VFX company Secures Rs 29.71 crore order from Netflix
DSIJ Intelligence-1 / 21 Aug 2025/ Categories: Multibaggers, Trending
In FY25, the company reported net sales of Rs 304 crore and net profit of Rs 46 crore.
Basilic Fly Studio Limited (BFS), a leader in visual effects (VFX), has secured a significant order from Netflix, valued at ₹29.71 crore (GBP 2.5 million). This win further solidifies BFS's global partnerships and reinforces its standing as a trusted VFX provider. It follows a strong Q1 FY26 where BFS secured ₹150 crore in new orders from major clients like Netflix, Disney, and HBO, demonstrating continued momentum in the industry.
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The new Netflix project will involve delivering complex VFX work for an upcoming premium production. BFS plans to execute this through its extensive global network of over 800 artists, leveraging its cost-effective hubs in Chennai and Pune, alongside creative talent in London, Paris, and Vancouver. This strategic win aligns with BFS's Vision 2026, focusing on expanding delivery capacity, integrating AI-driven production workflows, and scaling operations across India, North America, and Europe.
About the Company
Founded over a decade ago by Mr. Balakrishnan and Mrs. Yogalakshmi, Basilic Fly Studio (BFS) has grown from a small team into a major global VFX industry player. After becoming a private limited company in 2016 and listing on NSE Emerge in 2023, BFS now employs over 500 professionals across its studios in Chennai, Pune, Vancouver, and London. Initially focused on core support services like Roto and Compositing, BFS has expanded its expertise, contributing to major projects such as Avatar, Avengers: Endgame, and The Last of Us. With a vision to be a comprehensive digital storytelling studio, BFS plans further expansion into Europe and North America, alongside opening two new dedicated facilities in India.
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The company has a market cap of over Rs 1,000 crore and the stock has given multibagger returns of over 100 per cent from its 52-week low of Rs 223.15 per share. The shares of the company have an ROE of 25 per cent and an ROCE of 31 per cent. In FY25, the company reported net sales of Rs 304 crore and net profit of Rs 46 crore.
Disclaimer: The article is for informational purposes only and not investment advice.