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Balaji Telefilms' consolidated revenue stands at Rs 144 cr for Q1; up 23.1% YoY

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Balaji Telefilms' consolidated revenue stands at Rs 144 cr for Q1; up 23.1% YoY

Balaji Telefims reported (consolidated) revenues of Rs 144.6 crore for Q1FY18, reporting a 23.1 per cent growth from Rs 117.4 crore in Q1 FY17 (excluding ALTBalaji). The growth in revenue is attributed to higher revenues from its profit-making television business.

EBITDA for this quarter is Rs 14.8 crore as against Rs 30 lakh in Q1 FY17. The company has mentioned that with the launch of ALTBalaji during the quarter, consolidated losses increased due to increased spends on content and marketing

PAT (consolidated) grew from Rs 20 lakh in Q1 FY17 to Rs 23.4 crore this quarter. For Q1FY18 the PAT, excluding ALT Balaji, is reported to stand at Rs 5.7 crore as against Rs 50 lakh in the same quarter last year.

The standalone revenues stood at Rs 94.3 crore, a sharp rise from Rs 53.6 crore in Q1FY17. This improvement is on the account of increased number of shows at higher realizations and focus on high impact programming.

Its standalone PAT is at Rs 9 crore, up from Rs 5.8 crore in Q1FY17. Current year tax includes a one-time impact of Rs 22 million of tax pertaining to earlier years.

ALTBalaji’s revenues stood at Rs 80 lakh for the first quarter. This is the first quarter since the service was launched. Total amount invested in ALT as of June 30, 2017 stands at Rs 100.2 crore.

Balaji Telefilms’ movie business reported operating revenue of Rs 57.3 crore for the same quarter, reporting a YoY growth of 7.3% from Rs 53.4 crore in Q1FY17.

Tags Balaji Telefilms Q1FY18 ALTBalaji consolidated revenue

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