Balaji Telefilms swings to ₹32.5 crore profit in Q2 FY27

Balaji Telefilms reported strong performance in the second quarter of fiscal year 2026-27. The company reported a consolidated net profit of ₹32.5 crore during July-September 2026, compared to a loss of ₹5 crore in the same quarter last year. Revenue from operations increased to ₹181.1 crore during this period, compared to ₹48.8 crore in the same quarter last year.

According to the company, strong film business, a strong presence in TV shows, and new digital partnerships played a key role in this performance. The company has entered into a long-term creative partnership with Netflix. It is also planning to create five new original shows with YouTube. Through these two partnerships, the company is working to reach a wider audience and create new revenue streams.

Income of more than Rs 181 crore in the second quarter

According to Balaji Telefilms' investor presentation, the company's operating income in Q2 FY27 was ₹181.1 crore, compared to ₹48.8 crore in the same quarter last year. Its profit before tax (PBT) was ₹44.9 crore, compared to a pre-tax loss of ₹6.6 crore in the previous year.

The company's net profit was ₹325 million (approximately $3.25 million). In the second quarter of last year, the company had a loss of ₹50 million (approximately $50 million). Its earnings per share (EPS) for the quarter was ₹2.67.

The company's operating income for the first half of fiscal year 2026-27, April-September 2026, was ₹421.4 crore. During this period, the company reported a PBT of ₹72.9 crore and a net profit of ₹54.9 crore. In the first half of last year, the company had a loss of ₹10.9 crore.

106 crore rupees earned from the film business

Of the company's three core businesses, movies contributed the most. In Q2 FY27, the movie business generated revenue of ₹106.31 crore and the segment recorded a PBT of ₹41.24 crore.

The company said its film "Bhooth Bangla" grossed over ₹240 crore worldwide at the box office. Following this, "Vvan," released in September, also received a good response.

The company has a strong pipeline of films for the foreseeable future. According to an investor presentation, upcoming projects include films like "Ragini 3," "Hero Ki Horoine," "Heer Ranjha," and "Obsessive Lover." The company plans to produce four to six films annually.

Revenue from TV and digital content was Rs 69.69 crore.

The company generated revenue of ₹69.69 crore (₹696.9 million) in the second quarter from its commissioned content business, with a PBT of ₹70.3 million (₹70.3 million).

The company's two flagship shows, 'Kyunki Saas Bhi Kabhi Bahu Thi 2' and 'Naagin 7', topped the TRP charts. The company produced over 85 hours of TV content in the quarter. Its production in the first half was over 187.5 hours.

The company says that the demand for TV content remains stable and its shows are maintaining the interest of the audience.

'Lock Upp' finds a new platform following a long-standing partnership with Netflix

Balaji Telefilms has entered into a long-term creative partnership with Netflix. The partnership will see the two companies create innovative content across a variety of formats and genres. The partnership leverages Balaji's storytelling capabilities and Netflix's global reach.

The company stated that the series "Lock Upp" has already been released on Netflix. Additionally, projects like "Kohinoor Season 1" and "Pact of Silence" are in the pipeline.

The company's presentation also shared statistics regarding the performance of "Lock Upp." According to the presentation, the show generated over 100 million viewing hours and achieved a 95% episode-by-episode audience retention rate. The show ranked in the top 10 in 12 countries and was renewed for a second season within six months.

Agreement with YouTube to produce five original shows

The company has also partnered with YouTube to create five original shows totaling 200 episodes for audiences in India and around the world.

The deal will see Balaji Telefilms retain intellectual property (IP) rights and creative control of the content, while YouTube will help distribute it and monetise it through advertising and brand partnerships.

According to the company, its YouTube channel has over 11 million subscribers. It has added 650,000 new subscribers in the last two to three months. The company is also focusing more on the advertising-based revenue (AVOD) model in its digital business.

New OTT platform Kutingg launched

Balaji Telefilms has also launched a new OTT platform called "Kutingg." It plans to offer short-format content for family viewing. The company also launched the AstroGuide app, which received 250,000 downloads in the first 24 hours.

The company's digital business is now operating both a subscription-based SVOD model and an advertising-based AVOD model. The company has a B2B order book of over ₹350 crore from leading OTT platforms. Its goal is to increase both content reach and revenue in the digital business.

A robust content pipeline for the next 3 to 5 years is ready.

The company, while talking about its future plans, said that between FY 2027 and 2031, it has a pipeline of over 30 films, over 15 TV shows, over 25 OTT series, over 500 micro-dramas and over 10 YouTube shows.

The company will focus on creating diverse content for films, TV, and digital platforms. It is also pursuing a strategy to retain the rights to its content and maximize revenue by leveraging it across multiple platforms.

Balaji Telefilms says it wants to grow as an integrated content studio, combining film, TV, and digital businesses. Partnerships with Netflix and YouTube, new OTT platforms, and a pipeline of films are part of this strategy.