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Tag: Shobha Kapoor

  • Balaji Telefilms’ matriarch Shobha Kapoor finally gets her due at Indian Telly Awards

    Balaji Telefilms’ matriarch Shobha Kapoor finally gets her due at Indian Telly Awards

    MUMBAI:  It was a night to remember at the 25th edition of Indiantelevision.com and TellyChakkar.com’s Indian Telly Awards, as Balaji Telefilms’ managing director Shobha Kapoor was finally recognised for her silent yet towering contribution to the Indian television industry. 

    In a long-overdue move, the editorial board of the Indiantelevision.com group conferred her with the Ramanand Sagar Lifetime Contribution Award — a decision taken after much deliberation and unanimous agreement. 

    The emotional high point came when her husband, veteran actor Jeetendra Kapoor, took to the stage at JW Marriott, Mumbai, to receive the award from Indian Telly Awards founder Anil Wanvari. But instead of keeping it, he stepped down from the stage and handed the trophy to Shobhaji, who was seated in the front row — triggering a wave of thunderous applause and emotion across the ballroom.

     
     
     
     
     
     
     
     
     
     
     
     
     
     
     

    A post shared by TCX.official (@tellychakkar)

    What followed was a heartfelt video message from daughter Ekta Kapoor, currently in the US: “Mom, you deserve all the awards we’ve ever got. Balaji is nothing without you. I am nothing without you. You’ve always worked behind the scenes, never seeking credit. Today, finally, someone has given it to you..” 
     


    Trying hard to hold back tears, Shobhaji accepted the tribute with poise and composure. “It was an evening to remember! I’m honoured to have received this award and specially from my husband who has been my biggest support throughout the 30 years of my career! Above all my daughter and partner Ekta kapoor who has been and is the driving force ! Thank youu Indian telly awards ?,” said Shobhaji. 

    “Shobhaji has been Balaji’s rock — in its highest highs and darkest lows,” said Wanvari. “She allowed Ekta to blossom as a creative force, while herself building the operational backbone of the company. Together, they’ve created a powerhouse that has trained and mentored scores of television professionals across the industry.” 

    He added, “Ekta has been showered with accolades over the years. It was time Shobhaji, one of Indian TV’s real heroes, received her moment in the spotlight.”

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  • Balaji Telefilms reports Q3 and nine-month FY25 financial performance

    Balaji Telefilms reports Q3 and nine-month FY25 financial performance

    MUMBAI: Balaji Telefilms Ltd has announced its financial results for the third quarter and nine months ended 31 December 2024.

    Financial Highlights
    * The group reported revenue of Rs 93.2 crore in Q3 FY25, with consolidated nine-month revenue at Rs 386.8 crore.
    * EBITDA profit for 9M FY25 stood at Rs 5.3 crore, driven by operational excellence and strategic cost rationalisation, particularly in the digital business (ALT Digital).
    * Profit before tax for 9M FY25 was Rs 0.5 crore.
    Television Segment
    * The TV business remains the company’s core, contributing Rs 194.2 crore in revenue for 9M FY25.
    * EBITDA for 9M FY25 was Rs 26.8 crore.
    * Balaji had four shows on air during the quarter across major broadcasters, producing 640 hours in 9M FY25, with realisation per hour at Rs 29.14 lakh.
    Digital Business (ALT Digital)
    * Cost rationalisation efforts improved performance, with ALT Digital’s EBITDA loss narrowing by 18 per cent in Q3 FY25 to Rs 6.9 crore from Rs 8.4 crore in Q2 FY25.
    * Subscription revenue stood at Rs 13.32 crore for 9M FY25, with 7.34 lakh subscriptions sold, including 3.93 lakh renewals.
    * ALT Digital launched 20 new shows in Q3 FY25, totalling 46 shows in 9M FY25.
    * The platform has over 167 shows live, and content consumption reached 17.41 billion minutes with 1.74 billion views.
    * ALT is expanding into the AVOD model and has an order book of Rs 343 crore for web series across major OTT platforms.
    Film Business
    * The Sabarmati Report, released in Q3 FY25, received positive reviews but underperformed at the box office.
    * Earlier releases in H1 FY25 included LSD 2 (April 2024) and The Buckingham Murders (September 2024), both later released on Netflix.
    * The company has a strong pipeline, with Vrushabha (starring Mohanlal) in post-production and Bhoot Bangla (starring Akshay Kumar, directed by Priyadarshan) in production.
    * A new project, Vvan, in collaboration with TVF and starring Sidharth Malhotra, is in development.
    Fundraising Initiative
    * Balaji Telefilms raised Rs 130.67 crore through an equity issue to promoters and foreign investors.
    * A total of 1.78 crore shares were allotted at Rs 73.17 per share, approved by the board on 7 February 2025.
    * The funds will be used to scale the movie business, explore music retention and distribution, enhance the digital content business, and strengthen the financial structure.

