Introduction

Basilic Fly Studio is revolutionizing the VFX industry with its innovative visual effects (VFX) solutions. The studio’s global projects and continuous growth in the VFX market are setting new benchmarks in the entertainment industry.

Basilic Fly Studio Ltd, founded in 2016 and headquartered in Chennai, India, has rapidly become a major player in the global VFX industry. With a presence in Canada and the UK, the studio is recognized for its high-quality visual effects work, catering to some of the world’s top studios, including Netflix, Disney, and Sony. This blog delves into Basilic Fly Studio’s recent financial performance, project highlights, and ambitious expansion plans, showcasing why this VFX powerhouse is worth keeping an eye on.

Basilic Fly Studio’s VFX Innovations and Key Global Projects

Basilic Fly Studio (BFS) offers a range of VFX solutions for movies, TV shows, web series, and commercials. Some of their top services include:

• Final Compositing and Rotoscopy
• Camera/Body Tracking and Rotomation
• Object Tracking
• Paint and Preparation
• Previsualization (Previs)
• Computer Graphics
• Onset Supervision

The studio’s exceptional work has contributed to projects like Top Gun – Maverick, The Whale, Spiderman – No Way Home, Ad Astra, and Avengers – Endgame.

Exploring Basilic Fly Studio’s Impact on the VFX Market

Basilic Fly Studio’s recent financials highlight strong growth, driven by their increasing engagement in the VFX industry:

• Total Revenue: ₹105.79 Cr (up 33.75% from ₹79.09 Cr in FY23)
• EBITDA: ₹52.18 Cr (a 34.35% increase from ₹38.84 Cr in FY23)
• Profit Before Tax (PBT): ₹50.61 Cr (up 34.95% from ₹37.50 Cr in FY23)
• Profit After Tax (PAT): ₹36.54 Cr (30.96% growth from ₹27.90 Cr in FY23)
• Earnings Per Share (EPS): ₹17.85, compared to ₹16.32 in FY23, showing a 9.38% increase

This robust financial performance reflects the company’s stronghold in the industry and promising outlook for sustained profitability.

Recent Initiatives and Expansion Plans

Basilic Fly Studio has initiated several strategic growth plans, aiming to solidify its position in the global VFX market:

• Expansion: Plans to open new studios in Hyderabad and Salem and enhance existing facilities in Chennai and Pune.
• Investment in Subsidiaries: A portion of IPO funds is allocated to expand workspace in London.
• CSR Activities: Formed a dedicated CSR Execution Group, with approved expenditures and initiatives for FY 2023-24.

With recent project wins totaling over ₹200 Cr in orders for its foreign subsidiary One of Us, BFS continues to focus on developing high-value projects across North America, Europe, and the Asia-Pacific regions.

Key Projects and Revenue Streams

Basilic Fly Studio generates approximately 88% of its revenue through sub-contract services in collaboration with top production studios worldwide. Their projects include high-profile titles, demonstrating the company’s reliability and ability to deliver exceptional VFX. Notably, BFS secured contracts for video game cinematics and a significant blockbuster sequel, projected to contribute ₹25 million and ₹180 million, respectively.

A Special Event: Unveiling VFX Secrets on November 16th

On November 16th, Basilic Fly Studio, One of Us, and Foundry will host an exclusive event at 10:30 AM to reveal the behind-the-scenes magic of creating spectacular VFX creatures, including the dragon from Damsel. This event is a must-attend for VFX enthusiasts eager to explore the latest in visual effects innovation.

Stock Performance and Investor Insight

Despite its stellar achievements, Basilic Fly Studio’s stock has experienced volatility. Currently priced at ₹393, the stock has shown recovery with a 60% volume increase and strong RSI. The company continues to exhibit resilience, focusing on operational profitability and doubling its market value through consistent performance in the VFX sector.

IPO Details and Fund Allocation

In its recent IPO, Basilic Fly Studio raised ₹66.35 Cr, aiming to invest in infrastructure expansion and corporate purposes. Major fund allocations include:

• Studio Setup in Hyderabad and Salem
• Infrastructure Upgrades in Chennai and Pune
• Workspace Expansion in London

Certified Excellence and Market Reach

Basilic Fly Studio maintains certifications from major studios, including Netflix, Disney, and FOX Studios. In FY23, the company’s geographical revenue split demonstrated significant presence in North America (35%), Europe (44%), Australia & New Zealand (16%), with other regions contributing the remainder.

Conclusion

Basilic Fly Studio Ltd continues to redefine the VFX landscape through cutting-edge projects and substantial growth initiatives. With steady revenue increases, strategic expansion, and a focus on operational efficiency, BFS is positioned for long-term success. For investors and enthusiasts alike, Basilic Fly Studio represents both a creative powerhouse and a promising investment in the burgeoning field of visual effects.

Explore more on their official website and stay updated on their latest projects and announcements.

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Disclaimer: The projections of potential returns are based on current market conditions and company performance. Actual results may vary due to various factors, including market dynamics, economic conditions, and changes in the competitive landscape. Investors should conduct their own research and consult with financial advisors before making investment decisions.

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