Prime Focus Ltd, the parent company of visual effects and animation studio DNEG, reported a more than 14-fold jump in consolidated net profit to ₹58.27 crore for the second quarter of FY27, compared with ₹4.06 crore in the corresponding quarter last year.
\n\nConsolidated revenue from operations rose 35.2% year-on-year to ₹1,410.17 crore in the September quarter, from ₹1,042.89 crore a year earlier.
\n\nTotal income, including other income, increased to ₹1,446.59 crore from ₹1,071.85 crore in the year-ago quarter.
\n\nProfit before tax rose to ₹91.04 crore from ₹5.8 crore in the corresponding quarter last year. The company reported an exceptional loss of ₹2.11 crore during the quarter.
\n\nThe company had reported a consolidated net loss of ₹45.78 crore in the preceding June quarter, compared with a net profit of ₹4.06 crore in the year-ago period.
\n\nFor the first half of FY27, consolidated revenue from operations increased to ₹2,666.25 crore from ₹2,019.71 crore a year earlier. However, net profit declined sharply to ₹12.49 crore from ₹114.52 crore in the corresponding period last year, partly reflecting exceptional expenses.
\n\nPrime Focus also has a major role in the two-part film adaptation of the Ramayana. Its production arm, Prime Focus Studios, is producing the franchise…
Original source: https://www.cnbctv18.com/entertainment/
