{"id":32740,"date":"2023-11-10T12:54:35","date_gmt":"2023-11-10T12:54:35","guid":{"rendered":"https:\/\/thedailymetro.in\/index.php\/2023\/11\/10\/digikore-studios-reports-stellar-h1-fy24-results-and-charts-a-transformative-growth-path\/"},"modified":"2023-11-10T12:54:35","modified_gmt":"2023-11-10T12:54:35","slug":"digikore-studios-reports-stellar-h1-fy24-results-and-charts-a-transformative-growth-path","status":"publish","type":"post","link":"https:\/\/thedailymetro.in\/index.php\/2023\/11\/10\/digikore-studios-reports-stellar-h1-fy24-results-and-charts-a-transformative-growth-path\/","title":{"rendered":"Digikore Studios Reports Stellar H1 FY24 Results and Charts a Transformative Growth Path."},"content":{"rendered":"<div>\n<p><strong>Mumbai (Maharashtra) [India], November 10<\/strong>: Digikore Studios Limited.\u00a0(NSE \u2013\u00a0DIGIKORE),\u00a0specialized in delivering Visual Effects (VFX) for a diverse range of projects,<a><\/a> announced\u00a0its\u00a0unaudited Financial Results for\u00a0H1\u00a0FY24.<\/p>\n<p>Key Consolidated Financial Highlights H1 FY24:<\/p>\n<p>\u2022\u00a0Total Revenue of\u00a0\u20b9\u00a024.79 Cr<\/p>\n<p>\u2022\u00a0EBITDA of\u00a0\u20b9\u00a09.31 Cr<\/p>\n<p>\u2022\u00a0EBITDA Margin of 37.56%<\/p>\n<p>\u2022\u00a0PAT of\u00a0\u20b9\u00a06.15 Cr<\/p>\n<p>\u2022\u00a0PAT Margin of 24.80%<\/p>\n<p>\u2022\u00a0EPS Of\u00a0\u20b9\u00a045.70<\/p>\n<p>Key Standalone Financial Highlights H1 FY24:<\/p>\n<p>\u2022\u00a0Total Revenue of\u00a0\u20b9\u00a024.79 Cr<\/p>\n<p>\u2022\u00a0EBITDA of\u00a0\u20b9\u00a09.40\u00a0Cr<\/p>\n<p>\u2022\u00a0EBITDA Margin of 37.94%<\/p>\n<p>\u2022\u00a0PAT of\u00a0\u20b9\u00a06.24\u00a0Cr<\/p>\n<p>\u2022\u00a0PAT Margin of 25.17%<\/p>\n<p>\u2022\u00a0EPS Of\u00a0\u20b9\u00a046.39<\/p>\n<p>Commenting on the performance,\u00a0Mr.\u00a0<a><\/a>Abhishek More,Managing Director\u00a0of\u00a0Digikore Studios Limited\u00a0said,\u00a0\u201cThe first half of FY24 has been marked by remarkable and eventful milestones. We successfully launched our SME IPO and achieved outstanding financial results for this period.<\/p>\n<p>What\u2019s particularly noteworthy is the significant growth we\u2019ve experienced in H1 FY24 compared to the entire fiscal year FY23. Our revenue reached approximately 70% of FY23, EBITDA surged by around 126%, and Net Profit soared to approximately 143%.<\/p>\n<p>One of the major drivers of our growth has been our strategic expansion into content production for both Indian and international OTT networks, which has made a substantial contribution to our revenue and profitability. Additionally, our strategic shift away from North American markets has played a pivotal role in generating higher revenues.<\/p>\n<p>The explosive growth in global OTT consumption continues to drive Digikore Studios\u2019 success, and this growth trajectory is expected to persist over the long term. Furthermore, the resolution of the 146-day strike has opened the door to an influx of new work orders, further enhancing our growth prospects.<\/p>\n<p>In light of these promising developments, we are gearing up for a transformative journey. Our ambitious plans include establishing a robust senior team in North America to strengthen and foster new collaborations.<\/p>\n<p>The strong performance in H1 FY24, driven by forward integration, geographical diversification, and the infusion of funds from our IPO, positions us for even more remarkable growth in the future.\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>Mumbai (Maharashtra) [India], November 10: Digikore Studios Limited.\u00a0(NSE \u2013\u00a0DIGIKORE),\u00a0specialized in delivering Visual Effects (VFX) for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":32741,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[1328],"class_list":["post-32740","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/posts\/32740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/comments?post=32740"}],"version-history":[{"count":0,"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/posts\/32740\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/media\/32741"}],"wp:attachment":[{"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/media?parent=32740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/categories?post=32740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/tags?post=32740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}