Ashish Kacholia stock engaged in providing visual effects (VFX) and animation creation, post-production activities, and many more declined by 15 percent in the day’s trade upon posting its year-ended results.
With a market capitalization of Rs. 939 Crores, the shares of Basilic Fly Studio Limited closed at Rs. 404, down 14.98 percent from its previous day’s close price of Rs. 475.20.
Its revenue from operations half yearly declined by 1 percent from Rs. 51.60 Crores in Q2FY23 to Rs. 51.06 Crores in Q4FY24. Annually it generated a revenue of Rs. 78.66 Crores in FY23 and Rs. 102.66 Crores in FY24 indicating a growth of 30.51 percent YoY.
Its Net Profit half yearly declined by 6.5 percent from Rs. 18.88 Crores in Q2FY23 to Rs. 17.65 Crores in Q4FY24. Annually it generated a Net Profit of Rs. 27.90 Crores in FY23 and Rs. 36.53 Crores in FY24 indicating a growth of 30.93 percent YoY.
Ace Investor Ashish Kacholia holds a 2.78 percent stake in the company consisting of 6.46 Lakh equity shares. He took a fresh holding position in the company by purchasing a 2.35 percent stake consisting of 5.47 lakh equity shares.
Basilic Fly Studio Limited is engaged in visual effects (VFX) and animation creation business, it is involved in post-production activities of providing high-end visual effects and two-dimensional (2D) to three-dimensional (3D) conversion to the media and entertainment industry. It provides its VFX solution for movies, television, net series, and Commercials.
It offers a range of VFX services, such as final compositing and rotors copy, paint and preparation, previsualization, computer graphics camera/ body tracking and rotation/ object tracking, and onset supervision.
It has reported a return on equity (ROE) of 120 percent and a return on capital employed (ROCE) of 147 percent, it is making good returns on its equity and capital employed.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
