To begin with I welcome you all to the Thinkink Picturez family and gladly inform youall about the developments in our entertainment business. As promised in my message lastyear we have taken baby steps already covering the television movies and the digitalbusiness. We have maintained a high standard of integrity and maintained high qualitycontent.
We made directorial debut with the comedy film Dream Girl which was a commercialsuccess.
As of today we already have an inventory of more than 50 stories (which include FilmsWeb Series and Tv shows) ready to be told. The negotiations for production are at a veryadvanced stage and you will hear from us very soon on the final result of thenegotiations. We believe very strongly to create stories which connect with the audiencesand always maintain a healthy interaction and engagement to be able to understand thedemands of the genre of the stories.
The revenue during the year stood at Rs. 4871.54 Lacs. Profit before tax (PBT) stood atRs. 182.97 Lacs as compared to Rs. 123.95 Lacs as compared to last year showing a dashpercentage increase. Similarly profit after tax stood at Rs. 135.39 Lacs as compared toRs. 91.41 Lacs as compared to last year. During this year a lot of collaboration effortswith various renowned partners have been attempted. At this moment I can assure you thatthe following year will see some big ticket partnerships leading to showcase our productsin future.
In 2019-20 India reported its slowest GDP growth in 11 years. Towards the close of thefinancial year under review our performance was affected by the nationwide lockdown onaccount of the Covid-19 pandemic the effects of which extended into the current financialyear. The only safeguard employed by our Company in this uncertain environment was awillingness totransform and adapt with agility. We would like to express our deepgratitude towards each and every one for supporting us and putting your faith in theCompany. As we witness a particularly difficult time amidst a global pandemic we hopeyou and your loved ones are safe and sound.We would like to express our deep gratitudetowards each and every one for supporting us and putting your faith in the Company. As wewitness a particularly difficult time amidst a global pandemic we hope you and yourloved ones are safe and sound.
Managing Director and Chairman.