Balaji delivers strong Q3 results
Net Profit Growth of 105%YoY
For immediate release}
Mumbai: 30th January 2003
Income from operations up from Rs 301.92 mn to Rs. 526.94 mn, an increase of 74.53%
Profit Before Write off and Tax up from Rs 135.49 mn to Rs _269.61mn, an increase of` 99 %
Profit After Tax up from Rs 85.14 mn to Rs 174.75 mn, an increase of 105.26 %
Earnings per share up from Rs 1.65 to Rs 3.39, an increase of 105.26 %
Realization per hour up from Rs 0.73 mn to Rs 1.14 mn, an increase of 56%
Operating profit margin up from 45.49%% to 53.43 %
Net profit margin up from 28.20% to 33.16 %
The fresh programming hours increased from 412.50 hrs to 460.50 hours, an increase of 11.63%
Substantial improvement in realisations from Sponsored Programming
Two new state of the art studios became operational, thereby further improving the quality of programming and operational efficiencies
Expanded the satellite channel presence by launching one daily soap on Sahara TV
Weekend Program “Kya Haadsa Kya Haqueqat” launched during the previous quarter on Sony TV consistently mounted on TRP charts, establishing a new weekend slot for the channel
Entered into an MOU with Indonesian company for assignment of Company's library of Hindi serials, consisting of 1000 episodes for a consideration of USD 300,000, equivalent to approx. Rs. 15 mn
Balaji's programming continues to dominate 14 of the top 20 programmes in Hindi Cable & Satellite Channels.
Commenting on the quarter's performance, Mrs. Shobha Kapoor, CEO and Managing Director said,
“Our efforts of producing quality programs have delivered excellent results during the quarter and we continue to vigorously pursue the strategy of delivering high quality entertainment. We are now pushing the yardstick further with a spate of investments in the state of the art studios / facilities that will spur future growth and strengthen our leadership. We are also targeting regional / international markets and have plans to leverage our existing software library. Our endeavor is to take the Indian television programming industry to global heights." |
