Balaji Telefilms navigates transition with strategic initiatives, reports H1 FY26 losses

Balaji Telefilms reported revenue of INR48.8 crores for Q2 FY26, down from INR144 crores in the same quarter last year, resulting in a loss before tax of INR6.6 crores. For H1 FY26, revenue stood at INR121 crores, compared to INR293 crores in the previous year, with a loss before tax of INR14 crores. The company attributes this dip to the conclusion of mature TV series and a transitional period focused on pipeline creation for its motion pictures and digital businesses.

The company's digital segment is a key focus, with 93 shows live on its new Kutingg app and three new YouTube original shows, accumulating over 400 million views. Balaji Telefilms is strengthening its B2B digital business with an order book of approximately INR300 crores. The recently launched AstroVani app is anticipated to generate a top line of INR5 crores in its first full year.

Cash reserves remain strong at INR137 crores, earmarked for IP-led businesses, primarily movies and digital. The company expects four movie releases in the next financial year, all presold. It anticipates that motion pictures will be the biggest contributor to revenue and profitability within a three-year timeframe, followed by digital and then TV.