Tag: Balaji Telefilms

  • Balaji sets the stage for new stories with launch of Balaji Studio

    Balaji sets the stage for new stories with launch of Balaji Studio

    MUMBAI: When Ektaa R Kapoor says she’s rewriting the rules of entertainment, she means it, quite literally. Balaji Telefilms ltd has announced the launch of Balaji Studio, a bold new creative vertical set to become the next-generation content engine for India’s fast-evolving TV and digital ecosystem.

    But this isn’t just another production wing. Balaji Studio is imagined as an open, collaborative playground for storytellers, a space where creative freedom meets industry structure, and where emerging voices can transform their wildest ideas into mainstream magic.

    As content consumption explodes across platforms and audiences chase new formats and fresher perspectives, Balaji Studio aims to build bridges between the traditional and the experimental, uniting the best of both worlds. It promises to be a future-ready hub that supports creative innovation while ensuring commercial scalability.

    “Balaji Studio is more than a new business vertical, it’s our declaration that the future of Indian entertainment is open to all who dare to dream big and disrupt the norm,” said Balaji Telefilms Ltd founder and joint managing director Ektaa R Kapoor. “We’re tearing up the rulebook and building a home for bold creatives, talent and original voices who will shape the next era of storytelling.”

    In a landscape where attention spans are shrinking and creativity is the new currency, Balaji Studio aims to give creators the backing they need from state-of-the-art production infrastructure to strategic collaborations with technology platforms, brands, and industry stakeholders. The goal is to help content travel further and faster while keeping audiences emotionally invested.

    Adding to this Balaji Telefilms ltd chief revenue officer Nitin Burman said, “Balaji Studio marks a pivotal step in our evolution, it’s where creativity meets commerce. We’re building a space that not only nurtures great ideas but also gives them the scalability and audience reach they deserve.”

    Balaji Studio’s mandate is both creative and cultural to empower storytellers at every stage, from industry veterans to first-time creators. It envisions a space where risk-taking is celebrated, where collaborations thrive, and where content reflects the dynamism of an audience that consumes across languages, screens, and genres.

    With this move, Balaji Telefilms is not just expanding its portfolio, it’s cementing its position as a cultural incubator in India’s entertainment ecosystem. From daily soaps that defined a generation to digital originals that push boundaries, the company’s next act is clearly about scale, substance, and storytelling that resonates across time and technology.

    As Kapoor puts it, Balaji Studio is less about following trends and more about creating them, a modern creative home built for an India that’s hungry for stories, and for storytellers ready to rewrite how they’re told.

  • T-Series appoints Richa Vaidya as deputy gm

    T-Series appoints Richa Vaidya as deputy gm

    MUMBAI: T-Series has appointed Richa Vaidya as deputy general manager, music marketing, strengthening its creative leadership with a proven entertainment strategist.

    Vaidya joins from JioHotstar, where she led award-winning campaigns for original web series, post-theatrical releases and non-fiction shows across television, digital and outdoor platforms.

    A seasoned marketer with more than a decade in the entertainment business, she has previously held key roles at Yash Raj Films, Everymedia Technologies, and Balaji Telefilms, shaping digital and theatrical campaigns for major Hindi cinema releases.

    At T-Series, Vaidya will oversee music marketing and brand strategy, driving engagement across platforms for one of India’s most powerful entertainment brands.

    Her appointment marks a strategic move by T-Series to blend data-driven insights with creative storytelling, reinforcing its position at the forefront of India’s music and entertainment ecosystem.

  • Balaji Telefilms stirs up drama with food and family

    Balaji Telefilms stirs up drama with food and family

    MUMBAI: Get ready to spice up your screen time! Balaji Telefilms is back with its latest Youtube original, Saas Bahu Aur Swaad, premiering October 7, blending family drama with the irresistible aroma of home-cooked nostalgia.

    Set in the vibrant city of Agra, the series follows Indu Rastogi, a devoted homemaker whose cooking keeps the family together, even if her efforts often go unnoticed. Enter Riya, the spirited new bahu with dreams of carving her own identity. What starts as a clash of values soon turns into unexpected companionship when Riya discovers Indu’s hidden culinary talent. Together, they navigate a world where age-old traditions meet modern aspirations, served with laughter, warmth, and plenty of relatable family moments.

