Balaji Telefilms Limited (BALAJITELE)
₹90.83 -0.36% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Balaji Telefilms' revenue was ₹240 Cr (+229.2% year on year, +400.6% on the previous quarter), and net profit ₹22.4 Cr (against a loss a year earlier); the operating margin was 10.7%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹240 | +229.2% | +400.6% |
| Operating profit | ₹25.7 | from loss | from loss |
| Net profit | ₹22.4 | from loss | from loss |
| EPS (₹) | 1.84 | from loss | from loss |
| Operating margin | 10.7% | — | — |
BALAJITELE delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 63.55% of the BALAJITELE shares traded on NSE were taken to delivery, against the stock's own 20-session average of 49.6%. That is higher than usual for this stock. Turnover was only ₹55 lakh, so a handful of trades can move this figure. Volume was 0.3 times its average, well below normal.
Delivery in the last 5 sessions: 46.7% · 52.9% · 61.5% · 48.0% · 63.5%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Balaji Telefilms has filed the minutes of its 32nd Annual General Meeting held on September 29, 2026. A total of 62 members attended via video conference, representing 6.51 crore votes polled (53.38% of outstanding shares). Key resolutions passed included the re-appointment and remuneration approval for Managing Director Shobha Kapoor and Joint MD Ekta Kapoor for a 2-year tenure effective November 10, 2026, each receiving >99.9% approval on polled votes. Management also highlighted content pipeline updates including digital partnerships with Netflix and the release of film Vvan on September 25, 2026.
- AGM held on September 29, 2026, with 62 members attending via video conferencing
- Total votes polled stood at 6,50,73,582, accounting for 53.3818% of total outstanding shares
- Special resolutions for 2-year remuneration tenure approved for MD Shobha Kapoor and Joint MD Ekta Kapoor w.e.f. November 10, 2026
- Digital scale-up noted: Balaji AstroGuide reached over 1.8 million downloads and Hoonur talent vertical represents over 30 exclusive artists
- Vvan was released on September 25, 2026, maintaining the target to produce 4 to 6 films annually
Balaji Telefilms conducted its 32nd Annual General Meeting on September 29, 2026, putting key resolutions to shareholder vote including FY26 financial statements and remuneration approvals for MD Shobha Kapoor and Joint MD Ekta Kapoor for 2-year tenures. The company reported that statutory audit reports had no qualifications, though the secretarial audit noted past non-compliances regarding Board composition and delayed FY25 results approval. Management confirmed that these past secretarial defaults were rectified, notably following NCLT scheme sanction on June 10, 2025, and director appointments in December 2025. Scrutinizer voting results under Regulation 44 will follow separately.
- 32nd AGM conducted via video conference on September 29, 2026, concluding at 04:50 PM IST
- Approval sought for remuneration of Managing Director Shobha Kapoor and Joint MD Ekta Kapoor for remaining 2 years from November 10, 2026
- Secretarial audit flagged past Board non-compliance from August 31, 2025 to December 29, 2025, since resolved
- Delay in FY25 financial results submission clarified as waiting for NCLT order received on June 10, 2025
Balaji Telefilms Limited has issued physical letters to shareholders without registered email IDs providing web links to the FY 2025-26 Annual Report and Notice of the 32nd AGM pursuant to SEBI Listing Regulations. The 32nd Annual General Meeting is scheduled to take place on Tuesday, September 29, 2026, at 3:30 PM IST via Video Conferencing. Remote e-voting commences on September 25, 2026, and concludes on September 28, 2026, with the cut-off date fixed as September 22, 2026.
- 32nd AGM scheduled for Tuesday, September 29, 2026, at 3:30 PM IST via VC/OAVM
- Cut-off date for e-voting eligibility set as Monday, September 22, 2026
- Remote e-voting period runs from September 25, 2026 (9:00 AM IST) to September 28, 2026 (5:00 PM IST)
- Voting results to be declared on or before October 01, 2026
Balaji Telefilms Limited has issued its Annual Report for FY 2025-26 and scheduled its 32nd Annual General Meeting (AGM) for September 29, 2026. The annual report highlights consolidated revenue of ₹210.8 Cr and 408+ production hours delivered during FY26. It reports a digital B2B order book of ~₹163 Cr, cash reserves of over ₹350 Cr, and a pipeline of 4 movies planned for FY 2026-27.
- 32nd AGM scheduled for Tuesday, September 29, 2026, via Video Conferencing.
- FY26 consolidated revenue reported at ₹210.8 Cr with over 408 production hours completed.
