Basilic Fly Studio Ltd. (BASILIC) — Tipsheet https://tipsheet.markets/company/basilic/ Every Tipsheet Editorial note covering Basilic Fly Studio Ltd. (BASILIC), newest first. Grounded in BSE/NSE primary-source filings. en-in Mon, 06 Jul 2026 10:22:46 GMT Basilic Fly's revenue jumps 34% as margin dip signals investment phase https://tipsheet.markets/basilic-basilic-fly-s-revenue-jumps-34-as-margin-dip-signals-investment-phase-118519/ https://tipsheet.markets/basilic-basilic-fly-s-revenue-jumps-34-as-margin-dip-signals-investment-phase-118519/ Thu, 02 Jul 2026 18:03:58 GMT Revenue jumped 34% to ₹408 cr but EBITDA margin fell 260 bps to 20.9%. Management guides for 2-2.5% margin recovery in FY27 via offshoring and AI. Revenue jumped 34% to ₹408 cr but EBITDA margin fell 260 bps to 20.9%. Management guides for 2-2.5% margin recovery in FY27 via offshoring and AI.

What’s new

  • Consolidated revenue ₹408 cr, up 34% YoY
  • EBITDA margin at 20.9%, down 260 bps from prior year
  • Order book ₹232 cr, bid pipeline ₹456 cr for FY27 visibility

Why it matters

Basilic Fly is trading short-term profit for capacity: 14 senior hires and One of Us integration pressed margins. The ₹232 cr order book and ₹456 cr pipeline give cover, if the guided margin recovery materialises. The bet is that offshoring, AI, and Bengaluru scaling deliver the 2-2.5 ppt improvement.

What we’re watching

  • Margin trajectory in H1 FY27
  • Receivables normalization targeted Sep-Dec 2026
  • One of Us integration's impact on direct premium studio deals

The full read

Revenue up 34% to ₹408 crore. That is the headline. Underneath it, EBITDA margin slipped to 20.9%, down 260 bps, as Basilic Fly invested in senior hires and assimilated the One of Us acquisition. Management calls it strategic: the 14 senior creatives and project rescheduling compressed near-term profit, but the ₹232 crore order book and ₹456 crore bid pipeline provide a cushion. The guided 2-2.5 ppt margin recovery in FY27 hinges on offshoring, AI efficiency, and Bengaluru scaling. Receivables normalisation, targeted for September-December, will test working capital discipline. The payoff, if it comes, will justify the pain.

Primary source: NSE

]]> Other Tipsheet Editorial Basilic Fly's growth is costing it profit for now https://tipsheet.markets/basilic-basilic-fly-s-growth-is-costing-it-profit-for-now-104761/ https://tipsheet.markets/basilic-basilic-fly-s-growth-is-costing-it-profit-for-now-104761/ Tue, 02 Jun 2026 13:50:13 GMT A 34% revenue jump to ₹408 crore masks a margin squeeze. The VFX studio spent to hire up and is waiting on ₹44-45 crore in old bills. A 34% revenue jump to ₹408 crore masks a margin squeeze. The VFX studio spent to hire up and is waiting on ₹44-45 crore in old bills.

What’s new

  • Full-year revenue rose 34% to ₹408 crore, but EBITDA margins fell 260 bps to 20.9%.
  • The margin drop came from project rescheduling and the cost of 14 new senior hires.
  • Management guided for at least 30% organic revenue growth in FY27, with PAT of ₹65-70 crore.

Why it matters

Basilic is in a classic scale-up bind: costs arrived ahead of the revenue they are meant to generate. The ₹44-45 crore in aged receivables, more than 10% of annual sales, adds a liquidity risk to the near-term execution challenge. The studio's bets must pay off quickly.

What we’re watching

  • Whether the senior hires land larger, higher-margin projects in FY27.
  • Execution of the ₹65-70 crore PAT target without further margin erosion.
  • Clearance of the ₹44-45 crore aged receivables balance in H1 FY27.

The full read

Basilic Fly Studio grew fast. Revenue hit ₹408 crore, up 34%. Profitability did not keep pace. EBITDA margins slid 260 bps to 20.9%. The studio blames project rescheduling and the cost of 14 senior hires. This is the core tension for a micro-cap: front-loading costs before the revenue from those new people arrives. The receivables book does not help. ₹44-45 crore is more than six months old. That is 11% of annual revenue sitting unpaid. Management promises a cleanup in the first half of FY27. The forward view is aggressive: 30% organic growth and ₹65-70 crore in PAT. Whether the studio can hit those targets without bleeding more margin is the test. Hiring is easy. Delivering higher-value projects is not.

Primary source: NSE

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