iWorld

ALT Balaji revenue up five-fold: Balaji Telefilms board recommends final dividend

ALT Balaji had revenue of Rs 41.6 crore and Rs 6.8 crore in FY 2019 and FY 2018 respectively

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2019/05/23/altbalaji.jpg?itok=uPLy-wAo

BENGALURU: The Ektaa Kapoor-led Balaji Telefilms Ltd (BTL) reported more than five-fold (512.4 percent increase) growth in standalone operating revenue from its OTT platform ALT Balaji (Digital segment)  for the year ended 31 March 2019 (FY 2019, year under review) as compared to the previous fiscal (FY 2018, previous year). The company also reported more than sixteen-fold increase for its OTT platform’s subscriber base for the fiscal under review as compared to the previous year. The company says in an investor financial presentation that in less than two years, ALT Balaji is a frontrunner in the OTT domain. BTL says that ALT Balaji is #3 grossing video on demand service in India - based on App Annie data for grossing within the entertainment category across iOS and Google between April 2018 and March 2019.

BTL reported revenue of Rs 41.87 crore for Alt Balaji for FY 2019 as compared to Rs 6.84 crore in FY 2018. ALT Balaji achieved subscriber base of 2.01 crore (20.1 million, 201 lakh) at the end of the year under review as compared to 0.12 crore (1.2 million, 12 lakh) in FY 2018. However, the segment incurred an operating loss of Rs 120.81 crore as compared to an operating loss of Rs 104.84 crore in FY 2018 and hence affected BTL’s consolidated bottomline to the extent that the company reported a consolidated loss of Rs 105.11 crore. Considering the fact that the segment is still at a nascent phase, such losses can be expected in the initial stages.

BTL’s  largest business – its Television and Movie production business – (BTL standalone) had a 5.7 percent growth in operating revenue for FY 2019 at Rs 440.30 crore as compared to Rs 416.59 crore in FY 2018. Operating profit EBITDA for the year under review declined by 3.6 times to Rs 14.7 crore as compared to Rs 53.1 crore in the previous year. PAT for FY 2019 increased 23.3 percent to Rs 20.12 crore as compared to Rs 16.30 crore in the previous year. Two movies were released in the year and the EBITDA before special items from movies was Rs 5.4 crore. BTL informs that FY 2019 was impacted by Rs 9.05 crore provision for penalty on taxes which was adjusted with advance tax paid by it as a matter of abundant caution. The BTL board of directors have recommended a payment of final dividend of Rs 0.40 per equity share of face value Rs 2 subject to the approval of the shareholders at the ensuing annual general meeting.

BTL says that there was a 14 percent improvement in the revenues per hour of programming in the TV business – FY 2019 at Rs 0.38 crore per hour versus Rs 0.33 crore per hour in FY2018. Total programming hours in FY 2019 were 763 as compared to 819 in FY 2018. However revenue from programming increased to Rs 287.3 crore as compared to Rs 270.6 crore in the previous year.  Gross margin from programming declined to Rs 60.3 crore (21 percent) in FY 2019 from Rs 80.3 crore (29.7 percent) in FY 2018

Three segments across five entities contribute to BTL’s consolidated numbers. On a consolidated basis, BTL reported 3.5 percent increase in total income from operations at Rs 427.71 crore in FY 2019 as compared to Rs 413.32 crore in FY 2018. The company had an operating loss (negative EBITDA) of Rs 105.11 crore in FY 2019 as compared to an operating loss of Rs 51.78 crore in FY 2018. As mentioned above, a big contributor to the loss was ALT Balaji. The company reported a consolidated loss of Rs 97.75 crore for the year under review as compared to a consolidated loss of Rs 46.33 crore in FY 2018.

Let us look at the segment numbers reported by BTL

The three segments that contribute to BTL numbers are (a) Commissioned programmes (CP) (b) Films and (c) Digital.

BTL’s reported 6.1 percent growth in operating revenue in FY 2019 for its CP segment at Rs 344.02 crore as compared to Rs 324.21 crore. CP segment’s operating EBITDA was almost flat (declined by 0.9 percent) in FY 2019 to Rs 49.09 crore from Rs 49.51 crore in the previous fiscal.

Films segment revenue declined 8.5 percent to Rs 102.27 crore in FY 2019 as compared to Rs 111.72 crore in the previous year. The segment’s operating result declined by 49.2 percent during the period under review to Rs 8.26 crore from Rs 16.26 crore in the previous year.

Digital segment or ALT Balaji revenues and results have been mentioned above.