- Reported a digital B2B order book of ~₹163 Cr and cash reserves exceeding ₹350 Cr.
- Movie pipeline includes 2 films under production and 4 films slated for FY 2026-27.
Balaji Telefilms has issued the notice for its 32nd Annual General Meeting scheduled for September 29, 2026. Key agenda items include the adoption of FY26 financial statements and the approval of managerial remuneration for Managing Director Shobha Kapoor and Joint Managing Director Ekta Kapoor. Both executives are proposed to receive a basic salary not exceeding ₹2.40 crore per annum each for a two-year period effective November 10, 2026, including minimum remuneration clauses during loss-making periods. Additionally, the company seeks shareholder approval for the continuation of directorship for Ms. Priyanka Chaudhary for a 5-year term.
- 32nd AGM scheduled for Tuesday, September 29, 2026, at 3:30 PM IST via Video Conferencing.
- Proposed basic salary of up to ₹20,00,000 per month (₹2.40 crore p.a.) plus perquisites for MD Shobha Kapoor for 2 years from Nov 10, 2026.
- Proposed basic salary of up to ₹20,00,000 per month (₹2.40 crore p.a.) plus perquisites for Joint MD Ekta Kapoor for 2 years from Nov 10, 2026.
- Proposed continuation of Ms. Priyanka Chaudhary as Non-Executive Director for 5 years from May 26, 2026, to May 25, 2031.
Balaji Telefilms has entered into a strategic content partnership with YouTube to launch a slate of 5 original shows spanning 200 episodes in 4K resolution. Under the deal, Balaji Telefilms will retain full ownership of the intellectual property (IP) while YouTube handles global distribution and advertising/brand monetization. The upcoming titles include sequels such as Haq Se Season 2 and Kehne Ko Humsafar Hai Season 4, rolling out ahead of the festive season. Financial commercial terms and expected revenue contributions were not disclosed.
- Partnership to launch 5 original shows spanning 200 episodes natively on YouTube
- Balaji Telefilms retains creative vision and ownership of the intellectual property (IP)
- Monetization to be driven via YouTube ads and brand deals across global and Connected TV (CTV) reach
- Show slate includes Haq Se Season 2, Phir Pyar Ki Yeh Kahani Suno, and Kehne Ko Humsafar Hai Season 4
Balaji Telefilms Limited has announced that its 32nd Annual General Meeting (AGM) will be held on September 29, 2026, via Video Conferencing. The company has fixed September 22, 2026, as the cut-off date to determine voting eligibility for shareholders. The register of members and share transfer books will remain closed from September 23, 2026, to September 29, 2026. Remote e-voting will run from September 25 to September 28, 2026.
- 32nd AGM scheduled for Tuesday, September 29, 2026 at 03:30 p.m. IST via VC/OAVM
- Cut-off date for e-voting eligibility set for Tuesday, September 22, 2026
- Register of members and share transfer books closed from September 23 to September 29, 2026
- Remote e-voting window opens September 25, 2026 (09:00 a.m.) and closes September 28, 2026 (05:00 p.m.)
Balaji Telefilms Limited has announced that its 32nd Annual General Meeting (AGM) will be held on Tuesday, September 29, 2026, at 03:30 p.m. IST via Video Conferencing. The company has fixed September 22, 2026, as the cut-off date to determine shareholder voting eligibility. The register of members and share transfer books will remain closed from September 23, 2026, to September 29, 2026. Remote e-voting will run from September 25, 2026 (09:00 a.m.) to September 28, 2026 (05:00 p.m.).
- 32nd AGM scheduled for Tuesday, September 29, 2026, at 03:30 p.m. IST via VC/OAVM
- Cut-off date for e-voting and AGM attendance set as Tuesday, September 22, 2026
- Book closure from Wednesday, September 23, 2026, to Tuesday, September 29, 2026 (both days inclusive)
- Remote e-voting window open from September 25, 2026 (09:00 a.m.) to September 28, 2026 (05:00 p.m.)
Balaji Telefilms reported a massive turnaround in Q1 FY27, with consolidated revenue of Rs 240.3 Cr, which is higher than its entire TTM revenue of Rs 211 Cr. The company posted a PBT of Rs 28 Cr, reversing a loss of Rs 7.81 Cr in Q1 FY26, primarily driven by the Films segment contributing Rs 185.2 Cr. A significant growth driver is the Digital B2B order book exceeding Rs 350 Cr, representing ~166% of TTM revenue. The company also announced a strategic long-term creative partnership with Netflix and maintains a strong cash reserve of ~Rs 180 Cr.