    Starring Chahat Pandey and Abhishek Malik in lead roles, the show also features Shaktee Singh, Mahi Sharma, Seema Singh, Kushal Shah, and Shreya Acharya. It promises a perfect festive-season watch that is light-hearted yet emotional, nostalgic yet fresh.

    Balaji Telefilms Digital group chief revenue officer Nitin Burman said, “This series celebrates women, families, and the everyday magic that happens around the dining table. Audiences will join the Rastogi family for a story filled with warmth, humour, and flavour.”

    Chahat Pandey added, “Riya’s journey celebrates every woman who dares to dream big. The mix of humour, heartfelt moments, and food makes the show so relatable, and I can’t wait for viewers to laugh, cry, and cheer along with us.”

    Abhishek Malik, playing Karan, reflected, “Karan represents the modern Indian son and husband, balancing tradition and progress. The show is full of laughter, food, and genuine emotion, and I hope it sparks empathy and a few surprises for viewers.”

    With its unique blend of heartfelt storytelling, humour, and the comfort of home-cooked nostalgia, Saas Bahu Aur Swaad is set to become a must-watch for families everywhere. Episodes stream every Tuesday and Thursday, exclusively on the Balaji Telefilms Youtube Channel.

  • Balaji Telefilms and Story TV forge alliance for micro-dramas

    Balaji Telefilms and Story TV forge alliance for micro-dramas

    MUMBAI: India’s Balaji Telefilms, the production house behind two decades of television hits, has teamed up with Story TV, a fledgling micro-drama platform, to flood smartphones with bite-sized narratives tailored for impatient viewers.

    The collaboration promises original content spanning multiple genres and languages, designed for vertical screens and short attention spans. Story TV, launched earlier this year by the Eloelo group, claims 10 million users already—a rapid ascent for a platform banking on one-minute episodes.

    “Micro dramas will be more than a $5 billion market in the next three years,” predicts Story TV founder & chief executive Saurabh Pandey. “Together with Balaji, our exclusive partnership will make micro dramas a staple across India.”

    Balaji Telefilms  jt managing director Ekta Kapoor calls the alliance “a game-changer, setting the stage for powerful, fresh storytelling that’s fearless and fast-paced.”

    Balaji brings decades of audience trust and a catalogue of iconic serials to a format that strips storytelling down to its essentials.

    Balaji Telefilms chief executive Sanjay Dwivedi frames it as evolution. “Micro dramas represent an exciting frontier—short, impactful, and designed for today’s mobile-first viewers,” he says. “This collaboration allows us to take our storytelling legacy into a new format.”

    Story TV has already amassed over 300 original micro-dramas with titles like Mafia Don, Secret Soldier and Hacker King. The platform’s vertical-video approach aligns with consumption habits shaped by social media, where brevity trumps depth and swipes outnumber sits.

    The partnership marks a significant bet on India’s appetite for culturally rooted stories delivered at breakneck speed—entertainment reimagined for thumbs, not remotes.

  • Balaji rings in ‘Kutingg’: A family-first app with kadak stories

    Balaji rings in ‘Kutingg’: A family-first app with kadak stories

    MUMBAI: Talk about a ‘family kutingg’! Balaji telefilms is striking a new chord in digital entertainment with the launch of its latest family-first app, kutingg.

    Unveiled on 8 September and set to go live on 11 September, the platform promises gripping fiction, spirited non-fiction, and snackable entertainment designed for India’s mobile-first audience. Positioned as a digital destination for every member of the household, kutingg is packed with kadak stories told with authenticity and flair.

    Speaking on the launch of Kutingg, Balaji Telefilms group CEO and group CFO Sanjay Dwivedi said, “At Balaji, our journey has always been about anticipating how stories are experienced and staying ahead of audience expectations. Today’s audiences want stories that are sharper, shorter, and more personal and Kutingg is our answer to that. This is not just another entertainment app; it is a family-first destination that offers Kadak stories across fiction and non-fiction, from snackable content to immersive limited series, and even vertical formats for a new-age viewing experience. With Kutingg, we want to give audiences more than just shows. We want to deliver moments that bring families together, stories that spark conversations, and entertainment that truly stays with them.”

