Stick with guidance of reducing Rs 200-300 cr debt by FY18-end: Prime Focus

Prime Focus has posted a strong operational performance this quarter with a near doubling of their EBITDA to close to Rs 85 crores. They have also posted a profit of Rs 22 crores compared to a loss of nearly Rs 40 crores a year ago aided also by an exchange gain of about Rs 15 crores.

In an interview with CNBC-TV18, Vikas Rathee, Group CFO of the company discussed the details.

“At the beginning of this fiscal year, what we had guided was that we should have about 10 percent topline growth and we are on track for that. We should exceed the 10 percent mark on the topline," he said, adding that on the margin fron they woudl continue to improve.

“We are feeling more bullish about our guidance post September than we were post March. We are pretty confident that we hit those numbers,” he added.

On debt, Rathee said that, “We had guided that we would reduce debt by end of fiscal year by Rs 200 crore and Rs 300 crore and we stick with that.”

For full interview, watch accompanying video...