BENGALURU: For FY-2014, Prime Focus Limited (Prime Focus) reported a PAT of Rs 33.04 crore as compared to a loss of Rs (-20.31) crore in FY-2013. Forex loss of Rs (-9.02) crore, non-cash reversal of deferred tax during the quarter are some of the factors that have added to the loss in Q4-2014 of Rs (-7.16) crore to Prime Focus as compared to a profit of Rs 10.33 crore in Q3-2014 and a profit of Rs 12.44 crore in Q4-2013.
During FY-2014, Q4 is the only quarter that has reported an operational loss and a forex loss. Between Q1-2014 and Q3-2014, the company had reported a forex gain of Rs 38.23 crore, much more than the PAT reported by the company during the entire fiscal. The Q4-2014 forex loss reduced overall forex gains by the company in FY-2014 to Rs 29.21 crore.