The World’s Largest independent integrated media services powerhouse company is in focus after it jumped 8 percent following its announcement of forming an MoU with the Government of Maharashtra worth $ 400 Million
With a market capitalization of Rs. 3,322 Crore, the stock of Prime Focus opened at Rs. 117, up 5.29 percent from yesterday’s close, and after opening, it made a high of Rs. 120, up 7.99 percent. Additionally, the Yearly return for the stock is 9 percent, and the past 5-year return is an impressive 312 percent.
MoU Update
The Company announced that it has entered into an MoU (Memorandum of Understanding) with the Government of Maharashtra to develop a new global entertainment destination in Mumbai.
The MoU proposes an investment of Rs. 3,000 Crores ( approximately $400 million USD) in the development of a new entertainment ecosystem, where the company will be creating a unique destination for content creators, tourists, and fans of entertainment across the globe. This MoU development will also create thousands of highly skilled jobs in the region.
The company also stated that the Investment will create the world’s most technologically advanced and digitally connected content creation ecosystem at the heart of one of the world’s oldest filmmaking industries.
Founded in 1997, Prime Focus Limited is a leading Indian media and entertainment services company, known globally for its work in visual effects (VFX), post-production, animation, and media technology.
Prime Focus has grown into a global powerhouse, serving major Hollywood studios, broadcasters, and streaming platforms. It owns DNEG, an award-winning VFX and animation company with multiple Academy Awards to its name.
Financial Highlights
The company reported an 8.08 percent YoY increase in revenue from Rs. 841 Crore in Q3FY24 to Rs. 909 Crore in Q3FY25. On a QoQ basis, the company reported an increase of 1.33 percent in revenue from Rs. 897 Crore in the previous quarter.
Their Net loss saw a YoY increase from Rs. 79 Crore to Rs. 99 Crore for the same period. On a QoQ basis, the company reported a Net profit in Q2FY25 of Rs. 50 Crores. However, again in Q3FY25, it reported a loss of Rs. 99 Crores
Written By Abhishek Das
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