Recode Studios Reports Robust FY26 Growth, Profit Surges 260%

Recode Studios Limited announced its audited financial results for the fiscal year ended March 31, 2026, showcasing significant operational expansion.

Revenue from operations grew by approximately 67.26% to ₹79.95 crore (₹7,994.99 lakh) in FY26, up from ₹47.80 crore (₹4,779.81 lakh) in FY25. The company's Profit After Tax saw a substantial increase of around 260.77%, reaching ₹11.22 crore (₹1,122.48 lakh) in FY26, compared to ₹3.11 crore (₹311.18 lakh) in the previous fiscal year. Basic Earnings Per Share (EPS) rose to ₹13.79 from ₹3.82.

Reader Takeaway: Strong revenue and profit growth, but unutilized IPO funds remain a key watch point.

What just happened

Recode Studios Limited announced its audited financial results for the fiscal year ending March 31, 2026. The company reported a significant increase in both revenue and net profit.

Why this matters

These strong financial results indicate robust business performance and operational efficiency. The recommended dividend signals healthy cash flow and a commitment to shareholder returns.

The backstory

The company had previously raised funds through an IPO. An update on the utilization of these funds is also provided.

What changes now

The company has recommended a final dividend of ₹0.25 per equity share for FY26, subject to shareholder approval. The financial statements received an unmodified opinion from statutory auditors.

Risks to watch

A significant portion of IPO funds remains unutilized. As of May 30, 2026, ₹28.78 crore (₹2,877.71 lakh) out of the total IPO proceeds of ₹34.67 crore (₹3,467.26 lakh) are still unutilized, posing a watch point for future capital deployment.

Peer comparison

(Information not available in the filing.)

Context metrics (time-bound)

• Revenue from operations for FY26: ₹79.95 crore (up 67.26% from FY25)
• Profit After Tax for FY26: ₹11.22 crore (up 260.77% from FY25)
• IPO Funds Unutilized as of May 30, 2026: ₹28.78 crore

What to track next

Investors will be keen to monitor the company's strategy and execution for deploying the remaining IPO funds. Shareholder approval for the recommended dividend at the upcoming AGM is also a point to track.