Top Story


Home >> Marketing >> Article

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

Font Size   16
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.”

Markus Noder, Managing Partner, Serviceplan International, shared innovative tools, ideas and methodologies to generate tangible business values

The primary reason that led to growth of OTT is the constant improvement of internet speed and service across the country: Sandeep Gupta, ACT Fibernet

Siddharth Kumar Tewary, Founder, Chief Creative, One Life Studios and Swastik Productions, on owning the IP on his most ambitious project 'Porus,' the risk of recovering its cost and his distribution strategy

Webscale plans to build the brand around smooth operations for the e-commerce sector and then move on to demand generation

The Tata Group is considering review of its Public Relations mandate which is currently handled by PR firm Edelman in association with Rediffusion. The review is likely to happen post January 2018.

KVL Narayan Rao, Group CEO, and Executive Vice Chairman of NDTV passed away at 63 after battling cancer for two years

Week 44 (October 29-November 4, 2017) of RAM Ratings saw Big FM and Fever FM dominating Mumbai. Meanwhile Fever, Radio City and Radio Mirchi dominated Delhi, Bangalore and Kolkata respectively.