Mumbai: Bodhi Tree Multimedia Ltd., an Indian production house and multi-genre content company with a presence across television, OTT, digital and FAST platforms, has reported strong financial performance for FY26, driven by higher project throughput, an expanding content pipeline, and strategic investments aimed at building an IP-led content ecosystem.
For the financial year ended March 31, 2026, the company reported consolidated total income of ₹118.45 crore, marking a 31.96% year-on-year increase from ₹89.76 crore in FY25. EBITDA rose 76.47% to ₹17.10 crore, while profit after tax (PAT) grew 61.59% to ₹7.95 crore. EBITDA margin expanded to 14.44% from 10.80% in the previous year, reflecting improved operating leverage and scale efficiencies.
Bodhi Tree, which has produced over 5,000 hours of programming across more than 100 shows, is steadily transitioning from a commissioned production model to an IP-led, multi-platform content strategy focused on ownership, monetisation, and scalable content franchises.
During the quarter, the company produced approximately 200 hours of original content across television, OTT, and digital platforms. It also delivered five key shows for leading broadcasters and streaming platforms, including JioStar, Zee, Dangal, and Shemaroo.
On the strategic front, Bodhi Tree strengthened its content and digital capabilities through two acquisitions. The company acquired a 20% stake in Lehren Networks, gaining access to one of India’s largest vintage film-content libraries while enhancing digital monetisation opportunities through YouTube CMS. It also completed the acquisition of a 50.01% stake in Moving Image Studios Pvt. Ltd., expanding its footprint in unscripted content production and in-house intellectual property creation.
Commenting on the results, Mautik Tolia, Managing Director & CEO, said, “FY26 has been a year of strong forward movement for Bodhi Tree as we continue to shape a more scalable and future ready content business. Our consolidated income grew 32% to ₹118.45 crore, PAT rose 62% to ₹7.95 crore, and EBITDA margins expanded meaningfully; reflecting the operating leverage we are beginning to build as we scale.
India’s M&E market is on a strong growth trajectory, projected to reach ~USD 38Bn by 2028. With over 975 million OTT viewers and regional content driving more than half of paid viewership, the demand environment for quality Indian IP has never been stronger; and that is precisely the space we are building into. Our focus remains on disciplined IP-led content creation — developing stories that are designed to travel across formats, platforms and markets.
We remain mindful that an IP-led approach comes with longer monetisation cycles and requires continued investment. However, it also enables us to participate more meaningfully in the full lifecycle of content and build a portfolio of assets that compound in value over time. Our investments in technology and AI-led initiatives are strengthening this model — improving decision-making, accelerating turnarounds and making us more deliberate about the stories we choose to build and own. The acquisitions of Lehren Networks and Moving Image Studios further solidify this foundation, and FY26 gives us confidence we are on the right path.”
The company highlighted the favourable outlook for India’s media and entertainment sector, which is projected to grow from approximately USD 32 billion in 2025 to USD 38 billion by 2028. India’s OTT ecosystem continues to expand rapidly, with more than 975 million viewers and over 216 million paid subscribers in 2025. Connected TV households are expected to reach 191 million by 2028, while regional-language content now accounts for nearly 56% of paid OTT viewership.