    Group CEO and CFO Sanjay Dwivedi stated, “This successful capital raise underscores the confidence of our promoters and foreign investors in the company’s growth plans. The funding will reinforce our commitment to shareholder value and strengthen our balance sheet.”

    Merger Update
    * The board approved a draft composite scheme of arrangement on 30 May 2024 for the merger of Balaji Telefilms Ltd, ALT, and MFPL.

    * The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) granted no-objection certificates, and the company filed an application with the National Company Law Tribunal (NCLT) on 27 January 2025 for approval.

    * The merger aims to consolidate content production, eliminate redundancies, enhance financial capacity, and streamline compliance, leading to improved returns and efficiency.

    Managing director Shobha Kapoor stated, “With a strong focus on profitability, operational streamlining, and cost rationalisation, we are confident in our growth trajectory across television, films, and digital platforms.”

  • Balaji Telefilms makes two senior management changes

    Balaji Telefilms makes two senior management changes

    MUMBAI: There were further changes at Balaji Telefilms over the weekend. The company redesignated  long running group CFO and COO  Sanjay Dwivedi as group CEO. He continues to hold the CFO portfolio as well. Then, Balaji Motion Pictures EVP distribution & syndication Vimal Doshi was promoted as the COO – motion pictures. 

    With 30 years of experience covering media, entertainment and FMCG, Sanjay joined the group in 2013 as the CFO of Balaji Telefilms, functioning as a member of the core management team.. He works closely with managing director, joint managing director and the board. During his journey with the group, he has led the fund-raising activities; obtained sanction from private banks for business initiatives; saved substantial amount in tax benefits through several initiatives, including clearing of old tax claims; and manages treasury corpus, in addition to other tasks as assigned from time-to-time.  

    Prior to joining Balaji, he held senior management positions at Nimbus Communications and Entertainment Network India Limited (Radio Mirchi, part of the Times Group). He earlier worked with GlaxoSmithKline Pharmaceuticals (India) and Tata Steel in the finance functions.

    In his current role, Sanjay  will be responsible for the group’s overall growth and success, will lead the company’s operational strategies, and will continue to head the finance function. 

    As  COO – motion pictures, Vimal will be entrusted with the entire operations of the movie division for existing films, new film project development, marketing operations, distribution and syndication. As in his previous role, he will continue to head revenue for distribution and syndication of films.  

    Vimal has a total work experience in the film industry of about 26 years.. He joined Balaji in 2007 as assistant manager for theatrical distribution and has distributed several films since. In 2015, he  started heading all sales for films. He has done slate deals with major OTTs, music labels and buyers like Netflix, Tips, SaReGaMa and has scripted and maintained strategic partnership with media behemoth, Zee. In  the past three years, Vimal has also looked into various co-Productions and actively manages relationship with co-producers and talents. 

    Says Balaji Telefilms managing director  Shobha Kapoor:“I am delighted that Sanjay has been promoted as the CEO. His exceptional leadership track record, deep strategic expertise, profound experience in the M&E sector and overall understanding of our business makes him an excellent fit for leading the group as the CEO and setting higher standards.   We are also excited to elevate Vimal as the COO – motion pictures to lead our films division. With exciting movies in pipeline, his extensive experience and visionary approach will foster our growth in the entertainment industry. Sanjay and Vimal have been with Balaji Group for over decades and under their leadership and guidance, I am confident that Balaji will achieve new milestones and add value for all our stakeholders.”  

     

  • zingbus teams up as official brand partner for Dream Girl 2

    zingbus teams up as official brand partner for Dream Girl 2

    Mumbai: zingbus, the largest tech-based intercity bus service provider in India, has proudly announced its captivating collaboration as the official brand partner for the movie Dream Girl 2. The sequel to the blockbuster sensation, Dream Girl (2019) is poised to unleash its magic on the silver screen, captivating audiences nationwide on 25 August 2023.

