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Saturday, October 25, 2008 Team

MUMBAI: Balaji Telefilms has posted a net profit of Rs 181.25 million in the FY'09 second quarter fiscal, down by 31.02 per cent from Rs 262.76 million in the corresponding quarter of the previous fiscal.

Income from operations has dropped 32.56 per cent to stand at Rs 1.03 billion for the quarter under review.

Revenue contribution from commissioned programming stood at Rs 969.47 million, while sponsored programming fetched Rs 63.81 million. During the quarter, the share of commissioned programming in the revenues was 93.82 per cent while that of sponsored programming 6.18 per cent.

Balaji earned Rs 969.47 million from Star, Sony, Zee and 9X. In the Southern market, revenue from Sun TV stood at Rs 22.42 million, Gemini Rs 24.89 million, Udaya Rs 15.11 million and Surya Rs 1.39 million.

Realisation per hour from commissioned programming increased to Rs 3.23 million. Realisation per hour from sponsored programming has touched Rs 0.60 million.

During the quarter, the company’s expenditure jumped 78.89 per cent to Rs 803.26 million from Rs 449.02 million in the year ago period. Balaji Telefilms launched four shows in the quarter.

The company has invested Rs. 2.2 billion including Rs 300 million in the wholly owned subsidiary.

Balaji Telefilms FZE, wholly owned subsidiary of the company incorporated in Sharjah, has been liquidated since 23 September.

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