Prime Focus Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Prime Focus Limited reported its Q1 FY26 (quarter ended June 30, 2025) unaudited results. On a consolidated basis, revenue from operations grew about 23% year-on-year to ₹97,682 lakhs (from ₹79,508 lakhs), and the company swung to a net profit of ₹11,046 lakhs versus a loss of ₹15,808 lakhs in the year-ago quarter. On a standalone basis, however, revenue from operations fell sharply to ₹696 lakhs (from ₹1,073 lakhs a year ago), and the company posted a net loss of ₹535 lakhs versus a profit of ₹22,102 lakhs (the prior-year profit included a one-time ₹21,621 lakh exceptional gain from the sale of its stake in Prime Focus Technologies). The board also approved a massive preferential issue of up to 46.27 crore equity shares at ₹120 each, aggregating up to ₹5,55,203 lakhs, partly through cash and partly by swapping subsidiary shares. A new internal auditor (Shridhar & Associates) was appointed, Chairman Naresh Malhotra was reappointed for three years, and promoter-group entity Monsoon Studio Pvt Ltd was reclassified to 'public'. Statutory auditor MSKA & Associates issued an unmodified limited review conclusion.
The consolidated turnaround from loss to profit is encouraging for shareholders, but the standalone entity continues to post losses, and a large pending lawsuit with Reliance Alpha Services (₹35,379 lakhs demanded, with an NCLT insolvency petition still sub judice) remains a major overhang. The proposed ₹5,55,203 lakh preferential issue, if completed, would significantly expand the share count and could dilute existing shareholders substantially.