Balaji Telefilms Ltd posts 59% growth in operational revenue for Q2 FY20

The company’s EBITDA stands at Rs 30.8 crore, 390% up from Rs 6.3 crore from the same quarter last year

e4m by exchange4media Staff
Updated: Nov 14, 2019 8:23 AM
Balaji TV

Balaji Telefilms Limited has announced its financial results for the second quarter and half year ended September 30, 2019.

The revenue from operations in Q2 FY20 stands at Rs 179.4 crore, up 59% from Rs 113 crore in Q2 FY19. The H1 FY20 revenues stands at Rs 262.2 crore, up 6% from Rs 246.7 crore in H1 FY19.
The Gross Margin in TV production business has improved for 5 consecutive quarters and is at 31.9% in Q2 FY20.

The company’s EBITDA stands at Rs 30.8 crore, 390% up from Rs 6.3 crore from the same quarter last year. The H1 FY20 EBITDA is at Rs 41.4 crore up 665% from Rs 5.4 crore in H1 FY19.

The PAT stands at Rs 15.5 crore against Rs 7.1 crore in Q2 FY19, up 118%. Meanwhile, H1 FY20 PAT is at Rs 18.0 crore compared to Rs 5.9 crore in H1 FY19, up 204%.

Balaji Telefilms TV content production business continues to dominate the ratings and accounts for 17% of the primetime ratings. Balaji Telefilms had 8 shows on air across 4 channels during the quarter, resulting in 210.5 hours of programming.

All rights related to the four movies by Balaji Telefilms for the year have been pre-sold, thereby ensuring a strong profitable performance in the movie business for the full year, a statement released by the company said.

Shobha Kapoor, Managing Director, Balaji Telefilms Limited said, “This quarter we created good, compelling and entertaining content across all our business verticals and this has resulted in a very strong financial performance. Apart from driving the top line, we remain focussed on cost-saving measures that allow us to leverage economies of scale in content production, yielding an improved bottom line. We will continue to focus on growing the business profitably and utilising our existing cash reserves prudently, as we have been doing.”

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