- The company achieved a PAT of Rs 614.72 lakhs, which has grown at a whopping 202% YoY over the same period in 22-23 and a revenue increase of 47% YoY over the same period in 22-23
- Digikore Studios’ IPO received overwhelming investor interest, resulting in a 243-times oversubscription and bids worth Rs 5,411 crores (US$ 650 million)
- Its foray into the world’s first angel investment show on OTT, “Indian Angels,” demonstrates the company’s innovation and growth
Digikore Studios, a Pune-based content production and post-production studio has released its Half-Year Results for the fiscal year 23-24 on November 8, 2023. The company achieved a consolidated Profit After Tax (PAT) of Rs 614.72 lakhs, with half year revenue standing at Rs 24.78 lakhs, reflecting the company’s robust financial health and its ability to deliver strong results.
Digikore’s recent Initial Public Offering (IPO) was a resounding success, attracting 243 times the subscription and bids worth Rs 5,411 crores. The retail segment of the IPO was subscribed 370 times, generating bids worth Rs 3,555 crore. Following its listing, Digikore Studios shares made a remarkable debut, listing with a 58% premium at ₹270 on the NSE SME. As of November 9, 2023, the share price stands at ₹308, indicating sustained strong performance on the exchange.
In terms of financial performance, the company has been consistently growing, with YoY PAT growth at 202% and YoY revenue growth at 47% as compared to HY 22-23. It boasts a remarkable EPS of Rs. 45.70 and PAT margin of 24.80%
Alongside these remarkable growth figures, Digikore Studios has achieved yet another significant milestone. The studio successfully produced the world’s first angel investment show on OTT, “Indian Angels.” Launched on Jio Cinema, “Indian Angels” offers a unique premise that allows viewers to invest in the participating startups alongside six accomplished business leaders.
Digikore Studios, known for its excellence in delivering top-notch VFX services for Streaming, Television, Film, Commercials, and Virtual Productions, stands at the forefront of the Visual Effects industry. Catering to clients across North America, Europe, Australia, and Asia, Digikore Studios boasts a team of skilled VFX professionals and holds the distinction of being security cleared by prominent entertainment giants like TPN, Disney / Marvel, Netflix, Amazon, Apple, Paramount, Warner, and Sony.
