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.

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