Now Reading: Prime Focus Q2 net profit jumps 14 times to ₹58 crore
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Prime Focus Q2 net profit jumps 14 times to ₹58 crore
The Story in Brief
Prime Focus Ltd, parent of visual effects studio DNEG, reported a consolidated net profit of ₹58.27 crore for the September 2026 quarter, a more than 14-fold jump from ₹4.06 crore a year earlier. Revenue from operations rose 35.2% to ₹1,410.17 crore, driven by strong demand for visual effects. The company swung from a net loss of ₹45.78 crore in the preceding June quarter.
Profit before tax climbed to ₹91.04 crore from ₹5.8 crore in the same period last year. For the first half of FY27, revenue increased to ₹2,666.25 crore but net profit fell sharply to ₹12.49 crore from ₹114.52 crore, partly due to exceptional expenses. The company disclosed that the Income Tax Department conducted search and seizure operations at its offices and directors' residences from October 7 to 14, seizing electronic records. Prime Focus said it cooperated with authorities and had not received any order, demand or show-cause notice as of the results' approval date.
Indian Opinion Analysis
Both CNBCTV18 and Livemint reported the same core financial numbers neutrally, with identical profit and revenue figures. CNBCTV18 led with the profit jump and the Ramayana connection, while Livemint's headline explicitly asked 'Ramayana effect?' and included a detailed filmography of Prime Focus Studios, framing the results around the upcoming Ramayana franchise. Both outlets reported the Income Tax searches identically, without editorialising. The balanced reading is that the strong visual-effects demand and the Ramayana project dominate the positive narrative, while the tax searches and first-half profit decline remain as counterpoints.
Coverage: 2 sources, 2 neutral
Sources (2): cnbctv18.com (neutral report), livemint.com (neutral report)
This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Methodology and corrections.
