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Tag: PFL

  • Prime Focus reports profit for third quarter of 2017

    BENGALURU: Prime Focus Limited (PFL) reported consolidated Profit After Tax (PAT) of Rs 22.68 crore (4.5 percent margin) for the period ended 31 December 2016 (Q3-17, current quarter) as compared to a loss of Rs 19.43 lakh in the corresponding year ago quarter Q3-16. The company’s consolidated simple EBIDTA without other income in Q3-17 at increased 56.7 percent year-over-year (y-o-y) to Rs 111.01 crore (21.9 percent margin) from Rs 70.86 crore (15.1 percent margin).

    PFL’s consolidated Total Income from operations (TIO) in Q3-17 increased 8.3 percent y-o-y in the current quarter to Rs 507.19 crore from Rs 468.52 crore.

    Total Expenditure in Q3-17 was almost flat (increased 0.5 percent) to Rs 461.49 crore (91 percent of TIO) from Rs 459.32 crore (98 percent of TIO) in Q2-16. Employee benefits expense in Q3-17 declined 4.9 percent to Rs 268.73 crore (53 percent of TIO) from Rs 282.64 crore (60.3 percent of TIO) in the corresponding quarter of the previous year.

    Finance cost in Q3-17 reduced 26.3 percent to Rs 22.94 crore (4.5 percent of TIO) from Rs 32.12 crore (6.6 percent of TIO) in Q3-16.

    Technicians fees in Q3-17 reduced by 7.7 percent to Rs 7.27 crore (1.4 percent of TIO) from Rs 7.88 crore (1.7 percent of TIO) in Q3-16. Technical Services cost in the current quarter reduced by 16.1 percent to Rs 16.50 crore (3.3 percent of TIO) from Rs 19.67 crore (4.2 percent of TIO) in Q3-16.

    Commenting on the results, PFL founder, executive chairman and global CEO Namit Malhotra said, “We are very happy to report strong financial performance this quarter as we move well ahead of set targets. We are today positioned as a leader in all three of our businesses i.e. Creative Services, Technology Services and India FMS and are witnessing accelerating growth along with increasing industry recognition and acclaim.

    We are pleased to share that our Creative Services delivered VFX on the recent Hollywood blockbuster Fantastic Beasts and Where to find them which is amongst the top 10 movies of 2016 and has grossed over $800 million at the box office. Our creative order book is robust $250 million with many upcoming prestigious projects. Our Tech/Tech Enabled business grew steadily adding new clients and orders while the India FMS business continues to do well, growing robustly with high margins, a testimony of our superior quality.

    We have established a global track record in delivering top-end, innovative and commercially successful projects. We are beginning to clearly see the benefits of working on a larger canvas.”

    Notes: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

  • Prime Focus operating profit up 94 percent

    Prime Focus operating profit up 94 percent

    BENGALURU:  Prime Focus Limited (PFL) reported 93.7 percent growth in operating profit (EBIDTA) for the twelve month period between 1 April 2015 and 31 March 2016 (12M-16) as compared to the corresponding period of the previous year. The company reported EBIDTA for 12M-16 at Rs 329.7 crore (17.3 percent EBIDTA margin of net sales or Total Income from Operations or TIO) as compared to Rs 170.2 crore (13 percent EBIDTA margin of TIO) for 12M-15.

    TIO for 12M-16 increased 45.7 percent to Rs 1,901 crore from Rs 1,304.4 crore in the corresponding 12 month period of the previous year. The company reported a higher loss of Rs 318.5 crore as compared to a loss of Rs 87.2 crore in the previous year.

    Notes:(1) The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR).The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

    (2) The company had filed results for a fifteen month period ended June 30, 2014, hence y-o-y comparison is being done between Q3-16 and Q3-15 and q-o-q comparison is between Q3-16 and  Q2-16 (quarter ended 31 December 2015).

    Total Expenditure in 12M-16 increased 38.5 percent to Rs 1,571.3 crore (82.7 percent of TIO) from Rs 1,134.2 crore (87 percent of TIO in 12M-15. Personnel cost that included employee benefits expense and technicians fees in 12M-16 increased 36.1 percent to Rs 415.3 crore (21.8 percent of TIO) from Rs 305.2 crore (23.4 percent of TIO) in the previous corresponding twelve month period.

    Finance cost in 12M-16 increased 65.7 percent to Rs 107.4 crore (5.6 percent of TIO) from Rs 64.8 crore (5 percent of TIO) in 12M-15.

