Balaji Telefilms spurts after robust Q2 earnings

Balaji Telefilms jumped 5.11% to Rs 36 at 10:30 IST on BSE after consolidated net profit surged 417.65% to Rs 12.32 crore on 229.31% spurt in revenues to Rs 194.16 crore in Q2 September 2013 over Q2 September 2012.

The result was announced after market hours on Wednesday, 30 October 2013.

Meanwhile, the BSE Sensex was up 18.09 points, or 0.09%, to 21,052.06.

On BSE, 76,000 shares were traded in the counter compared with average volume of 32,839 shares in the past one quarter.

The stock hit a high of Rs 37 and a low of Rs 35.25 so far during the day. The stock hit a 52-week high of Rs 63.90 on 11 January 2013. The stock hit a 52-week low of Rs 29.90 on 29 August 2013.

The stock had outperformed the market over the past one month till 30 October 2013, rising 10.13% compared with the Sensex's 8.54% rise. The scrip had, however, underperformed the market in past one quarter, sliding 6.93% as against Sensex's 8.71% rise.

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

Consolidated EBITDA (earnings before interest taxes depreciation and amortization) spurted 141.72% to Rs 10.95 crore in Q2 September 2013 over Q2 September 2012.

Balaji Telefilms is a leading entertainment house in India since 1994. It has executed over 15,000 hours of television content in Hindi, Tamil, Telugu, Kannada, Malayalam and Bengali entertainment across genres. The company has a strong presence in Hindi general entertainment channels (GECs) and regional GECs across India.

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