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“At the beginning of this fiscal year, what we had guided was that we should have about 10 percent topline growth. We are looking pretty good for that. We should exceed the 10 percent on the topline," Vikas Rathee, Group CFO of Prime Focus told CNBC-TV18.
Namit Malhotra, Executive Chairman & Global CEO, Prime Focus said we are delivering on the promises we made in terms of margin expansion and revenue growth across all our businesses.
Vikas Rathee, CFO of Prime Focus says the company is leaving some revenue on the side to focus on profitability and driving cash flows.
Vikas Rathee, Group CFO, Prime Focus is very confident of a very strong topline and bottomline performance in FY16. Revenues for the company are likely to be around Rs 1800-2000 crore in FY16and hopes to achieve EBITDA margins in the range of 20-22 percent.
Prime Focus reported net profit at Rs. 20.29 crore in the quarter ended March 2015 as against net loss of Rs. 7.16 crore during the previous quarter ended March 2014.
Vikas Rathee, group chief financial officer, Prime Focus says the company's depreciation and amortization (D&A) charges were high due to a negative acquisition.
The company has already taken significant efforts on the reduction of duplication on the personnel expenses side.
In an interview with CNBC-TV18‘s Reema Tendulkar and Ekta Batra, Vikas Rathee, Group COO of Prime Focus talks about his Q3 figures and the road map ahead.
The visual entertainment services company Prime Focus recorded a sharp surge in its net profit registered for the year ended on March 2011. The company’s CFO, Nishant Fadia tells CNBC-TV18, that the company has seen a rise in the EBITDA, from 26% to 33%.