Basilic Fly Studio Limited — Updates, 14-11-2024: Press Release

Basilic Fly Studio Limited (BFS) reported a total revenue of ₹77.34 Cr for H1 FY25, compared to ₹35.14 Cr in the same period last year. The EBITDA stood at ₹18.68 Cr with a margin of 24.15%, while net profit reached ₹12.33 Cr, reflecting a net profit margin of 15.94%. The company's management highlighted robust operational resilience and a positive industry outlook following the resolution of recent Hollywood strikes, which is expected to lead to increased project opportunities.

Key developments include BFS's acquisition of a 70% stake in One of Us Limited, a renowned VFX studio, which enhances BFS's creative and operational capabilities. This strategic move will not only improve margins but also facilitate innovation through advanced technologies, including AI integration. With plans for expansion into new markets and sectors, particularly gaming VFX, BFS is well-positioned for sustainable growth. The firm is also optimistic about opening new facilities in India and expanding its international footprint, particularly in Europe and North America.