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Tag: Balaji Tele

  • Balaji Tele Q3 numbers take a hit – net slips 16%

    Balaji Tele Q3 numbers take a hit – net slips 16%

    MUMBAI: Balaji Telefilms is in the red. The numbers for the production house have come in and they are not good. The company’s net profits for the third quarter ended 31 December 2003 have slipped 15.97 per cent at Rs 146.8 million vis-a-vis Rs 174.7 million for the corresponding previous fiscal.

    Total income has gone down from Rs 527.4 million in the Q3 2002 to Rs 448.4 million in the quarter ended 31 December 2003.

    Net Sales or Operational Income for the company stands at Rs 440.79 million. While commissioned programming accounts for Rs 377.01 million of the net operational income, sponsored programming brought in Rs 63.78 million for the production house.

    The company has stated an earnings per share (EPS) of Rs 2.80 in its declared results.

    Balaji Telefilms president – corporate affairs & company secretary Ajay Patadia has resigned with effect from 23 January 2004 and has been appointed as additional director (non-executive). One of the promoters Tusshar Kapoor has also been appointed as a non-executive additional director of the Company, the company informed the National Stock Exchange.

    Other appointments include that of Alpa Shah who has been appointed as the company secretary. The company also informed the NSE that director Raj Bhotra has vacated his office as director with effect from 23 January 2004, in terms of clause (g) of sub-section (1) of Section 283 of the Companies Act, 1956.

    The Balaji Telefilms stock gained 2.8 per cent on Friday 23 January to close at Rs 97.45. Over 0.12 million shares were traded on the counter on Friday.

    Note: The results declared are unaudited, non-cumulative, non-consolidated third quarter financial results.

  • Balaji Tele Q2 net Rs 142 million, down 6.9%

    MUMBAI: Balaji Telefilms Ltd has posted a net profit of Rs 142.34 million for the quarter ended 30 September, 2003, down 6.89 per cent as compared to Rs 152.88 million for the quarter ended 30 September, 2002.
    Total income decreased from Rs 489.88 million in the second quarter of ’02 to Rs 435.16 million in the quarter ended 30 September, 2003.
    bseindia.com reports that Balaji’s Board of Directors (BoD) has recommended an interim dividend of Rs two per share (100 per cent on equity share of paid up value of Rs 2) for the half year ended 30 September, 2003.
    Commenting on the results, Shobha Kapoor, CEO and MD of Balaji is reported to have said, “During the quarter, our balanced business model ensured that our revenues are sustained even in a temporary tough phase of business, where launch of some of our commissioned programmes was delayed. The investments in infrastructure and systems have led to a substantial savings in the cost of operations thereby further improving the company’s margins.”
    She said, “In the coming months, after having consolidated our operations and systems, we will be launching new shows across various channels. We are confident that our value proposition to our viewers and customers will take Balaji Telefilms to newer heights.”

  • Balaji Tele Q2 net profit surges 131%

    Balaji Tele Q2 net profit surges 131%

    MUMBAI: Soap factory Balaji Telefilms’ second quarter net profit has surged 130.8 per cent to Rs 152.88 million from Rs 66.24 million in the corresponding quarter last year.

    Total income has increased from Rs 241.48 million to Rs 489.88 million.

    The company board declared an interim dividend of Rs 1.50 per share (75% on an equity share of par value of Rs 2), Balaji said in a statement issued today.

    The company’s net sales or income from operations stood at Rs 489.6 million as against Rs 236.2 million in the Q2 of 2001, the statement said.

    For the first half year ended 30 September, net profit stood at Rs 279.7 million as against Rs 115.6 million in the same period of the previous year and net sales were at Rs 887.3 million over Rs 472.7 million in H1 of 2001.

    Earnings per share rose from Rs 6.43 to Rs 14.84, an increase of 130.80 per cent, realisation per hour was up from Rs 680,000 to Rs 1.14 mn, an increase of 67.65 per cent, operating profit margins from 39.91 per cent to 50.92 per cent, while net profit margins increased from 28.04 per cent to 31.22 per cent, the statement said.

    Commenting on the company’s performance, Shobha Kapoor managing director and CEO was quoted as saying: “I would attribute this quarter’s stellar performance to the team work and quality of content produced by us. Our efforts to de-risk and scale up the business model have started delivering results even in a tough business environment. We are continuing our investments in infrastructure and building robust systems within the organization to further consolidate Balaji’s position in the industry.”

    Among the operational highlights the company listed were:

    * The fresh programming hours increase from 344.50 hrs to 429.50 hours, an increase of 24.67 per cent.

    * The share of commissioned programming in the revenues has gone up from 68 per cent to 90 per cent.

    * Increased focus on commissioned and regional segment of business.

    * Rates of serials on Star Plus revised upwards.

    * Weekend Program Kya Haadsa Kya Haqeeqat launched during the quarter on Sony TV sustained on TRP charts, creating a new weekend slot despite strong competition from other channels.

    * Balaji’s programming continues to dominate 16 of the top 20 programmes in Hindi cable & satellite channels.

  • Markets plunge nearly 3%, media stocks hammered

    Markets plunge nearly 3%, media stocks hammered

    The post-budget blues of India’s stock exchanges continued today with Mumbai Stock exchange’s Sensex breaching the 3800-mark as banks entered the fray to sell the shares given to them as collaterals against loans. The last hour saw panic selling in tech and media counters that took the Sensex to a four-month low of 3762.

     

    This is the third major fall since last Monday. Last Thursday also saw a plunge on fears of a payments crisis in the Calcutta and Ahmedabad stock exchanges.

     

    Media stocks were hammered drastically till the end of the day wherein Hinduja TMT (down 14%), SaReGaMa (down 11%), Sri Adhikari, Jain Studios (both down 13%), GV Films, Cinevista, ETC Networks, Padmalaya Tele, Balaji Tele, Pritish Nandy Communication, Creative Eye hit the 8% lower circuit. There was heavy selling pressure in TV 18 counters and the scrip finally closed at Rs140, down Rs5 (earlier up 10%). However, Tips was the only major gainer among the media stocks.

     

    Zee Telefilms, clocked the top volumes on BSE and NSE at 10 million and 14.9 million shares respectively.

     

    After remaining in the positive for most part of the trading session, Zee drifted into the negative territory. The scrip ended at Rs 114, down 2.44 per cent.

     

    The Sensex lost 182 points from the intra-day high of 3931 and finally closed at 3768, down by 114 points (2.9%).

     

    In an effort to curb volatility, the SEBI had imposed additional margins on net outstanding to 25% from 10%. As a result, the total volumes on BSE and NSE have declined sharply to 84 million and 105 million shares respectively compared to their normal volumes.

     

    The NSE Nifty Index closed at 1197.95, down by 56.80 points (-4.5%) and the CSE Index closed at 125.23, down by 4.2 points (-3.2%).

     

    And with no immediate relief expected at the NASDAQ tech-laded index, it seems that the worst is still to come.