Balaji Telefilms reported a sharp jump in profit for FY25, with PAT rising to ₹85 Cr from ₹19 Cr in FY24. This was helped by better margins, lower losses in the digital business, and one-time gains from merging ALT Balaji and Marinating Films. However, full-year revenue fell 27.5% YoY to ₹453 Cr due to delays in content delivery and changes in digital revenue strategy. Q4 revenue came in at ₹66 Cr, down from ₹135 Cr in the same quarter last year, as TV production volumes fell and digital restructuring continued. Q4 FY25 recorded a loss before tax of ₹10.7 Cr compared to a profit of ₹19.5 Cr last year.
Segment Performance and Healthy Cash Position
EBITDA showed improvement across segments: television contributed ₹28 Cr, movies ₹6.6 Cr, and digital losses were lower. The company ended the year with ₹172 Cr in cash, providing a strong base as it shifts its business strategy.
Netflix Deal and Regional Focus Driving Growth
Balaji signed a long-term content deal with Netflix for 3–7 years, covering films, series, and more. The company is also focusing on Tamil and Telugu content across digital and film formats. It aims to grow digital B2B sales through tie-ups with domestic and global OTT platforms, targeting ₹50 Cr of new orders every quarter. The digital content order book already exceeds ₹300 Cr. Investments in AI and IP creation are enabling scalable storytelling.
Digital Restructuring and ALT Growth
In FY25, ALT Balaji and Marinating Films merged to create a single digital platform. The combined business shifted to a hybrid SVOD+AVOD model, cutting cash burn from ₹120–145 Cr per year to just ₹35 lakh per month. ALT saw record performance in Q4 with 3.2 lakh subscriptions (including 1.7 lakh renewals), 17.4 Bn viewing minutes, and 1.7 Bn total views.
Box Office Wins and Movie Expansion
Recent films Dream Girl 2 and Crew crossed ₹100 Cr each at the box office. Three more movies are in the works, and the company plans to release 4–6 films every year with budgets of ₹60–75 Cr.
₹130 Cr Fund Raise for Digital and Movie Scale-Up
To support content creation and platform growth, Balaji raised ₹130.6 Cr via equity, backed by promoters and foreign investors. The funds will go toward film production, expanding digital offerings, and strengthening IP assets.