Balaji Telefilms third quarter

(Posted on 27 January 11:45 am)

Balaji Telefilms Ltd is developing into a TV production Trojan what with its slate of successful shows on Star Plus and several other channels. Its success graph is headed northward. has registered extremely positive result in the third quarter ending in Dec 2000 with the net profit Rs 34.6 million on the income of RS 178.2 million. The figures of the corresponding quarter of the previous year have not been drawn since the listing requirements were not applicable. When compared with the Last year results FY 2000 and also Half Year 2000 (HY), the performance seems to be pretty good.

Half Year ended in September 2000 saw income of RS 167 million and PAT at RS 30 million. The company manage to attain more than half yearly turnover in the three months period. The Operating Profit Margin was at the same level of 22% with company manage to control Cost of production and telecast fee inspite of more software production. The other cost have also been kept under control which assured the Profit margin.

The Company has repaid all its debts and hence become a debt free company.

During the quarter ended December 31, 2000, the company issued and allotted 28,03,250 equity shares of Rs 10 each for cash at a premium of RS 120 per share, aggregating to Rs. 364.5 million by way of initial public offer. The equity shares of the company have been listed on the Bombay and National Stock Exchange on November 22, 2000. Shareholders are yet to give their nod for the amalgamation of the company with Nine Network Entertainment India Pvt. Ltd. After the merger, the equity share capital of the company will increase to RS 12.903 crore.

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