    Dream Girl 2, an upcoming Hindi comedy-drama is helmed by the visionary director Raaj Shaandilyaa and produced by Ekta Kapoor and  Shobha Kapoor under the dynamic banner Balaji Motion Pictures. The movie showcases a diverse ensemble cast, including Ayushmann Khurrana, Ananya Panday, Paresh Rawal, Annu Kapoor, Rajpal Yadav, Vijay Raaz, Asrani, Abhishek Banerjee, Manjot Singh and Seema Pahwa. This cinematic marvel promises to be a journey through emotions, laughter, and life’s quirks, all interwoven in a tapestry of entertainment.

    Speaking on the partnership, zingbus CEO and co-founder Prashant Kumar said – “Seizing the role of the official brand partner of a fantastic movie – Dream Girl 2, provides us with a wonderful opportunity to engage a larger audience throughout India. This partnership ignites our passion and propels us to explore new horizons. zingbus team is truly excited about this affiliation and we are looking ahead to numerous such remarkable collaborations in the times to come.”

    The strategic partnership will increase the likelihood of zingbus gaining a more significant presence in people’s thoughts and perceptions. By combining the visionary approach of the brand – zingbus with the compelling narrative of the movie, this partnership will carve an enduring mark on the hearts and minds of a diverse and widespread audience.

  • Balaji Telefilms reports revenue of Rs 118.8 crore for Q1 FY23

    Balaji Telefilms reports revenue of Rs 118.8 crore for Q1 FY23

    Mumbai: Balaji Telefilms earned a revenue of Rs 118.8 crore for Q1 FY23 of which ALTBalaji contributed Rs 36.8 crore through its direct subscription, which stood at Rs 6 crore in Q1 FY23, the company said in a statement.

    The group’s EBITDA loss is Rs 20.4 crore and the loss after tax is Rs 24.5 crore. 

    Balaji Telefilms Ltd managing director Shobha Kapoor said, “Our content has always resonated with audiences at large as it is deeply ingrained in India’s socio-cultural fabric and this quarter has been no different given that we have continued to provide content-driven and quality entertainment while simultaneously focusing on sustainable growth for our investors.”

    “We continue to have strong controls on the cash spend while driving overall profitability including some strong strategic content sharing deals which allows us to further our growth,” she added. 

    OTT-business

    ALTBalaji has 93+ shows live on its platform. ‘Lock Upp’ which was live streamed, gained enormous popularity and went on to become the most watched reality show in the OTT space, with 500+ million views. As a result, the company generated significant long-term IP because this format had never been seen in the Indian entertainment domain before. This quarter they released Apharan- Season two which garnered more than a million views within a short time.
    For the three months ending 30 June, the company sold 3.1 lakh subscriptions (including 1.62 renewals). This excludes subscribers on partner apps where the content continues to do well. 

    The company, in its release, said, “ALTBalaji continues to produce content-driven shows and we are confident that it will be regarded as one of the leading Indian OTT players shortly as we have a strong content library catering to classes and masses alike with consistent hit shows across genres.”

    The company continues its strategy to drive deeper audience engagement by creating quality and content-driven shows that are targeted at a mass audience seeking differentiated stories. Currently, the engagement time stands at 62+ mins, with watch time at 16.19 billion minutes. Video views stand at 1.37 billion cumulative to date.

    Some of our shows continue to be highly rated and popular amongst our audiences, especially the youth, and also include our immensely popular niche reality competition show (that was released last quarter). 

    TV Business

    In Q1 FY23, Balaji’s TV business continued at normal for three months with 246.5+ hours of production across 8 shows compared to 174.5 hours in Q1 FY22. Two more TV shows are lined up across genres for the next quarter. ‘Apnapan’ was launched in Q1 FY23 which generated a good audience response.

    Kapoor said, “As always, we are confident that our content will strike a chord with audiences as our storytelling is backed by strong creative capabilities which drive our business growth.”

    Movie business 

    In terms of movies, “Ek Villain Returns” starring John Abraham and Arjun Kapoor, was released on 29 July to positive reviews, earning 51 crore plus at the box office. 

    Kapoor said, “Considering that theatres are now operating at 100 percent capacity, we are confident that our movie business will be back on track given that we have six more movies up for release in FY23, out of which two films are ready to release stage, three films in post-production stage and one film under production. We have pre-locked exciting revenue deals on our movies slate, thereby de-risking our movie business segment.”