    The content line-up reads like a buffet of entertainment. Daily drama lovers can tune into Pyaar Kii Raahein or Saas, Bahu aur Swaad, while weekend binge-watchers get Cheerleader. There’s also a ‘superstar library’ featuring Bose and Mentalhood, and a host of chat shows from Morning Mantra to Bollywood Gapshap. Vertical video formats sit comfortably alongside long-form narratives, keeping pace with how Indians scroll, stream, and snack on stories today.

    “This is not just another entertainment app, it is a family-first destination that offers sharper, shorter, and more personal stories,” said Balaji telefilms group chief revenue officer Nitin Burman. He added that kutingg is designed as an ecosystem where content, creators, and brands can thrive together. “Our vision is to make kutingg not only India’s preferred family-first destination but also a hub for innovation in both content and commerce.”

  • Balaji eyes revival as digital losses narrow and OTT comeback planned

    Balaji eyes revival as digital losses narrow and OTT comeback planned

    MUMBAI: The drama at Balaji Telefilms has taken a sharp turn and this time, it’s playing out on the balance sheet. The content powerhouse slipped into the red for the quarter ended 30 June 2025, posting a consolidated net loss of Rs 594.6 lakh, a far cry from the Rs 94.0 crore profit it clocked in the preceding March quarter.

    Revenue from operations fell 51 per cent year-on-year to Rs 72.8 crore, down from Rs 149.2 crore in Q1 FY24, as all three segments took a hit. Commissioned programmes brought in Rs 49.9 crore (down from Rs 75.4 crore), films collapsed to Rs 1.4 crore from a blockbuster Rs 73.2 crore, and digital revenue rose to Rs 29.1 crore from Rs 9.8 crore but still bore the shadow of the OTT platform’s regulatory shutdown in July.

    Production and acquisition costs surged to Rs 95.8 crore, while marketing expenses stood at Rs 5.38 crore and employee costs at Rs 8.53 crore. Depreciation came in at Rs 1.76 crore, and finance costs eased to Rs 21.8 lakh. Other expenses, at Rs 11.2 crore, added to the squeeze.

    Segment-wise, commissioned programmes swung to a Rs 5.45 crore loss, films lost Rs 2.27 crore, and digital narrowed losses to Rs 92 lakh from Rs 2.08 crore a year ago. Assets in the digital segment have shrunk to Rs 99.9 crore from Rs 246.8 crore last year, reflecting the OTT disruption.

    Despite the setback, Balaji says it is “taking active steps” to comply with regulations and re-enter the digital fray. Until then, investors may have to wait for the next season to see if the plot delivers a turnaround.

  • The return of Tulsi: Why Kyunki Saas Bhi Kabhi Bahu Thi will still hook India 25 years later

    The return of Tulsi: Why Kyunki Saas Bhi Kabhi Bahu Thi will still hook India 25 years later

    MUMBAI: It’s been 25 years since Tulsi Virani first walked into our living rooms, but the magic of Kyunki Saas Bhi Kabhi Bahu Thi hasn’t dimmed a bit. Ekta Kapoor and Balaji Telefilms’ magnum opus remains as endearing today as it was when it first aired — a reminder of the power of family ties in an increasingly fragmented modern India.

    A Family Portrait in an Age of Isolation

    For those of us who grew up in bustling joint families, watching the Viranis feels like coming home. Their laughter, their rituals, even their quarrels — all echo a world that’s slowly slipping away. Today, nuclear households dominate India’s urban landscape. Parents are often left in old-age homes, siblings are scattered across cities and time zones, and “quality time” has been replaced with curated Instagram reels. Yet, as the Viranis gather under the palatial roof of Shantiniketan, the series offers a bittersweet reminder of what we’ve lost — and why we still yearn for it.

    Old Tropes, New Resonance

    Yes, the show is steeped in traditional tropes: Mihir as the patriarch, Tulsi shouldering the emotional and domestic burdens. But there’s nuance beneath the surface. Mihir is not a dictator but a partner — one who values Tulsi’s opinions, especially on their daughter Pari’s life choices. Their partnership reflects a subtle but important evolution in how couple dynamics are portrayed: mutual respect in a traditional framework.
    MIHIR & TULSI
    A Gripping Opening

    The revival wastes no time. From the very first episode, where preparations are underway for the Virani elders’ 38th wedding anniversary, viewers are swept back into the grand world of Shantiniketan. The writing is crisp, the camerawork fluid, the lighting lush, and the casting absolutely on point. Balaji’s signature flair for scale and detail is intact.

