Synopsis:
Prime Focus Ltd witnessed notable bulk deal activity as Craft Emerging Market Fund PCC acquired a 3.87 percent stake in the company, while other investors exited.
A media and entertainment stock jumped after significant activity in bulk deals on the stock exchanges, with Craft Emerging Market Fund PCC acquiring shares worth Rs. 187.86 crore, while other investors offloaded positions.
Prime Focus Ltd, with a market capitalization of Rs. 5,927.54 crore, opened at Rs. 191.25, touched a high of Rs. 191.25 against a previous close of Rs. 173.90, registering an intraday gain of 9.95 percent.
What’s the News?
Prime Focus Ltd saw significant activity in bulk deals on the stock exchanges, attracting both acquisitions and offloads. Craft Emerging Market Fund PCC acquired 120 lakh shares at Rs. 156.55 per share, amounting to a 3.87 percent equity stake for Rs. 187.86 crore.
Meanwhile, Augusta Investments I PTE LTD sold 62.24 lakh shares for Rs. 97.44 crore, and Marina IV (Singapore) divested 57.75 lakh shares for Rs. 90.4 crore, both at Rs. 156.55 per share. The transactions underline active investor participation in the motion picture and video production company.
Also Read: Ashish Kacholia backed stock in focus after promoter offloads 2 Lakh shares in the company
Financial Snapshot
Quarter-on-Quarter (QoQ) Performance: Sales rose from Rs. 979 crore to Rs. 1,023 crore, marking a 4.46 percent increase. Operating profit improved from Rs. 232 crore to Rs. 244 crore, up 5.17 percent.
PBT turned positive at Rs. 164 crore compared with a loss of Rs. 257 crore previously. Net profit surged to Rs. 110 crore from a loss of Rs. 252 crore, reflecting a strong operational turnaround.
Year-on-Year (YoY) Performance: Sales grew from Rs. 813 crore to Rs. 1,023 crore, a 25.77 percent rise. Operating profit jumped from Rs. 75 crore to Rs. 244 crore, up 225.33 percent. PBT improved from a loss of Rs. 135 crore to a profit of Rs. 164 crore. Net profit climbed from a loss of Rs. 158 crore to Rs. 110 crore, highlighting robust growth and improved profitability.
About the Company
Prime Focus Group is the world’s largest independent integrated media powerhouse, employing over 10,000 professionals across 24 cities on four continents. The company excels in visual effects, animation, Stereo 3D conversion, production, financing, and post-production services.
Prime Focus leverages AI and cloud-enabled technologies to streamline workflows and empower global creators. Listed on the BSE and NSE, it is recognized on the Fortune India 500 list and is the parent of DNEG, BRAHMA, and Prime Focus Studios.
Written By Manan Gangwar
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