatility persists, with Q1FY25 showing a loss before returning to profitability. The financial trajectory aligns with management's narrative of scaling IP assets and monetising content across platforms, though near-term cash flow remains constrained by long-gestation investments in content creation and acquisitions.
🔮 Management Outlook & What's Next
Management has articulated a clear long-term vision of building an IP-led, scalable content model with 50% of revenue from IP assets within three years, up from the current 10-15%. They expect six to seven pipeline projects to begin generating revenue from FY27 Q1 to Q3, and have indicated plans to expand OTT reach to 100+ countries and 143 million connected TV households by 2028. Management also highlighted the monetisation of IP through royalties and global distribution, with no immediate fundraising plans. The company is focused on structural growth through strategic acquisitions and AI-driven content initiatives, with capital allocation prioritising acquisitions and IP development over dividends or share buybacks.
Extracted from official company announcements. Not StockFin.ai's opinion.
⚖️ Peer Comparison — Entertainment
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| Prime Focus Limited | 22,411 | -78.0 | — | — | — |
| Sun TV Network Limited | 21,089 | 12.1 | — | — | — |
| Nazara Technologies Limited | 11,112 | 206.9 | — | — | — |
| PVR INOX Limited | 9,917 | -34.8 | — | — | — |
| Zee Entertainment Enterprises Limited | 8,485 | 16.9 | — | — | — |
| Tips Music Limited | 8,266 | 38.1 | — | — | — |
| Saregama India Limited | 8,016 | 40.4 | — | — | — |
| Network18 Media & Investments Limited | 4,968 | -2.7 | — | — | — |
| Hathway Cable & Datacom Limited | 1,814 | 19.3 | — | — | — |
| Media Matrix Worldwide Limited | 1,667 | — | — | — | — |
⚠️ Risk Factors
1. Execution risk in scaling IP assets and achieving the 50% IP revenue target within three years, given the long gestation periods and high investment required. 2. Integration risk from recent acquisitions like Lehren Networks and Moving Image Studios, which may strain cash flow if synergies are not realised promptly. 3. Market concentration risk in India's OTT sector, which is highly competitive and subject to rapid technological and consumer preference shifts. 4. Regulatory and compliance risks related to content governance, especially as the company expands globally and engages with international platforms and creators.
📋 Recent Filings
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Announcement 14 July 2026Bodhi Tree Multimedia Limited announced a strategic MoU with the Government of Tripura to accelerate the state's digital media and creator ecosystem, ...
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Financial Results 27 June 2026Bodhi Tree Multimedia Limited announced that its trading window will close on July 1, 2026, following SEBI insider trading norms, and will reopen 48 h...
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Announcement 24 June 2026Bodhi Tree Multimedia Limited announced it has secured a strategic mandate from the Government of Assam to develop, launch, and manage the state's off...
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🔴 Announcement 16 June 2026No summary available
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🔴 Financial Results 12 June 2026Bodhi Tree Multimedia Limited reported Q4 FY26 revenue of **₹36.07 crores**, with PAT of **₹2.08 crores** and EBITDA of **₹5.96 crores** (16.52% margi...
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Financial Results 9 June 2026Bodhi Tree Multimedia Limited announced the audio recording of its earnings conference call held on June 5, 2026, to discuss Q4 H2 FY2026 results, now...
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Announcement 1 June 2026Bodhi Tree Multimedia Limited announced its Q4FY26 results and strategic IP transition progress, reporting consolidated revenue of [amount context mis...
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🔴 Financial Results 1 June 2026Bodhi Tree Multimedia reported FY26 revenue of ₹118.45 crore, up 31.96% YoY, with PAT rising 61.59% to ₹7.95 crore and EBITDA up 76.47% to ₹17.10 cror...
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🟡 Board Meeting 30 May 2026The Board of Bodhi Tree Multimedia Limited approved the standalone and consolidated audited financial results for the quarter and year ended March 31,...
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🟡 deviation variation 30 May 2026{ "summary": "Bodhi Tree Multimedia Limited approved its standalone and consolidated audited financial results for the quarter and year ended March ...
🧠 Analyst's Read
Bodhi Tree Multimedia is executing a clear, capital-intensive transformation into an IP-driven entertainment platform with strong long-term growth potential. Investors should monitor the ramp-up of pipeline projects from FY27 onward and the pace of IP monetisation, as near-term cash flow pressures and execution risks remain key near-term concerns.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-07-15.
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