Prime Focus reports higher operating profit for Q2-17

Prime Focus Limited (PFL) reported 31 per cent growth in consolidated operating profit (EBIDTA, including foreign exchange gain and other income) for the quarter ended 30 September 2016 (Q2-17, current quarter) vis-à-vis Q2-16 (y-o-y. The company’s consolidated EBIDTA including foreign exchange gain and other income for Q2-17 was Rs 76.25 crore as compared to Rs 58.19 crore in Q2-16. Consolidated Total Income from operations (TIO) in Q2-17 increased 4 per cent y-o-y in the current quarter to Rs 448.57 crore in Q2-16. However, PFL’s net loss in Q2-17 increased to Rs 36.15 crore as compared to a net loss of Rs 23.19 crore in the corresponding year ago quarter. Total Expenditure in Q2-17 increased 3.4 per cent to Rs 477.54 crore (102.4 per cent of TIO) from Rs 461.89 crore (103 per cent of TIO in Q2-16. Employee benefits expense in Q2-17 increased 3.8 percent to Rs 292.90 crore (62.8 per cent of TIO) from Rs 282.90 crore (62.9 per cent of TIO) in the corresponding quarter of the previous year. Finance cost in Q2-17 increased 39.2 per cent to Rs 32.54 crore (7 per cent of TIO) from Rs 23.39 crore (5.2 per cent of TIO) in Q2-16. Technicians fees in Q2-17 reduced by 18.7 per cent in Q2-17 to Rs 7.94 crore (1.7 per cent of TIO) from Rs 9.77 crore (2.2 per cent of TIO) in Q2-16. Technical Services cost in the current quarter reduced by 31.7 per cent to Rs 15.47 crore (3.3 per cent of TIO) from Rs 22.66 crore (5.1 per cent of TIO) in Q2-17. 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.