The shares of a leading entertainment content production company gained up to 4 percent after the company’s board of directors fixed the record date for the share split in the ratio of 1:10.
With a market capitalization of Rs 227.43 crore, the shares of Bodhi Tree Multimedia Ltd were trading at Rs 182.00 per share, increasing around 1.03 percent as compared to the previous closing of Rs 180.15 apiece.
According to the company filing, Bodhi Tree Multimedia Ltd’s board of directors has set Monday, April 02, 2024, as the “Record Date” for determining the entitlement of Equity Shareholders for sub-division/split of existing Equity Shares in 1:10, of the Company, such that 1 equity share having a face value of Rs. 10 each, fully paid-up, will be sub-divided into 10 equity shares having a face value of Re. 1 each, fully paid-up.
Looking into Bodhi Tree Multimedia Ltd’s performance, revenue climbed by 16 percent from Rs 11.13 Crore in Q3FY23 to Rs 12.90 Crore in Q3FY24. During the same duration, net profit declined by 69 percent from Rs 0.93 crore to Rs 0.28 crore.
The company has produced over 30 shows and 1500 hours of programming for major broadcasters and OTT platforms. BTL produces shows in Hindi, Tamil, Marathi, Gujarati, and Bengali, with genres including drama, thriller, horror, comedy, and lifestyle.
The company’s profitability measures show a decline in return on equity (RoE) from 31.03 percent in FY 21-22 to 13.09 percent in FY 22-23, while, during the same period return on capital employed (RoCE) declined from 25.44 percent to 20.31 percent. In contrast, the net profit margin (NPM) was 7.65 percent in fiscal year 22-23.
Bodhi Tree Multimedia Ltd’s recent shareholding pattern, The Promoters of the company own 35.30 percent while Retail shareholders own a 64.27 percent stake in the company, and Foreign Institutional Investors own a 0.44 percent stake.
Bodhi Tree Multimedia Limited is an Indian entertainment content production firm. Its range of activities includes content creation for television, cinema, and internet media. The company develops and produces daily soaps for television and online shows for over-the-top (OTT) platforms.
Written by:- Abhishek Singh
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