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Tag: Padmalaya Telefilms

  • Padmalaya Telefilms Q1 net up 14 per cent

    MUMBAI: Padmalaya Telefilms has posted a net profit of Rs 50.72 million (up 14.67 per cent) for the quarter ended 30 June 2003 as compared to Rs 44.23 million in Q1 of the previous financial year.
    Padmalaya Telefilms’ total income has gone up from Rs 248.7 million in JQ 2002 to Rs 273.26 million in the quarter ended 30 June 2003.
    For the year ended 31 March 2003, the company has posted a net profit of Rs 169.95 million as against Rs 118.17 million for the year ended 31 March 2002. Total income has increased from Rs 672.21 million in FY 2002 to Rs 902.26 million in the year ended 31 March 2003.
    The board of directors has recommended a dividend of 35 per cent for the financial year 2002-2003 subject to shareholders approval at the ensuing annual general meeting.

     

  • Zee Tele to merge 4 subsidiaries

    Zee Tele to merge 4 subsidiaries

    MUMBAI: Zee Telefilms has decided to merge Kaveri Entertainment, Programme Asia Trading Company, El Zee Television and Dakshin Media with itself.

    The decision comes after an announcement made by Zee executives following a meeting they had in February this year. The officials claim that simplification of the complex structure and elimination of inefficiencies due to changes in the regulatory and tax framework, are the main causes of the amalgamation, says a report in Business Standard.

    Programme Asia Trading Company, El Zee television and Dakshin Media, had collectively reported losses to the tune of Rs 44.2 million on a gross income of Rs 140 million during 2000-01, says report. It further states that Kaveri Entertainment had ventured into Kannada television media during the same fiscal by acquiring the assets of Chennai based Asianet Media for Rs 120.1 million.

    The company has scheduled an extraordinary AGM on 25 October 2002, to seek approval for the merger, which it asserts is part of restructuring aimed at reducing the number of subsidiaries from 23 to 12. ETC Networks and Padmalaya Telefilms were acquired by Zee over the past few months.

    Also, Zee Telefilms Ltd has fixed the book closure for the payment of dividend from 24 October, 2002 to 25 October, 2002 (both days inclusive) for the purpose of payment of dividend. Earlier the company had fixed 23 October 23 to 24 October (both days inclusive) as book closure date for payment of dividend.

  • BSE places special 25% margin on 5 media scrips

    BSE places special 25% margin on 5 media scrips

    The Bombay Stock Exchange (BSE) has informed members of the exchange that 65 scrips, of which five are media companies, will attract special margins effective today (10 June 10).

    The rates of special margins have been revised keeping in view the closing price of the scrip on the last day of the settlement, the BSE declared.

    The media scrips on which special margins of 25 cer cent have been imposed are ETC Networks, cable MSO Hathway Bhawani, Orbit Multimedia, Padmalaya Telefilms and Top Telemedia. 

  • Padmalaya Telefilms net up 14 per cent

    Padmalaya Telefilms net up 14 per cent

    Software and film animation major Padmalaya Telefilms Limited has declared its unaudited financial results for the year ended 31 March 2002.

    The net sales of the company which was Rs 474.82 million for the year ending 2001 has increased by 41 per cent to Rs 669.70 million.

    The total expenditure for the same period has gone up by 35 per cent from Rs 330.13 million in the year 2001 to Rs 446.13 million.

    Net profit has increased by 23 per cent from Rs 96.92 million in 2001 to Rs 119.36 million in March 2002.

    The reasons attributed for the comparative decrease in the net profit as compared to the year ended 2001 is due to 100 per cent increase in the depreciation amount from Rs 22.28 million to Rs 45.06 million in March 2002 and an increase in provision for tax which has gone up from Rs 25.48 million in 2001 to Rs 58.62 million in March 2002.

    While the net profit after extraordinary income has gone up only by 14 per cent from Rs 106.57 million in 2001 to Rs 121.85 million for the year ended March 2002. The reason for decrease in percentage increase in the net profit after extraordinary income is the decrease in extraordinary income from Rs 14.06 million to Rs 2.5 million.

    For the fourth quarter ended March 2002, Padmalaya Telefilms reported sales turnover of Rs 121.6 million and net profit of Rs 24.3 million. Sales were down by 31 per cent from Rs 176.29 million to Rs 121.58 million.

    The drop in sales had been on account of delay in broadcasting of some serials on Doordarshan and release of feature film Kya Dil Ne Kaha which is now scheduled to be released in 1st week of June, as per a company release.

