Prime Focus Q2 net profit at INR 219mn

 

Prime Focus Limited (PFL), a global leader in media and entertainment services, declared its financial results for the quarter ending Sep 30, 2017.

The Company reported consolidated revenues at INR 5.69bn, up 18% YoY, EBITDA up 54% YoY at Rs. 1.42bn and a PAT of INR 219mn driven primarily by robust performance in Creative Services.

Namit Malhotra, Founder, Executive Chairman and Global CEO, Prime Focus Ltd said:It has been a robust quarter for Prime Focus with strong growth in both revenue and profitability.Our Creative Services reported accelerated growth delivering marquee projects and adding many more to the order book. Our cost optimization strategy to deliver higher proportion from cost advantageous locations took firm shape and have taken EBITDA Margin to 25%.”

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Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.
yash@newsbarons.com
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