The 42nd Filmfare Awards South Ceremony honouring the winners of the best of South Indian cinema in 1994 is an event held on 23 September 1995 was an event held at the Kamaraj Hall, Madras.

• M M Ramachandran (Best Film Malayalam) Received Award from Kasturi
• Mullapalli Brahmanandan (Best Film Telugu) Received Award from Edida Nageswara Rao
• Khushbu Receives Bharathi Raja Award (Best Film Tamil) from Sonali Bendre
• Rajendra Singh Babu (Best Director Kannada) Received Award from P V Sarvanan
• Hariharan (Best Director Malayalam) Received Award from Parthiban
• S.V. Krishna Reddy (Best Director Telugu) Received Award from R. B. Choudary
• Shankar (Best Director Tamil) Received Award from Nagma
• Hamsalekha (Best Music Director Kannada) Received Award from Vineeth
• Bombay Ravi (Best Music Director Malayalam) Received Award from Neelam
• A. R. Rahman (Best Music Director Tamil) Received Award from Urmila Matondkar
• Shruthi (Best Actress Kannada) Received Award from Priya Raman
• Shobhana (Best Actress Malayalam) Received Award from Prabhu Deva
• Aamani (Best Actress Telugu) Received Award from Sivakumar and Tisca Chopra
• Revathy (Best Actress Tamil) Received Award from Shilpa Shetty
• Vishnuvardhan (Best Actor Kannada) Received Award from Urvashi
• Mohanlal (Best Actor Malayalam) Received Award from Mammootty
• Rajshekar (Best Actor Telugu) Received Award from Khushbu
• R. Sarathkumar (Best Actor Tamil) Received Award from Manisha Koirala
• K. Balachander (Lifetime Achievement Award) Received Award from Kamal Haasan
• B. Saroja Devi (Lifetime Achievement Award) Received Award from Gemini Ganesan
• K. Viswanath (Lifetime Achievement Award) Received Award from Mani Ratnam
• Hrishikesh Mukherjee (Lifetime Achievement Award) Received Award from Shekhar Kapoor
• Soumitra Chatterjee (Lifetime Achievement Award) Received Award from Nana Patekar
• Madhu (Lifetime Achievement Award) Received Award from Suhasini