Shares Homepage - BSE Sensex, NSE Nifty, Latest Prices, Live News, Company Search, Result Annoucements, Company News, Top stories, Gainers Losers, Top Performers, Market Commentary, Live Quotes, Bulk Deals
India's preferred Personal finance destination
Home Shares News Centre F&O Mutual Funds IPO Portfolio Commodity Loans Financial Planning Insurance About Us
Markets Companies Research Industries E-Mail Page
Wealth Tracker      Tax Corner NRI Centre Chat Masala Feedback

my Last 5 Scrips
Company BSE Price(Rs) % Chg
State Ba 260.85 0.11
Reliance 1101.65 4.11
Tata Stl 553.60 0.19
Tata Mot 174.80 2.46
Cipla Lt 633.85 0.98
Clear All Clear Last
Equity
NSE Live
Nifty Live Prices
Live Quotes
Top Gainers/Losers
Top 10 Turnover
No Delivery Stocks
BSE Live
BSE30 Live Prices
Live Quotes
Top Gainers/Losers
Top 10 Turnover
No Delivery Stocks
Market Pulse
Leaders
Laggards
FII Activity
Mutual Fund Activity
Meetings
Results Watch
Results Calendar
Results Announced
IPO Watch
Company
Snapshots
Quotes
Charts
Financials
Recent News
Broker Research
Meetings
Research Tutorial
Discussion Forum
Research
Research Reports
News Watch
Sector Watch
Economy Watch
PRITISH NANDY COMMUNICATIONS LIMITED

PRITISH NANDY COMMUNICATIONS LIMITED

AGM held on SEPTEMBER 19, 2003


PNC aims key spot in cinematic space

  • Pritish Nandy Communications (PNC) Ltd plans to emerge as the key player in the cinematic content space. `We will cross last year profit in the first half of the fiscal 2003-04,` said Pritish Nandy, chairman, Pritish Nandy Communications, at the annual general meeting held in Mumbai on September 19, 2003. The company hopes to achieve a growth of 100 per cent at the net profit level during the current fiscal.

  • Revenues from the company`s feature film, Jhankaar Beats, released worldwide in June 2003 by Fox, an international production houses, will add to the Pritish Nandy Communications` net profit in the fiscal 2003-04. Another film Mumbai Matinee will be released on September 26, 2003, while Hazaaron Khwahishein Aisi will be released in October-November 2003. The much-awaited Mumbai Matinee has made a profit before the release.

  • In addition, Pritish Nandy Communications will be releasing three more movies during the the fiscal 2003-04. All the movies released in the current fiscal are internally financed. Besides, there are several content projects at various stages of development. In the fiscal 2004-05, the company plans to release eight movies, of which one will require huge budget for which it has plans to tie up with institution/banks.

Library

  • Pritish Nandy Communications software content library is valued at Rs 200 crore.

Moksh

  • Pritish Nandy Communications intends to grow and develop its wellness division that operates under the brand, Moksh and Sin (cafe at Moksh), which will be hived off into a subsidiary, in the near future. The company plans to open Moksh in other cities and also is planning one overseas.

  • Moksh posted a loss of Rs 24 lakh at the profit before tax level during the fiscal 2002-03 as the subscription turnover is amortised over a period of time.

FY 2002-03

  • During the fiscal 2002-03, Pritish Nandy Communications turnover increased by 126.5 per cent to Rs 40.21 crore due to worldwide release of films Sur and Kante.

  • Besides, the company PNC also managed to re-exploit its television library. Content division contributed 93.8 per cent to the turnover, while wellness division (Moksh) contributed 6.2 per cent.

  • In content, TV content business was modest as a result of softening of advertising rates in the television business. The net profit declined by 7.4 per cent to Rs 1.62 crore as the focus was on the turnover.

top
Source : IRIS


Home | Shares | F&O | Mutual Funds | Loans | Insurance | News Centre
Wealth Tracker | Tax Corner | NRI Centre | Search in myiris | Advertise
All rights reserved. IRIS Business Services Limited
Disclaimer

Close Window