Let us look at the other consolidated numbers reported by the company

Total income for FY 2019 increased 6.3 percent to Rs 459.48 crore from Rs 432.34 crore in the previous year. Total Expenditure for FY 2019 increased 14.1 percent to Rs 550.90 crore from Rs 482.86 crore in FY 2018. Cost of production, acquisition and telecast fees increased 32.8 percent to Rs 400.45 crore from Rs 301.46 crore. Marketing and distribution expense in FY 2019 declined 21.9 percent to Rs 43.12 crore as compared to Rs 55.19 crore in the previous fiscal. Employee benefits expense for FY 2019 increased 59.1 percent to Rs 49.57 crore from Rs 31.14 crore in FY 2018. Other expenses in the period under review increased 14.1 percent to Rs 64.16 crore from Rs 55.03 crore in FY 2019.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/08/03/mi.jpg?itok=3EfSdH0L
Microsoft in talks with ByteDance to acquire TikTok in the US

NEW DELHI: Tech giant Microsoft yesterday confirmed that it has held talks with Chinese technology company ByteDance to acquire its social app TikTok in the US. Microsoft said in a statement that it will keep working with the US government on a deal and intends to conclude talks by 15 September....

iWorld Social Media
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/08/02/xxxuncens.jpg?itok=RpAHfj33
Defence ministry says armed forces-themed movies, shows need its NoC

MUMBAI: Censorship by any external regulatory body is something streamers and viewers in India are averse to. But there is at least in one area where they might have to yield to clipping scissors: how they depict the defence and armed forces in their shows and films. The Indian ministry of defence...

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/08/01/mob.jpg?itok=WL1sndwg
Facebook introduces official music videos in India

Facebook today introduced official music videos on the platform and launched a new Music destination on Facebook Watch in India, to allow people to view their favorite music videos and come together through music.

iWorld Social Media
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/08/01/Facebook-800.jpg?itok=y1KxLpe_
Facebook celebrates the power of people coming together to support one another in the next phase of its consumer marketing campaign for India

India, August 01, 2020: Facebook today launched the next phase of its consumer marketing campaign in India – ‘More Together’, to showcase how people across the country can do more together by harnessing the power of their connections on the platform – even more so in the current situation The...

iWorld Social Media
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/08/01/Sukesh%20Motwani.jpg?itok=MxtLtyVI
Sukesh Motwani on creating 'The Gone Game' during the pandemic

MUMBAI: Voot's upcoming series The Gone Game explores how the spread of Covid2019, besides its health ramifications, has taken an emotional toll on people's lives. The series is produced by Bodhi Tree Multimedia co-founder Sukesh Motwani, Mautik Tolia and creative producer Persis Siganporia. The...

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/08/01/YouTube.jpg?itok=ZXLJLscR
YouTube's ad revenue growth slows down in Q2, subscription revenue sees good growth

KOLKATA: In the pandemic-hit period, Google-owned YouTube’s advertising revenue declined in the Q2 of 2020 compared to the previous quarter. It has raked $3.81 billion for the quarter up from $3.60 billion in the year-ago period but lower than $4.04 billion in Q1. 

iWorld Social Media
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/08/01/MX%20Takatak.jpg?itok=K6N_xy2F
Newly launched MX TakaTak hosts popular 1 mn+ digital influencers

KOLKATA: The Indian youth has taken the world by storm, showcasing their myriad talents to both India and the world, with the emerging medium of short video. To support this new wave of innovation, MX Player’s short video app MX TakaTak has emerged as the new destination for content creators,...

iWorld Social Media
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/07/31/mi.jpg?itok=7q-R9Hc-
Mainstream TV is offering "Balcony Ticket" with Pay and Watch possibilities – THE FIRST OTT PLATFORM TO OFFER PAY PER VIEW MODEL.

Mainstream TV OTT was launched when the world of Malayalam movie goers barely had any options to watch and enjoy movies. Our first Direct to Digital Premier Musical Chair had an immense reception across Malayalam speaking audiences, especially at gulf countries and the number of viewers from Angola...

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/07/31/jio.jpg?itok=fP5rmGXv
Jio topline almost triples as op rev climbs in Q1-20

Mukesh Dhirubhai Ambani’s largest start-up in the world Reliance Jio Infocomm Ltd (Jio Infocomm) saw standalone operating revenue climb 33.7 percent to Rs 16,557 crore for the quarter ended 30 June 2020.

iWorld Over The Top Services

Sign up for our Newsletter

subscribe for latest stories

* indicates required