Balaji Telefilms Limited (BALAJITELE) share price

₹86.08 on NSE as of 2026-10-08. -3.48% on the day. market cap ₹1,049 Cr. 52-week range ₹71.11 to ₹128.88. Media, Entertainment & Publication.

www.balajitelefilms.com

Balaji Telefilms Q1 FY27: Sales Up 230% to ₹240 Cr, One Haunted Bungalow, and a Quarterly Profit

At a glance

Balaji Telefilms makes television serials, films and online shows. It is the house behind the long-running 'K' family dramas, which are daily family serials. Its latest results cover the three months to June 2026.

In those three months the company sold ₹240.29 crore of content. The same three months a year earlier brought in ₹72.83 crore. That is a rise of 229.93%. The quarter immediately before it brought in ₹47.62 crore. A shop that sold 50 samosas one month and 240 the next is still the same shop.

After production, salaries and other running costs, ₹25.74 crore was left. That figure is operating profit, which is what trading leaves before interest and tax. The final profit, after every cost and tax, was ₹22.46 crore. The same quarter a year earlier ended in a loss of ₹5.77 crore. The full year to March 2026 ended in a loss of ₹49.65 crore.

Films did most of the lifting. The filings show film sales of ₹185.16 crore in the quarter. Much of that came from Bhooth Bangla, a horror-comedy about a haunted bungalow. A haunted house paid the rent this quarter.

The stock market values the whole company at ₹1,121.50 crore. The yearly shareholder meeting is on 29 September 2026.

Introduction

Balaji Telefilms started in 1994. Its first show was a comedy called Hum Paanch. Then came Kyunki Saas Bhi Kabhi Bahu Thi and Kahaani Ghar Ghar Ki. Both were daily family dramas that ran for years. Dinner in many Indian homes was planned around them.

One family runs the company. Jeetendra Kapoor, a film star with over 200 movies behind him, is Chairman. Shobha Kapoor is Managing Director and handles the day-to-day running. Ekta Ravi Kapoor is Joint Managing Director and leads the creative side. Sanjay Dwivedi, who joined in 2013, is both Chief Executive and Chief Financial Officer.

Films were added over time. The list includes The Dirty Picture, Udta Punjab, Veere Di Wedding and Dream Girl. The company also built ALTT, a streaming app that viewers paid a subscription to use.

That app no longer exists. ALTT was shut on 25 July 2025, after a directive from the Ministry of Information and Broadcasting, the government department that oversees Indian screens. Within weeks the company launched Kutingg. It carries short, vertical shows, made for a phone held upright.

In June 2025, two companies Balaji wholly owned were merged into it. One was the streaming arm behind ALTT, and the other was a film company. A court that handles company matters approved the merger, backdated to April 2024. Management says the merger brings a goods and services tax credit of about ₹117 crore. The company also expects no major income tax for four to five years, because of losses carried from past years.

The famous shows came back too. The saas and the bahu are, it turns out, still at it. Kyunki Saas Bhi Kabhi Bahu Thi 2 and Naagin 7 topped the television ratings charts, the company says.

Business model

Balaji sells stories to order, owns some stories outright, and runs a few small apps. There are three businesses.

Commissioned shows. A television channel or a streaming service orders a show, and Balaji makes it. The buyer pays for each episode. In television the channel usually owns the finished show, management says. It is like a tailor stitching a suit to order: the customer pays for the stitching and takes the suit home. This part brought in ₹45.07 crore in the three months to June 2026.

In the year to March 2026, television work earned ₹28 lakh for each hour produced. The company made 408 hours of television that year. Four years earlier it made over 1,000 hours. Management says shows now run six to nine months, where earlier they could run for years. A daily soap was once a job for life, and is now a contract with an end date.

Streaming work is growing. Balaji has a long-term partnership with Netflix. Its order book is about ₹350 crore. An order book is work that has been confirmed but not yet delivered. Management says streaming shows earn less an hour than long television runs. A streaming show is shot to a schedule and then ends.

Films. Balaji produces films and sells the rights to them before release. Streaming services, music labels and television channels buy those rights. On its last six films, the company says, it recovered 85-90% of the cost before release. That is a caterer collecting most of the bill before the wedding.

Digital apps. Kutingg carries short vertical dramas, shot for an upright phone screen. AstroGuide is an astrology app with about 1.8 million downloads; the stars were always part of this business. Hoonur is a talent agency that manages television actors. Balaji also runs a YouTube channel with over 11 million subscribers.

Quarterly results, balance sheet, cash flow, ratios, shareholding and the filings themselves are on the full page for Balaji Telefilms Limited.

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