Balaji Telefilms Q1 FY27 Results (NSE: BALAJITELE)
Signal: Loss reversed
The read
The key inflection is a content-led operating turnaround: consolidated revenue reached ₹24029.18 lakh, EBITDA margin recovered to 12.4% from a loss base and PAT reached ₹2239.46 lakh, but the sustainability test is whether Films can repeat its ₹2311.15 lakh segment profit while Digital's ₹410.99 lakh loss narrows.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹240.29 Cr | 229.9% | N/A |
| EBIT | ₹28.46 Cr | N/A | |
| Net profit | ₹22.39 Cr | N/A | |
| EPS | ₹1.84 | N/A | |
| EBIT margin | 12.4% |
P&L walk
Consolidated revenue was ₹24029.18 lakh, +229.9% YoY, led by Films revenue of ₹18515.70 lakh; EBITDA turned around to ₹2986 lakh from a ₹583 lakh loss and PAT to ₹2239.46 lakh from a ₹576.50 lakh loss, although Digital remained loss-making at ₹410.99 lakh.
Segments
Films drove the turnaround with ₹18515.70 lakh revenue and ₹2311.15 lakh profit versus ₹137.12 lakh revenue and a ₹226.56 lakh loss YoY; Digital dragged with a ₹410.99 lakh loss despite ₹966.83 lakh revenue.
Key positives
- Consolidated revenue rose to ₹24029.18 lakh, +229.9% YoY, with Films contributing ₹18515.70 lakh and accounting for the bulk of the rebound.
- EBITDA turned positive at ₹2986 lakh from a ₹583 lakh loss, while EBITDA margin reached 12.4% from a negative year-ago margin.
- Commissioned Programs turned profitable at ₹618.02 lakh from a ₹544.78 lakh loss, adding a second positive segment alongside Films.
- PAT turned positive at ₹2239.46 lakh from a ₹576.50 lakh loss and EPS turned positive at ₹1.84 from negative ₹0.48.
Key concerns
- Digital remained loss-making at ₹410.99 lakh on ₹966.83 lakh revenue, with the loss widening from ₹91.96 lakh YoY.
- Marketing and distribution expense increased 173.4% YoY to ₹1472.83 lakh, making repeatability of the 12.4% EBITDA margin dependent on revenue scale.
- Consolidated PAT exceeded standalone PAT by ₹602.38 lakh, so group earnings are meaningfully influenced by subsidiaries and segment performance.
Research and educational content only. Not investment advice.