Dr. Jimmy Kagathara
Dr. Jimmy Kagathara

@drjimmy2407

6 Tweets Jun 21, 2024
#Phantom #Concall Highlights
#VFX
#Digikore #Basilic #AI
1. Acquired Tippett studios who have worked in Star Wars and Jurassic park like marquee films
2. Target 20-25% minimum revenue growth post consolidation
3. Looking to expand in animation and gaming industry
4. Strike in North America had affected business there but other regions like Europe and India have covered the numbers ( Not totally dependent on North America like peers are #Basilic & #Digikore )
5. Margin of March24 quarter to maintain, can increase if other things go well6
6. Strike recovery is seen from January onwards and new project inflow have started which will be reflected in next quarters
7. Receivable days 90-120 days. Around 20% revenue stuck in receivable of more than 180 days
8. H2 had 40% international business and 60% domestic 9
9. Tipett studios acquired 80% for 3million dollar
10. Mngmnt claims it is below intrinsic value and got at competitive price due to bad market conditions
11. 80-100 employees will be retained in Tippett
12. 650 employee staff in India, to increase to 1000 as new orders flow
13. Revenue from international business to increase. 60% from international and 40% from domestic target in next FY
14. Targeting the international market as it has more margin lucrative
15. 50% growth for next FY ( in starting of concall they guided 20-25% ) and now 50% at end
16. #AI won't affect #VFX industry. With the help of AL we are increasing productivity
17. Plan for next 3-5 years is to acquire other businesses and not totally dependent on VFX. Will enter multiple business from films and diverge risk
#VFX
#Phantom
#Digikore
#Basilic
#SME

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