Prime Focus Ltd's Q3FY25 Quarter Results
- 11 Feb 2025
Result Summary
- Prime Focus Ltd reported a 19.7% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 12.7%.
- Its expenses for the quarter were down by 3.5% QoQ and 13.6% YoY.
- The net profit decreased 296.4% QoQ and increased 25.3% YoY.
- The earnings per share (EPS) of Prime Focus Ltd declined at 3.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 825.68 | 1028.28 | 945.66 | -19.7% | -12.7% |
Total Expenses | 919.40 | 953.18 | 1063.81 | -3.5% | -13.6% |
Profit Before Tax | -93.72 | 75.10 | -118.14 | -224.8% | -20.7% |
Tax | 5.28 | 24.69 | -39.14 | -78.6% | -113.5% |
Profit After Tax | -99.00 | 50.41 | -79.00 | -296.4% | 25.3% |
Earnings Per Share | -3.30 | 1.60 | -2.60 | -306.3% | 26.9% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Prime Focus Ltd is a company engaged in providing post-production services, primarily catering to the film, television, and advertising industries. The company is known for its specialization in visual effects, animation, and 3D conversion, serving a global clientele with a range of creative and technological services. As of the latest information available, Prime Focus Ltd has been leveraging its technological infrastructure and creative expertise to cater to the evolving demands of digital media and entertainment. There are no specific recent major developments available for this company within the scope of the provided data.
Revenue
In the third quarter of fiscal year 2025, Prime Focus Ltd reported a total income of ₹825.68 crores. This reflects a decline of 19.7% from the second quarter of fiscal year 2025, where the total income was ₹1028.28 crores. When compared to the third quarter of fiscal year 2024, which recorded a total income of ₹945.66 crores, there was a year-over-year decrease of 12.7%. The decline in revenue both on a quarterly and annual basis indicates a challenging revenue environment for the company during this period.
Profitability
The company reported a loss before tax of ₹93.72 crores for the third quarter of fiscal year 2025. This represents a significant downturn in comparison to the previous quarter, where the company had a profit before tax of ₹75.10 crores. Year-over-year, the loss before tax showed a marginal improvement from a loss of ₹118.14 crores in the third quarter of fiscal year 2024. The profit after tax for Q3FY25 was a loss of ₹99.00 crores, contrasting with a profit of ₹50.41 crores in Q2FY25. Despite the loss, there was a year-over-year improvement from a loss of ₹79.00 crores in Q3FY24. Earnings per share for Q3FY25 stood at a negative ₹3.30, compared to ₹1.60 in the previous quarter and negative ₹2.60 in the same quarter last year.
Operating Metrics
Total expenses for Prime Focus Ltd in Q3FY25 were ₹919.40 crores, reflecting a slight decrease of 3.5% from ₹953.18 crores in the previous quarter. Year-over-year, total expenses decreased by 13.6% from ₹1063.81 crores in Q3FY24. The tax expense in Q3FY25 was ₹5.28 crores, which is significantly lower than the ₹24.69 crores reported in Q2FY25 and a reversal from the tax credit of ₹39.14 crores in Q3FY24. The changes in these operating metrics, specifically the reduction in expenses and tax outflow, are notable factors within the financial performance of the company for this quarter.
