/Entertainment Balaji Telefilms Q1 results: Reports net loss of Rs 28 crore
Entertainment Balaji Telefilms Q1 results: Reports net loss of Rs 28 crore

Entertainment Balaji Telefilms Q1 results: Reports net loss of Rs 28 crore

Entertainment

NEW DELHI: Media and stutter provider Balaji Telefilms on Monday reported narrowing of consolidated win loss to Rs 27.87 crore within the three months ended June.

The corporate had posted a win loss of Rs 42.18 crore within the yr-within the past duration, in accordance with a regulatory filing.

Income from operations declined 61.28 per cent to Rs 35.05 crore within the most up-to-date June quarter from Rs 90.52 crore within the the same duration a yr within the past.

“The COVID-19 pandemic and the following lockdown declared by the govthad adversely impacted the final media and leisure industry and as a end result, the industry activities of the Neighborhood used to be moreover affected within the sizzling quarter,” the corporate said.

Digital industry continues to remain resilient while stutter production industry, which used to be impacted all the arrangement thru the pandemic, is now returning to same previous, Balaji Telefilms in an announcement.

Balaji Telefilms TV stutter production remained closed till June 26 following significant neatly being and security precautions. Production operations maintain resumed and currently, six reveals are on air,” it said.

Its OTT (Over The Top) platform ALTBalaji reported a 90 per cent direct in yell subscription earnings at Rs 12.9 crore within the first quarter of the sizzling fiscal compared to Rs 6.7 crore within the yr-within the past duration.

“Entire earnings for ALTBalaji stood at Rs 14.9 crore versus Rs 12.3 crore within the first quarter of commercial yr 2020,” the corporate said.

On Monday, shares of Balaji Telefilms settled at Rs 76.15 on BSE, up 1.33 per cent from previous end.