Prime Focus Reports Q2 Loss, Completes Major Leadership Reshuffle and Preferential Issue

Prime Focus Limited , a global integrated media services powerhouse, has reported a standalone net loss of Rs 183.72 lakhs for the quarter ended September 30, according to its latest financial results. This marks a significant improvement from the loss of Rs 584.88 lakhs in the previous quarter. The company's revenue from operations stood at Rs 710.20 lakhs for the quarter.

Financial Performance

On a consolidated basis, Prime Focus posted a net profit of Rs 408.71 lakhs for the quarter. The company's consolidated revenue from operations reached Rs 104,289.32 lakhs, showing a substantial increase from the previous quarter's Rs 90,768.14 lakhs.

Leadership Changes

The Board of Directors approved significant leadership changes during the quarter:

Mr. Nishant Avinash Fadia resigned as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) due to other professional commitments.
Mr. Vikas Rathee was appointed as the new CFO, bringing over 25 years of experience in corporate finance and investment banking.
Mr. Merzin Darayus Tavaria stepped down as Non-Executive Director.
Ms. Shalini Govil Pai, currently Vice President and General Manager of TV Platforms at Google LLC, was appointed as Additional Non-Executive Independent Director for a term of five years.
Mr. Nishant Avinash Fadia was appointed as an Additional Non-Executive Director, transitioning from his role as CFO.

Preferential Issue and Share Allotment

Prime Focus completed a significant preferential issue during the quarter:

The company issued 46.26 crore equity shares at Rs 120 per share, raising Rs 5,552.03 crores.
Of the total consideration, Rs 390.52 crores was received in cash, with the balance settled through a share exchange with a subsidiary.
The allotment was carried out in two tranches on September 17 and September 23.
The cash proceeds have been invested in liquid mutual funds.

Stock Options Exercise

During the quarter, Prime Focus allotted 28.94 lakh fully paid-up equity shares of face value Rs 1 each, pursuant to the exercise of stock options under the PFL ESOP Scheme-2014.

Outlook

While the company faces challenges reflected in its standalone loss, the consolidated profit and increased revenue indicate potential for growth. The leadership changes and capital infusion through the preferential issue may position Prime Focus to navigate the evolving landscape of the media services industry.

Investors and stakeholders will likely watch closely how these strategic moves translate into financial performance in the coming quarters, especially given the company's global presence and the dynamic nature of the media and entertainment sector.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.02%	-1.92%	+2.75%	+73.71%	+33.97%	+356.63%

Prime Focus Limited , a global leader in media services, has announced significant leadership changes along with its financial results for the second quarter and half-year ended September 30, 2025.

Leadership Changes

The company has made several key appointments to strengthen its leadership team:

Ms. Shalini Govil-Pai has been appointed as an Additional Non-Executive Independent Director for a term of five years, subject to shareholder approval. Ms. Govil-Pai brings extensive experience from her current role as Vice President and General Manager of TV Platforms at Google LLC.
Mr. Vikas Rathee has been appointed as the new Chief Financial Officer (CFO). Mr. Rathee, who previously served as CFO from 2014 to 2018, returns to the role with over 25 years of experience in corporate finance and investment banking.
Mr. Nishant Avinash Fadia, who stepped down from his position as CFO, has been appointed as an Additional Non-Executive Director. Mr. Fadia has been with Prime Focus since 2000 and played a crucial role in taking the company public in 2006.

In a related move, Mr. Merzin Darayus Tavaria has resigned from his position as a Non-Executive Director due to other professional commitments.

Financial Performance

For the quarter ended September 30, 2025, Prime Focus Limited reported the following consolidated results:

Particulars	Q2 FY2026	Q2 FY2025	YoY Change
Revenue from operations	104,289.32	88,495.73	17.85%
Total income	107,184.80	102,827.79	4.24%
Profit before tax	579.96	7,509.91	-92.28%
Net Profit	406.47	5,040.65	-91.94%

All figures in Rs. Lakh

The company's revenue from operations showed a significant year-on-year growth of 17.85%. However, net profit decreased by 91.94% compared to the same quarter last year.

For the half-year ended September 30, 2025, the company reported:

Total income of Rs. 221,989.47 Lakh, up from Rs. 187,160.13 Lakh in the previous year
Profit before tax of Rs. 16,991.26 Lakh, compared to a loss of Rs. 5,966.95 Lakh in the previous year

The company's balance sheet as of September 30, 2025, showed total assets of Rs. 964,301.91 Lakh, up from Rs. 852,566.85 Lakh on March 31, 2025.

Prime Focus Limited also completed a preferential issue of equity shares, raising Rs. 39,052.50 Lakh in cash and acquiring additional equity shares of a subsidiary through a share swap.

These leadership changes and financial results reflect Prime Focus Limited's efforts to strengthen its position in the global media services industry and adapt to the evolving technological landscape in content creation and consumption.