Live Post
JD(U) under Nitish decides to become part of NDA, denies split in party
Customs arrests Air India cabin crew for smuggling ganja
Government, RBI in talks to shore up PSU bank capital
Bihar flood toll mounts to 153, 17 districts affected
IndiGo cancels 84 flights over engine issues
Trai gets tough on call drops; slaps penalty of upto Rs 10 lakh
Yogi Adityanath targets 'Yuvraj' Rahul Gandhi: 'Will not permit Gorakhpur to become picnic spot'
Shivraj to lead BJP in 2018 election: Amit Shah

BAG Films’ TV segment profit drops 16%, radio segment turns positive in Q2

MUMBAI: The television segment of BAG Films and Media Ltd, which operates Hindi news channel News24 and Bollywood news and lifestyle channel E24, has seen a 15.8 per cent drop in its profit for the quarter ended 30 September.

Profit from the TV segment was at Rs 5.91 crore (Rs 59.06 million) for the quarter under review, as against Rs 7.02 crore (Rs 70.20 million) in the year-ago period.

This is despite the revenue from the television segment going up by 13.51 per cent to Rs 21.22 crore (Rs 212.24 million), from Rs 18.7 crore (Rs 186.97 million) in the year-ago period.

Radio Segment

BAG Films’ radio segment, which operates Radio Dhamaal in 10 Tier II and III cities, turned positive during the quarter. It posted segment profit of Rs 25.22 lakh (Rs 2.52 million), compared to a loss of Rs 1.71 crore (Rs 12.08 million) in the earlier-year period.

Revenue from the radio segment jumped 75 per cent to Rs 1.76 crore (Rs 17.65 million), as against Rs 1.01 crore (Rs 10.1 million) in the year-ago period.

Production

The audio-visual production segment saw its profit at Rs 1.98 crore (Rs 19.83 million), compared to Rs 1.56 crore (Rs 15.59 million) a year ago.

Revenue from the segment slipped to Rs 9.66 crore (Rs 96.58 million), from Rs 12.81 crore (Rs 128.05 million) in the previous fiscal.

Consolidated Q2 performance

On a consolidated basis, BAG Films’ net loss came down to Rs 2.93 crore (Rs 29.27 million) in Q2FY15. Net loss stood at Rs 4.35 crore (Rs 43.48 million) in the year-ago period.

Total income was marginally up at Rs 32.80 crore (Rs 328.04 million), compared to Rs 32.65 crore (Rs 326.48 million).

Total expense was at Rs 32.26 crore (Rs 322.63 million), down from Rs 33.99 crore (Rs 339.91 million) in the year-ago period.