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Prime Focus Ltd Q2 FY16 consolidated EBITDA up by 135 %YoY at Rs. 83.1 crore

Prime Focus Ltd Q2 FY16 consolidated EBITDA up by 135 %YoY at Rs. 83.1 crore

Author | exchange4media News Service | Tuesday, Feb 16,2016 9:30 AM

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Prime Focus Ltd Q2 FY16 consolidated EBITDA up by 135 %YoY at Rs. 83.1 crore

Prime Focus Limited has declared its results for the quarter ending Dec’15. The company reported strong growth in revenue led by robust growth in Creative and Tech/Tech Enabled services.

The consolidated Q2 FY16 revenue for the quarter was up 47% YoY at Rs 468.5 crore from Rs 318.7 crore in the quarter ending Dec’14, driven by 37% & 39% growth in Creative and Tech/Tech Enabled services, respectively. While EBITDA from operations for the period stood at Rs 83.1 crore (EBITDA margin of 18%) compared to Rs 35.4 crore in the quarter ending Dec’14 – increase of 135% YoY.

Consolidated 6M’FY15 revenue grew by 36% to Rs. 917.1 crore compared to Rs. 675.6 crore in the six months ending Dec’14 while PBT for the period stood at Rs 27.7 core compared to Rs 107.6 crore in period ending Dec’14.

Commenting on the results, Namit Malhotra, Founder, Executive Chairman and Global CEO, Prime Focus Ltd said, “We are extremely pleased to report continued momentum in growth during the quarter as both revenue and margins continue to benefit from the synergies of our transformational transactions, in line with our planned phased integration. In this time of rapid & disruptive technological advancements, we continue to lead the way in the M&E industry to meet the demands of consumers globally.”

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