Balaji Telefilms Limited, announced its financial results for the third quarter and nine months ended on 31st December 2019.
Balaji Telefilms TV content production business accounts for 15% of the Primetime ratings and #1 ranked production house for the year. Board has declared an interim dividend of 20% or Rs 0.40 per share. With 9 shows on-air across 4 channels during the quarter, Balaji created 219 hours of programming.
Dream Girl, a movie produced by Balaji Telefilms performed exceedingly well ensuring a strong profitable performance in the movie business.
ALTBalaji today has 57 shows. The content alliance with Zee5has been live for over a quarter and the shows are doing well on both platforms. The alliance allows ALTBalaji to minimize cash burn while developing a profitable and scalable, direct-to-consumer business. ALTBalaji continues to witness strong revenue growth and nearing profitability on standalone basis
Expansion in EBITDA reflective of strong operational cost controls. Standalone Business Q3 PAT at Rs 29.4cr and 9M PAT at Rs 47.4cr, growth of 145% and 165% respectively.
“This quarter has been one of our best profitable quarter and we continue to focus on creating good content.” said Shobha Kapoor, Managing Director, Balaji Telefilms Limited.
Continuing Kapoor said, “We will continue to focus on growing the business profitably, investing in high quality content and utilising our existing cash reserves to create profitable growth, as we have been doing.”
TV Business:
The TV Business of Balajicontributes to 15% of Prime-Time Ratings and Balaji Telefilms is the number 1 production house by a wide margin. 9 shows running through the quarter with 2 new launches in the quarter. TV Business revenue for the month of December is 81.96 CR came at the back of increased hours of content to a total of 219 in the month of December, 2019, which was the highest for the whole year.
Movie Business
Current slate of 4 movies for the coming year, continue to focus on co production and presales
OTT Business: ALTBalaji
ALTBalaji move into a single partner behind the paywall ecosystem vs a multi partner free to consumer ecosystem has resulted in strong growth in direct consumer. Active subscriber base at over 1.6m.Q3 FY20 revenue at Rs 23.1 CR, 9M FY20 revenue at Rs 55.7 CR against full year FY19 at Rs 41.8 CR.
ALT Balaji did not change the pricing for the consumer, it continued to remain at INR 300 a year which essentially means INR 100 a quarter.
Co-Production with ZEE5 benefitted ALTBalaji Library
ALTBalaji and Zee5 have been co-creating shows since quite sometime now. They have created 14 shows till date which are available only on ALTBalaji and Zee5 platform.43 shows produced prior to September 2019 available exclusively on ALTBalaji taking total library of shows to 57.
