{"id":22135,"date":"2023-11-02T13:26:16","date_gmt":"2023-11-02T07:56:16","guid":{"rendered":"https:\/\/pinkcitynow.com\/index.php\/2023\/11\/02\/basilic-fly-studio-soars-with-inr-19-cr-net-profit-in-h1-fy24\/"},"modified":"2023-11-02T13:26:16","modified_gmt":"2023-11-02T07:56:16","slug":"basilic-fly-studio-soars-with-inr-19-cr-net-profit-in-h1-fy24","status":"publish","type":"post","link":"https:\/\/pinkcitynow.com\/index.php\/2023\/11\/02\/basilic-fly-studio-soars-with-inr-19-cr-net-profit-in-h1-fy24\/","title":{"rendered":"Basilic Fly Studio Soars with INR 19 Cr Net Profit in H1 FY24"},"content":{"rendered":"<div>\n<p><strong>New Delhi (India), November 2<\/strong>: Basilic Fly Studio\u00a0Limited.\u00a0(NSE \u2013\u00a0BASILIC)\u00a0one of the\u00a0leading visual effects (VFX) studio\u00a0in India,\u00a0<a><\/a>announced\u00a0its\u00a0unaudited Financial Results for\u00a0H1\u00a0FY24.<\/p>\n<p><a><\/a>H1 FY24\u00a0Key\u00a0Financials at a Glance:<\/p>\n<p>\u2022\u00a0Total Income reported of \u20b952 crore\u00a0<\/p>\n<p>\u2022\u00a0EBITDA of \u20b9 24.05 crore<\/p>\n<p>\u2022\u00a0EBITDA Margin of 46.31 %<\/p>\n<p>\u2022\u00a0Net profit of \u20b9 18.88 crore<\/p>\n<p>\u2022\u00a0Net Profit Margin of 36.37 %\u00a0<\/p>\n<p>\u2022\u00a0EPS Of \u20b9 21.19<\/p>\n<p>Commenting on the performance, Mr.\u00a0Balakrishnan,\u00a0Managing Director\u00a0&amp; CEO\u00a0of\u00a0Basilic Fly Studio Limited\u00a0said,\u00a0\u201cH1 of FY24 has been\u00a0truly been a remarkable and eventful period for us. Notably, we successfully secured a listing on the SME Platform of the NSE through an IPO that broke records. Alongside this incredible milestone, our financial performance has seen significant and noteworthy improvements.<\/p>\n<p>During H1 FY24, we achieved a remarkable Net Profit of\u00a0\u20b918.88 Cr, which accounts for an impressive 68% of our entire FY23 annual net profit. This outstanding result not only demonstrates our remarkable capabilities but also reinforces the strong reputation we have earned in our industry.<\/p>\n<p>Furthermore, in response to the growing demand for our services and the\u00a0favorable\u00a0industry conditions, we have expanded our team significantly. We\u2019ve also strategically brought in several industry veterans to occupy key senior positions, which we believe will drive our future growth. Additionally, the funds we raised from the IPO will empower us to expand our presence by establishing new studios not only in India but also in other key markets across\u00a0North\u00a0America, Europe, and Asia.<\/p>\n<p>Given our outstanding H1 performance, the favorable industry conditions, the proceeds from our IPO, our dedicated team, and our robust project pipeline, we hold a highly optimistic outlook for H2 FY24 and the subsequent years.\u201d<\/p>\n<p>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi (India), November 2: Basilic Fly Studio\u00a0Limited.\u00a0(NSE \u2013\u00a0BASILIC)\u00a0one of the\u00a0leading visual effects (VFX) studio\u00a0in India,\u00a0announced\u00a0its\u00a0unaudited Financial Results for\u00a0H1\u00a0FY24. H1 FY24\u00a0Key\u00a0Financials at a Glance: \u2022\u00a0Total Income reported of \u20b952 crore\u00a0 \u2022\u00a0EBITDA of \u20b9 24.05 crore \u2022\u00a0EBITDA Margin of 46.31 % \u2022\u00a0Net profit of \u20b9 18.88 crore \u2022\u00a0Net Profit Margin of 36.37 %\u00a0 \u2022\u00a0EPS Of \u20b9&#8230;<\/p>\n","protected":false},"author":1,"featured_media":22136,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[636],"class_list":["post-22135","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/pinkcitynow.com\/index.php\/wp-json\/wp\/v2\/posts\/22135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pinkcitynow.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pinkcitynow.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pinkcitynow.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pinkcitynow.com\/index.php\/wp-json\/wp\/v2\/comments?post=22135"}],"version-history":[{"count":0,"href":"https:\/\/pinkcitynow.com\/index.php\/wp-json\/wp\/v2\/posts\/22135\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pinkcitynow.com\/index.php\/wp-json\/wp\/v2\/media\/22136"}],"wp:attachment":[{"href":"https:\/\/pinkcitynow.com\/index.php\/wp-json\/wp\/v2\/media?parent=22135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pinkcitynow.com\/index.php\/wp-json\/wp\/v2\/categories?post=22135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pinkcitynow.com\/index.php\/wp-json\/wp\/v2\/tags?post=22135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}