Prime Focus Q2 net profit at INR 219mn

Prime Focus Q2 net profit at INR 219mn

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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%.”