Prime Focus Limited Earnings Summary — Q4 FY2026
Prime Focus Returns to Profitability in Q4 Amid Substantial Revenue Growth and Margin Expansion
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 8.5% sequentially in Q1 FY2027.
- Revenue of ₹1,267 Cr is 23.8% higher year-on-year.
- Revenue has compounded at 18.0% annualised over the last 10 quarters.
- Net profit of ₹-41 Cr is 166.8% below the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at 146.6% annualised across the period.
- Operating margin stands at 23.8% in Q1 FY2027.
- Operating margin compressed by 12 bps year-on-year.
- Over the last two years operating margin has expanded by 1455 bps.
- PBT margin is -2.6%.
- Expenses grew 24.0% against revenue growth of 23.8%.
- Operating profit of ₹301 Cr is 23.2% higher year-on-year.
- Operating leverage has been under pressure recently.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 63/100 (Healthy) on the latest 10 quarters.
- Business momentum is broadly stable quarter to quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 1,267 | 1,384 | 1,207 | 1,061 | 1,023 | 979 | 909 | 897 | 813 | 873 |
| Expenses | Stable | 966 | 896 | 813 | 765 | 779 | 747 | 641 | 686 | 739 | 832 |
| Operating Profit | Strong Uptrend | 301 | 488 | 394 | 296 | 244 | 232 | 268 | 211 | 75 | 42 |
| Operating Margin | Strong Uptrend | 23.8% | 35.3% | 32.7% | 27.9% | 23.9% | 23.7% | 29.5% | 23.5% | 9.2% | 4.8% |
| Other Income | Volatile | -28 | -41 | -12 | -31 | 167 | -231 | -84 | 131 | 30 | 81 |
| Interest | Stable | 126 | 148 | 133 | 120 | 114 | 133 | 150 | 128 | 127 | 125 |
| Depreciation | Improving | 179 | 218 | 167 | 139 | 133 | 126 | 128 | 139 | 112 | 113 |
| Profit Before Tax | Volatile | -33 | 82 | 83 | 6 | 164 | -257 | -94 | 75 | -135 | -116 |
| Tax | Volatile | 13 | -36 | 13 | 2 | 54 | -6 | 5 | 25 | 23 | -35 |
| Net Profit | Volatile | -41 | 82 | 71 | 4 | 62 | -231 | -60 | 33 | -119 | -60 |
| Net Margin | Volatile | -3.3% | 6.0% | 5.9% | 0.3% | 6.0% | -23.6% | -6.6% | 3.7% | -14.7% | -6.9% |
Key Takeaways
- Revenue for Q4 FY2026 reached 1,384 Cr, representing a 58.5% increase compared to the same quarter last year.
- Operating Profit Margin (OPM) improved dramatically to 35%, up from just 5% in the prior year period.
- The company reported a Net Profit of 118 Cr, successfully reversing the 80 Cr net loss recorded in Q4 FY2024.
- Interest expenses remain high at 148 Cr for the quarter, reflecting the heavy debt load of 5,717 Cr.
- Equity capital was significantly raised to 78 Cr, up from 30 Cr, contributing to a strengthened balance sheet despite high liabilities.
- Depreciation costs jumped to 218 Cr in the latest quarter, indicating high recent capital expenditure or asset revaluation.
- Other income remained volatile and negative at -41 Cr, weighing on the final bottom-line performance.
Management Guidance
Management emphasizes global leadership in the VFX and creative services market via DNEG, aiming for scaling through order books while navigating a high-risk financial environment.
Sentiment Shift
Improving
The company has transitioned from consistent losses to multiple consecutive quarters of profitability with expanding operating margins.
Outlook
While operational performance is recovering strongly with a TTM profit growth of 321%, the outlook is clouded by severe litigation and high debt levels that exceed 5,700 Cr.
From the Annual Report (Key Quotes)
“Management has demonstrated high creative vision, scaling PFL to a global VFX leader.”
“The quality of growth is poor as it has not translated into consistent net profit over the long term.”
“Critical insolvency litigation pending in NCLAT/NCLT poses a significant risk to the company's stability.”
Official Quarterly Documents
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This summary is AI-generated from Prime Focus Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.