MUMBAI: K Sera Sera Productions Ltd. has reported a consolidated net profit of Rs 606.35 million for the fiscal year ended March 31 2009, up 53 per cent from Rs 399 million a year ago.

Total income has jumped eight per cent to Rs 1.89 billion, from Rs 1.73 billion in FY'08.

Expenditure stands at Rs 1.56 billion, compared to Rs 1.2 billion a year ago, as cost of operations grew from Rs 1.11 billion to Rs 1.4 billion in FY'09.

The company has announced 10 films in its production pipeline for the year 2009-10 for which it has reportedly given advances of Rs 200 million to leading artists and directors.