Inspire Films Boasts Rs 1 Cr Net Profit With 295 Percent Margin Growth in H2 FY24
Mumbai (Maharashtra) [India], May 31: Inspire Films Limited. (NSE – INSPIRE), one of the leading content creation and production company, announced its Audited Financial Results for FY24. Key Financial Highlights FY24 Total Income of ₹ 30.44 Cr EBITDA of ₹ 5.78 Cr EBITDA Margin of 19.00 % Net Profit of ₹ 2.57 Cr Net Profit Margin of 8.44 % EPS of ₹ 3.07 [...]
Mumbai (Maharashtra) [India], May 31: Inspire Films Limited. (NSE – INSPIRE), one of the leading content creation and production company, announced its Audited Financial Results for FY24.
Key Financial Highlights
FY24
Total Income of ₹ 30.44 Cr
EBITDA of ₹ 5.78 Cr
EBITDA Margin of 19.00 %
Net Profit of ₹ 2.57 Cr
Net Profit Margin of 8.44 %
EPS of ₹ 3.07
H2 FY24
Total Income of ₹ 9.14 Cr
EBITDA of ₹ 2.91 Cr
EBITDA Margin of 31.84 %
Net Profit of ₹ 1.13 Cr
Net Profit Margin of 12.36 %
EPS of ₹ 1.35
Commenting on the performance, Mr. Yash Patnaik, Managing Director of Inspire Films Limited, said, ” In the first half of FY24, our performance soared, exceeding the revenue and profitability of the previous half of 22-23. We successfully wrapped up numerous seasons of popular shows by the midpoint of 23-24, with plans to continue production in the latter half.
However, the industry was gripped by uncertainty due to ongoing merger negotiations among major platforms and broadcasters. Consequently, many greenlit projects, including ours, faced significant delays, some extending beyond six months.
Despite these challenges, we seized the opportunity to bolster our pipeline, incorporating both existing greenlit projects and new ventures. As a result, we are now poised to launch these projects and fulfil all inventory commitments before the end of the current fiscal year, 24-25. With the industry turbulence subsiding, we are witnessing a resurgence of optimism and opportunity.
Embarking on an exciting journey, we are set to unveil a series of captivating projects spanning television and OTT platforms, encompassing both fresh endeavours and continuations of established favourites. Moreover, we’re thrilled to announce the debut of our own label, Freshh Mint, which will stream exclusively on YouTube. Through Freshh Mint, we will curate and deliver a diverse array of original content, including web series, mini-series, and shorts. This content will not only be monetized through YouTube but also through additional revenue streams such as brand partnerships, sponsorships, syndication, and licensing opportunities.
Highlights of inspire Films Post IPO
Launch of Freshh Mint
Launch of a new brand, “Freshh Mint,” signaling commitment to innovation and market diversification with the imminent release of intellectual property on our YouTube channel.
New Business Vertical
Introduction of a novel business model focusing on distribution and licensing, resulting in the signing of contracts for seven projects.
New Project Highlight
The Company has signed a multi-project licensing agreement with Zee Entertainment Enterprises Limited and sublicensed the popular IPs to MX Player, a major OTT platform.
Strategic Alliance
Inspire Films and Kaavya Motion Pictures Private Limited have joined forces for 3 years to co-create a range of audio-visual content. The strategic alliance was formalized with an exclusive MOU signed on January 15, 2024.
New Appointment
Mr. Bhalchandra Kadam has assumed the role of Chief Financial Officer at BM, effective May 29, 2024. He has over three decades of experience.
If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.
