Balaji Telefilms scrip rises post 3QFY03 net profits

MUMBAI: The stock markets are bullish about Balaji Telefilms due to the increase in its net profits for the quarter ended 31 December 2002. On the Bombay Stock Exchange (BSE), the Balaji Telefilms scrip opened today at Rs 74.4 and climbed to Rs 76 (up 2.15 per cent) by noon. On the National Stock Exchange (NSE), the scrip climbed to Rs 78.85 (up 1.95 per cent). The volumes traded were 28,714 shares  MD Shobha Kapoor) and 66,134 shares (NSE).

Balaji Telefilms has posted a net profit of Rs 174.75 million for the third quarter ended 31 December 2002, which is 105.28 per cent higher compared to a net profit of Rs 85.10 million in the corresponding period last fiscal.

The net sales for the nine months ended 31 December was Rs 1414.32 million as compared to Rs 774.72 million for the corresponding period last year. The net profit for the nine month period in 2002 was Rs 454.46 million as compared to Rs 200.7 million in 2001.

Total income of the production kingpin has increased by 73.48 per cent from Rs 304.0 million in the December quarter of 2001 to Rs 527.41 million in the quarter under review. EPS 3.39 on a price of Rs 74.40, the PE ratio works out to 21.92.

Commenting on the third quarter performance of the company, Balaji Telefilms CEO and MD Shobha Kapoor said: "Our efforts of producing quality programs have delivered excellent results during the quarter and we continue to vigorously pursue the strategy of delivering high quality entertainment."

"We are now pushing the yardstick further with a spate of investments in the state of the art studios/facilities that will spur future growth and strengthen our leadership. We are also targeting regional/ international markets and have plans to leverage our existing software library. Our endeavor is to take the Indian television programming industry to global heights," added Kapoor.

The revenues from commissioned programmes rose to Rs 433.04 million for the quarter ended 31 December 2002 (as against Rs 230.82 million in 2001) and Rs 1216.13 million for the nine months ended 31 December 2002 (as against Rs 518.62 million).

The revenues from sponsored programmes rose to Rs 93.89 million for the quarter ended 31 December 2002 (as against Rs 71.09 million in 2001) but fell to Rs 198.19 million for the nine months ended 31 December 2002 (as against Rs 256.1 million).

Latest Reads
Essel Group engages Goldman Sachs to sell half its stake in Zee Entertainment

Mumbai: 13th November 2018, Subhash Chandra and family along with its advisors met in Mumbai over the Diwali weekend to undertake a strategic review of its businesses in view of the changing global media landscape. The strategic review underscored the importance of technological advancements such...

Television TV Channels GECs
Neville Bastawalla to take over as marketing head of SPN India sports cluster

Sony Pictures Network (SPN) has made some internal changes and handed the responsibility of heading marketing for the sports cluster to Neville Bastawalla, a source close to the development informed

Television TV Channels Sports
Big Ganga Sets up Safe Changing Rooms for Women During Chhath Puja

Riding on the success of multiple initiatives, ZEE Entertainment Enterprise Limited’s No. 1 Bhojpuri Channel, Big Ganga introduces a much-needed social initiative - ‘Ek Kadam Swabhiman Ki Aor’ on the occasion of one of the most popular festivals of the region, Chhath Puja.

Television TV Channels GECs
Most awaited awards of the year - Nickelodeon Kids Choice Awards 2018 is back, bigger than ever!

It’s time to blow the trumpets and roll out the orange carpet for Nickelodeon Kids Choice Awards 2018.

Television TV Channels Kids
Zee TV leads GEC urban in BARC week 44

Zee TV that was on the fourth position in the previous week climbed to the second position in the Hindi (U+R) genre in Broadcast Audience Research Council (BARC) data for week 44 of 2018.

Television TV Channels Viewership
Anushka Sharma joins hands with Discovery to promote Tiger Conservation Movement

Leading Bollywood actress Anushka Sharma has joined hands with to promote a global awareness movement to save tigers from extinction.

Television TV Channels Factual @ Discovery
Shemaroo Entertainment brings back the Golden Era of Nimmiji

Shemaroo Entertainment’s retro music channel Filmi Gaane launched a compilation of 35 songs of 1950’s veteran actress Nimmi by the name “SUPERHITS OF NIMMI - The Vintage Beauty”.

Television TV Channels Music and Youth
Star India publishes RIO as per TRAI tariff order

After Supreme Court of India gave the verdict in favour of Telecom Regulatory authority of India (TRAI) in the tariff order case.

Television TV Channels GECs and CNBC-TV18 break new ground with launch of educational web series — Mutual Funds Simplified, the premium financial news digital platform, and CNBC-TV18, India’s No. 1 business new channel, will launch a new digital series named “Mutual Funds Simplified” on November 13, 2018.

Television TV Channels News Broadcasting

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories