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View Claim Ledger →Balaji Telefilms Limited — Q4 FY26
Balaji Telefilms reported Q4 FY26 revenue of 47 crores with an EBITDA loss of 7 crores and a PAT loss of 14 crores, reflecting timing delays in content monetization and softness in the traditional TV business.
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Balaji Telefilms reported Q4 FY26 revenue of 47 crores with an EBITDA loss of 7 crores and a PAT loss of 14 crores, reflecting timing delays in content monetization and softness in the traditional TV business. For FY26, full-year revenue was 210 crores versus 453 crores in FY25, with EBITDA loss of 65.8 crores and PAT loss of 49.6 crores. Management attributed the decline to industry headwinds, lower TV activity, and investments in digital ecosystem. However, they highlighted a strong order book of 350 crores for OTT partnerships, a turnaround in TV segment (from loss of 7 crores to profit of 4 crores sequentially), and a robust film pipeline of 17 movies over three years. Guidance for FY27 includes revenue visibility of ~800 crores, driven by motion pictures (~400 crores), commissioned shows (~330 crores), and digital B2C (~100 crores). Key risks include persistent TV margin compression due to broadcaster underinvestment and potential delays in film releases.
बालाजी टेलीफिल्म्स ने चौथी तिमाही में 47 करोड़ रुपये की कमाई की, लेकिन 7 करोड़ का नुकसान (EBITDA) और 14 करोड़ का शुद्ध घाटा (PAT) हुआ। इसकी वजह कंटेंट से कमाई में देरी और पारंपरिक टीवी कारोबार में कमजोरी है। पूरे साल की कमाई 210 करोड़ रुपये रही, जो पिछले साल 453 करोड़ थी। कंपनी ने कहा कि उद्योग में मंदी, टीवी गतिविधियों में कमी और डिजिटल निवेश के कारण ऐसा हुआ। हालांकि, अच्छी खबर यह है कि ओटीटी पार्टनरशिप के लिए 350 करोड़ के ऑर्डर मिले हैं, टीवी सेगमेंट में सुधार हुआ है (7 करोड़ घाटे से 4 करोड़ मुनाफा), और तीन साल में 17 फिल्में बनाने की योजना है। अगले साल 800 करोड़ कमाई का अनुमान है, जिसमें फिल्मों से 400 करोड़, शो से 330 करोड़ और डिजिटल से 100 करोड़ शामिल हैं। जोखिम: टीवी पर मुनाफा कम हो सकता है और फिल्मों की रिलीज में देरी हो सकती है।
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TV Margin Compression and Show Tenure Reduction
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Order Book (OTT Partnerships)
350 crores
+119% YoY
Order book for OTT commissioned shows; expected to realize over 135 crores in FY27.
Film Pipeline
17 movies
over 3 years
Planned releases over next three years; 4-6 movies per year with pre-sales covering ~99% of cost.
TV Segment EBIT
4 crores profit
+11 crores QoQ
TV segment turned profitable in Q4 FY26 from a loss of 7 crores in Q3, driven by successful shows.
Digital Business Cash Burn
50 lakhs/month
-96% vs peak
Reduced from ~125-145 crores annual burn to ~6 crores annual; expected to turn cash positive in FY27.
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Guidance and risk preview
Management expects FY27 revenue of approximately 800 crores, with motion pictures contributing ~400 crores, commissioned shows (TV+OTT) ~330 crores...
Broadcasters are investing less in TV content, yields are down 25-30% vs pre-COVID, and show tenures have shortened to 6-9 months, pressuring margins.
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