Report on Shemaroo

Balaji Telefilms commissioned programs, ALT Balaji numbers up in Q1 2019

Commissioned programs revenue was up 33%; ALT Balaji revenue more than double

BENGALURU: The Jitendra Kapoor-Shobha Kapoor-Ektaa Kapoor-led Balaji Telefilms Ltd reported 33.1 percent y-o-y growth in revenue from its Commissioned Programmes (CP) segment for the quarter ended 30 June 2019 (Q1 2020, quarter or period under review) as compared to the corresponding year ago quarter. The company also reported more than doubling (up 113.1 percent) of revenue from its Digital segment (ALT Balaji) in the quarter under review as compared to Q1 2019. Revenue for Balaji Telefilms CP segment for Q1 2020 and Q1 2019 was Rs 93.17 crore and Rs 70.01 crore respectively. Revenue from ALT Balaji was Rs 12.33 crore and Rs 5.78 crore for Q1 2020 and Q2 2019 respectively. The company reported less than one-fortieth operating revenue (down 97.5 percent) for Q1 2020 at Rs 1.67 crore as compared to Rs 68.04 crore from its films segment

Overall, on a consolidated basis, Balaji Telefilms reported 26.7 percent y-o-y decline in operating revenue for Q1 2020 at Rs 90.52 crore from Rs 123.44 crore. The company explained that there were no film releases during Q1 2020, as compared to 1 film that was released in the corresponding quarter of the previous year. Consolidated EBITDA for Q1 2020 was an operating loss of Rs 33.24 crore as compared to an operating loss of 27.98 crore in Q1 2019. The company reported a consolidated loss of Rs 41.54 crore for the quarter under review as compared to a consolidated loss of Rs 27.03 crore in Q1 2019.

The company reported an operating profit (result) of Rs 9.67 crore for Q1 2020 as compared to a loss of Rs 2.12 crore in Q1 2019 from its CP segment. Commissioned programming hours in Q1 2020 increased 15 percent y-o-y to 195.5 from 170.5 in Q1 2019. Revenue from commission programmes increased 21 percent y-o-y to Rs 69.6 crore in Q1 2020 from Rs 57.3 crore in Q1 2019. Net realisation per hour increased 5 percent in Q1 2020 to Rs 0.36 crore from Rs 0.35 crore in Q1 2019.  

For ALT Balaji, the company reported a higher operating loss (result) of Rs 36.83 crore for Q1 2020 as compared to a loss of Rs 28.76 crore for Q1 2019.  The company reported 25.3 million subscribers at the end of Q1 2020 as compared to 3.4 million subscribers at the end of Q1 2019. As on 8 August 2020, Balaji Telefilms claims that it had 27.3 million subscribers. (100 lakhs = 10 million = 1 crore)

For its Films segment, Balaji Telefilms reported an operating loss (result) of Rs 0.10 crore for the quarter under review as compared to an operating profit of Rs 8.91 crore in Q1 2019.

On a standalone basis, Balaji Telefilms operating revenue in Q1 2020 declined 38 percent to Rs 82.85 crore from Rs 133.65 crore in Q1 2019. EBITDA for Q1 2010 was Rs 10.56 crore as compared to an operating loss of Rs 0.88 crore for Q1 2019. The company reported standalone profit after tax of Rs 2.53 crore as compared to a loss of Rs 1.20 crore for Q1 2019.

Balaji Telefilms managing director Shobha Kapoor said, “Operationally this was a good quarter with strong performance across all business and the two deals in our movie and digital business dramatically improves our financial profile going forward and will allow us to pursue our growth ambitions. I also take this opportunity to thank Sunil Lulla our Group CEO who has decided to pursue other opportunities after a brief period with us. Sunil leaves Balaji Telefilms in a very strong position for future growth and the rest of the leadership team will continue to drive the business forward.”

Latest Reads
Covid relief: Sunrisers Hyderabad donates Rs 30 crore

KERALA: Sun TV Network, owners of IPL team Sunrisers Hyderabad, has donated Rs 30 crore towards India's Covid2019 relief efforts. The amount donated by Sun TV will be used to undertake Covid relief works carried out by the central and state governments along with various other non-profits. 

Television TV Channels News Broadcasting
Sun TV Network donates Rs 30 crores towards Covid relief efforts

NEW DELHI: Sun TV Network is donating a sum of Rs 30 crores to provide relief to those affected by the second wave of the Covid2019 pandemic.  The donated amount will be spent on several initiatives currently underway in various states of India including, proceeds to the various programmes...

Television TV Channels Regional
NBA welcomes free vaccination drive for journalists

NEW DELHI: The News Broadcasting Association (NBA), has welcomed the Uttar Pradesh government’s move to organise a Covid vaccination camp exclusively for media personnel in Noida on Monday.  NBA president Rajat Sharma thanked UP chief minister Yogi Adityanath for the initiative.

Television TV Channels Sports
BBC Studios signs Alex Gale to develop non-scripted content

KERALA: BBC Studios International Production has signed a first-look development deal with award-winning documentary maker Alex Gale. The deal will see Gale co-develop premium non-scripted content with BBC Studios local production companies in Australia, India, South Africa, and Germany. These...

Television Production House Post Production
IPL 2021: Advertisers will have to pay only for matches played

KOLKATA: The Indian Premier League (IPL) going into limbo due to the current Covid2019 crisis has thrown up a whole host of problems for the stakeholders involved. With only 29 games played and nearly an equal number of matches still in hand, advertisers who had struck ad deals well in advance or...

Television TV Channels Sports
Zee Biskope drives awareness this Mother’s Day with ‘Tu Chinta Mat Kar Maai’

NEW DELHI: Bonding with Mother is a strong emotional impulse amongst Indians and more so in Bhojpuri milieu where the audience is highly driven by the mother figure be it in entertainment or movies or in devotional space – like Chatthi Maiyya, Saraswati Mata, Santoshi Mata and so on. Mothers are...

Television TV Channels Regional
'Coolie No.1' TV premiere garners over 1 crore impressions: BARC

The world television premiere of Coolie No.1 has received an overwhelming response from TV viewers. According to the BARC data for week 17, the television premiere of the movie garnered a remarkable viewership of over 1.03 crore impressions. 

Television TV Channels Viewership
Rahul Kanwal elevated to executive director, Business Today

India Today Group has elevated Rahul Kanwal to the role of executive director of its business magazine, Business Today. The new business responsibility is in addition to his current role as news director of news channels Aaj Tak and India Today. Apart from leading news gathering operations for the...

Television TV Channels News Broadcasting
Network18 & Viacom18 dole out 100% variable pay to employees

Amid the second wave of the Covid2019 crisis, many organisations are taking initiatives for the well-being of their workforce. Even as several news and media enterprises are slashing salaries or resorting to mass lay-offs, Network18 and Viacom18 has paid all eligible employees the variable portion...

Television TV Channels News Broadcasting

Sign up for our Newsletter

subscribe for latest stories

* indicates required