Television

×

Balaji Telefilms TV, film biz report stellar growth; ALTBalaji subscriber base at 13.1 mn

ALTBalaji incurred a loss of Rs 36.4 crore on operating revenue of Rs 8 crore.

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2019/02/13/ALTBalaji_800.jpg?itok=rAIQMqOM

BENGALURU: India’s premier television and digital content creation house Balaji Telefilms Ltd reported stellar performance from its television and film making business (TV business, or standalone) for the quarter ended 31 December 2018 (Q3 2019, quarter, period, under review).

The company has three segments – commissioned programs, films and digital.

Balaji’s TV business commissioned programmes – (number of hours of content creation) grew 11 percent year-on-year (y-o-y) during the quarter under review to 199 hours as compared to 179 hours in the corresponding year ago quarter. Net realisation per hour of commissioned programmes went up to Rs 0.4 crore or by about 21 percent y-o-y in Q3 2019 as compared to Rs 0.33 per hour in Q3 2018.  However gross margin and gross margin percentage have both gone down in Q3 2019 to Rs 0.11 crore and 27.3 percent respectively as compared to Rs 0.13 crore and 37.9 percent respectively in the year ago quarter.

Overall, Balaji Telefilms TV business (or standalone) operating revenue increased 87.4 percent in the period under review to Rs 111.3 crore as compared to Rs 59.4 crore in Q3 2018. TV business profit after tax grew 29 percent y-o-y to Rs 12 crore from Rs 9.3 crore.

Balaji reported Rs 7.93 crore for Q3 2019 for its film segment as compared to Rs 1.85 crore for Q3 2018. The segment had an operating profit of Rs 1.42 crore during the period under review as compared to operating profit of Rs 0.73 crore in Q3 2018.

However, on a consolidated basis, it is Balaji Telefilms digital segment, its OTT platform ALTBalaji that more than wiped off the profits generated by the other segments. ALTBalaji incurred a loss of Rs 36.4 crore on operating revenue of Rs 8 crore during the quarter under review. Comparatively, in the third quarter of the previous fiscal, Balaji Telefilms had reported revenue of Rs 1.1 crore and a loss of Rs 17.8 crore for ALTBalaji. The good news is that ALTBalaji’s sold subscription base has gone up by more than twenty times - from 0.052 crore in Q3 2018 to 1.05 crore at close of December 2018.

Balaji Telefilms managing director Shobha Kapoor said, “We are pleased to announce another strong performance this quarter, highlighted improving margins that has cemented our place as a leader in the Indian media industry. Our in-house content gives us the ability to create strong franchises, nurture new talent and ultimately give consumers the best possible entertainment choices, hence making it a value proposition for our investors and stakeholders.”

Let us look at the other consolidated numbers reported by Balaji Telefilms

Balaji Telefilms consolidated revenue from operations increased 48.8 percent y-o-y in Q3 2019 to Rs 96.33 crore from Rs 64.73 crore. Consolidated total income for the period under review grew 50.8 percent y-o-y to Rs 105.3 crore from Rs 69.85 crore. The company reported a consolidated loss of Rs 27.31 crore in Q3 2019 as compared to profit after tax of Rs 25.82 crore in Q3 2018. Calculated consolidated simple EBITDA for Q3 2019 was an operating loss of Rs 26.18 crore as compared to a consolidated operating loss of Rs 7.5 crore in Q3 2018.

Total expenditure for the quarter under review was 66.1 percent higher y-o-y at Rs 126.92 crore as compared to Rs 76.4 crore in Q3 2018. Cost of production/ acquisition and telecast fees in the quarter at Rs 95.95 crore was 26.6 percent higher y-o-y as compared to Rs 75.77 crore in Q3 2018. Marketing expenses increased 53.5 percent y-o-y in Q3 2019 to Rs 10.74 crore from Rs 7 crore. Employee benefits expense in Q3 2019 increased to more than double – (increased by 107.2 percent) to Rs 14.25 crore from Rs 6.87 crore. Other expenses in Q3 2019 declined 18.7 percent y-o-y to Rs 9.83 crore from Rs 12.08 crore.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/16/COLORS%20Tamil.jpg?itok=lBiR_c8M
COLORS Tamil extends fiction line-up from Monday to Saturda

On popular demand, COLORS Tamil has announced an extension in the telecast of its fiction line-up. Starting 17 August 2019, viewers can now catch their favorite show from Monday to Saturday, offering a perfect start to an entertaining weekend packed with action, drama and more.

Television TV Channels GECs
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/16/RK-Arora.jpg?itok=OgQepPCQ
iTV Network appoints R K Arora as director - strategy and planning

Noida: In an announcement made on Friday by iTV Network, R K Arora joins as director - strategy and planning. Arora has a wealth of leadership experience of around two-and-a-half decades in the news broadcasting, spanning the entire spectrum from strategic vision and planning to execution. He has a...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/16/itv_net.jpg?itok=APVBlEN7
iTV Network gives additional charge to Varun Kohli, strengthens senior management team

MUMBAI: iTV Network on Friday announced strengthening its senior management team with CEO Varun Kohli being handed additional responsibility for print companies. Kohli is currently handling India News, NewsX, digital assets and is providing strategic direction, leading teams and strengthening...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/16/Star%20Sports.jpg?itok=qPNmXLWL
Announcement of Indian men's cricket team coach at 6PM today on Star Sports

Star Sports, India’s leading broadcaster and the ‘Home of Cricket’ to telecast the big and official announcement of the coach of the Indian Men’s Cricket Team today at 6PM on a special programming show ‘Follow the Blues LIVE’ on Star Sports 1 SD/HD. The segment on the show will witness the...

Television TV Channels Sports
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/16/TED%20Talks.jpg?itok=c8e0-tdc
Star India distributes eco-friendly flags on account of India's 73rd Independence Day!

In an encouraging and positive endeavour towards a greener India, Star India has distributed eco-friendly National flags which have been sourced from 21Fools. With a novelty in thought, these flags are made out of waste cotton and are embedded with marigold seeds.

Television TV Channels GECs
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/16/Shemaroo_New_Logo.jpg?itok=Nw_eSngf
Shemaroo Entertainment brings devotees closer to Lalbaugcha Raja

Shemaroo Entertainment Limited, India’s leading content powerhouse, has acquired rights for the live feed of one of the most popular Ganpati Mandals of Maharashtra-“LALBAUGCHA RAJA” for Mobile apps, Internet and DTH platforms.

Television Production House Online Content
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/16/Viacom-18.jpg?itok=7XCv0n7G
This Independence Day, Viacom18 celebrates many facets of freedom for Indians

India’s youngest and fastest growing media and entertainment network, Viacom18 celebrated the country’s 73rd Independence Day with a host of integrated campaigns that celebrated the spirit of today’s India and what independence means to its citizens.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/16/fat.jpg?itok=lCT_SieO
Insight TV Announces Co-Production with VICE Studios for Streetkings in Jail

Insight TV, the world’s leading 4K UHD HDR broadcaster and producer of native UHD content, is announcing details of its gritty new series Streetkings in Jail, a co-production with VICE Studios, the production company from VICE. Featuring 4 x 44 minute episodes, Streetkings in Jail will launch on...

Television Production House Fiction
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/16/lulla.jpg?itok=2evDvEuW
Ex-Balaji Telefilms group CEO Sunil Lulla announces new venture

Former Balaji Telefilms group CEO Sunil Lulla has announced his new venture The Linus Adventures post his exit from the Ekta Kapoor-led company. "The Linus Adventures is about growing businesses, building brands and enabling cultures, engaging with promoters and CXOs, directly in the consumer,...

Television TV Channels People

Sign up for our Newsletter

subscribe for latest stories