Prime Focus Ltd posts consolidated net loss of Rs65cr in Q2FY19 vs. net profit of Rs18cr in Q2FY18

The company’s consolidated revenue stood at Rs606cr, up 10.7% yoy but down 0.5% qoq.

Nov 14, 2018 03:11 IST India Infoline Research Team

Prime Focus Ltd Q2FY19

Consolidated Results Q2FY19: (Rs. in cr)

Q2FY19 YoY (%)
Revenue 605.68 10.7
EBITDA 26.67 [78.1]
EBITDA Margin (%) 4.4 [1,783]
Net Loss (adjusted) 65.14 NA
***EBITDA margin change is bps

Prime Focus Ltd’s revenue grew by 10.7% yoy and declined 0.5% qoq to Rs606cr. EBITDA stood at Rs27cr, down 78.1% yoy and 72.9% qoq. EBITDA margin contracted by 1,783bps yoy and 1,179bps qoq to 4.4%. Adjusted Net loss of the company stood at Rs65cr vs. Adjusted Net profit of Rs18cr yoy and Adjusted Net loss of Rs6cr qoq.

• Employee cost stood at 68.9% of sales vs. 58.3% yoy impacting the EBITDA margin.
• Other expenses stood at Rs17.7% of sales vs. 17.2% yoy.
• Depreciation and amortisation expense remained unchanged at Rs71cr.
• Finance cost grew by 51.8% yoy to Rs55cr impacting the profitability of the company.
• Apart from the above finance cost, company also charged Rs26cr towards early settlement of a financial liability in Q2FY19. There was no such cost in the previous quarter.

Technical View:

Prime Focus Ltd ended at Rs. 67.15, down by 0.7 points or 1.03% from its previous closing of Rs. 67.85 on the BSE.
The scrip opened at Rs. 68.70 and touched a high and low of Rs. 69 and Rs. 67.15 respectively. A total of 3,218 (NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.

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