scripscan:Balaji Telefilms Ltd
cmp:32
Code:532382
Story:Balaji Telefilms Limited, a media company, provides entertainment content primarily in India. The company engages in the production of content for the television industry, including television serials, commissioned programs, and sponsored programs in Hindi, Tamil, Telugu, Kannada, and Malayalam languages. It also involves in the production and distribution of motion pictures and feature films; provision of digital entertainment, which comprise mobile and Web entertainment content; development of iPhone Apps, an application with professionally recorded stories and aartis in Hindi; and operation of ICE Institute of Creative Excellence that provides training for careers in media and entertainment industry.It plans to sell its non core divisions to concentrate more on its profitable businesses.Balaji Telefilms reported net loss of Rs 0.70 crore in the quarter ended September 2011 as against net loss of Rs 6.40 crore during the previous quarter ended September 2010. Sales declined 6.85% to Rs 35.47 crore in the quarter ended September 2011 as against Rs 38.08 crore during the previous quarter ended September 2010.The company soon hopes to get back in green which if at all happens would help the company to settle at higher prices.
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