Mumbai: Phantom Digital Effects reported a total income of ₹8,829.50 lakhs, a massive 140.91% jump from the same period last year. This corresponded with a rise in its Profit After Tax of Rs. 2,068.55 lakhs, a 149.99% YoY rise from last year, as the company’s efforts to boost operational efficiency bore fruit.
The VFX studio, known for its films, web series and streaming productions, has benefited from a steady flow of projects, both domestically and from leading markets overseas. Its latest acquisition, Milk Visual Effects Limited, has helped it strengthen its presence in Hollywood and Europe’s high-end VFX market, strengthening its numbers.
Besides this, the company’s other acquisitions, Tippett Studios and Hangzhou Huantong Technology Pvt Ltd, has further helped it expand its presence, which it has now consolidated under a new brand umbrella Phantom Media Group (PMG).
The company has worked on leading projects including Kantara 2, War 2 in India and Marvel’s Ironheart, Star Wars: Skeleton Crew (Disney+) and various other international productions. Moving ahead, the company has various projects in the pipeline from leading producers- Netflix, Lucasfilm, Walt Disney and Amazon Studios.
Speaking on the strategic and operational progress made, Mr. Bejoy Arputharaj, Founder & Managing Director, Phantom Digital said:
“As Phantom Digital Effects Limited continues to strengthen its presence across international markets, I am pleased to share our performance for the first half of FY26. This period marks a clear step-change in our financial and strategic trajectory, supported by disciplined execution and an expanding portfolio of high-impact creative mandates.
H1 FY26 delivered a strong uplift across all key performance indicators. Our consolidated Total Income rose to ₹8,829.50 lakhs, reflecting 140.91% year-on-year growth driven by sustained demand across North America, Europe, and APAC. This momentum translated into improved profitability, with EBITDA increasing 75.39% YoY to ₹2,862.27 lakhs and margins expanding to 32.42% on the back of stronger operating leverage. Profit After Tax grew 150% YoY to ₹2,068.55 lakhs, supported by an enhanced project mix and robust delivery across our facilities. Earnings per share reached ₹13.87 advancing 127.75% YoY and signalling our commitment to building consistent long-term value.
Beyond financial progress, this half-year marks an important phase in our strategic evolution. The complete acquisition of Tippett Studio and the successful completion of the Milk VFX acquisition in accordance with the agreed transaction structure, with consideration payable on a deferred basis, significantly elevate our creative depth and give us stronger integration across key global content hubs. These developments form the backbone of our vision to build Phantom Media Group into a unified, innovation-led creative ecosystem with world-class capabilities.
Our geographical reach continues to strengthen with the establishment of Phantom China, opening new avenues in one of the fastest-growing entertainment markets. Additionally, Spectre Post is expanding our relevance among independent and regional creators, enabling us to serve a broader range of production scales and storytelling formats across India, APAC, and emerging markets.
Together, these achievements highlight PhantomFX’s transition into a more diversified, capability-rich, and internationally aligned organisation. As we move ahead, our focus remains on elevating client outcomes, advancing our technological edge, and contributing meaningfully to the evolving landscape of global visual effects.”
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