The shares of Ranbir Kapoor-backed Prime Focus gained over 2% to their day's high of Rs 247.40 on the BSE on Friday after the post-production and visual effects company reported a consolidated net profit of Rs 82 crore for the fourth quarter of FY26, as against a net loss of nearly Rs 231 crore in the same quarter of FY25.
Sequentially, the net profit grew more than 16% from the Rs 71 crore reported in the third quarter of FY26. Profit before tax and exceptional items, however, declined nearly 29% YoY to Rs 88 crore in Q4 FY26 from Rs 123 crore in Q4 FY25.
Revenue from operations, meanwhile, jumped more than 42% year-on-year (YoY) to Rs 1,375 crore during the January-March quarter of FY26, from Rs 967 crore in the corresponding quarter of the previous financial year.
Prime Focus saw its total expenses rise nearly 26% YoY to Rs 1,262 crore during the quarter under review, while total income increased around 20% YoY to Rs 1,350 crore. The company’s earnings per share (EPS) rose to Rs 1.14 in Q4 FY26 from a negative Rs 7.70 in the year-ago period, after exceptional items.
Insolvency plea against Prime Focus
This comes after the Mumbai bench of the National Company Law Tribunal (NCLT) earlier in May orally pronounced admission of an insolvency petition against Prime Focus filed by Reliance Alpha Services under Section 7 of the Insolvency and Bankruptcy Code (IBC). The petition relates to an alleged financial debt of Rs 353.79 crore, including interest.
Prime Focus disputed the claim, saying no amount was ever disbursed under the 2019 loan agreement cited in the petition and argued that the petitioner therefore does not qualify as a “financial creditor” under the IBC. The company said that it has already approached the National Company Law Appellate Tribunal (NCLAT) seeking urgent relief, including a stay on the operation of the order.
Later NCLAT ordered a stay on the order, which was challenged in the Supreme Court. The company announced on Wednesday that the apex court has dismissed the appeal against the stay.
Founded by Namit Malhotra in 1997, Prime Focus has grown into a global leader in visual effects and post-production. Its subsidiary, Double Negative (DNEG), has won multiple Academy Awards for work on films such as TENET, Dune: Part One, and Dune: Part Two, bringing its Oscar tally to eight.
The group is also producing Ramayana, a two-part adaptation directed by Nitesh Tiwari and backed by Namit Malhotra. The film, starring Ranbir Kapoor, Yash and Sai Pallavi, is being positioned as one of the most ambitious and expensive Indian film projects to date.
Prime Focus share price
Prime Focus shares have delivered 116% returns over one year. The stock has however fallen around 24% in one month and 1% in one week to close at Rs 239.85 apiece on NSE on Wednesday. In the longer term, the shares of the company have gained 162% in three years and 287% in five years.
The company has a market capitalisation of more than Rs 18,639 crore. The stock has been in focus in recent months after reports of actor Ranbir Kapoor investing between Rs 15–20 crore in Prime Focus Studio through a preferential issue of shares.
The company had earlier approved the issuance of over 46 crore shares, with Kapoor among the proposed allottees aiming to acquire about 12.5 lakh shares, although independent verification of the final allotment has not yet been confirmed.