    Earning Per Share (EPS) is Rs 11.6 for the period March 2002 whil the P/E for the same period is around 12.

    When last reports came in the share was trading at Rs 138.50. The share prices were stable as good results were expected from the company.

  • Sensex plunges 213 points on poll predictions

    Sensex plunges 213 points on poll predictions

    MUMBAI: The politicians may dismiss them but the stock markets seem to have reacted and how to the latest opinion and exit polls that all the news channels released following the completion of the third round of polling yesterday.

    Indian stocks plunged 3.6 per cent today posting their sharpest fall in over three years most polls predicted that the country was headed for another hung Parliament triggering negative sentiments in the markets on fears that economic reforms might get stalled or delayed.

    The Sensex swimming in the red zone was down a whopping 213.30 points to finally close at 5,712.28, a loss of more than $12 billion. The S&P CNX Nifty tanked 75 points or 3.9 per cent to 1,817.25.

    An idea of just how severe the bleed at the bourses was can be gauged by the fact that today’s haemorrhage is the sharpest since the stock market scam of March 2001 that was linked to big-time broker Ketan Parekh.

    Speaking of media scrips it was a red day all round with almost all stocks on the casualty list. The effects of the exit polls were clearly seen here too.

    The major loser of the day was Crest Communication down a whopping 12.19 per cent at Rs 41.05.

    Others to follow suit were Saregama and Galaxy Entertainment with a massive loss of over nine per cent ending the day at Rs 49.00 and Rs 27.35 respectively.

    Sri Adhikari Brothers, Cinevistaas and Padmalaya Telefilms also lost over seven per cent each closing the day at Rs 59.65, 27.45 and Rs 59.10 respectively.

    Amongst other prominent losers were Creative Eye, BAG Films Ltd, Adlabs Films, Balaji Telefilms, TV Today, Pritish Nandy Communications and Zee Telefilms.

    So just what were these polls all talking about anyway. Given below are their predictions.

    NDTV gave the NDA 235-255 seats, with the Congress and its allies might tipped to get between 190-210 with 100-120 going to others.

    Aaj Tak projected the Congress-led camp would get 177 seats, while the NDA tally would be 262 and others would get 104.

    Star News predicted that the NDA would get between 267 and 279 parliamentary seats, the Congress and its allies 160-172 and gave 97-109 to others, including the Samajwadi Party and the Bahujan Samaj Party.

    Sahara News, which covered the 282 seats that have gone to the polls so far, projected 155 seats for the NDA, 99 for the Congress and the rest for others.

  • Zee open offer for ETC opens

    Zee open offer for ETC opens

    Zee Telefilms’ open offer for 20 per cent additional stake in ETC Networks at Rs. 31.52 per share opens today.

    This follows the Zee’s acquisition in February of a 48.38 per cent of ETC promoters’ stake. In its offer letter Zee had said: “The acquisition of majority stake in ETC Networks will enable Zee Telefilms to have undisputed market leadership in the music and Punjabi segments besides providing access to the ETC library.”

    Meanwhile, the Subhash Chandra broadcaster clarified yesterday that its recent offer to acquire a major stake in Telugu animation major Padmalaya Telefilms would remain at Rs. 148.50 per share. Zee said that it would not increase the offer price for acquiring 20 per cent in Padamalaya Telefilms. Zee’s clarification came in response to queries raised after PTL’s ruling price reportedly touched Rs. 153.25 on Monday. The scrip is currently trading at Rs 149.

    Zee’s open offer for 20 per cent more of PTL is expected to open on 5 May. The offers comes on the heels of newly acquired Zee subsidiary Padmalaya Enterprises acquiring a 34 per cent stake in PTL.

  • Zee open offer for ETC opens

    Zee open offer for ETC opens

    Zee Telefilms’ open offer for 20 per cent additional stake in ETC Networks at Rs. 31.52 per share opens today.

    This follows the Zee’s acquisition in February of a 48.38 per cent of ETC promoters’ stake. In its offer letter Zee had said: “The acquisition of majority stake in ETC Networks will enable Zee Telefilms to have undisputed market leadership in the music and Punjabi segments besides providing access to the ETC library.”

    Meanwhile, the Subhash Chandra broadcaster clarified yesterday that its recent offer to acquire a major stake in Telugu animation major Padmalaya Telefilms would remain at Rs. 148.50 per share. Zee said that it would not increase the offer price for acquiring 20 per cent in Padamalaya Telefilms. Zee’s clarification came in response to queries raised after PTL’s ruling price reportedly touched Rs. 153.25 on Monday. The scrip is currently trading at Rs 149. 

