Basilic Fly Studio Ltd, the Chennai-based visual effects powerhouse, has secured a marquee order worth ₹297.1 million from streaming giant Netflix, reinforcing its position as a preferred VFX partner in the global entertainment ecosystem. The deal marks a significant milestone in the studio’s growth trajectory, aligning with its aggressive push into high-value international projects.
Key Order Highlights
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The ₹297.1 million contract involves end-to-end VFX production for multiple Netflix originals, including episodic content and feature-length titles
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Delivery is scheduled across Q3 and Q4 FY26, with work distributed between Basilic’s Chennai, London, and Montreal facilities
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The order is part of Netflix’s broader strategy to outsource complex VFX work to certified global studios with proven scalability and creative depth
Strategic Significance for Basilic Fly Studio
Strengthening Global Credentials
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The Netflix order adds to Basilic’s growing portfolio of premium clients, which already includes Disney, Sony Pictures, and Amazon Studios
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The studio has previously contributed to global hits like Top Gun: Maverick, The Whale, and Spiderman: No Way Home
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With this deal, Basilic becomes one of the few Indian VFX firms to handle multi-location, multi-format projects for Netflix
Operational Expansion and Talent Investment
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To support the new order, Basilic is ramping up hiring across compositing, tracking, and FX departments, with over 150 new roles expected to be filled by October 2025
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The company is integrating real-time data synchronization tools and AI-assisted rendering pipelines to streamline cross-site collaboration
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Leadership appointments include a new COO, Technical Director, and CHRO to manage scale and delivery efficiency
Financial Implications and Pipeline Visibility
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The Netflix deal contributes to Basilic’s ₹301 crore order pipeline, which has grown 40 percent since October 2024
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The company reported ₹304 crore in revenue for FY25, with net profit of ₹46 crore and operating margins of 21 percent
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Analysts expect the Netflix order to boost H2 FY26 topline by 15 to 18 percent, with margin expansion driven by high-value content and efficient cost structures
Industry Reaction and Market Sentiment
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Shares of Basilic Fly Studio traded at ₹447 on August 19, 2025, with a market cap of ₹1,039 crore and a P/E ratio of 25.8
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The stock has recovered from recent volatility, supported by strong RSI and volume indicators, and is now on investor radar as a high-growth media tech play
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Industry experts view the deal as a validation of India’s rising stature in global post-production and VFX services
Challenges and Execution Risks
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While the order is a strategic win, execution will require precise coordination across time zones and creative teams
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Basilic’s ability to maintain quality benchmarks and meet delivery timelines will be critical, especially given Netflix’s stringent content standards
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The studio is investing in workflow automation and cloud-based review systems to mitigate risks and enhance client transparency
Forward Outlook
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Basilic Fly Studio aims to double its international revenue share by FY27, with plans to open a new production hub in Vancouver
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The company is also exploring strategic partnerships with European studios to co-develop IP-based content and expand into animation
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With the Netflix order as a springboard, Basilic is poised to become a global VFX leader, blending Indian creativity with international execution finesse
Sources: Trade Brains, Screener.in, Basilic Fly Studio Newsroom, Multibagger Hunt
