Television

Balaji Tele net jumps to Rs 574.14m; total income at Rs 1.87b

MUMBAI: Despite the negative sentiment in the market about its performance, Balaji Telefilms has declared spiffing results not only for the last quarter of FY 02-03, but for the entire year too. 

The net profit leapt from 290.15 million in the previous FY to Rs 574.14 million while its Q4 profit also rose to Rs 119.68 million (Rs 89.39 million in the previous corresponding quarter). Q4 total income has increased from Rs 348.71 million in FY 2002 to Rs 459.39 million.

The board of directors has recommended a final dividend of Rs 1.50 per share on par value of Rs 2 per share for the year ended 31 March 2003.

The net sales for the year grew 68-odd per cent to Rs 1859.65 million from Rs 1102.95 million while its other income was halved to Rs 14.91 million (Rs 28.14 million). The total income increased to Rs 1874.57 million (Rs 1131.09 million).

The operating profit has more than doubled to Rs 948.22 million from Rs 456.47 million. Ditto for gross profit which increased to Rs 947.63 million from Rs 456.08 million. The profit before tax has also grown twice to Rs 905.20 million as compared to Rs 445.42 million. The company's reserves position has swelled to Rs 961.40 million as compared to Rs 558.5 million for the corresponding period last year.

The EPS (earning per share) reduced considerbly to Rs 11.14 as compared to Rs 28.16 for the corresponding period last year. The reason: in a bid to expand its investor base it split each Rs 10 face value share into a Rs 2 face value share in July 2002. In the process, it expanded the floating stock in the retail market.

The Balaji scrip ended the day at Rs 56.6 (up 0.35 per cent) on the Bombay Stock Exchange today and at Rs 56.60 on the National Stock Exchange. The 52-week high of the scrip as of today was Rs 579.90 and the scrip began the year around the Rs 80-mark. Since then, it has experienced a steady downward fall.

Balaji Telefilms' TV shows and series have reportedly been losing viewer ratings in recent times, leading to discussions amongst financial analysts on whether the Ekta Kapoor run company has plateaued. Adding grist to that talk is the dislodging of Kyunki Saas Bhi Kabhi Bahu Thi from the number one ratings slot by Des Mein Nikla Hoga Chand, produced by AK Productions, last week

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/16/Network18_800.jpg?itok=GFctpNpK
Network18 reports improved numbers for Q2 FY19

Mukesh Dhirubhai Ambani’s media arm, Network18, reported improved numbers for the quarter ended 30 September 2018 (Q2 2019, quarter under review) as compared to the corresponding year ago quarter Q2 2018). The company reported 9 per cent y-o-y growth in consolidated revenue for Q2 2019 at Rs 1,237...

Television TV Channels GECs
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/16/ZMCL.jpg?itok=Psb5bhY4
ZMCL reports more than quadruple profit for second quarter

The company’s consolidated operating revenue increased 35.5 per cent y-o-y in Q2 2019 at Rs 168.66 crore as compared to Rs 124.51 crore in the year ago quarter. Total income increased 34.7 per cent y-o-y in Q2 2019 to Rs 170.66 crore from Rs 126.71 crore in Q2 2018.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/15/wire.jpg?itok=rcsQVpJx
Eros Now Partners with Celcom; Consolidates Distribution in Malaysia

Eros International Plc (NYSE: EROS) (“Eros”), a leading global company in the Indian film entertainment industry, announced today that Eros Now, its digital over-the-top distribution service

Television TV Channels Music and Youth
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/15/v.jpg?itok=sGu6lo2Z
TV Today Network subsidiary receives IT demand notices

TV Today Network Limited (TVTN) has informed the bourses that its wholly owned non-material subsidiary India Today Online Private Limited (ITOPL) has received separate demand notices from the Income Tax department.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/15/bbc.jpg?itok=qIYwGGq9
BBC Studios India and Mindshare’s I Can You Can wins two Silvers - Best Branded Content and Best Media Strategy at the Emvies 2018

BBC Studios India and Mindshare, India’s largest media agency, announced that it has won two Silvers at EMVIES 2018

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/15/HOP.jpg?itok=lvLK36Q0
NDTV launches India’s first mobile-only portrait live channel

New Delhi Television Ltd (NDTV) has launched India’s first mobile-only vertical live channel with the name NDTV HOP Live. India has nearly 432 million internet users and this number is growing at a rate of 4-8 per cent, according to Deloitte’s Technology, Media and Telecommunication (TMT)...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/15/times.jpg?itok=DGAvKOg1
Movies NOW, Romedy NOW and MNX celebrates this festive season with a special programming line-up

Celebrating the spirit of this festive season, Times Network's English Entertainment channels

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/15/discovery.jpg?itok=6Fa3Bavl
Running Wild with Bear Grylls’ on Discovery channel gets extraordinary traction from advertisers

The premiere of new series Running Wild with Bear Grylls on Discovery and Discovery World HD

Television TV Channels Factual @ Discovery
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/15/colors.jpg?itok=TXA_pJ9H
Woh Talent Hi Kya Jo Kisi Ke Kaam Na Aaye; COLORS Announces the Launch of India’s Got Talent

Don’t let talent go to waste advocates COLORS’ flagship reality show – Maruti Suzuki Arena presents India’s Got Talent powered by Vaseline and Frooti as it returns to wow viewers with some mind-boggling acts in its eighth edition.

Television TV Channels GECs

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories