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Balaji Telefilms Q3 net at Rs 6.6 cr as programming hours widen
MUMBAI: Television and film production company Balaji Telefilms turned profitable in the fiscal third quarter from a period of loss a year ago even as programming hours increased, resulting in higher revenues from commissioned shows.
Commissioned shows grew 6 per cent over the previous year to 294.5 hours in the third quarter, while average realisation per hour rose 17 per cent to Rs 2.42 million.
Balaji Telefilms’ consolidated net profit in the third quarter stood at Rs 6.63 crore (Rs 66.3 million) compared to a loss of Rs 6.96 crore (Rs 69.57 million) a year ago.
Operating profit was at Rs 12.6 crore (Rs 126.01 million) from Rs 6.9 crore (Rs 69.09 million) recorded in the prior year.
Total income from operations stood at Rs 78.65 crore (Rs 786.46 million), up 8.03 per cent from Rs 72.79 crore (Rs 727.9 million) registered in the preceding year.
Expenses dropped 16.06 per cent to Rs 68.67 crore (Rs 686.7 million) from Rs 81.81 crore (Rs 818.1 million) in the earlier year.
TV production biz
Programming jumped to 294.5 hours in the fiscal third quarter from 199 hours in the preceding quarter, as Balaji launched three shows—‘Pyaar Ko Ho Jaane Do’ (on Sony from Monday to Friday – 20 Oct), ‘Yeh Kahan Aa Gaye Hum’ (on &TV from Monday to Friday – 26 Oct) and ‘Naagin’ (a 55-episode finite series of one hour programming on Colors on Saturday and Sunday – 1 Nov).
Revenue from commissioned programmes stood at Rs 71.27 crore (Rs 712.7 million), up from Rs 48.28 crore (Rs 482.8 million) in Q2 and Rs 57.27 crore (Rs 572.7 million) in Q3 of FY15.
Standalone net profit was at Rs 20.66 crore (Rs 206.56 million), up from Rs 3.09 crore (Rs 30.92 million) a year ago.
The company’s EBITDA widened to Rs 18.05 crore (Rs 180.50 million) from Rs 4.25 crore (Rs 42.53 million) in the earlier year.
Revenue from operations grew 26 per cent to Rs 70.03 crore (Rs 720.32 million).
Balaji Motion Pictures
The company’s motion pictures business suffered an operating loss of Rs 3.65 crore (Rs 36.5 million) in the third quarter on a revenue of Rs 1.12 crore (Rs 11.2 million).