Expects a 10-15 percent growth in revenues and EBITDA growth of 25-30 percent for the fiscal year 2017-18, said Vikas Rathee, Group CFO, Prime Focus.
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.
The company has already taken significant efforts on the reduction of duplication on the personnel expenses side.
Prime Focus Technologies (PFT) subsidiary of Prime Focus, the visual entertainment services provider has signed a definitive agreement to acquire DAX.