Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

ALTBalaji direct subscriptions up 42% year on year

Posted On: 2021-06-18 14:27:15 (Time Zone: UTC)


Balaji Telefilms announced its financial results for the fourth quarter and full year ended 31st March 2021.

ALTBalaji continues to drive the OTT habit for mass India creating consistent hits. The Company sold 4.7m subscriptions during the year and currently has an active subscriber base of over 2.3m. The Company continues to drive deeper audience engagement by creating memorable content that is targeted at mass India. The platform has over 83 shows and offers unmatched content diversity.

TV business has returned to more normal levels as daily show production hours picks up. During the quarter the Company produced 223 hours of content. 7 shows were on air during the quarter across prime time slots. 4 new additional shows have been signed and should commence shortly.

Movie business resumed production and the Company made good progress with film shooting. The Company continues to wait for availability for theatrical launch windows and looking at deals across direct to digital as well. Tightly control investments in movies and continue to pursue pre sales and co-production deals where feasible.

Mrs. Shobha Kapoor, Managing Director, Balaji Telefilms Limited said, "ALTBalaji continues to drive subscription growth and we added 4.7m subscriptions during the year, the highest since our launch 4 years ago. We have also done strategic content sharing deals with two large OTT players to drive creative synergies. We will continue to see strong subscriber additions with over 40 shows greenlit. After the initial setback in the first half of FY21 our TV business has shown good recovery in terms of production hours and we hope to maintain this momentum. In the movie business, production for some of the exciting projects are at various stages of completion we are closely monitoring the availability for theatrical releases as well and direct to digital launches. Overall, the business has performed well in very challenging conditions and I am confident we will build from the base created."

OPERATIONAL and FINANCIAL HIGHLIGHTS

- ALTBalaji total subscriptions sold for the year at 4.7m vs 3.4m in FY20, direct subscription revenues at Rs 54cr vis Rs 37cr

- Current active subscriber base at 2.3m* and 83* shows live on the platform

- TV business returned to normal in Q4 with 223 hours of production across 8 shows and strong pipeline for the year

- Total hours for the year at 584 hours vs 823 in FY20 though realisation rates remain low given broadcast uncertainties

- 2 movies sold to digital platforms in the year as theatres remain closed - Current pipeline include 5 exciting projects

- Overall financial performance for the year impacted by COVID-19 impact on TV and Movie business

- Group revenues at Rs 293.7cr of which ALTBalaji contributed Rs 61cr

- Group EBITDA loss at Rs 104cr and Loss after tax at Rs 118.9cr

- The Board has considered and approved a dividend of 10% (Rs 0.20 per share) subject to shareholder approval

- Very strong focus on maintaining liquidity and balance sheet strength through the year with current cash and cash equivalent balance at Rs 144 cr

Shares of BALAJI TELEFILMS LTD. was last trading in BSE at Rs.67.5 as compared to the previous close of Rs. 66.9. The total number of shares traded during the day was 90298 in over 1219 trades.

The stock hit an intraday high of Rs. 68.75 and intraday low of 65.45. The net turnover during the day was Rs. 6061978.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com


Other Headlines:

ICRA Ltd assigns rating to Edelweiss Financial Services Limited

Majesco to build a Proptech Ecosystem, to acquire 51% stake in K2V2 Technologies Pvt Ltd

Transcorp International returns to Cash Profits - remains bullish on outward remittance and PPI Payments Systems business

Dynamatic Technologies Ltd concludes sale of foundry business

Veer Global Infraconstruction Limited acquires land in Vasai, Palgarh

Kirloskar Industries Limited's arm approves revised plan for its land parcel at Kothrud, Pune

Aurionpro Solutions Ltd posts Q1FY22 consolidated PAT of Rs. 14.21 crore

CyberTech Systems and Software Limited Q1FY22 consolidated net profit at Rs. 3.94 crore

Reliance Industries Ltd Q1FY22 consolidated net profit declines to Rs. 12273 crores

Symphony Ltd Q1FY22 consolidated PAT at Rs. 6 crore

Artson Engineering Ltd reports net profit of Rs. 55.53 lakhs in Q1FY22

Dynamatic Technologies Ltd Q1FY22 consolidated PAT at Rs. 2.52 crore

Majesco Ltd Q1FY22 loss at Rs. 2.41 crore

Sat Industries Ltd Board recommends Dividend of Rs. 0.10

Navkar Corporation Ltd board approves expansion plan

N R Agarwal Industries Limited's ratings reaffirmed, rated amount enhanced

SAT Industries Ltd updates on investment plan of Sah Polymers Ltd

JSW Steel Limited to acquire stake in JSW Paints

Wipro Recognized as 2021 Microsoft Modernizing Applications Partner of the Year

NTPC commissions 2nd unit of 800 MW Darlipali Super Thermal Power project

Ambuja Cements Ltd Q2CY21 consolidated PAT at Rs. 876.71 crores

United Spirits Ltd Q1FY22 consolidated net profit down QoQ to Rs. 50.3 crores

Seshasayee Paper & Boards Ltd Q1FY22 consolidated PAT declines QoQ to Rs. 19.86 crores

Fineotex Chemical Ltd reports consolidated PAT of Rs. 9.47 crore in Q1FY22

SAT Industries Ltd posts consolidated Q1FY22 PAT of Rs. 7.69 crore

YES Bank Ltd Q1FY22 consolidated at Rs. 203.76 crores

SBI Card and Payment Services Ltd posts Rs. 304.61 crores PAT in 1QFY22

ABB Power Products and Systems India Ltd Q2CY21 net profit at Rs. 16.30 crore

Panacea Biotec Ltd posts consolidated loss of Rs. 57.35 crore in Q1FY22

Jubilant Pharmova Ltd Q1FY22 consolidated net profit drops QoQ to Rs. 160.49 crores

Cigniti Technologies Ltd Q1FY22 consolidated PAT declines to Rs. 20.42 crores

JSW Steel Ltd reports consolidated net profit of Rs. 5900 crores in Q1FY22

Chemcrux Enterprises Ltd Board recommends 2:1 Bonus Issue

Dr. Agarwals Eye Hospital Ltd Q1FY22 loss at Rs. 72.32 lakhs

SKF India Ltd Q1FY22 net profit drops QoQ to Rs. 79.12 crore

Standard Industries Ltd reports profit in Q1FY22

ICRA-assigned Credit Rating for Rs. 429.02 crore Bank Facilities of Indoco Remedies Limited

Crompton Greaves Consumer Electricals Ltd posts Rs. 94.76 crore consolidated PAT in Q1FY22

Prime Securities Ltd Q1FY22 consolidated PAT up at Rs. 4.29 crore

ATUL Ltd Q1FY22 consolidated net profit at Rs. 165.94 crores

Pranavaditya Spinning Mills Ltd Q1FY22 loss at Rs. 29.63 lakhs

The Federal Bank Ltd Q1FY22 consolidated PAT at Rs. 355.56 crores

Wendt India Ltd Q1FY22 consolidated PAT at Rs. 6 crore

Marksans Pharma Ltd board approves preferential issue of warrants at Rs. 74

Intense Technologies Ltd. appoints Siba Brata Dash as Sr. Vice President - Strategic Growth Initiatives

DJ Mediaprint and Logistics Ltd bags order from SBI

Andhra Paper Ltd plans annual maintenance outage of plant at Rajahmundry

Happiest Minds Technologies is among Asia's Top 100 Great Places to Work 2021

Cyient develops Urban Forestry Land in Hyderabad

Adani Transmission's entity Adani Electricity Mumbai is First in India's Energy Sector to Issue Sustainability Linked Bonds


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020