Q3FY17 results: Prime Focus Limited

On Tuesday, Prime Focus Ltd. reported its results for the quarter ended on December 31, 2016.

The total sales for this quarter, Q3FY17, came in at Rs 507.18 crore. This represents a 8.72 per cent sequential increase and 8.25 per cent YoY increase. Its operating profit (EBIT) for the recently concluded quarter amounted to Rs 45.69 crore and the EBIT margin stood at 9.01 per cent.

In terms of the bottom-line, the company turned around to net profit figure of Rs 22.68 crore vs net loss of Rs 36.15 crore in the previous quarter and Rs 18.44 crore in the corresponding quarter last year. The company's stock which opened for trading at Rs 90 on the BSE, has fallen by 3.06 per cent after the results were declared and is currently trading around Rs 87.25 mark. 

Prime Focus Ltd. is a visual entertainment services group. The company provides creative and technical services to the film, broadcast, commercials, gaming, internet and media industries. The company offers end-to-end solution from pre-production to final delivery including pre-visualisation, equipment hire, visual effects, video and audio post-production, digital intermediate, digital asset management and distribution.