Balaji Teleflims faces 88% fall in net profit

Balaji Telefilms have taken a hit with average realisation per hour of commissioned programs falling by 14% to Rs 1.6 million and that of sponsored programs by 24% to Rs 0.36 million.

Despite hours of programming increasing by 20% for commissioned programs and 41% for sponsored, net profit dropped to Rs 10.29 million from Rs 89.65 million in the previous quarter and net profit margins diving to 2.53% from 22.53%.