Panorama Studios International Q1 Results Revenue Drops 87.44% QoQ and 49.91% YoY

Panorama Studios International Q1 Results: In Panorama Studios International’s Q1 financial results, the company faced significant declines across most metrics compared to both the previous quarter and the same quarter last year. The total revenue for June 2024 was ₹35.59 crores, a dramatic drop of 87.44% QoQ (quarter-on-quarter) from ₹58.72 crores in March 2023 and a 49.91% YoY (year-over-year) decrease from ₹71.05 crores in June 2023. This substantial revenue decline reflects a challenging period for the company.

Panorama Studios International’s total operating expenses also saw a sharp decrease of 86.83% QoQ, falling from ₹49.47 crores in the previous quarter to ₹32.06 crores. Year-over-year, operating expenses dropped by 52.08% from ₹66.90 crores in June 2023. Despite this reduction, the operating income plummeted by 91.17% QoQ, from ₹9.25 crores in March 2023 to just ₹3.53 crores. The YoY decrease in operating income was 14.88% compared to ₹4.15 crores in the same quarter last year.

Panorama Studios International’s Net income also fell significantly, decreasing by 86.78% QoQ from ₹6.24 crores to ₹3.65 crores, and 10.17% YoY from ₹4.06 crores. The diluted normalized EPS showed the most dramatic fall, down 97.63% QoQ and 83.99% YoY. Overall, the company’s financial performance has worsened considerably both quarter-on-quarter and year-over-year.

Here's the summary of Panorama Studios International's Q1 results:

Source: Here 

For More Q1 Results check our Twitter Page

Visit our website for more Q1 results 

Panorama Studios International Q1 Results

The Panorama Studios International financial table shows the company's financial performance for different periods. For the quarter ending on June 30, 2024, the company made INR 3,558.89 lakhs from sales and INR 130.12 lakhs from other income, totaling INR 3,689.01 lakhs in revenue. This was lower compared to the same quarter last year, when the revenue was INR 7,195.64 lakhs. For the full year ending March 31, 2024, total revenue was INR 44,422.67 lakhs.

Panorama Studios International’s expenses include operational costs (INR 2,820.20 lakhs), employee benefits (INR 148.45 lakhs), finance costs (INR 162.24 lakhs), depreciation (INR 35.45 lakhs), and other expenses (INR 201.56 lakhs). There was also a share of loss in an LLP of INR 19.34 lakhs. Total expenses for the quarter were INR 3,367.90 lakhs.

Panorama Studios International After deducting expenses from revenue, the company made a profit before tax of INR 321.11 lakhs. Taxes included current tax (INR 149.69 lakhs) and deferred tax (-INR 68.56 lakhs), resulting in a net profit of INR 239.98 lakhs for the quarter. The company’s total comprehensive income, including other factors like certain adjustments, was INR 239.98 lakhs.

Panorama Studios International’s earnings per share for the quarter were INR 2.67 (basic) and INR 2.61 (diluted). The company declared a dividend of INR 1.00 per share, with a total dividend percentage of 10%.

Here's a simplified summary of the financial results you provided:

(Rs. in Lakhs)

Panorama Studios International Stock Performance

Panorama Studios International has a market value of ₹1,232 Crores, which reflects the total worth of all its shares. The current price of each share is ₹180. The highest price in the last period was ₹248, while the lowest was ₹42.5. The Stock P/E ratio, which shows how much investors are willing to pay for each unit of earnings, is 34.9. The Book Value, representing the net asset value per share, is ₹20.2. The company does not pay dividends, indicated by a 0.00% dividend yield. 

Here's the information in table format:

Quarterly Results 

For Panorama Studios International, the financial results for the quarters ending in December 2023, March 2024, and June 2024 show fluctuating performance. In December 2023, the company had sales of 33.15 crores and expenses of 28.36 crores, leading to an operating profit of 4.79 crores. By March 2024, sales jumped significantly to 283.36 crores, with expenses increasing to 243.08 crores, resulting in a strong operating profit of 40.28 crores. 

Here are the detailed financial results for the quarters ending in December 2023, March 2024, and June 2024:

(Figures in Crores)

About Panorama Studios International 

Panorama Studios International is a major player in the global film industry, offering a wide range of services for film and entertainment. Based in India, the studio provides everything needed for filmmaking under one roof. This includes project development, production, post-production, distribution, music, equipment rental, and publicity design. This makes it a one-stop shop for all film-related needs.

What sets Panorama Studios apart is its ability to operate successfully in these six key areas, making it a significant competitor alongside other major studios like Yashraj Studio. Their comprehensive approach means they can handle every stage of a film’s journey, from initial development to final distribution and marketing.

Panorama Studios International’s vision is to become the leading name in the Indian film and entertainment industry. Their mission is to produce and distribute high-quality visual entertainment globally, showcasing Indian talent to audiences around the world. By focusing on these goals, Panorama Studios International aims to enhance the film market and business while promoting Indian culture and talent internationally.