    The Sacrifices of Tulsi

    In the first two episodes, Tulsi remains the selfless heart of the household. She attends her anniversary party without a care for glamour, even giving away her saree to a relative. Midway through the celebration, she dashes to rescue her son Angad after a car accident, promising him she won’t tell Mihir. She returns to the festivities as though nothing happened, her own emotional turmoil buried under duty. These sacrifices define Tulsi — the glue of the Virani family.

    Cracks Beneath the Perfect Surface

    Of course, no Virani gathering is without its shadows. A jealous sister-in-law simmers in resentment, praying for Tulsi’s downfall. And in the third episode, a sensitive issue surfaces: Tulsi, older and heavier, worries about her fading youth next to Mihir’s enduring vitality. His tender reassurance — that she is the pillar on which Shantiniketan stands — transforms the moment into one of the show’s most moving exchanges.

    A Timeless Winner

    With just three episodes, it’s clear that Star Plus, Ekta Kapoor, and Balaji Telefilms have another winner on their hands. More than a television drama, Kyunki Saas Bhi Kabhi Bahu Thi is a cultural touchstone — a reminder that while lifestyles may change, our hunger for love, loyalty, and family never will.

    As the Viranis sit down together under the glowing chandeliers of Shantiniketan, one thing is certain: some sagas don’t just entertain us — they become part of who we are.

  • Old Hindi TV shows make a comeback to light up primetime again

    Old Hindi TV shows make a comeback to light up primetime again

    MUMBAI: Ready for a trip down Tele‑vision Lane? Indian TV networks are reaching for the rewind button, dusting off iconic serials from the 90s and 2000s and re-hashing them with a modern twist. From crime procedurals to kitchen politics, old favourites are back to reclaim viewer loyalty, and early signs suggest it’s working. From Kyunki Saas Bhi Kabhi Bahu Thi and CID to Bade Achhe Lagte Hain, broadcasters are betting big on nostalgia to revive TRPs. These revamped shows began dropping between December 2024 and July 2025 CID 2 returned last December, Bade Achhe Lagte Hain 4 launched in June, and Kyunki 2 is all set to make  its grand comeback come 29 July. 

     Why the flashback fix? For starters, the 25–45 age group grew up with these shows, making them more than just content, they’re memories. Channels are cashing in on this emotional bond to draw back viewers amid the OTT onslaught. Legacy titles offer not just a TRP rescue but a cost-efficient revival strategy complete with ready sets, familiar faces, and low marketing spends. As a source at Star India put it, it’s a smart way to “mitigate screen fragmentation.” Plus, the pandemic proved nostalgia’s power when Ramayan and Mahabharat re-aired, they smashed viewership ratings records, outpacing even fresh content.  

    CID

    Ormax Media head of business development for streaming, TV & brands Keerat Grewal said:  “Over the past three to four years, shows with strong protagonists such as Anupamaa, Yeh Rishta Kya Kehlata Hai, Ghum Hai Kisi Ke Pyaar Mein, and Kumkum Bhagya, have managed to sustain high viewership even across multiple leaps. This has been largely driven by the strong emotional equity their lead characters hold. The shows have skillfully introduced a new generation of characters who inherit familiar personality traits while addressing more contemporary issues, allowing the audience to feel a sense of continuity and evolution. 

    “The growing preference for shows with known characters and familiar storylines is not just a trend – it’s deeply rooted in how the human brain works. Neuroscience research shows that nostalgia and familiarity activate the brain’s reward centers, triggering comfort, trust, and emotional safety. Audiences are neurologically wired to return to content that evokes positive memories or past emotional resonance. That’s precisely what the return of a show like Kyunki Saas Bhi Kabhi Bahu Thi will tap into.”

     Kyunki Saas Bhi Kabhi Bahu Thi

    Based on Ormax’s extensive tracking in the HGEC category, we know that the Kyunki brand still holds strong equity among viewers today. This is reflected in the exceptional performance of the show’s new promo on our proprietary awareness tracker Ormax Showbuzz. Within just two days of the promo’s release, the show has recorded unaided awareness levels typically seen only after three to four weeks of sustained marketing in this genre. The data underscores the power of nostalgia, combined with trusted storytelling and iconic characters, to drive early interest and engagement. 