    Let us look at the numbers for Q3-16

    For the quarter ended 31 March 2016 (Q3-16, current quarter), PFL reported 10.7 percent year-over-year (y-o-y) growth in TIO at Rs 465.7 crore as compared to Rs 420.54 crore, but revenue declined by 0.8 percent quarter-over-quarter (q-o-q) from Rs 468.52 crore. EBIDTA in the current quarter at Rs 160.20 crore (34.4 percent EBIDTA margin of TIO)was 52.4 percent higher y-o-y as compared to Rs 105.15 crore (25 percent EBIDTA margin of TIO) and more than doubled (2.24 times) as compared to Rs71.56 crore (15.3 percent EBIDTA margin of TIO.

    The company’s loss in Q3-16 was higher both y-o-y and q-o-q. For Q3-16, PFL reported loss of Rs 80.10 crore, for Q3-15 loss was Rs 20.29 crore and for the immediate trailing quarter it was Rs 11.40 crore.

    For other numbers for Q3-16 and previous quarters, please refer to Figures A and B below.

     

     

  • Prime Focus operating profit up 94 percent

    Prime Focus operating profit up 94 percent

    BENGALURU:  Prime Focus Limited (PFL) reported 93.7 percent growth in operating profit (EBIDTA) for the twelve month period between 1 April 2015 and 31 March 2016 (12M-16) as compared to the corresponding period of the previous year. The company reported EBIDTA for 12M-16 at Rs 329.7 crore (17.3 percent EBIDTA margin of net sales or Total Income from Operations or TIO) as compared to Rs 170.2 crore (13 percent EBIDTA margin of TIO) for 12M-15.

    TIO for 12M-16 increased 45.7 percent to Rs 1,901 crore from Rs 1,304.4 crore in the corresponding 12 month period of the previous year. The company reported a higher loss of Rs 318.5 crore as compared to a loss of Rs 87.2 crore in the previous year.

    Notes:(1) The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR).The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

    (2) The company had filed results for a fifteen month period ended June 30, 2014, hence y-o-y comparison is being done between Q3-16 and Q3-15 and q-o-q comparison is between Q3-16 and  Q2-16 (quarter ended 31 December 2015).

    Total Expenditure in 12M-16 increased 38.5 percent to Rs 1,571.3 crore (82.7 percent of TIO) from Rs 1,134.2 crore (87 percent of TIO in 12M-15. Personnel cost that included employee benefits expense and technicians fees in 12M-16 increased 36.1 percent to Rs 415.3 crore (21.8 percent of TIO) from Rs 305.2 crore (23.4 percent of TIO) in the previous corresponding twelve month period.

    Finance cost in 12M-16 increased 65.7 percent to Rs 107.4 crore (5.6 percent of TIO) from Rs 64.8 crore (5 percent of TIO) in 12M-15.

    Let us look at the numbers for Q3-16

    For the quarter ended 31 March 2016 (Q3-16, current quarter), PFL reported 10.7 percent year-over-year (y-o-y) growth in TIO at Rs 465.7 crore as compared to Rs 420.54 crore, but revenue declined by 0.8 percent quarter-over-quarter (q-o-q) from Rs 468.52 crore. EBIDTA in the current quarter at Rs 160.20 crore (34.4 percent EBIDTA margin of TIO)was 52.4 percent higher y-o-y as compared to Rs 105.15 crore (25 percent EBIDTA margin of TIO) and more than doubled (2.24 times) as compared to Rs71.56 crore (15.3 percent EBIDTA margin of TIO.

    The company’s loss in Q3-16 was higher both y-o-y and q-o-q. For Q3-16, PFL reported loss of Rs 80.10 crore, for Q3-15 loss was Rs 20.29 crore and for the immediate trailing quarter it was Rs 11.40 crore.

    For other numbers for Q3-16 and previous quarters, please refer to Figures A and B below.

     

     

  • Q2-2016: Prime Focus revenue up 47% ;EBIDTA doubles

    Q2-2016: Prime Focus revenue up 47% ;EBIDTA doubles

    BENGALURU: Prime Focus Limited (PFL) reported 47 per cent YoY revenue growth for the quarter ending 31 December, 2015 (Q2-2016, current quarter) at Rs 468.52 crore from Rs 318.67 crore in Q2-2015 and 4.4 per cent higher QoQ as compared to Rs 448.57 crore in the immediate trailing quarter. The company reported more than double (2.02 times) YoY EBITA at Rs 75.56 crore (15.3 per cent margin) as compared to Rs 35.48 crore (11.1 per cent margin) and 37.4 per cent higher QoQ as compared to Rs 52.07 crore (11.6 per cent margin).

