Television

Balaji scrip dips; ISec positive of good results

MUMBAI: The board of directors of Balaji Telefilms will meet on 30 January 2003 to consider and approve amongst the other items on the agenda, the unaudited financial results of the company, for the quarter and nine months ended 31 December 2002.

Today, the Balaji scrip fell by 2.5 per cent to touch Rs 81.95 on the BSE with volumes of 22,599. On the NSE, the last traded price was Rs 82.10, down 2.38 per cent with slightly higher volumes of 50,207. Towards the end of the calendar year 2002, the Balaji Telefilms scrip was hovering around the Rs 85.05 mark backed by hefty volumes of 3,27,679 shares traded.

Kohi Apna Sa , the only Balaji Telefilms' daily soap on Zee TV, goes off air from 15 January 2003. Another Balaji show which will make an exit in January is Kutumb on Sony TV. Kutumb is however, being replaced by an even bigger Balaji show in Kahani Terri Merri, the latest "and biggest" serial from the Balaji Telefilms stable, is ready for launch.

An ICICI Securities (ISec) report dated 26 December states that Balaji's programming volumes are likely to improve.

The report mentions that conditional access systems (CAS) is likely to result in an increase in the number of channels. Balaji, being the biggest content providers in the country, is likely to benefit from this opportunity, the report adds.

The ISEC analysts believe that the number of channels, both free-to-air and pay, will increase during the next 2-3 years as the revenue pie for broadcasters increases due to a significant hike in their subscription revenues. The analysts also add that the number of niche channels is also likely to go up, which will require niche programming.

The ISEC report mentions that Balaji Telefilms, being the best and largest content producer in the country, is well placed to capture this new growth potential that will emerge on implementation of CAS.

The ISEC report states that Balaji's sequential growth is likely to continue in Q3FY03. The company is expected to register 7 per cent and 10 per cent QoQ increase in revenue and operating profit respectively, as per the ISEC analysts. The report adds that the cost control initiatives are likely to begin to reflect in this quarter.

The analysts feel that the replacement of its programme on Sony at the same/higher realisations and the success of its weekend programming will be the key triggers for the stock.

Sequential revenue growth of 7 per cent:

The ISEC report states that Balaji will register a revenue growth of 7 per cent QoQ and 73 per cent YoY due to fresh programming on Sahara, weekend programme on Sony and improved revenues from the southern programmes.

Cost control to aid margin improvement:

The ISEC report mentions that the focus on cost is likely to pay off from Q3FY03 onwards. By March 2003, Balaji is expected to shoot all its programmes in its own facilities, saving on high lease rentals. We expect the operating profit to improve 10 per cent QoQ and OPM to go up to 52.7 per cent in Q3FY03 from 51 per cent Q2Y03.

The report states that the earnings were likely to grow 17.5 per cent in FY04E. Balaji's FY03E earnings are not only sustainable, but are also likely to grow 17.5 per cent in FY04E on the back of 89.9 per cent YoY growth in FY03E. The confidence demonstrated by Sony by asking Balaji to provide fresh programming to replace its existing flagging programme corroborates our optimism. Success on weekend programming is likely to take Balaji's growth trajectory to much higher levels.

Stock likely to get re-rated: 

The report states that the alleviation of concerns regarding sustainability of earnings will be a key stock price trigger. ISEC analysts might attempt to re-rate the stock from their earlier rating of Buy at Rs 83 (26 December).

Balaji's 'Kohi Apna Sa' to end run on Zee from 15 Jan

Sony to launch Balaji blockbuster 'Kahani Terri Merri' as 'Kutumb' replacement

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/04/24/tv18-1.jpg?itok=aD_y5UEq
Film business boosts TV18 revenue

Indian news, entertainment and film company TV18 Broadcast Ltd (TV18) reported triple the revenue from its film business for the year ended 31 March 2018 (FY 2017-18, the year under review) as compared with the previous fiscal. Consequently, the company’s consolidated operating revenue increased...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/04/24/zee.jpg?itok=W-kW9MHV
This May, Go Limitless as Zee Studio brings the biggest Hollywood blockbusters to your screens!

Mumbai, May 2018: Zee Studio, the ultimate destination for the best of Hollywood movies, is all set to take its audience on a journey of limitless entertainment, stories and experiences! Through the month of May, the channel brings to its viewers an exceptional library of some of the biggest...

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/04/24/tim.jpg?itok=n0drvv71
The Promaxbda Awards Rolls Out Its Heavy-Duty Line-Up For Its Marketing Workshop And Masterclass Sessions

Mumbai, 24th April 2018: A 360 degree spin at the PromaxBDA India this year guarantees hobnobbing with some of the biggest creative minds of the world. Start with the Marketing Workshop by Bex Schwartz who is the Executive Creative Director and Director at Cause +Effect. Get tips, techniques, and...

Television TV Shows Awards
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/04/24/Prashant-Chothani.jpg?itok=LFYGS-jO
Travelxp to launch in UK on 30 April

MUMBAI: Prashant Chotani-run Travelxp is launching in the UK on 30 April on the country's Freeview platform.

Television TV Channels Factual & Documentary
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/04/24/ashi.jpg?itok=yUHsKlNb
News18.com Brings Ashish Naik OnBoard As The National Sales Head

National, 23 April, 2018: News18.com, India’s leading digital news platform, expands its top management with the addition of Ashish Naik as National Sales Head. He comes with over 17 years of experience in media sales and has formerly worked with organizations such as Tata Infomedia, BCCL,...

Television TV Channels People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/04/24/Shemaroo.jpg?itok=oorBIbjg
Shemaroo Entertainment announces two new appointments

MUMBAI: In an order to strengthen its leadership team, Shemaroo Entertainment has announced two new appointments. Vivek Koka has been appointed as Assistant Vice President for the New Business Development division and Rajesh Kathuria as Assistant Vice President for the IT division. 

Television TV Channels People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/04/24/APOS.jpg?itok=LaDmVv_P
Countdown begins for APOS 2018

BALI: And so it’s time for another Asia Pacific Operators Summit (APOS) in Bali’s now famed Ayana Resort. The team at Singapore-based Media Partners Asia has drawn up another power-packed three days with the main opening Disney-backed reception planned for 24 April evening.

Television TV Channels People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/04/24/Kalanithi_Maran.jpg?itok=vIx1yQuR
Kalanithi Maran, Sun TV: the evolution

MUMBAI: In the late eighties, a scrawny young man returned to India from the US having completed his MBA from the University of Scranton. Kalanithi Maran had lights in his eyes, fascinated as he had become by television in the US during his management freshman and graduation days.

Television TV Channels People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/04/23/SANGEET_0.jpg?itok=BmSSammq
SANGEET BANGLA PROMISES A SUPER WEEKEND WITH ITS SUPER SUNDAY SEGMENT

Kolkata: Sangeet Bangla, the no.1 Bengali Music Channel, predominantly ruling Eastern India, have started a new segment called "SB Super Sunday" from 11th March. The main aim is to give audience a perfect end to their week.  In the first week, it started off with the quintessential combination of...

Television TV Channels Music and Youth

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories