Television

Balaji Telefilms reports operating profit for third quarter

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2017/02/14/ekta-kapoor%20%281%29.jpg?itok=A2BgaWqM

BENBALURU: After a few consecutive quarters during which the Ekta Kapoor run Balaji Telefilms Limited (Balaji Telefilms) reported consolidated operating losses, the company is showing signs of return to profitability. Balaji Telefilms reported operating profit of Rs 2.8 crore for the quarter ended 31 December 2016 (Q3-17, current quarter). In the current fiscal, the company had reported consolidated operating losses of Rs 26.2 crore and Rs 3 crore for the Q2-17 and Q1-17 respectively. In Q3-16, the company had reported an operating profit of Rs 18.05 crore (as per its older accounting practise – since 1 April 2016, the company has adopted IND-AS).

The company reported increase in programming hours for the current quarter due to higher number of serials – 10 in the current quarter as against 9 in the immediate trailing quarter Q2-17. In Q3-17, Balaji Telefilms reported 262 hours of programming as against 231 hours in Q2-17. Though the company reported 294 hours of programming in Q3-16, its net realisation per hour for the current quarter is much higher at Rs 31.9 lakh as compared to Rs 24.2 lakh in the corresponding year ago quarter and Rs 26.3 lakh in the immediate trailing quarter. Revenue from Balaji Telefilm’s Commissioned Programs segment in Q3-17 was Rs 83.74 crore, while for Q2-16 it was Rs 72.01 crore.

Further, though year-over-year (y-o-y) gross margin per hour has declined in the current quarter to Rs 7.10 lakh from Rs 8.7 lakh in Q3-16, it is higher than the Rs 6.8 lakh in Q4-16; Rs 5.2 lakh in Q1-17 and Rs 6.4 lakh in the immediate trailing quarter.

The company had no film releases in the current quarter as compared to four in the immediate trailing quarter during which the company says that it incurred significant losses due to piracy.

Balaji Telefilms reported a consolidated loss of Rs 1.78 crore in Q3-17, as compared to Profit after tax (PAT) of Rs 6.63 crore for the corresponding year ago quarter. Loss in the immediate trailing quarter was higher at Rs 28 crore.

The company reported 40.7 percent higher revenue (TIO) in the current quarter at Rs 102.96 crore as compared to Rs 73.15 crore in Q3-16, but 2.5 percent lower than the Rs 105.91 crore in the immediate trailing quarter Q2-17.

On a standalone basis, Balaji Telefilms Limited (BTL) – the television arm reported higher a net profit of Rs 8 crores in the current quarter versus Rs 4.4 crore in the immediate trailing quarter. Standalone revenues for Q3-17 and Q2-17 were Rs 83.9 crore and Rs 61.2 crore respectively.

ALT Digital

Revenue from Balaji Telefilms digital business – ALT- was Nil as the company is getting ready to launch commercial services in early Q4-17. Other Income from ALT was Rs 1.6 crore in Q3-17 versus Rs 3.3 crore in Q2-17.

Balaji Telefilms says that it will continue to add original, exclusive and disruptive content in preparation for launch. It reveals that its content library at launch will have 6 original shows and some curated content totalling over 200 hours of content

It says further that it has entered into marketing and distribution tie ups with leading smartphone OEMs / telco / ISP / eCommerce and payment partners.

Let us look at the other numbers reported by Balaji Telefilms

Revenue from Balaj Telefilms movie business for Q3-17 was Rs 19.2 crore against Rs 43.2 crore in Q2-17. The movie business had an operating loss of Rs 1.7 crore in the current quarter. Operating loss in the immediate trailing quarter was Rs 28 crore. Total amount invested as of 31 September 2016 in movies that are under production was Rs 50.2 crore says the company.

Total Expenditure in the current quarter increased 51.4 percent y-o-y to Rs 103.98 crore (100.3 percent of TIO) as compared to Rs 68.69 crore (87.3 percent of TIO) in Q3-16. Cost of Production/Acquisition and Telecast Fees in Q3-17 was Rs 77.37 crore (74.6 percent of TIO), 13.7 percent more than Rs 68.04 crore (86.5 percent of TIO) in the corresponding year ago quarter.

Employee Benefit Expense in the current quarter increased 35 percent y-o-y to Rs 6.63 crore (6.4 percent of TIO) as compared to Rs 4.92 crore (6.2 percent of TIO).

Note: The unit of currency in this report is the Indian rupee - Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

(a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

(b) 10,000 lakh = 100 crore = 1 arab = 1 billion...

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/19/top.jpg?itok=GTUQCUJG
Business news most benefited genre in Chrome DM week 24

With a growth of 1.24 per cent as compared to last week (23), the business news genre marked the highest opportunity to see (OTS) among all categories in week 24. Zee Business gained the highest OTS with 84.3 per cent in six metros, according to the data compiled by Chrome Data Analytics and Media...

Television TV Channels Viewership
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/19/Deepak-Rajadhyaksha.jpg?itok=64BctKo6
Zee TV to launch the third season of 'India's Best Dramebaaz'

MUMBAI: Locked in a see-saw battle with Colors for top billing in the Hindi GEC space, Zee TV has made its latest move. The Puneet Goenka-led channel's latest offering to the Indian audiences is season three of 'India's Best Dramebaaz'. Having enjoyed a successful run during the first two seasons...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/18/india.jpg?itok=v7SMB1PQ
Sony to soon launch Indian Idol season 10

MUMBAI: Indian Idol, one of Sony’s most acclaimed reality shows, is all set to come back on small screen with its tenth installment. Considering that all its previous seasons have done exceedingly well, there are great expectations this year as well. Sony has released its first promo, captioned #...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/18/ipl.jpg?itok=G15HVAwJ
VIVO IPL: VIVO IPL on Star Sports register highest ever engagement

Revolutionizing the way, the world experiences VIVO IPL, Star India reimagined VIVO IPL in to a six-month fiesta instead of just a two-month tournament. Keeping fans at the heart of the experience, Star India used the confluence of technology, consumer insight, and experience in cricket coverage,...

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/18/abhishek.jpg?itok=KDMML6C5
Abhishek Upadhyay joins &TV as marketing head

Abhishek Upadhyay, who headed marketing for OLX, has been appointed marketing head of &TV, the Hindi language GEC channel of Zee Entertainment Enterprise Limited (ZEEL).

Television TV Channels People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/18/saral.jpg?itok=k0DYsipd
Saral Jeevan adds three new programs to its prime time offering

Saral Jeevan, a Kannada infotainment channel, is launching three shows today. While one of them is season two of Jnanapada (based on folk songs), the other two programs are based on factual content. With a focus on non- fiction programming like history, mythology, travel and insights from Indian...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/18/discovery.jpg?itok=UmdA492J
Discovery joins hands with BYJU’S for quiz show

Discovery Communications India and BYJU’S, the Learning App, has joined hands to launch a school quiz show called the Discovery School Super League.

Television TV Channels Factual & Documentary
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/18/john.jpg?itok=M2fDq-bg
Time Warner to be renamed Warner Media, Turner CEO exits

AT&T announced on Friday, its first full day of owning Time Warner, that the operating businesses in the $85 billion acquisition will be contained in an entity called WarnerMedia. The names of the operating units - HBO, CNN, Warner Bros., TNT, etc. - will stay the same.

Television TV Channels People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/18/mallika.jpg?itok=Ld06iORE
This special musical video follows Bani J tirade against trolls as a part of ‘Trolled’ series on RISE by TLC

After a power packed punch by Bani J to the misogynistic trollers, comedy sensation Mallika Dua is all set to fire back with her quirks and wits and show the internet hate its place. This will be the second short format music video under the ‘TROLLED’ series and will premiere on Rise by TLC, a...

Television TV Channels Factual & Documentary

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories