Share price of this film production company moved up by nearly 3.17% to Rs. 79.99 on BSE in the trading session of Thursday, compared to its previous close of Rs. 77.53, after the company announced international expansion through acquisition as well as secured a new contract.
With a market capitalisation of Rs. 234 crores, at 02:18 p.m. the shares of Thinkink Picturez Ltd. were trading in the green at Rs. 79.05, up by 1.96 percent.
In the last one year, the company has delivered negative returns of about 3.8 percent and nearly 13.0 percent of returns in the last six months. So far in 2024, it has given negative returns of around 4.08 percent.
According to recent regulatory filings with the BSE, Thinkink Picturez Ltd. has successfully expanded its international footprint by the acquisition of a dynamic entity in Dubai, named “Think Star Entertainment Technology LLC,” which will operate as a wholly-owned subsidiary.
In addition, Think Star Entertainment Technology LLC was awarded a contract worth ~Rs. 45 crore for producing multiple shows and short films in the popular Korean Drama & Thriller genre for OTT platforms.
In terms of financials, the revenue from operations of the company reduced by nearly 69.23 percent QoQ from Rs. 6.5 crore in Q2 FY23-24 to Rs. 2.0 crore in Q3 FY23-24.
The net profit of the company also decreased by around 73.0 percent QoQ, from Rs. 3.48 crore in Q2 FY23-24 to Rs. 0.94 crore in Q3 FY23-24.
Incorporated in 2008, Thinkink Picturez Limited is an entertainment provider, operating across television, movies and other entertainment platforms.
The company offers services such as concept development, casting, set designing, script writing, location scouting, photography, editing, sound effects and mixing services.
Written by Shivani Singh
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