Balaji Telefilms reported an EBITDA loss of nearly Rs 20 crore and a bottomline loss of over Rs 15 crore. Nachiket Pantvaidya, Group COO, spoke to CNBC-TV18 about the results and the company's business plans.

Pantvaidya said that EBITDA will turn positive in the next two-two-and-a-half years.

Talking about the earnings, he said, “Most of the EBITDA numbers have been hampered by the fact that we launched 4 new shows at the beginning of the year in our television business and these shows will take about 100-120 days to become profitable.”

“The other good news for us is that for the first half of the year we are at about Rs 6-6.5 crore positive on our movie business,” added Pantvaidya.

"ALT Balaji this year is tracking a revenue of 20 crores," Pantvaidya said.

“We are consistently in the top 5 revenue earners in the subscription video on demand (SVoD) space on both Google Play Store and Apple App Store,” said Pantvaidya.

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First Published:Nov 15, 2018 11:52 AM IST