• Balaji Telefilms Q3 net slips 8% to Rs 11 mn

    Submitted by ITV Production on Jan 24, 2012
    indiantelevision.com Team

    MUMBAI: Balaji Telefilms has reported an eight per cent fall in its net profit for the quarter ended 31 December compared to the earlier year.

    The production company, which currently has three shows on top Hindi general entertainment channels, has posted a net profit of Rs 11.2 million for the third quarter, as against a net profit of Rs 12.1 million in the earlier year.

    However, the performance is much better when compared to a net loss of Rs 7 million the company had registered in the trailing quarter.

    The production major witnessed a 15 per cent dip in income from operations to Rs 330.2 million in the quarter under review compared to Rs 390.4 million a year ago.

    Balaji Telefilms has shows like Bade Acche Lagte Hain (Sony Entertainment), Parichay (Colors) and Pavitra Rishta (Zee TV).

    The company reported an Ebitda loss of Rs 18.8 million for the quarter under review, compared to an operating loss of Rs 4.3 million a year ago. The other income of Rs 51.2 million helped the company to be in black.

    Balaji Telefilms? realisation per hour from commissioned programming increased to Rs 2 million in the quarter, compared to Rs 1.85 million a year ago. However, in the trailing quarter, it was at Rs 2.1 million. The realisation per hour from sponsored programming was at Rs 330,000 in the quarter, compared to Rs 480,000 in the Q2 FY?11.

    Commissioned programming remained flat at 120 hours in Q3, compared to Q2 FY?11, while sponsored programmes reduced to 94.5 hours in Q3, compared to 99 hours in Q2.

    The company?s total investments as of 31 December stood at Rs 2.57 billion, including Rs 300 million in wholly owned subsidiary Balaji Motion Pictures Ltd (BMPL).

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    Balaji Telefilms
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