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(14/02/2020 21:41)

Prime Focus posts Q3 net loss of Rs 27.17 cr

The company reported standalone net loss during the quarter stood at Rs 27.17 crore compared to net profit of Rs 15.15 crore in the previous year quarter.ÿ

Net revenue of the company declined moderately by 14.84 per cent at Rs 34.33 crore in October-December quarter of this fiscal as against Rs 40.31 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 36.32 per cent to Rs 19.97 crore from Rs 31.36 crore in year ago period.

Other Income dipped by 76.73 per cent at Rs 5.32 crore versus (Dec'18 Rs 22.86 crore).

Operating Profit surged by 27.33 per cent to Rs 14.35 crore as against Rs 11.27 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 49.62 per cent in December quarter.

Interest grew by 32.72 per cent y-o-y to Rs 16.67 crore, while Taxation increased by 689.91 per cent at Rs 12.86 crore (Dec'18 Rs -2.18 crore).