Earnings & Results
Perfect-Octave Media Projects Cuts Q2 Net Loss 39.7% as Revenue Falls 32.7%
By News Desk ·
Key takeaways
- Perfect-Octave Media Projects reported a standalone net loss of ₹7.97 lakh for the quarter ended September 30, 2026, down 39.7% from ₹13.22 lakh a year earlier.
- Revenue from operations fell 32.7% to ₹5.92 lakh while total expenses dropped 37.3% to ₹13.88 lakh.
- Operating cash outflow widened to ₹43.65 lakh for H1FY27, and cash and cash equivalents stood at ₹1.43 lakh as of September 30, 2026.
Perfect-Octave Media Projects reported a standalone net loss of ₹7.97 lakh for the quarter ended September 30, 2026, 39.7% narrower than the ₹13.22 lakh loss a year earlier, ScanX reported on November 13, 2026. Revenue from operations fell 32.7% to ₹5.92 lakh in the same period.
Inside Perfect-Octave Media's Q2FY27 Results
Revenue from operations declined from ₹8.80 lakh in Q2FY26 to ₹5.92 lakh in Q2FY27. Total expenses contracted 37.3% to ₹13.88 lakh from ₹22.14 lakh, which the report attributes mainly to lower costs of services rendered and reduced other expenses. Basic earnings per share improved to a loss of ₹0.02 from a loss of ₹0.04.
Total assets stood at ₹1,283.67 lakh as of September 30, 2026, against ₹1,278.53 lakh as of March 31, 2026. Goodwill of ₹357.51 lakh and other intangible assets of ₹902.82 lakh together make up more than 98% of non-current assets. Cash and cash equivalents fell to ₹1.43 lakh from ₹2.94 lakh at the previous fiscal year-end.
Operating cash outflow for H1FY27 widened to ₹43.65 lakh from ₹24.22 lakh a year earlier. Financing activities generated ₹42.14 lakh, largely through long-term borrowings of ₹57.24 lakh.
What the Company Records Show
Perfect-Octave Media Projects is a Mumbai-based music and media company founded in 2003, according to akta.pro company records. The same records describe a catalog of more than 2,000 tracks, including traditional ragas and folk tunes, and distribution partnerships with Spotify, Amazon Music and Gaana. The records also list a 2026 move to develop a proprietary OTT platform aimed at the 32 million Indian diaspora for music and content distribution.
AGM and Board Changes Before the Results
Shareholders approved the FY26 financial statements at the company's 35th AGM on September 30, 2026, with 99.99% approval from public non-institutional shareholders, ScanX reported. Promoters and institutional investors abstained, and 41.72% of shares were polled. The company had scheduled the meeting on September 7, 2026, with book closure from September 26 to 29 and Anirudh Kumar Tanvar appointed as scrutinizer, ScanX reported. On August 24, 2026, the board appointed M. G. Subramaniam as Company Secretary and Compliance Officer, ScanX reported.