Technology

Prime Focus Q3 PAT Rs 10.33 crore vs loss a year ago

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BENGALURU: Indian visual effect and 3-D conversion company Prime Focus Limited has reported consolidated net profit of Rs 10.33 crore in the third quarter ended 31 December, 2013 against a loss of Rs 63.27 crore a year ago.

The consolidated net profit in the third quarter was, however, less than half of Rs 21.34 crore a quarter earlier. The company had a foreign exchange gain of Rs 20.37 crore (95.4 per cent of net profit) in the second quarter of 2013-14, against foreign exchange gain of Rs 3.80 crore in the third quarter.

In the nine months ended 31 December, 2013, Prime Focus reported exchange gain of Rs 38.23 crore, nearly four times Rs 9.76 crore gain a year ago. For 2012-13, the company had a foreign exchange gain of Rs 6.75 crore. 

Let us look at the other Q3-2014 figures reported by Prime Focus

Prime Focus reported 18.3 per cent rise in Income from operations to Rs 213.68 crore in Q3-2014 from Rs 180.68 crore in the same quarter of FY 2013 and was 9 per cent more than the Rs 196.06 crore during Q2-2014. YTD, its Income from operations at Rs 598.20 crore was 5.8 per cent more than the Rs 565.27 crore of the nine month periods of last year. For FY 2013, Prime Focus had reported Income from operations of Rs 762.16 crore. 

Total expenditure at Rs 194.09 crore for Q3-2014 was 11.5 per cent more than the Rs 180.81 crore for Q3-2013, and 8.2 per cent more than the Rs 179.42 crore for the immediate trailing quarter Q2-2014. YTD, Prime Focus reported Total expenditure of Rs 541.73 crore , which was 5.75 per cent more than the Rs 512.26 crore  during the corresponding nine month period of FY 2013. The company reported Total expense of Rs 686.76 crore in FY 2013. 

Personnel cost for Q3-2014 at Rs 89.38 crore was 14.6 per cent more than the Rs 78.02 crore  for the corresponding quarter of last year (Q3-2013) and 11.9 per cent more than the Rs 79.85 crore  for Q2-2014. 

The company paid Rs 15.61 crore towards technician fee for Q3-2014, 7.4 per cent more than the Rs 14.53 crore a year ago, and (1.8) per cent lower than the Rs 15.89 crore for Q2-2014. 

Depreciation and amortisation cost for Q3-2014 at Rs 25.17 crore was 10.6 per cent higher than the Rs 22.75 crore y-o-y but (11.5) per cent lower than the Rs 28.44 crore for Q2-2014. 

Other expenditure for Q4-2014 at Rs 63.80 crore was 8.7 per cent more than the Rs 58.68 crore y-o-y and 15.5 per cent more than the Rs 55.25 crore q-o-q. 

Prime Focus paid Rs 16.28 crore towards finance costs for Q3-2014, 32.5 per cent more than the Rs 12.29 crore for Q3-2013 and 46.8 per cent more than the Rs 11.09 crore for the trailing quarter (Q2-2014).

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