B. A. G. Films reports improved top and bottom lines

BENGALURU: The Anurradha Prasad led B. A. G. Films and Media Limited (BAG Films) reported improved revenue and profit after tax (PAT) for the year ended 31 March 2017 (FY-17, current year or fiscal) as compared to fiscal 2016.

Two of the company’s four segments – Television broadcasting and FM Radio reported increase in operating revenues and operating profits in the current year as compared to the previous year. Its Audio Visual production segment reported lower operating revenue and operating profits, while operating revenue and operating losses of its Leasing segment declined in fiscal 2017 as compared to fiscal 2016.

The company’s income from operations or operating revenue increased 16.6 percent to Rs1,366.84 million in FY-17 to Rs 1,17241 million in the previous year. BAG Films reported PAT of Rs 8.43 million in FY-17 as compared to a loss of Rs 28.94 million in the previous year. Simple EBIDTA excluding other income increased 12.9 percent to Rs 319.34 million (23.4 percent of Operating Revnue) in FY-17 from Rs 282.76 million (24.1 percent of Operating Revenue).

The company’s Total Expenses increased 13.1 percent to Rs 1,177.42 million (86.1 percent of Operating Revenue) in FY-17 from Rs 1,041.15 million (88.8 percent of Operating Revenue). Employee costs increased 4.3 percent in fiscal 2017 to Rs 209.90 million (15.3 percent of Operating Revenue) from Rs 200.35 million (17.1 percent of Operating Revenue) in the previous year. Other expenses increased 14.5 percent in FY-17 to Rs 814.64 million (59.6 percent of Operating Revenue) from Rs 711.52 million (60.7 percent of Operating Revenue) in FY-16. Finance costs increased 7.5 percent to Rs 163.5 million (12 percent of Operating Revenue) in the current year from Rs 152.16 million (13 percent of Operating Revenue) in the previous year.

Segment Numbers

BAG Films Television segment has three channels News 24, E24 and Darshan 24, while its Radio segment, Radio Dhamaal 24 operates 10 FM radio stations in the country.

BAG Films biggest segment is its Television Broadcasting (TV) segment. TV segment’s operating revenue increased 22.9 percent in FY-17 to Rs1,126.05 million from Rs 916.56 million in FY-16. TV segment’s operating profit increased 33.2 percent in FY-17 to Rs 315.34 million from Rs 236.7 million in the previous fiscal.

Audio Visual Production segment revenue for fiscal 2017 declined 20.3 percent to Rs 137.54 million from Rs 172.67 million in the previous fiscal. The segment’s operating revenue declined 42 percent to Rs 52.16 million from Rs 89.88 million in the previous year.

FM Radio segment’s operating revenue increased 25.5 percent to Rs 100.75 million from Rs 80.26 million in the previous year. The segment’s operating profit more than doubled (increased by 2.5 times) to Rs 33.93 million from Rs 13.51 million.

BAG Films Leasing segment revenue declined 14.1 percent in FY-17 to Rs 2.50 million from Rs 2.92 million in FY-16. Leasing segment operating loss reduced in FY-17 to Rs 31.97 million from a loss of Rs 38.38 million in the previous year.

Also Read:

Saluting India's TV women

Latest Reads
It's a dull period for films

No happy news for either the exhibitors or the trade in general, so far. The poor run of films continues and, releasing new films in this dull period, adds to the woes.

Movies Hindi
TV and film exporters' council plans 'content certification', elects Ultra's Agrawal and Shemaroo's Gada

NEW DELHI: The Indian Council of IMPEX for Films and TV Programmers, at its Annual General Meeting, has elected Sushilkumar Agrawal, Ultra Media and Entertainment CEO, as the president.

Movies Hindi
Simran: Ill-defined

Gujarati NRI family or a Gujarati abroad seems to be the current theme for filmmakers. We recently had Jab Harry Met Sejal and this week has seen the release of Simran.

Movies Hindi
Lucknow Central...Script of convenience

Lucknow Central has its inspiration from some foreign films. The titles acknowledge that it was inspired by Healing Hearts –the story is of a band promoted by a jail superintendent at a Lucknow jail with inmates. Whatever the source, the film has a similar storyline to the recently released film...

Movies Hindi
Film entertainment overcame many hurdles, not this time

From the beginning of the Ganesh festival till Diwali, is generally considered a dull period. Even if one discounts the belief that the Shraddha period of 15 days post-Ganesh festival is considered inauspicious for releasing a new film as well as taking up any new venture and so, movie going is the...

Movies Hindi
Mr where the film belongs

A number of not-so-regular filmmakers try their luck at film production. Their intention may be honest but lack of knowledge about how the film industry works as well as what works with moviegoers usually drowns them. Since these newcomers don’t have access to big stars nor would the big stars...

Movies Hindi
Poster Boys: Old-fashioned entertainer

Poster Boys is a remake of the 2014 Marathi film, Poshter Boyz. A comedy, the film also carries a social message for men to go for vasectomy as there was no shame in doing so while also not forcing only women to take that responsibility.

Movies Hindi
Previous releases continue to rule box office as new releases fail

This has been another week of disappointments. Two new releases in Ajay Devgn starrer Baadshaho and Ayushmann Khurrana’s Shubh mangal Saavdhan, have failed to meet the expectations. Though the films opened with poor response, both got the advantage of Saturday being a Bakra Eid holiday.

Movies Hindi
NFDC to manage International Film Festival of India now

MUMBAI: International Film Festival of India (IFFI) will no longer be managed by the Directorate of Film Festivals. The information and broadcasting ministry has reportedly transferred operational responsibilities for IFFI to the National Film Development Corporation (NFDC). IFFI, which is...

Movies Hindi

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories