Prime Focus Share Price Fluctuates During The Day

Intraday on Friday, Prime focus share price went above 4 per cent. The stock is trading at Rs. 67.

Prime Focus’ consolidated revenue rose 4 per cent y-o-y to Rs 467 cr on the back of a 29 per cent y-o-y growth in Tech/Tech-enabled services. Creative and Tech Enabled services contributed 72 per cent and 19 per cent, respectively to total segmental revenues.

EBITDA for the period rose 11.3 per cent y-o-y to Rs 59 cr with the corresponding EBITDA margins expanding 83 bps to 12.6 per cent. This primarily cost reduction was from technical service cost which slipped 31.7 per cent y-o-y.

Also, net loss expanded 55.4 per cent y-o-y to Rs 36 cr. Net loss in Q2FY16 was registered at Rs 23 cr. The expansion in losses was because of the higher finance costs (up 39.2 per cent y-o-y) and impact of Ind-AS adoption.

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