Balaji quintuples y-o-y PAT for Q2-2014; EBIDTA more than doubles

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Balaji quintuples y-o-y PAT for Q2-2014; EBIDTA more than doubles

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BENGALURU: Balaji Telefilms Limited (BTL), the blue-eyed entity of the Indian media and entertainment industry, reported consolidated PAT of Rs 12.33 crore for Q2-2014, more than quintuple (506 per cent) the Rs 2.43 crore reported for Q2-2013 and  more than triple (342 per cent) of the Rs 3.61 crore for Q1-2014.

 

The improved performance was driven essentially by its motion picture operations. BTL reported EBIDTA for Q2-2014 at Rs 10.95 crore, more than double the Rs 4.63 crore for Q2-2013. BTL’s EBIDTA for Q1-2014 was negative at Rs (-5.02) crore

 

The company’s consolidated revenue from operations for Q2-2014 at Rs 194.16 crore was more than triple (329 per cent) of the Rs 58.96 crore for Q2-2013 and more than double the Rs 84.04 crore for Q1-2014.

 

Let us look at the other figures reported by BTL for Q2-2014

 

BTL has reported revenue from three streams: Balaji Telefilms (Television content production-Balaji); Motion Pictues - Balaji Moption Pictures Limited (BMPL) and BOLT Media Limited (BOLT).

 

Its television content production stream reported revenue of Rs 30.33 crore for Q2-2014, which was 33 per cent higher than the Rs 22.80 crore for Q1-2014. Rs 32.32 crore were spent in Q2-2014 towards cost of production, acquisition and cost of telecast fees, staff cost, depreciation and other expense resulting in loss from operations of Rs (-1.99) crore. Other Income brought in Rs 3.02 crore and hence a PAT of 0.804 crore.

 

BMPL with revenue of Rs 164.05 crore for Q2-2014, which was more than double (2.66 times) the Rs 61.67 crore for Q1-2014. Expense totaling Rs 152.23 crore resulted in a PAT of Rs 11.81 crore.

 

BOLT had revenue of 0.27 crore and total expense of 0.59 crore resulting in a net loss of Rs (-0.32) crore.