Balaji Telefilms Q1 profit up at Rs.18.44 Crores

Balaji Telefilms Ltd has announced the following Un-Audited results for the quarter ended June 30, 2007.

The Company has posted a net profit of Rs 184.403 million for the quarter ended June 30, 2007 as compared to Rs 173.770 million for the quarter ended June 30, 2006. Total Income has increased from Rs 756.860 million for the quarter ended June 30, 2006 to Rs 769.687 million for the quarter ended June 30, 2007.

The company has reported an Earnings Per Share (EPS) of Rs.2.83 for the Quarter ending June 30, 2007 compared to Rs.2.66 for Quarter ending June 30, 2006.

The stock closed the day at Rs.246.30, down by Rs.6.35 or 2.51%. The stock hit an intraday high of Rs.256.80 and low of Rs.244.10. The total traded quantity was 99531 compared to 2 week average of 231605.

The Company has entered into a joint venture with Star for launch of channels in regional languages other then Hindi. The Company will acquire 49% equity in the joint venture which Includes the existing star group channel ´Vijay´ for an Initial investment of Approximately Rs 600.00 million.

Source : Equity Bulls

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