Monday, April 15, 2024
News

Phantom Digital Effects Limited Reports Remarkable 103 per cent Surge in Q3 FY24 EBITDA

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Business | February 16, 2024 3:53:19 PM IST
PNN

Mumbai (Maharashtra) [India], February 16: Phantom Digital Effects Limited (NSE: PHANTOMFX), a creative visual effects (VFX) studio, announced its Unaudited Financial Results for 9M & Q3 FY24.

Comment on Financial Performance Bejoy Arputharaj, Director, Phantom Digital Effects Limited said, "We are elated by the exceptional performance witnessed in Q3 FY24, a testament to the dedication and talent of our team, alongside the trust and confidence bestowed upon us by our esteemed clients. Our growth trajectory owes itself to several key factors. The synergy of our in-house tools and software, coupled with the unwavering efficiency of our technical team, played a pivotal role in realizing our ambitious projects within remarkably short timelines. During the quarter, we achieved a significant milestone with the successful completion of QIP, a moment of pride for us. The trust shown by a select group of global funds inspires us to redouble our efforts. The funds raised through QIP will facilitate the expansion of our future endeavours, propelling the company to new heights. January marked a historic milestone for us with the resounding success of "Ayalaan," a groundbreaking sci-fi phenomenon. garnering widespread acclaim for its captivating narrative and unparalleled visual effects from critics and audiences. We are thrilled to welcome top-tier talent like James Abadi to our business development team, strengthening our presence and extending our operations into Europe. Furthermore, in the US, we are capitalizing on promising business opportunities and are currently in the process of acquiring multiple Oscar, Emmy and BAFTA award-winning studio to an extent of 3 Mn USD. This strategic move solidifies our position as a global leader in the VFX industry. With the culmination of these factors, we foresee a very positive conclusion to FY24 and anticipate the continuation of our growth trajectory beyond."

(ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Navigating Options: How to Find the Righ...
BMW Joytown wraps up on a high note with...
Top Altcoins to Buy: BlockDAG's Blockcha...
Elshaddai World Records Festival 2024' S...
India rubbishes Lancet report, says spen...
Aranthangi's Elshaddai School Students A...
More...
 
INDIA WORLD ASIA
Nehru gifted Coco Islands, part of North...
PM Modi greets people on seventh day of ...
Lok Sabha elections 2024: Uttarakhand to...
Delhi court sends BRS Leader K Kavitha t...
Andhra: After dumping TDP for YSRCP, two...
Lok Sabha elections: PM Modi to address ...
More...    
 
 Top Stories
Ducab Group amplifies international... 
ALP Polymer Park emerges as unique ... 
Israel's military chief thanks US m... 
"Congress has a shortage of candida... 
Sephora appoints Xia Ding as Managi... 
US destroyed dozens of drones, six ... 
MP: INDIA bloc extends support to A... 
Huma Qureshi begins shooting for 'G...