Balaji Telefilms Limited – Investor Presentation Summary
Key Operational Highlights
- Television production of 85+ hours in Q2 FY27 with shows 'Kyunki Saas Bhi Kabhi Bahu Thi 2' and 'Naagin 7' topping TRP charts
- Digital B2B order book above ₹350 Crore with leading OTT platforms
- YouTube collaboration for 5 exclusive premium original shows spanning 200 episodes with global distribution
- Lock Upp series released on Netflix, becoming #1 Global Non-English Unscripted Show, Top 10 in 12 countries, with 100M+ view hours and 95% episode-to-episode retention
- Successful theatrical releases: 'Bhooth Bangla' crossed ₹240 crore in worldwide box office collections, followed by 'Vvan' in September
- Official launch of new OTT platform 'Kutingg' with fresh slate of family-friendly short-format content
- ALT Digital Media and Marinating Films merged into Balaji Telefilms in April 2025, consolidating content production
Segment-wise Performance
Q2 FY27 Segment Revenue:
- Commissioned (TV + Digital): ₹69.69 Crore
- Movies: ₹106.31 Crore
- Digital B2C: ₹5.06 Crore
Q2 FY27 Segment PBT:
- Commissioned (TV + Digital): ₹7.03 Crore
- Movies: ₹41.24 Crore
- Digital B2C: ₹(3.92) Crore (loss)
Financial Highlights
Q2 FY27 Consolidated:
- Revenue: ₹181.15 Crore
- PBT: ₹44.86 Crore (24.76% margin)
- PAT: ₹32.51 Crore (17.95% margin)
- EPS: ₹2.67
H1 FY27 Consolidated:
- Revenue: ₹421.44 Crore
- PBT: ₹72.87 Crore (17.29% margin)
- PAT: ₹54.90 Crore (13.03% margin)
- EPS: ₹4.52
YoY Comparison (Q2 FY27 vs Q2 FY26):
- Revenue increased from ₹48.8 Crore to ₹181.15 Crore
- PBT turned from loss of ₹(6.6) Crore to profit of ₹44.86 Crore
- PAT turned from loss of ₹(5.0) Crore to profit of ₹32.51 Crore
Geographical Revenue Split
Not Specified
Balance Sheet Snapshot
As of September 30, 2026:
- Total Equity: ₹676.7 Crore (₹621.1 Crore as of March 31, 2026)
- Equity Share Capital: ₹24.4 Crore
- Other Equity: ₹655.3 Crore (₹599.6 Crore as of March 31, 2026)
- Total Current Assets: ₹670.3 Crore (₹592.7 Crore as of March 31, 2026)
- Inventories: ₹179.0 Crore (₹207.7 Crore as of March 31, 2026)
- Trade Receivables: ₹108.4 Crore (₹59.6 Crore as of March 31, 2026)
- Investments: ₹193.9 Crore (₹102.4 Crore as of March 31, 2026)
- Cash & Cash Equivalents: ₹11.0 Crore (₹24.7 Crore as of March 31, 2026)
- Total Current Liabilities: ₹229.5 Crore (₹228.2 Crore as of March 31, 2026)
- Trade Payables: ₹117.7 Crore (₹101.6 Crore as of March 31, 2026)
Capex & Cash Flow Health
Not Specified
Strategic & R&D Initiatives
- Long-term creative partnership with Netflix to develop high-quality content across formats
- YouTube collaboration for original content creation with Balaji retaining IP and creative control
- Shift from SVOD to hybrid (SVOD + AVOD) model for digital business
- Launch of AstroGuide astrology app with 2.5 lakh downloads in 24 hours
- Focus on creating IP for sequels and franchise development
- Advertiser funded programs (AFP) producing branded content for corporates
Industry Trends & Business Environment
- India's M&E sector size: INR 2.78 trillion in 2025 (US$32 bn), growing 9% YoY
- Projected M&E sector size: INR 3.3 trillion by 2028 with new media contributing >50% of revenues
- 216 million paid OTT video subscriptions in 2025 across 143 million households
- Digital media revenues crossed INR 1 trillion in 2025, overtaking television as largest segment
- India's total box office hit record ₹13,395 crore (INR 130 bn) in 2025
- 745 million Indians reached by television weekly in 2025
Management Commentary & Growth Outlook
- Pipeline of 4-6 movies per year with average ticket size ₹60-75 Crore
- De-risked movie business model with 85-90% of production cost recovered before release through pre-sales
- Multifold growth expected from online channels driven by content diversification
- Strong 3-5 year pipeline across formats to support sustained content output
- Focus on regional language content creation for platforms like ETV and Aha