Balaji Telefilms reported rise in its total operating income in the year ended March 2022 to Rs. 336 cr, up 15pc from 293 cr reported the previous year.
While revenue from commissioned programmes dropped from Rs.274 cr to 249 cr, film revenue dropped from Rs.42 cr to over 3 cr in the same period.
The digital business which includes OTT platform ALTBalaji grew at over 67pc to touch Rs. 102 cr in FY22 from 61 cr the year before.
The company reported a consolidated loss of Rs.133 cr, up from Rs.118 cr in FY21.
Its financial results show that losses (before tax) for the digital business dropped from Rs.135 cr in FY21 to 120 cr the next year.
In a statement, ALTBalaji said it had launched 13 shows in the financial year, taking the library to over 90 shows. The company also sold 3.88 mn subscriptions in this period excluding subscribers on partner apps.
In Q4 of FY22, the company launched ‘Lock Upp’ featuring Kangana Ranaut as host, which it claims crossed 500 million views, with 1.29 billion cumulative video views to date.
Shobha Kapoor, Managing Director, Balaji Telefilms Limited, said, “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,” she added.
