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Ramayana effect? Prime Focus Q2 results: Revenue rises to ₹1,410.17 crore; PAT climbs to ₹91.04 crore from ₹5.8 crore

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In short

Prime Focus reported a consolidated net profit of ₹58.27 crore for the second quarter of FY27, climbing more than 14-fold year-on-year. While quarterly profit before tax surged to ₹91.04 crore, first-half net profit dropped to ₹12.49 crore due to earlier deficits and exceptional losses. Operating revenue for the six-month period nevertheless reached ₹2,666.25 crore amid robust visual effects demand. The company is currently co-producing Ramayana with Yash’s Monster Mind Creations while managing eight other projects in production.

Key points

  • Strong visual effects demand drove a robust quarterly operational turnaround despite ling…: Strong visual effects demand drove a robust quarterly operational turnaround despite lingering first-half profit declines.
  • Prime Focus is advancing an extensive content pipeline featuring eight active productions…: Prime Focus is advancing an extensive content pipeline featuring eight active productions alongside its Ramayana adaptation.
  • Tax authorities have not issued any orders or demands following their October searches, r…: Tax authorities have not issued any orders or demands following their October searches, requiring no financial adjustments.

Sources checked by our analysis pipeline: 1

Prime Focus Ltd reported a consolidated net profit of ₹58.27 crore in Q2 FY27. That was more than 14 times the ₹4.06 crore it earned a year earlier. Strong demand for visual effects helped drive the increase in revenue and profit. Prime Focus is the parent company of visual effects and animation studio DNEG, the visual mastermind behind Ranbir Kapoor’s Ramayana.

Consolidated revenue from operations rose 35.2% to ₹1,410.17 crore in the September quarter. The company posted operating revenue of ₹1,042.89 crore in the same quarter last year. Operating revenue rose by ₹367.28 crore from the same quarter last year. Total income, including other income, increased from ₹1,071.85 crore to ₹1,446.59 crore.

Profit before tax (PAT) climbed to ₹91.04 crore from ₹5.8 crore a year earlier. The company also recorded an exceptional loss of ₹2.11 crore during the September quarter. The latest results marked a turnaround from the preceding June quarter. Prime Focus had posted a consolidated net loss of ₹45.78 crore in that quarter.

For the first half of FY27, consolidated operating revenue reached ₹2,666.25 crore. That compares with…

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