    Kyunki Saas Bhi Kabhi Bahu Thi (2000–2008) is set to return with Smriti Irani reprising her iconic role of Tulsi on Star Plus. CID (1998–2018) made its way back in December 2024 with most of the original cast. Bade Achhe Lagte Hain 4 debuted in June 2025, introducing a next-gen romance against a familiar emotional backdrop. Also making a play for comeback glory: Shaktimaan, slated for an audio reboot and a blockbuster film starring Allu Arjun; Aahat, the spooky staple now re-airing nightly; and evergreen titles like KhichdiOffice OfficeShrimaan Shrimati and Ramayan, all back on air or rumoured to be. 

    Bade Achhe Lagte Hain

    A JioStar spokesperson said, “Bringing back a show like Kyunki Saas Bhi Kabhi Bahu Thi is not just hinged on nostalgia, it is a strategic storytelling move designed for today’s viewers. At Star Plus, we see legacy IPs as powerful cultural assets that can be reimagined to reflect today’s evolving values. By blending familiarity with freshness, we aim to bring together households, unite generations, spark new conversations and reaffirm the enduring relevance of stories rooted in family, identity, and resilience.” 

    A source at Balaji Telefilms revealed that the decision to bring back Kyunki wasn’t an easy one. The creator Ekta Kapoor initially resisted, reportedly saying, “You can’t compete with nostalgia. Why shake it up?” 

    One of the reasons she said yes, sources close to her say, is the creative challenge to make it connect with today’s evolved audience and make an impact by tackling issues which don’t find their way into the current roster of shows on air. (On a lighter note, it will give Balaji Telefilms an opportunity to take the show past a record-breaking 2,000 episodes; remember, it was taken abruptly off-air in its 1,833rd episode). 

    The clincher for the channel and OTT was  not just ratings, it was legacy. Internal research commissioned had once shown that Kyunki helped amplify women’s voices in Indian homes. It tackled domestic abuse, ageism, and marital consent long before these were TV buzzwords. 

    The reboot, sources said, is less about chasing numbers and more about “reclaiming the power to reach millions and change mindsets.” 

    Sources familiar with the strategy at Star noted that Kyunki’s return serves both sentiment and business. “Broadcast reach is still far greater than OTT,” one executive explained. “Advertisers too have bought into the show because of its familiarity, going by the  sponsors who have been tied up: Procter & Gamble (a classic soap advertiser), Colgate and Fortune Oil.” 

    They added that older viewers with their own families who first watched  shows such as Kyunki as youngsters or young adults or are now settled, have disposable income, and more free time.  “This group is now reachable again especially  in slots like 10:30 pm,” said she. 

    With KyunkiCID and Bade Achhe Lagte Hain leading the charge, the revival roster is far from done. Insiders suggest shows like NaaginFIR, and Shrimaan Shrimati could be next in line. Meanwhile, connected TVs and Fast (free ad-supported streaming TV) channels are helping extend the reach of these classics into smaller towns and rural households, where smart TVs and budget broadband are becoming the norm. 

    Indian TV isn’t stuck in a time loop, it’s cleverly remixing the past. This wave of strategic nostalgia blends cultural memory with broadcast savvy, reminding us that some stories never really go out of style. In fact, they just get retold with better twists, lighting, cast and production values.

  • Balaji Telefilms goes big on movies and OTT, trims TV bets

    Balaji Telefilms goes big on movies and OTT, trims TV bets

    MUMBAI:  Balaji Telefilms is flipping its script. In a year marked by a strategic overhaul, the Ekta Kapoor-backed entertainment house has declared a decisive pivot from television towards high-growth verticals: movies, digital streaming, and branded content.

    Addressing analysts on its FY25 earnings call, group chief executive and CFO Sanjay Dwivedi outlined a transformation roadmap: “Movies will be our growth engine, digital will scale next, and television—once our mainstay—will become the third line of business.”

    The studio reported consolidated revenue of Rs 453 crore in FY25, down from Rs 625 crore the previous year. Yet net profit surged to Rs 84.6 crore from Rs 19.4 crore, largely due to a rights-heavy strategy in film and digital. The PAT margin stood at 18.7 per cent, and the company ended the year with Rs 172 crore in cash and mutual funds.

