Net Pix Shorts reports Rs 3.35 crore revenue, Rs 8.30 lakh loss

Net Pix Shorts Digital Media Limited reported revenue from operations of Rs 3.35 crore for the half year ended September 30, 2026, up from Rs 21.16 lakh a year earlier, but recorded a Rs 8.30 lakh loss after total expenses reached Rs 3.42 crore. The unaudited standalone results were approved on November 14, 2026.

What was Net Pix Shorts' revenue in the September 2026 half year?

Net Pix Shorts reported Rs 3.35 crore in revenue from operations for the half year ended September 30, 2026, compared with Rs 21.16 lakh in the half year ended September 30, 2025. The latest revenue was also higher than Rs 35.51 lakh recorded in the half year ended March 31, 2026. Revenue therefore increased by Rs 3.14 crore year on year.

Total income was Rs 3.35 crore in the September 2026 half year because the company reported no other income in that period. This compares with total income of Rs 21.24 lakh in the September 2025 half year, including Rs 0.08 lakh of other income, and Rs 42.32 lakh in the March 2026 half year, including Rs 6.82 lakh of other income.

Net Pix Shorts identifies production of short films and songs on various digital platforms as its only operating segment. The September 2026 filing does not break down the Rs 3.35 crore revenue by platform, content type, customer, geography or individual production, so the disclosed results do not identify the specific source of the increase.

Why did Net Pix Shorts report a loss despite higher revenue?

Net Pix Shorts reported a loss because total expenses of Rs 3.42 crore exceeded total income of Rs 3.35 crore by Rs 7.17 lakh before tax in the September 2026 half year. Deferred tax of Rs 1.13 lakh resulted in a reported loss after tax of Rs 8.30 lakh, compared with a Rs 7.06 lakh loss in the September 2025 half year.

Changes in inventories of finished goods, work in progress and stock in trade were the largest stated expense item at Rs 4.90 crore, against a negative Rs 10.24 lakh in the prior-year half year. The statement also recorded operating expenses as negative Rs 1.56 crore, employee benefits expense of Rs 1.70 lakh, depreciation and amortisation of Rs 0.68 lakh, and other expenses of Rs 5.91 lakh.

The September 2026 loss followed a profit after tax of Rs 7.44 lakh in the half year ended March 31, 2026. Basic and diluted earnings per share were negative Rs 0.26 for September 2026, compared with negative Rs 0.22 in September 2025 and positive Rs 0.23 in March 2026; the filing specifies a face value of Rs 10 per share.

How did Net Pix Shorts' assets and equity change?

Net Pix Shorts' total assets were Rs 6.09 crore at September 30, 2026, down from Rs 6.84 crore at March 31, 2026. Shareholders' funds declined to Rs 5.78 crore from Rs 5.87 crore over the same period, while paid-up equity share capital was unchanged at Rs 3.20 crore.

The asset mix changed materially during the half year. Inventories fell from Rs 4.90 crore at March 31, 2026 to nil at September 30, 2026, while long-term loans and advances increased to Rs 2.51 crore from Rs 0.77 lakh. Short-term loans and advances were Rs 3.37 crore at the September 2026 balance-sheet date.

Trade receivables decreased to Rs 0.17 lakh at September 30, 2026 from Rs 17.37 lakh at March 31, 2026. Deferred tax assets declined to Rs 15.37 lakh from Rs 16.50 lakh, while property, plant and equipment reduced to Rs 5.15 lakh from Rs 5.83 lakh.

What happened to Net Pix Shorts' cash and liabilities?

Net Pix Shorts ended September 30, 2026 with cash and cash equivalents of Rs 0.31 lakh, compared with Rs 1.53 crore at March 31, 2026. The cash flow statement records a net decrease of Rs 1.53 crore during the six-month period, with opening cash and cash equivalents of Rs 1.53 crore.

Net cash used in operating activities was Rs 56.89 lakh in the six months ended September 30, 2026, compared with Rs 18.87 lakh used in the corresponding September 2025 period. The cash flow statement begins with a pre-tax loss of Rs 7.17 lakh and records depreciation of Rs 0.68 lakh before working-capital movements.

Non-current liabilities were nil at September 30, 2026, compared with Rs 96.13 lakh at March 31, 2026. The cash flow statement records repayment of long-term borrowings of Rs 96.13 lakh, while current liabilities increased to Rs 31.03 lakh from Rs 1.18 lakh, including other current liabilities of Rs 30.08 lakh.

What did the auditor say about Net Pix Shorts' results?

Net Pix Shorts' statutory auditor, B. L. Dasharda & Associates, said nothing had come to its attention that caused it to believe the unaudited standalone financial statement for the half year ended September 30, 2026 was materially misstated. The limited review report was dated November 14, 2026.

The auditor conducted its work under Standard on Review Engagement 2410, which it said primarily involves inquiries of company personnel and analytical procedures. It also stated that a review provides less assurance than an audit and that it had not performed an audit or expressed an audit opinion.

The board approved the unaudited standalone results on November 14, 2026 after review and recommendation by the audit committee. The results were prepared under Accounting Standard 25 for interim financial reporting and other applicable non-Ind AS accounting standards notified under the Companies Act, 2013.

Conclusion

Net Pix Shorts' September 2026 half-year results show a rise in revenue to Rs 3.35 crore from Rs 21.16 lakh a year earlier, while expenses of Rs 3.42 crore resulted in an Rs 8.30 lakh loss. The period also included inventories falling from Rs 4.90 crore to nil and shareholders' funds decreasing by Rs 8.30 lakh to Rs 5.78 crore.

The next disclosed financial results will indicate whether revenue remains above the Rs 3.35 crore reported for September 2026 and whether expenses can be contained relative to income. The filing provides no revenue target, financing plan or stated timetable for the Rs 2.51 crore of long-term loans and advances and Rs 3.37 crore of short-term loans and advances, leaving their subsequent movement to be monitored in future disclosures.