- Consolidated revenue for Q1 FY27 stood at Rs 240.3 Cr, a significant jump from Rs 73 Cr in Q1 FY26.
- Films segment revenue surged to Rs 185.2 Cr in Q1 FY27 from just Rs 1.4 Cr in the year-ago period.
- Digital B2B order book stands at over Rs 350 Cr with leading OTT platforms.
- Turned profitable at the PBT level with Rs 28 Cr vs a loss of Rs 7.81 Cr in Q1 FY26.
- Maintains strong liquidity with ~Rs 180 Cr in cash and mutual fund reserves.
Balaji Telefilms reported a sharp turnaround in Q1 FY27, posting a standalone profit of ₹16.37 Cr compared to a loss of ₹5.26 Cr in the same quarter last year. Standalone revenue from operations spiked to ₹240.29 Cr, a 230% increase YoY and notably exceeding the previous TTM revenue of ₹211 Cr. This surge was accompanied by a significant rise in marketing and distribution expenses to ₹21.43 Cr, suggesting major content releases during the period. The company also allotted 90,450 equity shares under its ESOP scheme.
- Standalone Revenue from Operations grew to ₹240.29 Cr in Q1 FY27 from ₹72.83 Cr in Q1 FY26.
- Standalone Profit After Tax reached ₹16.37 Cr, reversing a loss of ₹12.74 Cr in the preceding quarter (Q4 FY26).
- Marketing and Distribution expenses increased to ₹21.43 Cr from ₹5.41 Cr in the year-ago period.
- Cost of production for the quarter stood at ₹116.01 Cr, representing approximately 48% of standalone revenue.
- Allotment of 90,450 equity shares of ₹2 each following the exercise of stock options.
Balaji Telefilms has scheduled one-on-one meetings with Emkay Investment Managers and Sequent Investments for July 14, 2026. These meetings are part of routine investor relations and will not involve the disclosure of unpublished price-sensitive information. The company is currently operating under financial stress, with a TTM net loss of ₹50 Cr and a negative operating margin of 31.1%. Investors should note the company's focus on its 'AstroVani' app and a de-risked movie strategy to recover 85-90% of costs pre-release.
- Two one-on-one investor meetings scheduled for July 14, 2026.
- Company reported a net loss of ₹14.0 Cr in the most recent quarter (March 2026).
- TTM revenue stands at ₹211 Cr against a market capitalization of ₹1095 Cr.
- Promoter holding has remained relatively stable at 31.32% as of March 2026.
- Company is currently managing three major films on floor: Bhoot Bangla, Vrusshabha, and Vvan.
Balaji Telefilms Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by KFin Technologies Limited (the Registrar and Share Transfer Agent), confirms that share dematerialization and rematerialization requests for the quarter ended June 30, 2026, have been processed. This is a standard administrative filing required for all listed companies to ensure the integrity of electronic shareholding records. There is no impact on the company's financial performance or business operations.
- Compliance certificate issued for the quarter ended June 30, 2026
- Confirmation provided by Registrar and Share Transfer Agent, KFin Technologies Limited
- Filing pertains to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
- Confirms that details of dematerialized/rematerialized securities have been furnished to stock exchanges
Balaji Telefilms Limited has announced the closure of its trading window for all designated persons and their relatives effective July 01, 2026. This is a standard regulatory procedure in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the release of financial results for the quarter ending June 30, 2026. The window will reopen 48 hours after the results are declared. Investors should note the company reported a net loss of ₹14.0 crore in the previous quarter (March 2026) on revenues of ₹48.0 crore.
- Trading window closure effective from July 01, 2026, for all designated persons.
- Closure is in relation to the unaudited financial results for the quarter ending June 30, 2026.
- The window will remain closed until 48 hours after the financial results are submitted to the exchanges.
- The specific date for the Board Meeting to approve these results will be announced separately.
Balaji Telefilms Limited responded to a clarification request from the National Stock Exchange on June 18, 2026, regarding a significant increase in trading volume. The company stated that it has consistently complied with Regulation 30 of SEBI (LODR) Regulations, 2015, by disclosing all material and price-sensitive information. They confirmed that no information that could impact trading volume has been withheld from the public. This response is a standard regulatory procedure following unusual market activity in the company's shares.
- NSE requested clarification on June 18, 2026, regarding a spurt in the company's share trading volume.
- Company confirms full compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Management explicitly stated that no material or price-sensitive information has been withheld from the exchange or investors.
Balaji Telefilms Limited has announced the resignation of Mr. Hamavvand Chwda, who served as the Group Head - Commercial & Administration. The cessation was effective from the close of business hours on June 09, 2026. The company stated that Mr. Chwda stepped down due to personal reasons and is no longer associated with the organization. This disclosure was made in accordance with Regulation 30 of the SEBI (LODR) Regulations, 2015.
- Mr. Hamavvand Chwda resigned from the position of Group Head - Commercial & Administration.
- The resignation became effective as of June 09, 2026.
- The reason cited for the departure is personal reasons.
- The disclosure follows SEBI Circular requirements dated July 13, 2023, regarding Senior Management Personnel changes.
Financial Performance
Revenue Growth by Segment
In Q2 FY26, the Commission segment contributed 77% of revenue (INR 37.58 Cr), Digital business contributed 13% (INR 6.34 Cr), and Film accounted for 10% (INR 4.88 Cr). Total revenue for Q2 FY26 was INR 48.8 Cr, representing a 66.1% decrease from INR 144 Cr in Q2 FY25.
Geographic Revenue Split
The company is developing a diverse movie pipeline targeting both domestic and international markets; specific percentage splits by region are not disclosed in available documents.
Profitability Margins
The company utilizes a de-risked movie production model, recovering approximately 85% to 90% of costs through pre-sales and co-production agreements before release to ensure stable returns.
Capital Expenditure
The company is investing in the AstroVani app and movie production, with inventory increasing by INR 55 Cr between September and March due to three major films on floor.
Credit Rating & Borrowing
The Group CFO has been instrumental in obtaining sanctions from private banks and leading fund-raising activities; an outstanding loan of INR 4.08 Cr was reported for Balaji Motion Pictures Limited as of March 2025.
Operational Drivers
Raw Materials
Talent/Artists (advances), Scripts, and Production Sets represent the primary operational inputs.
Capacity Expansion
The company maintains a strong TV presence in prime time and has three major films currently on floor: Bhoot Bangla, Vrusshabha, and Vvan.
Raw Material Costs
Advances to talent move into inventory when shooting begins; inventory surged by INR 55 Cr due to the Motion Pictures pipeline.
Strategic Growth
Growth Strategy
Growth will be achieved through a 3-phase scale-up of the AstroVani app, expansion of YouTube content, and a de-risked movie strategy recovering 85-90% of costs pre-release. The company is also diversifying digital offerings to reach wider audiences via a hybrid model.
Products & Services
TV serials, feature films (Bhoot Bangla, Vrusshabha, Vvan), digital streaming content, and the AstroVani astrology mobile application.
Brand Portfolio
Balaji Telefilms, Balaji Motion Pictures, ALTBalaji, and AstroVani by Balaji.
New Products/Services
AstroVani by Balaji app launched on November 7, 2025, with an expected first-year top line of INR 5 Cr.
Market Expansion
Developing a movie pipeline specifically targeting international markets alongside domestic operations.
Strategic Alliances
Pre-sales and co-production agreements are used to recover 85-90% of film costs before release.
External Factors
Industry Trends
The industry is shifting toward hybrid digital models and niche content applications; Balaji is positioning itself by expanding YouTube content and launching specialized apps like AstroVani.
Competitive Moat
The company possesses a strong brand legacy in TV production and a durable de-risked film model (85-90% pre-sale recovery) which provides a competitive advantage in capital efficiency.
Consumer Behavior
Increasing consumer demand for digital content and niche utility apps (e.g., astrology) is driving the shift toward the hybrid digital model.
Regulatory & Governance
Industry Regulations
Operations are governed by Indian Accounting Standards (Ind AS 12) for income taxes and general taxation laws affecting the recognition of deferred tax assets.
Taxation Policy Impact
The company recognized a deferred tax asset of INR 93.75 Cr based on projections of future taxable profits.
Legal Contingencies
The management has cleared old tax claims against the company; no significant fraud or design deficiencies in internal controls were reported for FY25.
Risk Analysis
Key Uncertainties
Revenue volatility is a key risk, as seen in the 66.1% YoY decline in Q2 FY26, primarily due to the timing of movie releases and segment mix.
Third Party Dependencies
High dependency on signing and scheduling key talent/artists for the movie production pipeline.
Technology Obsolescence Risk
Risk of digital platform shifts; mitigated by the transition to a hybrid model and expansion into YouTube and niche apps.
Credit & Counterparty Risk
Credit exposure includes an outstanding loan of INR 4.08 Cr to the wholly-owned subsidiary Balaji Motion Pictures Limited.
