Digikore Studios

- Digikore Studios plans to complete a INR45 crore Qualified Institutional Placement (QIP) fundraise in November 2025. - Approximately INR20 crores of the QIP proceeds will be used for debt reduction, strengthening the balance sheet and reducing interest costs. - The balance from the QIP will be used for working capital, primarily to expand their European and US presence (manpower, production teams). - Promoters plan to infuse an additional INR20 crore through convertible warrants over an 18-month period post-QIP. - Loans involving pledged shares are expected to be cleared by February 2026, aiming to become pledge-free by then. - No immediate plans for further acquisitions or fundraising, focusing currently on organic growth. This indicates ongoing equity fundraising (QIP and promoter warrants) with partial use for debt reduction, but no new debt fundraising mentioned.

- Digikore Studios is investing to expand its presence in Europe and North America, including hiring manpower and production teams. - Plans to establish a subsidiary in New York to anchor North America growth and improve response time. - INR45 crores QIP fundraise planned, with around INR20 crores targeted for debt reduction and the rest for working capital to support expansion. - Promoters intend to infuse an additional INR20 crores via convertible warrants to show confidence and create alignment. - Strategic investments focus on organic growth rather than immediate acquisitions due to AI-related market volatility. - The company is heavily investing in AI-assisted VFX tools (roto, clean-up, match-move, tracking, QC) and proprietary SaaS platforms to enhance internal operations and create new monetization opportunities. - Aggressive expansion and market presence efforts in Europe through roadshows and sales drives to scale capacity and infrastructure.

- Digikore Studios targets 30%+ CAGR over the next few years, aiming for INR100 crores revenue by FY ‘28. - Post-strike industry recovery supports accelerated growth. - Strong order book (~INR20 crores) and a robust bidding pipeline (~INR35 crores) with potential to convert INR8-10 crores soon. - Aggressive expansion focus on Europe, planning roadshows and establishing a New York subsidiary to anchor North America growth. - Growth driven by shift from outsourced to direct work (currently 50:50, targeting 80% direct by FY ‘27). - Diversification into high-margin verticals like AI SaaS platforms, branded content, and virtual production expected to lift overall margins and revenue. - Market tailwinds include a $9.5 billion global VFX TAM and 12% CAGR industry growth through 2030. - Industry revival post strikes and increased content production underpin positive outlook for sales and volumes.

- The company aims to sustain a 30%+ CAGR over the next few years, supported by industry growth, sales momentum, and technology leverage. - Revenue guidance targets approximately INR100 crores by FY 2028, driven by expanding European and US operations and high-margin verticals like branded content, AI SaaS platforms, and virtual production. - PAT improved significantly in H1 FY ‘26 (up 117% YoY), with expectations to exceed full-year guidance of INR11 crores due to strong H1 performance and anticipated H2 growth. - VFX margins expected to remain steady around 16-18%, while higher-margin divisions will push overall company PAT margins up to 20-22% in the coming quarters. - Operating cash flow has turned positive and is strengthening, reflecting robust profitability and collection efficiencies. - The company is cautious on acquisitions due to AI uncertainties, focusing on organic growth and market expansion.

- Current order book: Approximately INR 20 crores (Page 10). - Order book includes direct projects (e.g., Netflix, HBO, CBS) and commitments from outsource partners. - Bidding pipeline: Over INR 35 crores worth of projects currently in bidding (Page 10). - Conservative expectation: INR 8 to 10 crores from bidding pipeline likely to convert into order book in the next month (Page 10). - Order book can fluctuate as some projects get invoiced and new bids come in regularly (Page 13). - The company maintains a healthy bidding pipeline with frequent bids every week, aiming to sustain and grow the order book steadily (Pages 10 and 11).