BENGALURU: B.A.G. Films & Media Limited (Bag Films) reported consolidated PAT of Rs 6.09 crores (4.14 per cent of Total Income) in FY-2014 as compared to a loss of Rs (-82.16) crores in FY-2013. Despite a much lower operating q-o-q loss in Q4-2014, the company’s radio segment reported a loss of Rs (-2.18) crores in FY-2014 as compared to an operating loss of Rs (-1.3) crores in FY-2013.

For Q4-2014, Bag Films reported a (-90.91) per cent drop in PAT to Rs 0.67 crores (1.61 per cent of Total Income) as compared to the Rs 7.02 crores (17.85 per cent of Total Income) in Q3-2014 and a loss of Rs (-7.29) crores in Q4-2013.

Bag Films has informed the stock exchange that the Board of Directors of the Company, at its meeting held on 26 May 2014, it has not proposed any dividend for the Financial Year ended 31 March 2014.

Bag Films reported 24.34 per cent higher total income in FY-2014 at Rs 147.15 crores as compared to the Rs 118.35 crores in FY-2013. Total Income for Q4-2014 at Rs 41.87 crores was 6.45 per cent more than the Rs 39.35 crores in the immediate trailing quarter and 27.21 per cent more than the Rs 32.92 crores in the year ago quarter –Q4-2013.

Let us look at the other FY-2014 and Q4-2014 numbers reported by Bag Films

Bag Films’ Total Expense in FY-2014 at Rs 137.23 crore (93.26 per cent of Total Income) was (-6.13) per cent lower than the Rs 146.19 crore (123.53 per cent of Total Income) in FY-2013. Total Expense in Q4-2014 at Rs 33.63 crore (80.32 per cent of Total Income) was (-6.99) per cent lower than the Rs 36.16 crore (91.93 per cent of Total Incoms) and (-8.20) per cent lower than the Rs 36.64 crore (111.3 per cent of Total Income) in Q4-2013.

The company’s finance cost in FY-2014 was 73.55 per cent more at Rs 19.48 crore (13.25 per cent of Total Income) as compared to the Rs 11.23 crore (9.49 per cent of Total Income) in FY-2013. In Q4-2014 finance cost at Rs 7.65 crore (18.27 per cent of Total Income) was 60.01 per cent more than the Rs 4.53 crore (11.51 per cent of Total Income) in Q3-2014 and more than double (2.08 times) the Rs 3.68 crore (11.19 per cent of Total Income) in Q4-2013.

Bag Films reported lower depreciation numbers for FY-2014 at Rs 18.66 crore (-10.39) per cent lower than the Rs 20.82 crore in FY-2013. Depreciation for Q4-2014 at Rs 4.61 crore was (-2.06) per cent lower than the Rs 4.71 crore in Q3-2014 and (-18.23) per cent lower than the Rs 5.64 crore in Q4-2013.

During FY-2014, the company has pared its employee cost to Rs 17.95 crore from Rs 19.72 crore in FY-2013.

Bag Films has informed BSE that the Board of Directors of the Company at its meeting held on 26 May 2014, has approved the preferential issue of 80,000,000 (Eight crore only) warrants convertible into equity shares at a later date, on a preferential basis, to Promoters/Promoter Group and Non Promoters subject to approval of the shareholders in the forthcoming Annual General Meeting and such regulatory or statutory approvals as may be necessary/required.