Television

Balaji Telefilms operating profit up; ALT Balaji subs and revenue increase in FY 2020

Consolidated loss down to Rs 59 crore in FY 2020 from Rs 98 crore in FY 2019

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2020/07/25/Balaji-Telefilms.jpg?itok=uidlSNvE

BENGALURU: The most successful television content and film production house in India, the Shobha Kapoor and Ektaa Kapoor-led Balaji Telefilms Ltd (Balaji) reported 34.1 percent growth in consolidated operating revenue at Rs 573.55 crore for the fiscal ended 31 March 2020 (FY 2020, year under review) as compared to the Rs 427.71 crore reported for the previous year (FY 2019). Consolidated operating revenue for the quarter ended 31 March 2020 (Q4 2020, quarter under review) also increased 21.2 percent y-o-y to Rs 107.68 crore from Rs 88.86 crore in Q4 2019. Consolidated loss of FY 2020 declined to Rs 58.96 crore from Rs 97.75 crore in FY 2019. The company reported lower consolidated loss of Rs 19.84 crore in Q4 2020 as compared to 27.97 crore in Q4 2019.

Balaji reported having completed 823 hours of commissioned programmes in FY 2020 as compared to 763 hours in FY 2019. Slightly lower programming hours were completed in Q4 2020 – 198 hours as compared to 200.5 hours in the corresponding year ago quarter. The company had halted all production on 18 March 2020 on account of the COVID2019 pandemic.  The company said that the realisation per hour was lower in FY 2020 at Rs 0.37 crore per hour as compared to Rs 0.38 crore per hour in FY 2019 because of lower number of weekend shows. Realisation per hour in Q4 2020 at Rs 0.39 crore per hour was however higher y-o-y as compared to Rs 0.36 crore per hour in Q4 2019.

On a consolidated basis, the company reported operating profit (Simple EBITDA) of Rs 10.73 crore in FY 2020 as compared to a consolidated operating loss (negative EBITDA) of Rs 105.11 crore in FY 2019. For Q4 2020 also, Balaji reported positive consolidated EBIDTA of Rs 39.58 crore as compared to a consolidated operating loss of Rs 33.24 crore in Q4 2019.

ALT Balaji numbers

Though it has yet to become profitable, Balaji’s OTT platform ALT Balaji operating revenue almost doubled (increased 85.1 percent) to Rs 77.49 crore in FY 2020 as compared to Rs 41.87 crore in FY 2019. The company reported lower operating loss for ALT Balaji at Rs 92.16 crore for FY 2020 as compared to an operating loss of Rs 120.81 crore for FY 2019. Balaji says that direct subscription revenue for ALT Balaji has grown over 100 percent year on year.

ALT Balaji operating revenue increased 61.2 percent y-o-y to Rs 22.18 crore during Q4 2020 as compared to Rs 13.76 crore in Q4 2019. The company reported lower operating loss for ALT Balaji at Rs 14.44 crore for Q4 2020 as compared to an operating loss of Rs 31.75 crore for Q4 2019.

Commissioned programmes

Revenue from the company’s television programming (Commissioned programmes) increased 22.5 percent y-o-y to Rs 421.25 crore in FY 2020 as compared to Rs 344.02 crore in the previous year. Commissioned programmes business operating results increased 369.2 percent during FY 2020 to Rs 83.06 crore as compared to Rs 49.09 crore in the pervious year.

Revenue from the company’s television programming (Commissioned programmes) increased 35.6 percent y-o-y to Rs 110.89 crore in Q4 2020 as compared to Rs 81.80 crore in the corresponding year ago quarter. Commissioned programmes business operating results declined 3.5 percent during Q4 2020 to Rs 19.55 crore as compared to Rs 20.27 crore in the corresponding year ago quarter.

Films segment

Revenue from Balaji’s Films segment increased 69.2 percent in FY 2020 to Rs 172.40 crore from Rs 102.27 crore. Films segment operating results grew more than six-fold (grew 555.2 percent) at Rs 54.14 crore as compared to an operating profit of Rs 8.26 crore in FY 2019.

Revenue from Balaji’s Films segment fell 43.8 percent y-o-y in Q4 2020 to Rs 5.46 crore from Rs 9.72 crore. Films segment operating results was more than three times higher (up 259.4 percent) at Rs 4.49 crore as compared to an operating profit of Rs 1.25 crore in Q4 2019.

Some standalone numbers

Standalone PAT for FY 2020 was 63 percent lower at Rs 21.77 crore as compared to Rs 58.87 crore in FY 2019. Balaji’s Standalone PAT for Q4 2020 and Q4 2019 was Rs 10.43 crore and Rs 2.18 crore respectively.

Balaji’s standalone operating revenue for FY 2020 31 percent higher at Rs 567.63 crore as compared to Rs 438.67 crore in FY 2019. Standalone operating revenue for Q4 2020 and Q4 2019 was Rs 116.06 crore and Rs 82.12 crore respectively.

Company speak

Balaji Telefilms Limited managing director Shobha Kapoor said in the investor release, “This year has been one of the best year for Balaji Telefilms despite the partial impact of COVID-19 towards the end of March 2020. We continue to focus on creating good content and growing our digital platform. We are witnessing huge opportunity within the digital space due to COVID-19 and we are gearing ourselves to exploit this opportunity.”

Let us look at the other numbers reported by Balaji

Consolidated total income for FY 2020 at Rs 582.16 crore was 26.7 percent higher y-o-y as compared to Rs 459.48 crore. Consolidated total expenses for FY 2020 increased 9.7 percent to Rs 604.33 crore from Rs 1550.90 crore.

Consolidated cost of production declined 12.6 percent FY 2020 to Rs 349.89 crore as compared to Rs 400.45 crore in FY 2019. Consolidated marketing and distribution expenses in FY 2020 increased 40.4 percent to Rs 60.56 crore from Rs 43.12 crore in the previous year. Consolidated employee benefits expense in FY 2020 declined 26.5 percent to Rs 36.45 crore from Rs 49.57 crore in FY 2019. Consolidated other expenses in FY 2020 increased 19.1 percent to Rs 76.42 crore from Rs 36.45 crore in FY 2019.

Consolidated total income for Q4 2020 at Rs 106.09 crore was 9 percent higher y-o-y as compared to Rs 97.29 crore. Consolidated total expenses for the quarter under review reduced 5.6 percent y-o-y to Rs 118.74 crore from Rs 125.76 crore.

Consolidated cost of production declined 16.8 percent y-o-y in Q4 2020 to Rs 75.36 crore as compared to Rs 91.83 crore. Consolidated marketing and distribution expenses in Q4 2020 declined 40 percent y-o-y to Rs 5.01 crore from Rs 8.34 crore. Consolidated employee benefits expense in Q4 2020 declined 35.2 percent y-o-y to Rs 8.57 crore from Rs 13.22 crore. Consolidated other expenses in Q4 2020 reduced 27.5 percent y-o-y to Rs 20.17 crore from Rs 27.82 crore.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/20/rajiv_bakshi.jpg?itok=2-T_nX7V
Getting the "big" into Big Synergy

MUMBAI: Leading Indian production house Big Synegry CEO Rajiv Bakshi has seen a lot over the score and more years he has spent in the corporate world.  His exposure has been quite expansive with stints in  TV, internet, media, telecom and consumer durable industries, which allowed him the luxury of...

Television Production House Non-Fiction
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/19/republic-logo.jpg?itok=0WJEBK69
Republic TV set to sue Mumbai police commissioner for defamation

NEW DELHI: Accusations have flown thick and fast between the Mumbai police and its commissioner Param Bir Singh and the Republic Media Network over the past few months. The rancour between the two parties only intensified after the former accused the latter of rigging its viewership ratings by...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/19/star-maa.jpg?itok=LaDfRunW
Star Maa Becomes Top Player in India for Pay Entertainment Channel

Hyderabad: Star Maa has been setting up examples through various programmatic presentations with inspiring stories, audacious reality format, Start stud events and block buster movies. It leads the Prime Time viewership with 42% share showing soaps like Vadinammma, Karthika Deepam, Intinti Gruha...

Television TV Channels Regional
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/19/ddlj.jpg?itok=NtM56DfM
Come, Fall in Love All Over Again as Sony MAX celebrates 25 years of DDLJ

Aditya Chopra's trendsetting romantic cult masterpiece, Dilwale Dulhania Le Jayenge (DDLJ), completes 25 years on October 20, 2020. In a bid to commemorate the timeless movie and offer Indian viewers a slice of Bollywood's golden era, Sony MAX and Sony MAX2 will showcase a special telecast of the...

Television TV Channels Movie Channels
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/19/mrro.jpg?itok=aebOgUCp
TIMES NOW and MIRROR NOW announce special programming line-up for upcoming Bihar Assembly Elections 2020

As the race to power heats up with the Bihar Assembly Elections 2020, Times Network's best in class news channels, TIMES NOW and Mirror NOW announce an unmatched programming line-up, offering viewers the most extensive coverage of the upcoming elections. 

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/19/2.jpg?itok=fLCSnSv9
Elegance Bratton to helm Hellfighters documentary

Five Fifty Five and Rainshine Entertainment announced the production of a new feature documentary Hellfighters, to be directed by marine corps veteran, and Sundance and Tribeca Film Festival alum, Elegance Bratton.

Television Production House Fiction
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/19/banijay.jpg?itok=9nhbTT54
Banijay Brands unveils new licensing deals in Asia

Banijay Brands has announced a range of new licensing agreements Mr Bean, MasterChef and Simon’s Cat in Asia, ahead of the region’s week at the festival of licensing.

Television Production House Fiction
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/19/update.jpg?itok=TwkM-wsz
Bangla channels pin high hopes on Durga Puja

With market sentiments improving over the last few months, brands have started coming up with new and dynamic ways to connect with consumers.

Television TV Channels GECs
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/19/barc.jpg?itok=IpU2TYNO
BARC fires back at Republic for misrepresenting private emails

The TRP rigging tale has developed a new twist with BARC India expressing disappointment over Republic Network’s action in in making public,  private and confidential communications between the agency and the newscaster and misrepresenting the same.

Television TV Channels Viewership

Sign up for our Newsletter

subscribe for latest stories

* indicates required