    Notes: (1) 100,00,000 = 100 lakh = 10 million =1 crore
    (2) The company had filed results for a fifteen month period ended June 30, 2014, hence YoY comparison is being done between Q2-2016 and Q2-2015 and QoQ comparison is between Q2-2016 and Q1-2016 (quarter ended September, 2015).

    The company reported a lower net loss of Rs 11.40 crore in Q2-2016, a loss of Rs 36.17 crore in Q2-2015 and a loss of Rs 22.51 crore in Q1-2016. 

    Let us look at the other numbers reported by PFL

    Figures A and B below show PFL’s major expense heads. As is obvious, a major expense head for the company is employee benefit expense or EBE.

    PFL’s EBE in Q2-2016 at Rs 284.10 crore (62.4 per cent of TIO) was 43.8 per cent higher YoY as compared to Rs 197.54 crore and (62 per cent of TIO) and was almost flat (went up by 0.5 per cent) QoQ as compared to Rs 282.57 crore (61.6 per cent of TIO).

    Technician’s Fees in the current quarter increased 19.6 per cent YoY to Rs 7.88 crore (1.7 per cent of TIO) as compared to Rs 6.35 crore (2.1 per cent of TIO), but declined 19.3 per cent QoQ from Rs 9.77 crore (2.2 per cent of TIO).

    Fig B indicates that EBE also shows a linear upward trend in terms of percentage of TIO over the twelve quarters starting Q4-2013 until the current quarter Q2-2016. EBE has been the highest in Q2-2016 (62.4 per cent) in terms of absolute rupees, but in terms of percentage of TIO, it was highest in Q3-2015 at 64 per cent.

    Finance and Interest cost in Q12-2016 at Rs 25.11 crore (5.4 per cent of TIO) increased 45.3 per cent YoY from Rs 17.28 crore (5.4 per cent of TIO) and increased 41.4 per cent QoQ from Rs 17.75 crore (four per cent of TIO).

  • Q2-2016: Prime Focus revenue up 47% ;EBIDTA doubles

    Q2-2016: Prime Focus revenue up 47% ;EBIDTA doubles

    BENGALURU: Prime Focus Limited (PFL) reported 47 per cent YoY revenue growth for the quarter ending 31 December, 2015 (Q2-2016, current quarter) at Rs 468.52 crore from Rs 318.67 crore in Q2-2015 and 4.4 per cent higher QoQ as compared to Rs 448.57 crore in the immediate trailing quarter. The company reported more than double (2.02 times) YoY EBITA at Rs 75.56 crore (15.3 per cent margin) as compared to Rs 35.48 crore (11.1 per cent margin) and 37.4 per cent higher QoQ as compared to Rs 52.07 crore (11.6 per cent margin).

    Notes: (1) 100,00,000 = 100 lakh = 10 million =1 crore
    (2) The company had filed results for a fifteen month period ended June 30, 2014, hence YoY comparison is being done between Q2-2016 and Q2-2015 and QoQ comparison is between Q2-2016 and Q1-2016 (quarter ended September, 2015).

    The company reported a lower net loss of Rs 11.40 crore in Q2-2016, a loss of Rs 36.17 crore in Q2-2015 and a loss of Rs 22.51 crore in Q1-2016. 

    Let us look at the other numbers reported by PFL

    Figures A and B below show PFL’s major expense heads. As is obvious, a major expense head for the company is employee benefit expense or EBE.

    PFL’s EBE in Q2-2016 at Rs 284.10 crore (62.4 per cent of TIO) was 43.8 per cent higher YoY as compared to Rs 197.54 crore and (62 per cent of TIO) and was almost flat (went up by 0.5 per cent) QoQ as compared to Rs 282.57 crore (61.6 per cent of TIO).

    Technician’s Fees in the current quarter increased 19.6 per cent YoY to Rs 7.88 crore (1.7 per cent of TIO) as compared to Rs 6.35 crore (2.1 per cent of TIO), but declined 19.3 per cent QoQ from Rs 9.77 crore (2.2 per cent of TIO).

    Fig B indicates that EBE also shows a linear upward trend in terms of percentage of TIO over the twelve quarters starting Q4-2013 until the current quarter Q2-2016. EBE has been the highest in Q2-2016 (62.4 per cent) in terms of absolute rupees, but in terms of percentage of TIO, it was highest in Q3-2015 at 64 per cent.

    Finance and Interest cost in Q12-2016 at Rs 25.11 crore (5.4 per cent of TIO) increased 45.3 per cent YoY from Rs 17.28 crore (5.4 per cent of TIO) and increased 41.4 per cent QoQ from Rs 17.75 crore (four per cent of TIO).

