Balaji Telefilms jumps after turnaround in Q4

Balaji Telefilms rose 6.14% to Rs 75.25 at 15:23 IST on BSE after the company reported consolidated net profit of Rs 9.54 crore in Q4 March 2015 as against net loss of Rs 27.40 crore in Q4 March 2014.

The Q4 result was announced after market hours yesterday, 20 May 2015.

Meanwhile, the S&P BSE Sensex was down 30.14 points or 0.11% at 27,807.07.

The stock spurted on heavy volumes. On BSE, so far 3.98 lakh shares were traded in the counter as against average daily volume of 50,769 shares in the past one quarter.

The stock hit a high of Rs 76.70 and a low of Rs 73 so far during the day. The stock had hit a 52-week high of Rs 92.70 on 16 September 2014. The stock had hit a 52-week low of Rs 52.65 on 27 May 2014.

The stock had outperformed the market over the past one month till 20 May 2015, rising 0.93% compared with Sensex's 0.18% fall. The scrip had also outperformed the market in past one quarter, advancing 10.78% as against Sensex's 4.77% fall.

The small-cap company has equity capital of Rs 13.04 crore. Face value per share is Rs 2.

Balaji Telefilms' revenue dropped 8.83% to Rs 76.94 crore in Q4 March 2015 over Q4 March 2014. EBITDA stood at Rs 8.04 crore in Q4 March 2015 as against loss of Rs 22.37 crore in Q4 March 2014.

Balaji Telefilms produces Indian soap operas, reality TV, comedy, game shows, entertainment and factual programming in several Indian languages.

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