Phantom Digital Effects Limited — Updates, 27-12-2024: Press Release

Phantom Digital Effects Limited has secured new contracts valued at INR 27 Crore for its projects from October to December 2024. The firm anticipates recognizing ₹20 Crore of this amount as revenue in the second half of Financial Year 2024-25, with the remaining ₹7 Crore contributing to future revenue. This achievement aligns with the company's revenue projections for FY 2024-25, estimated to be between INR 100 Crore and INR 110 Crore.

Managing Director Mr. Bejoy Arputharaj S highlighted that these contracts are a significant milestone and reflect the trust clients place in PhantomFX's capabilities. The company's strategic positioning and commitment to high-quality VFX solutions continue to bolster its growth and market presence. Investors may see positive implications from these developments, as steady revenue recognition is anticipated in upcoming quarters.