    Zee’s open offer for 20 per cent more of PTL is expected to open on 5 May. The offers comes on the heels of newly acquired Zee subsidiary Padmalaya Enterprises acquiring a 34 per cent stake in PTL.

    Also Read:

    Zee stake at 73% after ETC allots preferential shares
    Zee takes 33 % stake in Padmalaya Telefilms

  • Zee takes 33 % stake in Padmalaya Telefilms

    Zee takes 33 % stake in Padmalaya Telefilms

    While the talk around Zee Telefilms is whether AOL Time Warner will acquire a strategic stake in Subhash Chandra’s company, the media baron seems to be on an acquisition spree of his own.

    Hardly had the dust settled on Zee’s buyout of ETC Networks Ltd (which runs channel etc and etc Punjabi), it was announced yesterday that Zee is acquiring a 32.8 per cent strategic stake in Padmalaya Telefilms Ltd (PTL). This is being done through the acquisition of a 64.3 per cent stake in PTL’s holding company, Padmalaya Enterprises Pvt Ltd (PEPL).

    ZTL will pay Rs 590 million in an all cash deal for the 32.8 per cent stake in PTL and includes a preferential allotment to be made by PTL to PEPL, and a mandatory 20 per cent open offer the holding company will have to make following the change in the ownership of promoters’ holding. The preferential allotment will be at a price of Rs 142.20 per share and the open offer will be at the price of Rs 148.50 per share. ZTL has entered into an MoU with PTL for this acquisition.

    “With this deal Zee will get access to Padmalaya’s film library of 300 movies and 1,500 hours of TV software useful for sourthern markets and allows us to consolidate PTL financial’s with ZTL’s balance sheet,” Chandra has been quoted as saying.

    ZTL will hold 64.3 per cent in the holding company while PTL’s present promoters, Seshagiri Rao and his family, will hold 36 per cent. PTL has convened an extraordinary general meeting (EGM) of PTL on March 27 to seek shareholder approval for the preferential allotment.

    Subsequent to this preferential allotment, PEPL will make an open offer (to be funded by ZTL for Rs 320 million) to the shareholders of PTL at a price of Rs 148.5 per share to acquire an additional 20 per cent stake in PTL. Post-preferential allotment and open offer, PEPL’s holding in PTL will be 51 per cent. ZTL and the promoters of PTL would jointly control management of PTL. Both Zee and PTL have the right to appoint nominees on the board of PTL relative to their respective shareholding PTL and PEPL.

    Zee’s acquisition of PTL creates an entertainment powerhouse with strengths in animation software, film production and distribution and television content. The synergising of the operations of the animation units of Zee and PTL will make it the largest animation filmmaker in Asia, the company claims.

  • BSE imposes 25% margins on 4 media scrips

    BSE imposes 25% margins on 4 media scrips

    The Bombay Stock Exchange (BSE) has imposed special margins on 33 scrips, including four media shares.

    The media firms included in the list of companies on which the margins were imposed are Padmalaya Telefilms, Pritish Nandy Communications, Sri Adhikari Brothers Television Network Ltd and Tips Industries Ltd. The trading margins imposed on the four scrips are at 25 per cent.

    Similar trading margins had been imposed on 11 February on three of the scrips in this list – Padmalaya, PNC and Sri Adhikari.

    The rates of special margins have been revised keeping in view the closing price of the scrip on the last day of the settlement, a BSE release says.

    Margin money is like a security deposit that is paid – which is held until a deal is complete and all monies are settled. The aim of margin money is to minimise the risk of default by either counter-party (buyer or seller). The payment of margin ensures that the risk is limited to the previous day’s price movement on each outstanding position. Such measures are normally taken by the exchange to check excessive speculative trading.

  • BSE imposes 25% margins on 3 media scrips

    BSE imposes 25% margins on 3 media scrips

    The Bombay Stock Exchange (BSE) today imposed special margins on 35 scrips, including three media shares. 

    The media firms included in the list of companies on which the margins were imposed are Padmalaya Telefilms, Pritish Nandy Communications and Sri Adhikari Brothers Television Network Ltd. The trading margins imposed on the three scrips are at 25 per cent. 

    The rates of special margins have been revised keeping in view the closing price of the scrip on the last day of the settlement, a BSE release says. 

    Margin money is like a security deposit that is paid – which is held until a deal is complete and all monies are settled. The aim of margin money is to minimise the risk of default by either counter-party (buyer or seller). The payment of margin ensures that the risk is limited to the previous day’s price movement on each outstanding position. Such measures are normally taken by the exchange to check excessive speculative trading.