Pritish Nandy Communications has informed that the company announced its Q4 and year-end results after its board meeting on Friday. The Company which returned to production in Q2 after several quarters were interrupted by pandemic lockdowns, continues to show improved results. Like Q2 and Q3, Q4 showed a strong upward trend in revenue, 245% higher than last year. The year-end results showed an annual growth in revenue of 425%. Losses sharply reduced from Rs 5.70 crore to Rs 34 lakh. Margins continue to be under pressure, said Pritish Nandy, Chairman of the Board, because of a sharp rise in production costs in the post-pandemic period. This includes expenses incurred on safety protocols that continue to be followed during filming in India and overseas and the rise in travel costs. Demand for the Company's content, both series and films, however, continues to be on a steady upward trend.
The above information is a part of company’s filings submitted to BSE.
