Q1FY24 Result … As expected, very good set of numbers from PhantomFX. Growing at a rapid pace compared to its peers and strengthening it’s position in VFX world.
Revenue and PAT increased big on YoY basis and even on a QoQ basis it was a very high growth figures. This justifies the 75-80% growth guidance for FY24.
EBITDA margin is at 38%. It is higher than 33-35% projected earlier …this is good considering they were hiring experienced people at higher rates from the market …hiring interns might give them some more cushion in coming quarters, but they might hace other expenses lined up too
Note, PhantomFX is listed on SME platform, though optional it is still providing results on Quarterly basis (mentioned it explicitly as some people tend to take these things for granted) …hope company will also share quarterly business updates in coming week
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