  • Balaji Telefilms reported an income of Rs 119 crore for Q4 FY22

    Balaji Telefilms reported an income of Rs 119 crore for Q4 FY22

    Mumbai: Balaji Telefilms has announced its financial results for the fourth quarter and year ended 31 March 2022. The group posted an income of Rs 119 crore for the quarter and a loss of Rs 33.3 crore.

    The group revenues for the year stood at Rs 337 crore and a loss of Rs 133 crore. Altbalaji contributed Rs 102 crore to overall revenues. It sold 3.88 million subscriptions in FY22 excluding subscribers on partner apps. Its direct subscription revenue stood at Rs 52.39 crore.

    The TV business clocked 863 hours of production across seven shows for four broadcasters. There are two more shows lined up and should commence shortly.

    Altbalaji added 13 shows over 12 months on its platform. Its reality show Lock Upp has crossed more than 500 million views. The watch time on the OTT platform stood at 15.75 billion minutes, with an engagement time of 66 minutes. Video views stood at 1.29 billion cumulative to date.

    The company also has seven movie projects in the pipeline with leading actors and directors in the country.

    “The movie business continued to make good progress in completing its productions given that normal operations were fully resumed on account of easing of restrictions,” said the statement. “Further, with the relaxations implemented in terms of re-opening of cinema theatres, the theatrical distribution business is steadily on its way to regain momentum and this has accordingly allowed the company to pursue its monetization strategies for completed productions in terms of theatrical launches as well as deals for direct to digital.”

    The company has seven movies planned for release in FY23 and pre-locked existing deals on a few movies. As part of its strategy, Balaji Telefilms continues to control investments in movies and pursue pre-sales and co-production deals where feasible.

    “The relaxation of COVID-19 restrictions and norms in this financial year allowed us to operate at our optimum efficiency levels,” said Balaji Telefilms Limited managing director Shobha Kapoor. “Altbalaji continues to drive subscription growth and we added 3.88 million subscriptions during the twelve months. We added 13 shows in the twelve months which included the highest watched reality show Lock Upp in OTT space signalling the reach of the business. We continue to have strong controls on the cash spend while driving overall profitability including some strong strategic content sharing deals which allows us to further our growth. Our TV business has shown good recovery in terms of production hours and we hope to improve this momentum as two new shows will commence. In the movie business, production for some exciting projects is at various stages of completion. We closely monitor the availability of theatrical releases and direct to digital launches. Overall, the year has been good and expected to continue the momentum.”

  • ALTBalaji direct subs up 69% YoY; half-yearly revenue at 34cr

    ALTBalaji direct subs up 69% YoY; half-yearly revenue at 34cr

    Mumbai: Balaji Telefilms announced its financial results for the quarter and half year ended 30 September 2021.

    Selling 2.9m subscriptions during H1Fy22 (vs 1.7m in H1FY21) ts streaming platform ALTBalaji reached a current active direct subscriber base of over 1.45m. This excludes subs on partner apps. Direct subscription revenues stood at Rs 34cr vs Rs 24cr. ALTBalaji contributed Rs 39cr to the half-year Group revenues at Rs 141cr

    The platform added nine shows in the half-year taking the overall library to 87. Some of the hits launched in H1Fy22 include Punchh Beat Season two, Broken but Beautiful season three, and Cartel. ALTBalaji continues its strategy of driving deeper audience engagement through differentiated content targeted at mass India.

    During the half-year, the TV business produced 363.5 hours of content across seven shows for four broadcasters. Five new shows have been lined up, and should commence shortly, it said.

    Movie business also resumed production. With five projects in the pipeline, the company said it is making good progress, even as it waits for the availability of theatrical launch windows. Deals across direct to digital are also being explored. As part of its strategy, it continues to control investments in movies and pursue pre-sales and co-production deals where feasible.

    Balaji Telefilms Limited MD, Shobha Kapoor said, “ALTBalaji continues to drive subscription growth. We added 2.9m subscriptions during the half-year. We added nine shows in the half-year and now have a very strong lineup for the rest of the year. Our strategic content-sharing deals will ensure we maintain control on the cash spends while driving overall profitability.”

