Phantom Digital Effects Ltd
Phantom Digital Effects Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
What the Q2 FY26 call signalled
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The short version
Phantom Digital Effects projects conservative consolidated revenue of ₹240 crores for FY26, including contributions from Milk and Tippett. Phantom Digital Effects projects consolidated revenues of ₹240 crores for FY26, including contribution from recent acquisitions like Milk.
From Phantom Digital Effects Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Phantom Digital Effects projects conservative consolidated revenue of ₹240 crores for FY26, including contributions from Milk and Tippett.
- For FY27, expected consolidated revenue is between ₹300 to ₹350 crores, with increasing contributions from Tippett and Milk.
- Order book as of October 2025 stands at ₹201.32 crores, with nearly 80% from international projects.
- The bidding pipeline holds projects worth ₹817 crores, indicating strong future growth visibility.
- Growth strategy centers on positioning as PMG Collectives, leveraging Tippett for high-end projects, Milk for European/UK tax incentives, and Phantom for cost-effective projects.
- Integration of global studios and AI-enhanced workflows is expected to improve scalability and operational efficiency.
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Profitability & Margins
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Capital Expenditure Plans
- External funds raised through QIP have primarily been used for acquisitions and infrastructure building.
- Going forward, only limited investments are expected, mostly for upgrades and supporting US and Indian entities.
- Milk studio already has good infrastructure, so major infrastructure investments are unlikely.
- Focus will be on investing more in marketing and business positioning (e.g., PMG and global collectives) rather than physical assets.
- Some minor system and setup upgrades planned to support entities.
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Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- Current order book as of October 2025 stands at ₹201.32 crores, with nearly 80% comprising international projects.
- There are ₹817 crores worth of projects currently in the bidding pipeline, indicating strong future visibility.
- The company expects to complete around ₹90-100 crores worth of orders this fiscal year (FY26).
- The remaining order book will be delivered milestone-wise mainly in FY27 and FY28.
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What Phantom Digital's management said in earlier quarters
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Frequently Asked Questions
What were Phantom Digital Effects Ltd Q2 FY26 results?
Phantom Digital Effects projects conservative consolidated revenue of ₹240 crores for FY26, including contributions from Milk and Tippett. Phantom Digital Effects projects consolidated revenues of ₹240 crores for FY26, including contribution from recent acquisitions like Milk.
What is Phantom Digital Effects Ltd share price analysis?
Phantom Digital Effects Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 8.0 with a market cap of ₹261 Cr. Investors should review the full earnings analysis for detailed insights.
Is Phantom Digital Effects Ltd planning capital expenditure?
External funds raised through QIP have primarily been used for acquisitions and infrastructure building.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.