Basilic Fly Studio Limited — Important, 14-11-2024: General Updates

Basilic Fly Studio Limited reported its un-audited financial results for the half-year ended September 30, 2024. Shareholders' funds amounted to ₹13,163.69 Cr, reflecting an increase in reserves to ₹10,839.69 Cr compared to ₹9,808.09 Cr in March 2024. Non-current liabilities surged, primarily due to long-term borrowings reaching ₹2,087.98 Cr from ₹56.01 Cr.

Current liabilities also increased significantly to ₹6,710.28 Cr from ₹1,298.45 Cr. Total assets rose to ₹18,259.20 Cr, compared to ₹14,570.66 Cr six months prior, driven by growth in trade receivables and non-current investments, now at ₹4,676.03 Cr.

The consolidated figures reflected a robust performance, with total assets up to ₹31,682.64 Cr. The company noted a strategic acquisition of a UK subsidiary during this period, which is expected to enhance operational capacity and market reach.

Investors should note the positive trajectory in reserves and total assets, signaling potential growth opportunities amidst rising liabilities and new strategic ventures.