    Commenting further on the TV and movies business, she added, “Our TV business has shown good recovery in terms of production hours and we hope to improve this momentum as five new shows commence. In the movie business, production for some of the exciting projects are at various stages of completion and we are closely monitoring the availability for theatrical releases as well and direct to digital launches. Overall, the year has started well and we will build on this momentum through the year.”

  • ALTBalaji direct subscriptions up 35% QoQ; 1.8m subs sold in Q1 FY22

    ALTBalaji direct subscriptions up 35% QoQ; 1.8m subs sold in Q1 FY22

    Mumbai: Balaji Telefilms has announced its financial results for the quarter ended 30 June 2021. The company’s direct-to-consumer business, ALTBalaji sold a total of 1.8m subscriptions in Q1 FY22 as against 0.9m in Q1FY21, up 35 per cent. Direct subscription revenues stood at Rs 17 cr vs Rs 13 cr.

    The OTT platform has a current active subscriber base of 2.4m, excluding subscribers on partner apps. Quarterly revenue stood at Rs 21cr.

    Having added six shows last quarter, ALTBalaji has taken the overall library to 86 shows. The Company said it continues its strategy to drive deeper audience engagement by creating content that is targeted at mass India seeking differentiated stories, while remaining focussed on the younger audiences.

    Balaji Telefilms’ TV business has continued at normal levels as daily show production was ensured with pandemic restrictions. During the quarter the Company produced 174.5 hours of content across six shows for four broadcasters.

    Balaji Telefilms, managing director, Shobha Kapoor said, “ALTBalaji continues to drive subscription growth and we added 1.8m subscriptions during the quarter. Our strategic content sharing deals will ensure we maintain control on the cash spend while driving overall profitability. TV business has shown good recovery in terms of production hours and we hope to improve this momentum as five new shows commence. In the movie business, production for some of the exciting projects are at various stages of completion and we are closely monitoring the availability for theatrical releases as well as direct-to-digital launches. Overall, the year has started well and we will build on this momentum through the year.”

  • ALT-Balaji a ray of hope in a productionless Covid quarter for Balaji Telefilms

    ALT-Balaji a ray of hope in a productionless Covid quarter for Balaji Telefilms

    BENGALURU: The most successful television content and film production house in India, the Shobha Kapoor and Ektaa Kapoor led Balaji Telefilms Limited (Balaji) reported a standalone loss of Rs 1.40 crore on a standalone operating revenue of Rs 21.17 crore for the quarter ended 30 June 2020 (Q1 2021, quarter or period under review). Balaji reported a consolidated loss of Rs 27.9 crore for the period under review per an investor presentation. For the corresponding year ago quarter (Q1 2020), Balaji had reported consolidated loss of Rs 42.2 crore on consolidated operating revenue of Rs 90.5 crore. Balaji had reported standalone profit of Rs 10.43 crore in Q1 2020 on a standalone revenue of Rs 116.07 crore. Consolidated EBIDTA for Q1 2021 was a loss of Rs 26.30 crore as compared to a loss of Rs 32.33 crore for Q1 2020.

    Read more stories on Alt Balaji

    Hit by a halt in all production during most of Q1 2021, Balaji has reported consolidated operating revenue of Rs 35.1 crore. A big chunk of the operating revenue – Rs 14.9 crore, came in from Balaji Telefilms OTT platform ALT-Balaji. The company says in a press release that ALT-Balaji subscription revenue increased to Rs 12.9 crore in Q1 2021, while for Q1 2020, ALT Balaji’s reported subscription revenue of Rs 6.7 crore.

    Segment revenue

    Commissioned programmes

    Revenue from Balaji’s commissioned programmes during the quarter under review was less than one-twentieth of the revenue for the corresponding year ago quarter. Balaji reported operating revenue for its Commissioned programmes segment at Rs 4.10 crore for Q1 2021 which was 95.6 percent lower than the Rs 93.17 crore in Q1 2020. The segment reported an operating loss of Rs 6.33 crore in Q1 2021 as compared to an operating profit of Rs 9.67 crore in Q1 2020.

    Films segment

    Revenue from Balaji’s Films segment was 17.49 crore in Q1 2021 as compared to Rs 1.67 crore in Q1 2020. The segment had an operating profit of Rs 5.27 crore as compared to a small loss of Rs 0.10 crore in Q1 2020.

