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/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/17/greengold.jpg?itok=nKMJWQ6p
Green Gold’s Golden Mumbai launch

MUMBAI: Green Gold Animation is all set to hit the green running with its new offshoot Golden Robot. The Rajiv Chilaka-run animation outfit has been wowing everyone with its deals for animation series with both Netflix and Amazon Prime.  But the occasion this time was the celebration of the launch...

Television Production House Film Production
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/16/Gujarat_elections.jpg?itok=_UNo5uA8
Gujarat elections boost news channel ratings as Republic continues to lead English News

BENGALURU: Rahul Gandhi’s shenanigans and Narendra Modi’s sudden and unexpected belligerence at rallies leading up to the Gujarat state assembly elections have resulted in bolstering sagging news viewership, especially for the English news genre. According to Broadcast Audience Research Council of...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/15/sunny-leoae.jpg?itok=3SZqrF40
Sunny Leone in Discovery JEET’s show Man Vs Wild

Sunny Leone will be displaying her adventurous side as host of the mega-popular survival series Man Vs. Wild. The iconic series will telecast in Hindi on the soon-to-be-launched GEC Discovery JEET. The new GEC will premiere in the second week of February 2018 and the series will feature the...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/15/sm.jpg?itok=gUhILkq8
Times Now appoints Sujeet Mishra as marketing head

Times Network, part of India’s media conglomerate, The Times Group today announced the appointment of Sujeet Mishra as head of marketing, Times Now.

Television TV Channels People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/15/sony-bbc_1.jpg?itok=mQuiQxIO
Experience space with BBC's new VR experience

The BBC is giving you a chance fly. Home - A VR Spacewalk is an interactive virtual reality (VR) experience launched today for the HTC Vive and the Oculus Rift, and is available to download for free via the Steam Store and the Oculus Store.

Television TV Channels Factual & Documentary
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/15/bbc_0.jpg?itok=jTEnctw5
Sony BBC Earth presents the Best of 2017

Sony BBC Earth revisits some of its most popular episodes of the best shows in a special programming line-up titled Best of 2017 starting 18 December 2017, every night at 7 pm and 11 pm.

Television TV Channels Factual & Documentary
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/15/shemaroo.jpg?itok=JLK5kQw2
Increased revenue from traditional media boosts Shemaroo numbers

Integrated media content house Shemaroo Entertainment Limited (Shemaroo) reported 18.3 percent higher year-on-year (y-o-y) consolidated total revenue for the quarter ended 30 September 2017 (Q2 FY 2017-18, the quarter under review) stood at Rs 1,345.7 million as compared with Rs 1,138.6 million in...

Television Production House Film Production
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/15/mur.jpg?itok=Hql64_2L
21st CF spins-off into new live news & sports co Fox

MUMBAI: After the blockbuster acquisition of 21st Century Fox by The Walt Disney Company, the former has announced that it will spinoff into a new brand Fox’ that will seek to replicate its own success in the newly focussed verticals of live news and sports brands. Using fiscal 2017 as a base, the...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/15/uday_0.jpg?itok=t8VAurqw
With Star India, Disney emerges as India's largest M&E firm

MUMBAI: Unlike the US, where the merger of The Walt Disney Co and 21st Century Fox’s entertainment assets is between two near equals, the scenario in India is totally different. 21st Century Fox’s India venture Star India is a $1.7 billion dollar media and entertainment behemoth while Disney India...

Television TV Channels People

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories