Visit http://indiaer.blogspot.com/ for complete details Balaji Telefilms (Rating – Sell; Target Price – Rs49)
We do not expect any improvement in realizations because of the lack of any high TRP
programs from the Balaji stable. Revenue is expected to grow by 4% QoQ and de-grow by 21%
YoY on back of closure of two programs during the quarter.
We expect EBIDTA to remain negative on the back of high launch expenses for four new
programming launched during Q1FY11 and closure of two programs.
PAT is expected to be positive on the back of high other income and negative tax.
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