    Digital segment (ALT-Balaji)

    Revenue from Balaji’s Digital segment (OTT segment – ALT-Balaji) in Q1 2021 increased 20.9 percent to Rs 14.90 crore as compared to Rs 12.33 crore in Q1 2020. The segment had a lower operating loss of Rs 25.79 crore in Q1 2021 as compared to an operating loss of Rs 36.83 crore in the corresponding year ago quarter.

    Read more stories on Balaji Telefilms

    Let us look at the other numbers reported by Balaji

    Consolidated total income for Q1 2021 at Rs 40.79 crore was 56 percent lower y-o-y as compared to Rs 92.75 crore. Consolidated total expenses for Q1 2021 fell 48.2 percent y-o-y to Rs 69.57 crore from Rs 134.30 crore.

    Consolidated cost of production declined 69 percent in Q1 2021 to Rs 26.53 crore as compared to Rs 85.69 crore in Q1 2020. Consolidated marketing and distribution expenses in Q1 2021 declined 47.6 percent to Rs 6.07 crore from Rs 11.57 crore in the corresponding quarter of the previous year. Consolidated employee benefits expense in Q1 2021 declined 53.9 percent to Rs 5.52 crore from Rs 11.08 crore in Q1 2020. Consolidated other expenses in Q1 2020 reduced 32.9 percent to Rs 13.20 crore from Rs 19.68 crore in Q1 2020.

    Company speak

    Balaji Telefilms Limited managing director Shobha Kapoor said through a press release, “The quarter has been particularly challenging as all content production activity came to a stop. However, our digital businesses have performed well and we are well positioned to grow that business. We remain confident that our TV business will return to more normal levels of content production as our teams have adapted to shooting under the new rules following all health and safety requirements, we now have 6 shows on air and a couple more in the pipeline. We have initiated several cost optimisation programs during the quarter and should continue to see the benefits of these programs as content production volumes return.”

  • Balaji Telefilms operating profit up; ALT Balaji subs and revenue increase in FY 2020

    Balaji Telefilms operating profit up; ALT Balaji subs and revenue increase in FY 2020

    BENGALURU: The most successful television content and film production house in India, the Shobha Kapoor and Ektaa Kapoor-led Balaji Telefilms Ltd (Balaji) reported 34.1 percent growth in consolidated operating revenue at Rs 573.55 crore for the fiscal ended 31 March 2020 (FY 2020, year under review) as compared to the Rs 427.71 crore reported for the previous year (FY 2019). Consolidated operating revenue for the quarter ended 31 March 2020 (Q4 2020, quarter under review) also increased 21.2 percent y-o-y to Rs 107.68 crore from Rs 88.86 crore in Q4 2019. Consolidated loss of FY 2020 declined to Rs 58.96 crore from Rs 97.75 crore in FY 2019. The company reported lower consolidated loss of Rs 19.84 crore in Q4 2020 as compared to 27.97 crore in Q4 2019.

    Balaji reported having completed 823 hours of commissioned programmes in FY 2020 as compared to 763 hours in FY 2019. Slightly lower programming hours were completed in Q4 2020 – 198 hours as compared to 200.5 hours in the corresponding year ago quarter. The company had halted all production on 18 March 2020 on account of the COVID2019 pandemic.  The company said that the realisation per hour was lower in FY 2020 at Rs 0.37 crore per hour as compared to Rs 0.38 crore per hour in FY 2019 because of lower number of weekend shows. Realisation per hour in Q4 2020 at Rs 0.39 crore per hour was however higher y-o-y as compared to Rs 0.36 crore per hour in Q4 2019.

    On a consolidated basis, the company reported operating profit (Simple EBITDA) of Rs 10.73 crore in FY 2020 as compared to a consolidated operating loss (negative EBITDA) of Rs 105.11 crore in FY 2019. For Q4 2020 also, Balaji reported positive consolidated EBIDTA of Rs 39.58 crore as compared to a consolidated operating loss of Rs 33.24 crore in Q4 2019.

    ALT Balaji numbers

    Though it has yet to become profitable, Balaji’s OTT platform ALT Balaji operating revenue almost doubled (increased 85.1 percent) to Rs 77.49 crore in FY 2020 as compared to Rs 41.87 crore in FY 2019. The company reported lower operating loss for ALT Balaji at Rs 92.16 crore for FY 2020 as compared to an operating loss of Rs 120.81 crore for FY 2019. Balaji says that direct subscription revenue for ALT Balaji has grown over 100 percent year on year.