    Balaji’s OTT platform ALT Balaji saw a turnaround. Once burning Rs 120–145 crore a year, its cash burn has now dropped to just Rs 35 lakh a month. The platform added 3.29 lakh subscriptions in Q4 FY25, with total active subscribers crossing the 2 million mark.

    The company is also phasing out its pure SVOD model in favour of a hybrid SVOD–AVOD play, supported by a short-form vertical content app called Kutting. YouTube strategy and advertiser-funded content (AFP) are set to bolster revenue.

    Crucially, Balaji sealed a long-term content partnership with Netflix, spanning original films, binge series, telenovelas, and reality formats over 3 to 7 years. “This is not a one-off deal—it’s a foundational alliance for the future,” said Dwivedi.

    Balaji is betting on movies to power future growth. It has de-risked the vertical by recouping up to 90 per cent of production costs via pre-sales and co-production deals. In FY25, films contributed 30 per cent to revenue.
    Its upcoming slate includes Vrushabha (starring Mohanlal), the Priyadarshan-directed Bhoot Bangla with Akshay Kumar, and Vvan, a collaboration with TVF featuring Sidharth Malhotra.

    The studio targets 6 theatrical releases per year and is building on a franchise playbook with sequels like Dream Girl, LSD, and Shootout.
    TV content production touched 133 hours in Q4, with four shows on air. However, broadcaster yields remain 25 per cent below pre-Covid levels, and Balaji is cautious about further TV expansion.

    “TV is a volume game now. Rates aren’t recovering. We’ll stick to 6–8 shows a year, with a cap around Rs 350 crore,” said Dwivedi.

    New shows include Bade Achhe Lagte Hain – Phir Se and a reboot of Kyunki Saas Bhi Kabhi Bahu Thi.
    The company is also experimenting with AI-led production, launching a series titled Kalnagri on its platform. Regional expansion is on the cards, starting with Tamil and Telugu.

    On YouTube, Balaji hit 1 million subscribers in a month, banking on a mix of new shows and IP-retained repurposed content—especially as Indian viewers seek alternatives to banned Pakistani serials.

    Balaji has a Rs 300 crore B2B order book from leading OTT platforms. It expects digital to contribute 20–25 per cent of revenue in two years. The company is not planning a spin-off of the digital business for now, but hints at unlocking value once scale justifies it.

    “We are storytellers, not just platform owners,” Dwivedi said. “Our job is to find the next big content wave—whatever the screen.”

  • Balaji Telefilms posts Rs 90 crore profit after last year’s Rs 22 crore loss

    Balaji Telefilms posts Rs 90 crore profit after last year’s Rs 22 crore loss

    MUMBAI: It’s not just the daily soaps serving plot twists Balaji Telefilms just delivered one of its own, posting a dramatic turnaround from loss to profit in its latest annual results. Balaji Telefilms Ltd., one of India’s most iconic television and content production houses, has posted a stunning financial comeback, reporting a standalone net profit of Rs 90.59 crore for the financial year ending March 31, 2025. This is a significant leap from a net loss of Rs 22.52 crore the previous year, a turnaround worthy of prime-time applause.

    According to the audited results filed with stock exchanges and published in leading dailies on 5 July, the company’s total standalone income from operations stood at Rs 45,306.92 crore for FY25. On a consolidated basis, it reported a net profit of Rs 84.57 crore, recovering sharply from a loss of Rs 26.08 crore in FY24.

    This reversal comes despite a notable dip in revenue for the final quarter ending March 2025, where standalone income dropped to Rs 8.63 crore, down from Rs 13.46 crore in the same quarter last year. Still, profits surged in the final stretch, with the company posting Rs 99.31 crore in Q4 profit, a complete U-turn from the Rs 22.52 crore loss in the comparable quarter.

    The earnings per share (EPS) rose to Rs 6.68 basic for the year, up from negative territory last year signalling restored investor confidence.

    The company, led by Chairman Jeetendra Kapoor, published the results in Financial Express and Mumbai Lakshadeep and noted that detailed financials are available on its website as well as on BSE and NSE portals.

    With flagship shows still ruling the ratings and digital spin-off ventures gaining traction, Balaji seems to have re-scripted its business drama into a tale of fiscal finesse. Whether this rebound is a one-season wonder or the start of a long-running hit remains to be seen but for now, the curtains have risen on a new chapter of profitability.

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