Net loss of Prime Focus reported to Rs 23.41 crore in the quarter ended March 2021 as against net profit of Rs 12.68 crore during the previous quarter ended March 2020. Sales declined 17.32% to Rs 693.25 crore in the quarter ended March 2021 as against Rs 838.46 crore during the previous quarter ended March 2020.

For the full year,net loss reported to Rs 43.40 crore in the year ended March 2021 as against net loss of Rs 131.48 crore during the previous year ended March 2020. Sales declined 12.39% to Rs 2530.00 crore in the year ended March 2021 as against Rs 2887.67 crore during the previous year ended March 2020.

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Net profit of Prime Focus declined 99.30% to Rs 1.59 crore in the quarter ended March 2021 as against Rs 227.88 crore during the previous quarter ended March 2020. Sales declined 3.69% to Rs 24.80 crore in the quarter ended March 2021 as against Rs 25.75 crore during the previous quarter ended March 2020.

For the full year,net profit declined 83.69% to Rs 27.18 crore in the year ended March 2021 as against Rs 166.68 crore during the previous year ended March 2020. Sales declined 48.71% to Rs 61.36 crore in the year ended March 2021 as against Rs 119.63 crore during the previous year ended March 2020.

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Prime Focus will hold a meeting of the Board of Directors of the Company on 30 June 2021..

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Prime Focus announced that DNEG was recognised at the 93rd Academy Awards last night with the Oscar for 'Best Visual Effects' for its work on 'TENET', directed by long-term collaborator Christopher Nolan.

DNEG's VFX team, led by Overall VFX Supervisor Andrew Jackson and DNEG VFX Supervisor Andrew Lockley, helped to deliver highly-complex sequences to convey the film's concepts of reverse entropy and time inversion, collaborating closely with the special effects team to create a seamless world for the characters to inhabit.

This is the fifth Academy Award win for DNEG in the last seven years, and its sixth win in total; the company has previously been recognised by the Academy for its work on 'First Man', 'Blade Runner 2049', 'Ex Machina', 'Interstellar' and 'Inception'. It follows the team's BAFTA win for 'TENET' earlier this month.

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