    ALT Balaji operating revenue increased 61.2 percent y-o-y to Rs 22.18 crore during Q4 2020 as compared to Rs 13.76 crore in Q4 2019. The company reported lower operating loss for ALT Balaji at Rs 14.44 crore for Q4 2020 as compared to an operating loss of Rs 31.75 crore for Q4 2019.

    Commissioned programmes

    Revenue from the company’s television programming (Commissioned programmes) increased 22.5 percent y-o-y to Rs 421.25 crore in FY 2020 as compared to Rs 344.02 crore in the previous year. Commissioned programmes business operating results increased 369.2 percent during FY 2020 to Rs 83.06 crore as compared to Rs 49.09 crore in the pervious year.

    Revenue from the company’s television programming (Commissioned programmes) increased 35.6 percent y-o-y to Rs 110.89 crore in Q4 2020 as compared to Rs 81.80 crore in the corresponding year ago quarter. Commissioned programmes business operating results declined 3.5 percent during Q4 2020 to Rs 19.55 crore as compared to Rs 20.27 crore in the corresponding year ago quarter.

    Films segment

    Revenue from Balaji’s Films segment increased 69.2 percent in FY 2020 to Rs 172.40 crore from Rs 102.27 crore. Films segment operating results grew more than six-fold (grew 555.2 percent) at Rs 54.14 crore as compared to an operating profit of Rs 8.26 crore in FY 2019.

    Revenue from Balaji’s Films segment fell 43.8 percent y-o-y in Q4 2020 to Rs 5.46 crore from Rs 9.72 crore. Films segment operating results was more than three times higher (up 259.4 percent) at Rs 4.49 crore as compared to an operating profit of Rs 1.25 crore in Q4 2019.

    Some standalone numbers

    Standalone PAT for FY 2020 was 63 percent lower at Rs 21.77 crore as compared to Rs 58.87 crore in FY 2019. Balaji’s Standalone PAT for Q4 2020 and Q4 2019 was Rs 10.43 crore and Rs 2.18 crore respectively.

    Balaji’s standalone operating revenue for FY 2020 31 percent higher at Rs 567.63 crore as compared to Rs 438.67 crore in FY 2019. Standalone operating revenue for Q4 2020 and Q4 2019 was Rs 116.06 crore and Rs 82.12 crore respectively.

    Company speak

    Balaji Telefilms Limited managing director Shobha Kapoor said in the investor release, “This year has been one of the best year for Balaji Telefilms despite the partial impact of COVID-19 towards the end of March 2020. We continue to focus on creating good content and growing our digital platform. We are witnessing huge opportunity within the digital space due to COVID-19 and we are gearing ourselves to exploit this opportunity.”

    Let us look at the other numbers reported by Balaji

    Consolidated total income for FY 2020 at Rs 582.16 crore was 26.7 percent higher y-o-y as compared to Rs 459.48 crore. Consolidated total expenses for FY 2020 increased 9.7 percent to Rs 604.33 crore from Rs 1550.90 crore.

    Consolidated cost of production declined 12.6 percent FY 2020 to Rs 349.89 crore as compared to Rs 400.45 crore in FY 2019. Consolidated marketing and distribution expenses in FY 2020 increased 40.4 percent to Rs 60.56 crore from Rs 43.12 crore in the previous year. Consolidated employee benefits expense in FY 2020 declined 26.5 percent to Rs 36.45 crore from Rs 49.57 crore in FY 2019. Consolidated other expenses in FY 2020 increased 19.1 percent to Rs 76.42 crore from Rs 36.45 crore in FY 2019.

    Consolidated total income for Q4 2020 at Rs 106.09 crore was 9 percent higher y-o-y as compared to Rs 97.29 crore. Consolidated total expenses for the quarter under review reduced 5.6 percent y-o-y to Rs 118.74 crore from Rs 125.76 crore.

    Consolidated cost of production declined 16.8 percent y-o-y in Q4 2020 to Rs 75.36 crore as compared to Rs 91.83 crore. Consolidated marketing and distribution expenses in Q4 2020 declined 40 percent y-o-y to Rs 5.01 crore from Rs 8.34 crore. Consolidated employee benefits expense in Q4 2020 declined 35.2 percent y-o-y to Rs 8.57 crore from Rs 13.22 crore. Consolidated other expenses in Q4 2020 reduced 27.5 percent y-o-y to Rs 20.17 crore from Rs 27.82 crore.