Balaji Telefilms posts Rs 187 crore as Q3 consolidated revenue
The Standalone Business Q3 PAT stands at Rs 29.4 crore with a 145% growth
Balaji Telefilms Limited has posted Q3 Consolidated revenue at Rs 187 crore.
It has recorded EBITDA at Rs 39 crore and PAT at Rs 13.8 crore.
The Standalone Business Q3 PAT stands at Rs 29.4 crore with a growth of 145%.
According to the financial report, Balaji Telefilms TV content production business continues to dominate the ratings and accounts for 15% of the Primetime ratings. Balaji Telefilms had 9 shows on air across 4 channels during the quarter, resulting in 219 hours of programming.
The report further says: “ALTBalaji continues to be a leader in the original Hindi SVOD space with 57 shows. The content alliance with Zee5 has been live for over a quarter and the shows are doing well on both platforms. The alliance allows ALTBalaji to minimize cash burn while developing a profitable and scalable, direct-to-consumer business. ALTBalaji continues to witness strong revenue growth and nearing profitability on standalone basis.”
Shobha Kapoor, Managing Director, Balaji Telefilms Limited said, “This quarter has been one of our best profitable quarter and we continue to focus on creating good content. We will continue to focus on growing the business profitably, investing in high quality content and utilising our existing cash reserves to create profitable growth, as we have been doing.”
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