Phantom Digital Effects Reports Robust Financial Growth for FY24

Phantom Digital Effects Reports Robust Financial Growth for FY24
Phantom Digital Effects Reports Robust Financial Growth for FY24
Phantom Digital Effects Reports Robust Financial Growth for FY24
Phantom Digital Effects Reports Robust Financial Growth for FY24

Phantom Digital Effects Reports Robust Financial Growth for FY24

Phantom Digital Effects Reports Robust Financial Growth for FY24

Phantom Digital Effects Reports Robust Financial Growth for FY24

Key Highlights:

  1. Phantom Digital Effects sees 53.96% YoY growth in total income for FY24.
  2. H2 FY24 EBITDA soars by 87.29%, reflecting strong operational performance.
  3. Strategic acquisition of Tippett Studio boosts future revenue prospects.

Phantom Digital Effects Limited (NSE: PHANTOMFX), a leading creative visual effects (VFX) studio, announced its audited financial results for H2 FY24 and the full fiscal year. The company reported significant growth across key financial metrics.

FY24 Financial Highlights:

  • Total Income: Rs 90.43 crore, marking a year-on-year (YoY) growth of 53.96%.
  • EBITDA: Rs 39.03 crore, with a YoY growth of 66.22% and an EBITDA margin of 43.15%, up by 318 basis points (Bps).
  • Net Profit: Rs 24.11 crore, reflecting a YoY growth of 48.89% and a net profit margin of 26.67%.
  • Earnings Per Share (EPS): Rs 26.90, showing a YoY increase of 68.44%.

H2 FY24 Financial Highlights:

  • Total Income: Rs 49.20 crore, growing by 52.46%.
  • EBITDA: Rs 23.16 crore, up by 87.29%, with an EBITDA margin of 47.08%, an increase of 876 Bps.
  • Net Profit: Rs 13.72 crore, rising by 68.08%, with a net profit margin of 27.88%.
  • EPS: Rs 21.58, up by 168.07%.

Mr. Bejoy Arputharaj, Director of Phantom Digital Effects, credited the company’s strong performance to strategic decisions and team dedication. Despite challenges like actors’ and writers’ strikes, the company’s strategic expansion within the Indian market proved successful. The acquisition of Tippett Studio, known for its work on iconic films like Jurassic Park and Star Wars, was highlighted as a major milestone. This acquisition, made below intrinsic value, is expected to boost revenues by 20-25% in FY24-25, with industry veteran Phil Tippett joining PhantomFX.

Looking ahead, Phantom Digital Effects aims to expand into animation and gaming sectors, focusing on growth in American and European markets. The company is also prioritizing AI collaboration for efficiency and innovation, seeking partnerships with industry leaders and startups, and exploring new revenue streams such as IP licensing and original content creation. With strategically located global offices, Phantom Digital Effects is well-positioned for future growth and innovation.

(References from PNN’S press release)

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