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Balaji's Q2 net profit at Rs 66 million

26-October-2001
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Balaji's Q2 net profit at Rs 66 million

Balaji Telefilms Limited registered a net profit of Rs 66.24 million on net sales of Rs 236.20 million in the results announced for the second quarter ended 30 September 2001.

While cost of production and telecast fees remained at the same level as Q1, staff costs almost doubled to Rs 4.3 million compared to Rs 2.6 million in the last quarter.

The company managed to continue its pace of growth. Though net sales remained at the same level as the last quarter, the bottom line improved as net profit margins have gone up from 20 per cent to 28 per cent.

The other income in the quarter has gone up from Rs 0.28 million to Rs 5.2 million, principally through dividends earned from its investments in bonds and mutual funds. Other expenses have gone up from Rs 8.1 million in Q1 to Rs17.5 million in Q2.

The board has also declared an interim dividend of Rs 2.50 per share (25 per cent on an equity share of par value of Rs 10/-), the payment date being 12 November, 2001.

The figures of the corresponding quarter of the previous year have not been drawn since the listing requirements were not applicable.

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