  • FY-15: Prime Focus revenue up 80%; Q4-2015 YoY revenue up 2.4 times

    FY-15: Prime Focus revenue up 80%; Q4-2015 YoY revenue up 2.4 times

    BENGALURU: Prime Focus Limited (PFL) reported 80 per cent revenue growth for the year ending 30 June, 2015 (FY-2015) at Rs 1607.59 crore as compared to the Rs 892.9 crore during the corresponding 4 quarter (12 month period) of the previous year. Last year, the company had reported revenue of Rs 1081.42 crore for the 15 month period ended 30 June, 2014.

    Notes: (1) 100,00,000 = 100 lakh = 10 million =1 crore

    (2) The company had filed results for a fifteen month period ended 30 June, 2014, hence YoY comparison is being done between Q4-2015 and Q5-2014 and QoQ comparison is between Q4-2015 and  Q3-2015 (quarter ended 31 March, 2015).

    YoY, PFL’s revenue increased by 2.4 times in Q4-2015 at Rs 518.21 crore as compared to the Rs 214.99 crore in Q5-2014.

    AnchorThe company’s yearly and quarterly bottom line has been negatively affected due to significant exceptional costs primarily in relation to previously announced divestiture of PFL PLC and planned restructuring / integration costs in relation to the merger with Double Negative.

    The company reported a net loss of Rs 292.22 crore in FY-2015 and a loss of Rs 213.76 crore in Q4-2015. The company’s simple EBIDTA for FY-2015 at Rs 241.23 crore (15 per cent margin) was 22.6 per cent more than the Rs 196.76 crore (19.1 per cent margin) for the 15 month period ended 30 June, 2014. PFL says in its earnings release that EBIDTA for the 12 month period ended 30 June, 2014 was Rs 179.6 crore.

    EBIDTA for Q4-2015 at Rs 86.17 crore (16.6 per cent margin) was more than five times the Rs 14.29 crore (6.6 per cent margin) in Q5-2014, but declined 18 per cent as compared to the Rs 105.15 crore (25 per cent margin) in the immediate trailing quarter.
     

    Let us look at the other numbers reported by PFL:

    Figures A and B below show PFL’s major expense heads. As is obvious, a major expense head for the company is employee benefit expense or EBE.

    PFL’s EBE in Q4-2015 at Rs 263.11 crore (50.8 per cent of TIO) was 13 per cent more the Rs 232.94 crore (64 per cent of TIO) in Q3-2015 and more than double (2.07 times) the Rs 127.11 crore (59.1 per cent of TIO) in Q5-2014.

    Fig B indicates that EBE also shows a linear upward trend in terms of percentage of TIO over the nine quarters starting Q4-2013 until the current quarter Q3-2015. EBE has been the highest in Q4-2015 in terms of absolute rupees, but in terms of percentage of TIO, it was highest in Q3-2015.

    Finance and Interest cost in Q4-2015 at Rs 25.39 crore (4.9 per cent of TIO) was 45.1 per cent more than the Rs 17.50 crore (8.1 per cent of TIO) in Q5-2014 and 78.69 per cent more than the Rs Rs 14.21 crore (3.4 per cent of TIO) Q3-2015.

  • Prime Focus disappoints for quarter ended 30 June, 2014

    Prime Focus disappoints for quarter ended 30 June, 2014

    BENGALURU: Prime Focus Limited (PFL) has posted disappointing results for the quarter (Q5-2014). The company also posted results for the extended 15 month period ended 30 June, 2014 (15M-2014). The company reported a PAT of Rs 24.26 crore or about 2.3 per cent of Total Income from operations (TIO)  for 15M-2014 as compared to the extrapolated loss of Rs 20.31 crore against TOI of Rs 762.16 crore during the equivalent period of 15 months ended 30 June, 2013(15M-2013). The reported TIO for 15M-2014 is Rs 1032.72 crore, an increase of 35.5 per cent as compared 15M-2013.

     

    Earlier, for the four quarter period ended 31 March, 2014 (FY-2014), the company had posted a PAT of Rs 33.04 crore (4 per cent of TIO) against a TIO of Rs 834.89 crore. For FY-2013, the company had reported loss of Rs 16.85 crore. During FY-2014, PFL had reported a net forex gain of Rs 29.21 crore and for FY-2013 an exchange gain of Rs 6.75 crore. During 15M-2014 the company has reported forex gain of Rs 38.07 crore, 5.6 times the Rs 6.75 crore in 15M-2013.

     

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